IMF’s annual Article IV consultations with Russia stress ongoing need for reform
Russia IMF’s annual Article IV consultations with Russia stress ongoing need for reform The IMF expects Russian GDP to grow by 1.7 % this year and 1.5 % next year if the oil price remains roughly ar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia rises to 75th place in the World Bank's logistics performance ranking for 2018
Russia Russia rises to 75th place in the World Bank's logistics performance ranking for 2018 The survey-based Logistics Performance Index (LPI) covered 160 countries this year. Russia's scor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's goal of halving poverty would not require massive amounts of funds
Russia Russia's goal of halving poverty would not require massive amounts of funds President Putin's inauguration Decree, issued on May 7, includes a goal of cutting Russian poverty in half ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's government sector deficit shrinks, the reserve fund will increase
Russia Russia's government sector deficit shrinks, the reserve fund will increase In the first quarter of this year, revenues to the consolidated budget (federal, regional and local budgets plus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia to require unique identifiers for many consumer products next year
Russia Russia to require unique identifiers for many consumer products next year At the end of 2017, the Duma approved a law on unique identifier codes for products sold in Russia. At the moment, th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Weaker revenues and higher spending reign Russia’s federal and regional budgets
Russia Weaker revenues and higher spending reign Russia’s federal and regional budgets Due to various revenue streams other than oil & gas tax revenues, the slide in nominal federal budget reven...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia lowers key rate by 0.25 % and signals plans to keep cutting
Russia Central Bank of Russia lowers key rate by 0.25 % and signals plans to keep cutting With the February 12‑month inflation reading unchanged at 2.2 %, the CBR board decided to cut the key rate t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Number of people employed in Russia declined last year; labour force also shrank
Number of people employed in Russia declined last year; labour force also shrank Even as the Russian economy began to revive from recession last year, Rosstat reports that its labour force survey of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and China score low in the OECD services trade index
Russia Russia and China score low in the OECD services trade index Russia and China score low in the OECD services trade index The OECD's Services Trade Restrictiveness Index (STRI), published ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Improvement of Russia's government sector finances at all budget levels
Improvement of Russia's government sector finances at all budget levels Last year saw large gains in federal budget revenues (up 18 %), while tax revenues flowing directly to state social funds a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
US refrains from imposing new sanctions on Russia, but Power Machines goes on the sanctions list
Russia US refrains from imposing new sanctions on Russia, but Power Machines goes on the sanctions list Last week,the US addedthe namesof 30 persons and firms to its SDN sanctions list imposed on Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Alexei Ulyukayev, Russia's former economy minister, convicted of soliciting bribes
Russia Alexei Ulyukayev, Russia's former economy minister, convicted of soliciting bribes Alexei Ulyukayev, Russia's former economy minister, convicted of soliciting bribes Ulyukayev was ar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Strict 2018 spending rules approved for Russia's federal budget and pension fund
Russia Strict 2018 spending rules approved for Russia's federal budget and pension fund Federal budget spending is set to contract slightly next year in nominal ruble terms, which means a real d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia last year produced and exported more gas and oil than before
Russia Russia last year produced and exported more gas and oil than before Russia extracted 556 million metric tons of crude oil and associated gas in 2018. Average daily crude production exceeded 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s goods trade surplus last year was larger than before
Russia Russia’s goods trade surplus last year was larger than before Russian customs reports that in 2018 the country’s goods trade surplus climbed to 212 billion dollars, or roughly 12 % of GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Central Bank of Russia resumes forex-buying mandated by fiscal rule
Russia Central Bank of Russia resumes forex-buying mandated by fiscal rule On January 15, the Central Bank restarted its foreign currency buying tied to the government’s fiscal rule after a five mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia's near-term plans for government sector finances taking shape
Russia Russia's near-term plans for government sector finances taking shape The finance ministry's government sector budget framework for 2019–21 foresees that rapid growth in revenues of th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Large hikes in revenue and spending of Russia's preliminary budget framework
Russia Large hikes in revenue and spending of Russia's preliminary budget framework In its presentation of the first draft of the three-year budget framework, the finance ministry raised its rev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China and Russia impose most trade and investment barriers on European firms
China China and Russia impose most trade and investment barriers on European firms The European Commission's Annual Report on Trade and Investment Barriers notes that the wave of protectionism t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
No large economic policy changes expected from Russia's new cabinet
Russia No large economic policy changes expected from Russia's new cabinet On May 18 president Vladimir Putin approved the new cabinet proposed by prime minister Medvedev, consisting of 10 deput...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018