Difficult to form a full picture of Russia’s sizeable public sector procurements
Russia Difficult to form a full picture of Russia’s sizeable public sector procurements Russia’s finance ministry reports that public sector contracts made last year under procurement oversight...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rosstat predicts a decline in Russia’s population over the next two decades
Russia Rosstat predicts a decline in Russia’s population over the next two decades In its latest demographic forecast, Rosstat offers three scenarios for Russian population growth through 2036. In t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s central bank lowers key rate and revises forecasts downwards
Russia Russia’s central bank lowers key rate and revises forecasts downwards On September 6, the Central Bank of Russia’s board of directors again lowered the key rate by 0.25 percentage points...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Direct investment outflows from Russia remain significantly larger than FDI inflows
Russia Direct investment outflows from Russia remain significantly larger than FDI inflows Flows of direct investment to and from Russia’s non-bank corporate sector have been smaller over the past f...
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
Russia’s national ecology project addresses a range of environmental issues
Russia Russia’s national ecology project addresses a range of environmental issues One of the twelve programmes included in president Putin’s inaugural May Decrees of 2018 (BOFIT Weekly 08/2019) see...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and China rise in World Bank rankings; unchanged in WEF rankings
Russia Russia and China rise in World Bank rankings; unchanged in WEF rankings Both annual comparisons were released in October. The World Bank’s survey of 190 economies in Doing Business 2020 shows...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Stimulus included in Russia’s 2020−2022 government sector budget framework
Russia Stimulus included in Russia’s 2020−2022 government sector budget framework The finance ministry’s three-year fiscal framework covers the entire consolidated budget. That includes the federal ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
New information about Russia’s military-industrial complex and its bank debts
Russia New information about Russia’s military-industrial complex and its bank debts Russia’s military industrial complex (Oboronno-promyshlennyi kompleks, OPK), which comprises over 1,300 firm...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and Turkey want to increase bilateral use of their currencies
Russia Russia and Turkey want to increase bilateral use of their currencies At the beginning of this month, Russia and Turkey signed an agreement that seeks, among other things, to increase the use ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign currency reserves swell to highest level in years
Russia Russia’s foreign currency reserves swell to highest level in years As of end-September, the value of Russia’s foreign currency and gold reserves reached 531 billion dollars, its highest level...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia's government budgets started to grow again; government drafted supplementary budget
Russia's government budgets started to grow again; government drafted supplementary budget First-quarter revenues to the consolidated budget (includes federal, regional and municipal budgets, as ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Life expectancies in Russia up sharply, but gap between men and women remains huge
Russia Life expectancies in Russia up sharply, but gap between men and women remains huge Life expectancies in Russia up sharply, but gap between men and women remains huge Rosstat reports that the...
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
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
The role of the US dollar as a payment currency is under discussion in Russia
Russia The role of the US dollar as a payment currency is under discussion in Russia According to finance minister Anton Siluanov, the cabinet has taken up discussion of a de-dollarisation programme...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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 was ranked the 43th most competitive country by the World Economic Forum this year
Russia Russia was ranked the 43th most competitive country by the World Economic Forum this year The annual Global Competitiveness Report released last week included 140 countries. Russia’s ranking ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and Turkey celebrate progress in Black Sea gas pipeline project
Russia Russia and Turkey celebrate progress in Black Sea gas pipeline project The new Black Sea gas pipeline Turkish Stream (TurkStream) runs under the sea bottom from Krasnodar to west of Istanbul....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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