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
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
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
FDI inflow to Russia boosted by the sale of Rosneft stake
FDI inflow to Russia boosted by the sale of Rosneft stake Net direct investment inflows to Russia (investment of foreign firms in Russia minus funds repatriated by foreign firms) amounted to USD 33 b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia facing harsher economic outlook for the rest of this year
Russia Russia facing harsher economic outlook for the rest of this year The preliminary figures from Rosstat show Russian GDP contracted by 4 % y-o-y in the second quarter. Thanks to strong gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Ukrainian Black Sea grain shipments resume with UN-brokered agreement between Ukraine and Russia
Russia Ukrainian Black Sea grain shipments resume with UN-brokered agreement between Ukraine and Russia On July 27, 2022, Ukraine, Russia, Turkey and the UN signed an agreement allowing resumption o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
China’s goods exports to Russia decline while bilateral trade deficit rises
China China’s goods exports to Russia decline while bilateral trade deficit rises China Customs reports that the value of goods exports to Russia shrank by 17 % y-o-y in June. In response to Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
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
Russia imposes new procurement restrictions on the public sector and state enterprises
Russia imposes new procurement restrictions on the public sector and state enterprises Most public sector food procurement (including fish, meat, milk and rice) must now favour domestic producers (Eu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
BOFIT Russia forecast sees slow recoveries for the economy and imports
BOFIT Russia forecast sees slow recoveries for the economy and imports The GDP contraction in the first half was mild (less than 1 % y-o-y), given that the oil price was 30 % lower than in 1H15 and o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016