Russian firms give low marks to government agencies with respect to business environment improvement
Russia Russian firms give low marks to government agencies with respect to business environment improvement Problems in public administration present a long-standing barrier to improving the busines...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New OPEC+ agreement on oil production ceilings fails to calm markets
Russia* New OPEC+ agreement on oil production ceilings fails to calm markets At a meeting on Monday (Apr. 12) of the OPEC+ group of oil-producing countries (led by Saudi Arabia and Russia), the part...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Kazakhstan’s acting president Tokayev wins presidential election
Russia Kazakhstan’s acting president Tokayev wins presidential election The tallied results from the presidential elections held last Sunday (June 9) show Kassym-Jomart Tokayev garnered 71 % of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
OPEC+ keeps production ceilings in place
Russia OPEC+ keeps production ceilings in place At the start of this week, the so-called OPEC+ league of oil producing countries reached agreement on extending production ceilings of its members by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
In Russian labour markets wages adjust downwards relatively easily
In Russian labour markets wages adjust downwards relatively easily The Centre for Strategic Research, an institute headed by former finance minister Alexei Kudrin, recently released a wide-reaching r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
National Welfare Fund now exceeds 11 % of GDP after transfers of last year’s excess oil and gas tax earnings
National Welfare Fund now exceeds 11 % of GDP after transfers of last year’s excess oil and gas tax earnings On March 19, Russia’s finance ministry reported that it had completed the final transfer o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New sanctions reduce export price of Russian oil
Russia,BOFIT Weekly Review New sanctions reduce export price of Russian oil In late October, the United States placed Russia’s two largest oil producers, state-owned Rosneft and privately-held Lukoi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian services trade grew last year
Russia Russian services trade grew last year The Central Bank of Russia reports that services exports last year rose by 12 % and service imports by 7 %. Thanks to some extent to the FIFA World Cup, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Sluggish growth in Russian foreign trade
Russia Sluggish growth in Russian foreign trade Russian customs reports that Russia’s goods exports, measured in dollar terms, rose a mere 1.4 % y-o-y in the first quarter of this year (they ro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian foreign trade contracts slightly
Russia Russian foreign trade contracts slightly Preliminary balance-of-payments figures released by the Central Bank of Russia show that Russian earnings from exports of goods and services fell in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian central bank further eases monetary policy
Russia Russian central bank further eases monetary policy At an unscheduled meeting on May 26, the Central Bank of Russia decided to lower the key rate by 300 basis points to 11 %. This was a t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Few surprises in Duma election
Russia Few surprises in Duma election On September 17–19, Russian voters went to the polls to select their next set of lower-house Duma deputies. Due to the restrictions keeping opposition candidate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Contraction of Russian GDP continued in the third quarter
Russia Contraction of Russian GDP continued in the third quarter Preliminary Rosstat figures show that Russian GDP contracted by 4 % y-o-y in the July-September period (second quarter contracti...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
WTO panel confirms Russian import duty violations
WTO panel confirms Russian import duty violations A WTO panel last week agreed with the EU’s claim, filed at the end of 2014, that Russia has levied excessive import duties on certain goods. The pane...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finnish-Russian trade continues to shrink
Finnish-Russian trade continues to shrink The value of Finland’s goods exports to Russia fell 11 % y-o-y in the first half of the year to €1.3 billion. The slide in exports slowed in the spring, but ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian exports and imports sink below 2010 levels
Russian exports and imports sink below 2010 levels Preliminary 2015 balance-of-payments figures released by the Central Bank of Russia show that the 2010 level was hit in the third quarter in both r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Revenue boom of Russian federal budget begins to normalise
Russia Revenue boom of Russian federal budget begins to normalise After climbing by nearly 30 % last year in nominal terms, budget revenues rose another 13 % y-o-y in the first quarter of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Modest growth in Russian industrial output continues
Russia Modest growth in Russian industrial output continues The volume of industrial output rose by 2.4 % y-o-y in November. The pace of growth was in line with the industrial output trend of s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Sale of Rosneft stake to CEFC cancelled
Russia Sale of Rosneft stake to CEFC cancelled The deal that was announced last autumn involved the Chinese CEFC's acquisition of a 14 % stake in Rosneft from a consortium of Glencore and the Qa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian fixed investment continue reasonable recovery, with further weight on oil and gas
Russia Russian fixed investment continue reasonable recovery, with further weight on oil and gas The volume of fixed investment in the first quarter, which rose by 3.6 % from the same period last ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018