Russian tourism abroad up in 2017
Russia Russian tourism abroad up in 2017 Tourism rebounded last year in response to the mild economic recovery and ruble appreciation. Russians made 40 million journeys abroad and spent $31 billion ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian currency reserves rose by 55 billion dollars last year
Russian currency reserves rose by 55 billion dollars last year The largest gains came from exchange rate fluctuations and gold reserves. Increase due to transactions was 23 billion dollars. Under the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Uneven growth outlooks for countries in CIS region
Russia Uneven growth outlooks for countries in CIS region Uneven growth outlooks for countries in CIS region The latest IMF forecasts predict GDP growth for nearly all countries in the CIS region t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR further lowers key rate
Russia CBR further lowers key rate On April 29, following improving conditions on financial markets and falling price instability risks, the Central Bank of Russia lowered its key rate by 300 basis ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Putin goes to China; US sanctions affect Chinese and Russian bilateral trade
Putin goes to China; US sanctions affect Chinese and Russian bilateral trade Russian president Vladimir Putin flew to Beijing on Thursday (May 16) to begin a state visit hosted by Chinese president X...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian economic growth expected to slow this year
Russia Russian economic growth expected to slow this year The Russian economy recovered briskly last year from the Covid Recession, with GDP returning to pre-crisis levels already last summer. The p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian carmakers have it rough
Russian carmakers have it rough Car sales in Russia have been in trouble for a while. Even with a mini-shopping-spree at the end of last year based on expectations of further ruble devaluation and hi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian goods trade has recovered in recent months
Russia Russian goods trade has recovered in recent months With the recovery in demand, Russia’s imports of goods have quickly rebounded from last spring’s nadir. The value of imports in September wa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Finnish-Russian trade dips in first quarter
Russia Finnish-Russian trade dips in first quarter The value of Finland’s goods exports to Russia in the first three months of this year decreased by 5 % y-o-y to 722 million euros. Export tren...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Growth in Finnish-Russian trade subsides
Russia Growth in Finnish-Russian trade subsides Ruble depreciation has had a dampening effect on the growth of Finnish exports to Russia this year. While the value of Finland’s imports from Russia h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Despite signs of economic recovery, imbalances in the Russian economy continue to grow
#russia Despite signs of economic recovery, imbalances in the Russian economy continue to grow Ruble depreciation While Yevgeny Prigozhin’s short-lived insurrection had little immediate economic con...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Finnish-Russian trade contracted last year
Finnish-Russian trade contracted last year The value of Finnish goods exports to Russia last year was just €4.6 billion, its lowest level since 2009. While the value of exports was down 14 % y-o-y fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian imports suffer as economy falters
Russian imports suffer as economy falters Preliminary Rosstat figures show the pace of contraction in Russian GDP reached 4.6 % y-o-y in the second quarter of this year. At the same time, the dollar ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Latest BOFIT forecast sees Russian economy returning to modest growth next year
Russia Latest BOFIT forecast sees Russian economy returning to modest growth next year The coronavirus pandemic and turbulence in the global oil markets have battered the Russian economy this year. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Eurasian Economic Union agreement entered into force yesterday
Eurasian Economic Union agreement entered into force yesterday The Russia-Belarus-Kazakhstan customs union, which was established in 2010, became the Eurasian Economic Union (EEU) on Thursday (Jan. 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian crude oil production hits record levels
Russia Russian crude oil production hits record levels Russian crude oil production (including gas condensates) last year edged up by a percent. The output was 560 million tons (11.3 million barrels...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Trump signs new Russian sanctions bill
Russia,economy Trump signs new Russian sanctions bill The "Countering America's Adversaries Through Sanctions Act" tightens some of existing sanctions on Russia, creates the possibilit...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Latest BOFIT forecast sees Russian GDP growing this year, but sustaining growth will be difficult
Latest BOFIT forecast sees Russian GDP growing this year, but sustaining growth will be difficult BOFIT forecast sees 2 % GDP growth for this year, but a gradual fading in growth is underway alr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Putin and Xi met in Samarkand as trade between their countries has strengthened
China Putin and Xi met in Samarkand as trade between their countries has strengthened On September 15, Xi Jinping and Vladimir Putin conferred in the Uzbek city at a meeting of the eight-nation Shan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
National Welfare Fund stabilises at 12 % of GDP
Russia National Welfare Fund stabilises at 12 % of GDP As of end-June, Russia’s National Welfare Fund, which holds surplus oil & gas revenues, was worth about 187.6 billion USD or 11.7 % of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021