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
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
Fixed investment in Russia increasingly goes to oil & gas production
Fixed investment in Russia increasingly goes to oil & gas production The total volume of fixed investment fell over 4 % y-o-y in the first half of this year (down over 8 % in 2015). Rosstat estim...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Russia’s federal budget revenues declined especially in May and June, but spending climbed up
Russia Russia’s federal budget revenues declined especially in May and June, but spending climbed up For the May-June period, federal budget revenues from oil & gas production taxes and export d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Increase in debt restructuring and postponed repayment of corporate loans in Russia
Russia Increase in debt restructuring and postponed repayment of corporate loans in Russia The stock of bank lending to non-financial corporations increased rapidly in late March and early April. In...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
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
Net FDI inflow to Russia falls to lowest level in over a decade
Net FDI inflow to Russia falls to lowest level in over a decade The net inflow of foreign direct investment into Russia last year was less than $5 billion and remained positive only due to reinvested...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Russia and other major oil producers fail to reach agreement on oil production freeze
Russia and other major oil producers fail to reach agreement on oil production freeze Last weekend, Russia and a number of other non-OPEC countries resumed talks with several OPEC members. In Februar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China and Russia see Panama Papers as Western attempt to destabilise their political systems
China and Russia see Panama Papers as Western attempt to destabilise their political systems The unprecedentedly large data leak on offshore companies released last week by the International Consorti...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s finance ministry issues 250 billion rubles worth of domestic bonds in first quarter
Russia’s finance ministry issues 250 billion rubles worth of domestic bonds in first quarter For the first time since 2011, the latest government domestic bond issues have been almost fully subscrib...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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