After posting awful April economic numbers, Russia bounced back a bit in May
Russia After posting awful April economic numbers, Russia bounced back a bit in May By practically all metrics, Russian economic activity collapsed in April. The economy ministry estimates that GDP ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s government spending to be stretched by economic support measures
Russia Russia’s government spending to be stretched by economic support measures Finance minister Anton Siluanov indicates that federal budget expenditure would rise this year by roughly one percent...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
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
Russia restarts gas deliveries to Ukraine; air travel between the two countries set to end
Russia restarts gas deliveries to Ukraine; air travel between the two countries set to end Having received from Naftogaz a $230 million advance payment for next winter’s gas, Gazprom this week again ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s third-quarter exports and imports figures fall to 2010 levels
Russia’s third-quarter exports and imports figures fall to 2010 levels Preliminary balance-of-payments figures from the Central Bank of Russia show earnings on exports of goods and services fell yet ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves At a banking conference in St. Petersburg at the start of this month, CBR head Elvira Nabiullina noted that Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy Based on ILO methodology, Russia’s unemployment rate was 5.8 % in April. The unemployment rate has climbe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s proposed constitutional amendments allow president Putin to remain in power
Russia Russia’s proposed constitutional amendments allow president Putin to remain in power Revisions prepared for the Russian constitution in past weeks have now been approved by both the Duma and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Capital outflow from Russia continued strong due to foreign debt payments
Capital outflow from Russia continued strong due to foreign debt payments The net capital outflow of private sector in the first quarter was $33 billion, down from $48 billion a year earlier. Banks p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade On Monday (Jan. 26), Standard & Poor’s lowered Russian sovereign foreign currency borrowing to BB+, a notch below i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Despite rapid growth, Russia’s housing loan market is still relatively small
Despite rapid growth, Russia’s housing loan market is still relatively small Starting from a very modest level, the total stock of housing loans issued by banks has increased at over 30 % a year sinc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia moves its large excess oil tax revenues from 2018 into the reserve fund
Russia Russia moves its large excess oil tax revenues from 2018 into the reserve fund The finance ministry deposited over 65 billion dollars (equal to about 4 % of GDP) in the National Wel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Significant economic differences across Russia’s cities with populations of more than one million
Russia Significant economic differences across Russia’s cities with populations of more than one million Russia has 16 cities with more than a million inhabitants. The five biggest cities after Mosc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
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 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’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 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