CBR takes over Promsvyazbank
Russia CBR takes over Promsvyazbank CBR takes over Promsvyazbank Last Friday (Dec. 15), the CBR announced it would start measures to prevent the bankruptcy of Promsvyazbank, the country's ninth...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government spending on investment rose sharply during the war, mixed performance in other investment
#Russia Russian government spending on investment rose sharply during the war, mixed performance in other investment Fixed investment in Russia has recovered and grown briskly since the recession in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russian inflation hits historical lows
Russia Russian inflation hits historical lows Russian inflation hits historical lows Consumer prices rose by 3 % y-o-y in September, which was Russia's smallest on-year increase in inflation in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian GDP falls, but trends vary widely across individual sectors
Russia Russian GDP falls, but trends vary widely across individual sectors Recently revised Rosstat figures show that Russian GDP fell by 4.1 % y-o-y in the second quarter. The estimate for fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Ruble continues to weaken despite higher oil prices
Russia Ruble continues to weaken despite higher oil prices The world-market price of Urals-grade crude oil has soared in recent weeks, breaking the $90-a-barrel barrier in late January. Oil prices h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Growth of housing production slowed
Growth of housing production slowed Housing construction contracted slightly last year. Rosstat reports that the total volume of new apartments completed in Russia last year amounted to 84 million m&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s arms exports grow rapidly
China’s arms exports grow rapidly According to the new data by the Stockholm International Peace Research Institute (SIPRI), China has established itself as the world’s third-largest arms exporter, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
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
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
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
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
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
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
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
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
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
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