Latest BOFIT forecast for Russia sees economy and imports still contracting further this year
Latest BOFIT forecast for Russia sees economy and imports still contracting further this year With the price of oil down by about 50 % in the second half of 2014, domestic demand, including private c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Protests lead to concessions in Russia’s new road fee system
Protests lead to concessions in Russia’s new road fee system Russia last November introduced its Platon system of fees for heavy vehicles using federal-level highways. Platon’s purpose is to collect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Covid case numbers rising in Russia; officials struggle with vaccine hesitancy
Russia Covid case numbers rising in Russia; officials struggle with vaccine hesitancy The number of confirmed covid-19 infections has risen sharply in Russia in recent weeks. Case growth has been fa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New US sanctions reduce presence of foreign investors in Russia’s bond market
Russia New US sanctions reduce presence of foreign investors in Russia’s bond market On April 15, United States officials at the behest of president Joe Biden announced new sanctions to take effect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia has enjoyed relatively stable economic conditions during the first two months of this year
Russia Russia has enjoyed relatively stable economic conditions during the first two months of this year Several Russian economic indicators for January and February suggest that production and cons...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
BOFIT Forecast 2021−2023 for Russia sees recovery amid exceptionally large risks
Russia BOFIT Forecast 2021−2023 for Russia sees recovery amid exceptionally large risks Our latest Forecast for Russia sees Russian GDP recovering from last year’s 3 % dip by growing nearly 3&#...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia expands price monitoring significantly; food prices under pressure to rise
Russia Russia expands price monitoring significantly; food prices under pressure to rise A government regulation will extend price monitoring widely by including a monitoring list of goods and servi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Measured in dollars, Russia’s average wage declined over 30 % last year
Measured in dollars, Russia’s average wage declined over 30 % last year Preliminary data show the average monthly wage in Russia in 2015 was 34,000 rubles ($560, €500). Nominal wages increased 4.5 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Capital flows between Russia and the rest of the world remarkably small
Capital flows between Russia and the rest of the world remarkably small Preliminary balance-of-payments figures show that the net outflow of private capital fell in 2015. This was despite banks payi...
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
Russia imposes price controls in response to rising prices on certain food items
Russia Russia imposes price controls in response to rising prices on certain food items The month-on-month rise in consumer prices accelerated significantly in October and especially in November. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Number of banks operating in Russia still declining, but not as fast as earlier
Russia Number of banks operating in Russia still declining, but not as fast as earlier Central Bank of Russia governor Elvira Nabiullina declared that the purging of unhealthy banks from the sector ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Even confirmed coronavirus infections soar in Russia, officials remain cautious about imposing new restrictive measures
Russia Even confirmed coronavirus infections soar in Russia, officials remain cautious about imposing new restrictive measures The number of new confirmed covid-19 infections in Russia has risen cle...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia keeps its key rate unchanged; previews monetary policy guidelines for 2021–2023
Russia Central Bank of Russia keeps its key rate unchanged; previews monetary policy guidelines for 2021–2023 At its scheduled meeting on September 18, the CBR decided to leave the key rate unchange...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Covid-19 crisis has increased broad unemployment and part-time employment in Russia
Russia Covid-19 crisis has increased broad unemployment and part-time employment in Russia Using the methodology of the International Labour Organization (ILO), Rosstat’s latest survey of the labour...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August
Russia Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August At the end of August, the National Welfare Fund (NWF), which has been built up from taxing the ene...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
State support scheme boosts demand for new housing loans in Russia
Russia State support scheme boosts demand for new housing loans in Russia Issuance of new housing loans cratered in April and May due to the coronavirus lockdown. The volume of new housing loans iss...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020