Sharp second-quarter contraction in Russian GDP
Russia Sharp second-quarter contraction in Russian GDP Preliminary Rosstat data show the country’s GDP fell by 8.5 % y‑o‑y in the second quarter of 2020. The drop was slightly less than many fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Few surprises in Putin’s state-of-the-nation address
Few surprises in Putin’s state-of-the-nation address President Putin delivered his annual state-of-the-nation address last week at the Kremlin to a packed audience of Duma deputies, Federation Counci...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Oil & gas sector still dominates Russian business
Oil & gas sector still dominates Russian business The Russian business weekly Expert finds that firms operating in the oil & gas sector continued to dominate in its annual list of Russia’s 40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Latest BOFIT forecast sees Russian economy contracting by 4 % this year and imports falling by 25 %
Russia Latest BOFIT forecast sees Russian economy contracting by 4 % this year and imports falling by 25 % While Ukraine bears the heaviest humanitarian and economic losses from Russia’s b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Number of confirmed covid-19 cases continues to grow; only moderate tightening of restrictions
Russia Number of confirmed covid-19 cases continues to grow; only moderate tightening of restrictions The daily number of new confirmed cases of covid-19 in Russia has exceeded 25,000 for the past t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian oil fund’s assets doubled last year
Russia Russian oil fund’s assets doubled last year Higher oil prices and a stabilizing economy have created the conditions for replenishing Russia’s National Welfare Fund (NWF) with oil & gas ea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Nord Stream 2 gas pipeline construction continues; EU reaches preliminary agreement on gas directive changes
Russia Nord Stream 2 gas pipeline construction continues; EU reaches preliminary agreement on gas directive changes The first Nord Stream natural gas pipeline was completed in 2012. The Nord Stream ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade
Russia,China Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade Last Tuesday (Nov. 9), the Bank of Finland Institute fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Industrial output in Russian regions rises, while consumption gradually recovers
Russia,economy Industrial output in Russian regions rises, while consumption gradually recovers Industrial output growth continuedin the first half of this year in all of Russia's eight federal ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR keeps its key rate at a record high 20 % level
Russia CBR keeps its key rate at a record high 20 % level At its scheduled meeting on March 18, the Central Bank of Russia’s board decided to keep the key rate unchanged at the unprecedented le...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports
Russia Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports The latest batch of forecasts released in April and May see the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
LNG drives growth in Russian natural gas production
Russia LNG drives growth in Russian natural gas production The volume of Russian natural gas production (excluding “associated” gas from oil wells) grew by 3 % to the highest output ever – almo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Russian oil fund topped up with last year's oil revenues
Russia Russian oil fund topped up with last year's oil revenues In June, the National Welfare Fund received a 900-billion-ruble boost (14 billion USD) from oil income saved last year, i.e. budge...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
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
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
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