Despite stable oil prices, the ruble strengthens and Russia's stock markets fall
Despite stable oil prices, the ruble strengthens and Russia's stock markets fall In recent years, the ruble's exchange rate and Russian stock market prices have closely tracked trends in oil ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Fixed investment by Russia's large and mid-sized firms still in low territory
Fixed investment by Russia's large and mid-sized firms still in low territory Rosstat reports that the recovery in seasonally adjusted total fixed investment continued in the fourth quarter of 20...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Industry recovers in Russia's federal districts, while retail sales continue to contract
Industry recovers in Russia's federal districts, while retail sales continue to contract Industrial output increased in 2016 in all of Russia's federal districts (FD), which encompass numerou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Bank profitability improved in Russia, even with a decline in corporate borrowing
Bank profitability improved in Russia, even with a decline in corporate borrowing Figures from the Central Bank of Russia show total banking sector assets nominally declined last year by 3.5 %. If ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Extraordinary budget measures in Russia boosted federal revenues and expenditures in late 2016
Extraordinary budget measures in Russia boosted federal revenues and expenditures in late 2016 Budget revenues were significantly increased with the sale of a minority stake in state oil giant Rosnef...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
New data show distinctly milder recession in Russia than earlier reported
New data show distinctly milder recession in Russia than earlier reported Revised Rosstat GDP figures for 2015 show GDP contracted just 3 %, rather than 3.7 % as reported earlier. The new figures for...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
BOFIT 25th Anniversary Conference examines evolutionary paths of Russia and other post-communist systems
BOFIT 25th Anniversary Conference examines evolutionary paths of Russia and other post-communist systems The first keynote address, delivered by Professor Gerárd Roland (University of California...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia's special supplement to defence spending also affects next year
Russia's special supplement to defence spending also affects next year In the budget policy framework for 2017‒2019, the finance ministry foresees that defence spending will decrease sharply afte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Government subsidies keep Russia’s inefficient car producers on life support
Government subsidies keep Russia’s inefficient car producers on life support The economy ministry last week released a study that found that Russia’s car industry received state subsidies of about 40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Death rate in Russia hit historical high last year; covid infections soar
Russia Death rate in Russia hit historical high last year; covid infections soar Preliminary Rosstat figures put Russia’s population at the end of 2021 at 143 million people (does not include popula...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Employment in Russia returns to pre-recession levels as unemployment drops to historical lows
Russia Employment in Russia returns to pre-recession levels as unemployment drops to historical lows The 2020 recession was brief and rather shallow, causing the number of employed persons to declin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia launches action plan until 2025 under its programme of population policy
Russia Russia launches action plan until 2025 under its programme of population policy The plan is the final phase of the population policy guideline approved by president Vladimir Putin in 2007. In...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia signs on to OECD’s Automatic Exchange of Information initiative
Russia signs on to OECD’s Automatic Exchange of Information initiative The OECD and G20 countries have developed the Automatic Exchange of Information (AEOI) standard procedure as a way to increase i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia dips into the Reserve Fund to cover the budget deficit
Russia dips into the Reserve Fund to cover the budget deficit Russia waited until April to tap the Reserve Fund this year, withdrawing a total of 390 billion rubles ($6 billion). At the end of April,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Separate development plan approved for areas near Chinese border in Russia’s Far East regions
Separate development plan approved for areas near Chinese border in Russia’s Far East regions In recent years, Russia has focused greater attention on its Far Eastern regions, but despite development...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s consolidated budget deficit fairly small so far this year
Russia’s consolidated budget deficit fairly small so far this year The consolidated budget (which combines federal, regional and municipal budgets, plus state social funds) showed a January-September...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Finnish investment in Russia continues to heavily exceed Russian investment in Finland
Finnish investment in Russia continues to heavily exceed Russian investment in Finland Statistics Finland (SF) reports that the stock of Finland’s foreign direct investment (FDI) in 2014 amounted to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Reduced revenues and higher spending caused Russia’s government budget sector deficit to deepen
Reduced revenues and higher spending caused Russia’s government budget sector deficit to deepen Revenues to the consolidated budget (federal, regional and municipal budgets, plus state social fund bu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia-US economic relations unlikely to improve under the new US administration
Russia Russia-US economic relations unlikely to improve under the new US administration The long-prevailing modest state of economic relations between Russia and the United States has been further c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged Finnish goods exports to Russia amounted to €1.5 billion in the first half, down by a third from a year ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015