Forecasting
BOFIT releases multi-year forecasts for the Russian and Chinese economies in spring and autumn.
Bofit.fi / Bofit homepage
Russian central bank keeps the key rate unchanged at 7.25 % p.a.
Russia Russian central bank keeps the key rate unchanged at 7.25 % p.a. The Central Bank of Russia's decision was mainly driven by increased geopolitical tensions that have led to ruble deprecia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Strong growth in Finnish-Russian trade
Russia Strong growth in Finnish-Russian trade The value of goods exports rose by 15 % last year to 3.4 billion euros. Strongest growth was in the machinery & equipment category, with the value o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian oil production expected to remain at current levels also this year
Russia Russian oil production expected to remain at current levels also this year Russian oil production expected to remain at current levels also this year Russia last year produced crude oil abou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian military spending increased last year
Russia Russian military spending increased last year New figures released by the Stockholm International Peace Research Institute (SIPRI) show that Russia’s 2021 military spending amounted to 66 bil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian government driven to technical insolvency
Russia Russian government driven to technical insolvency The 30-day grace period for about 100 million dollars in Russian foreign debt that came due at the end of May was reached on June 27 without ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Corruption, bad institutions and lack of openness dog Russian competitiveness
Corruption, bad institutions and lack of openness dog Russian competitiveness The World Economic Forum (WEF) global competitiveness index last year ranked Russia 45th among 140 countries surveyed. Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
India binges on Russian oil
India India binges on Russian oil By some unofficial estimates, India is purchasing over 1 million barrels of Russian crude oil daily, which amounts to nearly a quarter of India’s total oil imports....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
EBRD continues financing freeze on Russian projects
EBRD continues financing freeze on Russian projects The majority of shareholders in the European Bank for Reconstruction and Development (EBRD) decided in summer 2014 to halt any new projects in Russ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Finnish-Russian trade remains sluggish
Russia Finnish-Russian trade remains sluggish Finnish Customs reports that in the first half of 2019 the value of goods exports from Finland to Russia (1.8 billion euros) increased by 10 % and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR sells majority stake in Sberbank to the Russian government
Russia* CBR sells majority stake in Sberbank to the Russian government The sale, announced last February (BOFIT Weekly 13/2020), took place last Friday (April 10). The transaction was originally set...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
The 2021 harvest was smaller than in previous years
Russia The 2021 harvest was smaller than in previous years According to preliminary figures released by Rosstat, Russia’s grain harvest last year was about 121 million metric tons. In comparison to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian GDP contracts in November; inflation soars
Russian GDP contracts in November; inflation soars The economy ministry estimates 12-month GDP fell 0.5 % in November. While much of the drop reflected a sharp decline in manufacturing output, the d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Finnish-Russian trade stages a comeback in the first half of this year
Russia Finnish-Russian trade stages a comeback in the first half of this year The value of goods and services exported from Finland to Russia rose by 11 % y-o-y in the first half of this year. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finnish-Russian trade performed modestly last year
Russia Finnish-Russian trade performed modestly last year Finnish goods exports to Russia increased last year by 10 % to 3.6 billion euros. Much of the export growth, however, reflected on...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Latest forecast sees Russian growth slowing in years ahead
Russia,economy,BOFIT Weekly Review Latest forecast sees Russian growth slowing in years ahead On Monday (Mar. 24), BOFIT held its annual Russia briefing (in Finnish) to address Russia’s economy and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian export earnings rather flat; recovery in imports continues to stall
Russia Russian export earnings rather flat; recovery in imports continues to stall Central Bank of Russia balance-of-payments figures show that earnings from exports of goods and services, which had...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Moscow stock exchange’s dollar-denominated RTS index declined 8 % last year
Russia Moscow stock exchange’s dollar-denominated RTS index declined 8 % last year With over half of the RTS general index weighting consisting of companies in the oil and gas sector, it is eas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian foreign debt declined last year
Russia Russian foreign debt declined last year Russians owed roughly 450 billion dollars to foreign (non-resident) entities at the start of this year. Russia’s foreign debt, measured in dollars, fel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Finnish-Russian trade plummeted in second quarter
Russia Finnish-Russian trade plummeted in second quarter The value of Finland’s goods exports to Russia decreased by 32 % y-o-y in the second quarter. Exports were dragged down by the sudden co...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020