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
Russian expenditure on travel services abroad grew slightly last year
Russia Russian expenditure on travel services abroad grew slightly last year The Central Bank of Russia reports that Russians last year spent 34 billion dollars on travel services abroad, a 9&#...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian inflation accelerates slightly in January
Russia Russian inflation accelerates slightly in January Consumer price inflation rose 5.0 % y-o-y in January. In particular, higher food prices since last summer appear to driving inflation. R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Dry summer reduces Russian harvest
Russia Dry summer reduces Russian harvest Data from the beginning of November show Russia’s grain harvest this year was about 15 % smaller than last year. Last year’s harvest, however, was exce...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR’s monetary policy programme for 2019−21 sees good bank liquidity ahead
Russia CBR’s monetary policy programme for 2019−21 sees good bank liquidity ahead The Central Bank of Russia notes that its operative monetary policy goal is to hold interbank money market overnight...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Duma elections produce few surprises
Duma elections produce few surprises Russians went to the polls last Sunday (Sept. 18) to vote for lower-house Duma representatives. As expected, the party of power United Russia dominated, taking 54...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR registers new national credit-rating agency ACRA
CBR registers new national credit-rating agency ACRA Under Russia’s credit-rating companies act of June 2015, all credit-rating agencies giving national ratings must register with the CBR by January...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian firms seek financing from China
Russian firms seek financing from China In response to sanctions imposed on Russia by Western countries that have limited access to financing, Russian firms have stepped up talks with the Chinese to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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 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
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
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
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
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
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
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
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
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
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