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
Russian population in decline
Russian population in decline At the end of last year, Russia has 146.2 million people living permanently in the country. Excluding the population living in Crimea, illegally annexed in 2014, Russia’...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian GDP contracted by 3 % last year; domestic demand revived in second half
Russia Russian GDP contracted by 3 % last year; domestic demand revived in second half Rosstat released revisions of Russia’s national accounts at the beginning of this month. While its earlier...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Oil price collapse drives down ruble and Russian stock markets
Russia Oil price collapse drives down ruble and Russian stock markets The slow decline in oil prices seen in the first two months of this year accelerated at the end of last week. On Monday (Mar. 9)...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Latest BOFIT forecast sees further contraction of Russian GDP and imports this year, with slow recovery thereafter
Latest BOFIT forecast sees further contraction of Russian GDP and imports this year, with slow recovery thereafter The Russian economy slowed for the third consecutive year with growth coming nearly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Large disparities in Russian regional economic development
Large disparities in Russian regional economic development Apart from the Siberia and Far East federal districts, manufacturing output has risen over the past 3−4 years continuously in Russia’s other...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT forecast sees lower growth of Russian economy ahead
Russia,forecast BOFIT forecast sees lower growth of Russian economy ahead While Rosstat’s 2.3 % initial estimate for Russian 2018 GDP growth clearly exceeded expectations, our latest BOFIT Fore...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
State banks dominate Russian banking sector
Russia State banks dominate Russian banking sector A total of 499 banks operated in Russia at the end of October. Despite the high number of bank businesses, the banking sector is highly concentrate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR kept key rate unchanged and released updated economic forecast
Russia CBR kept key rate unchanged and released updated economic forecast October 28, the Central Bank of Russia decided to keep its key rate at 7.5 %. Most analysts expected the decision as th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
BOFIT sees Russian economy continuing moderate growth in coming years
Russia,forecast BOFIT sees Russian economy continuing moderate growth in coming years Lifted by higher oil prices, Russian GDP has returned to positive growth this year as anticipated. BOFIT's l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
B&N Bank now under CBR administration
Russia B&N Bank now under CBR administration B&N Bank now under CBR administration On Thursday (Sept. 21), the Central Bank of Russia announced it would become the largest shareholder in tr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR raises again key rate as inflation climbs; releases updated growth forecast
Russia CBR raises again key rate as inflation climbs; releases updated growth forecast On October 22, the Central Bank of Russia raised its key rate by 75 basis points, surpassing market analyst exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Center for Strategic Research report finds little progress in economic reforms
Center for Strategic Research report finds little progress in economic reforms A new report from the Center for Strategic Research (CSR), which is headed by Russia’s former finance minister Alexei Ku...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
National Welfare Fund assets invested in yuan-denominated debt securities
Russia National Welfare Fund assets invested in yuan-denominated debt securities At the beginning of March, the value of Russia’s National Welfare Fund (NWF) stood at $183 billion, or almost 12 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New Russian government to focus on social issues and national projects
Russia New Russian government to focus on social issues and national projects Russia’s new cabinet is led by prime minister Mikhail Mishustin, former director of the Federal Tax Service. Anton Silua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Ruble remains weak
Ruble remains weak While the ruble has recovered slightly from the low it reached at end-August on a slight rise in oil prices and fading capital outflows from Russia, the ruble-dollar rate has in pa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Views of Russian authorities differ slightly on outlooks for the economy’s recovery; oil prices and the ruble slide
Views of Russian authorities differ slightly on outlooks for the economy’s recovery; oil prices and the ruble slide Several official authorities in Russia last spring proclaimed the worst of Russia’...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government considers ways to assure reasonable access to medicines
Russian government considers ways to assure reasonable access to medicines About 70 % of the medicines used in Russia are produced abroad, and even a large part of domestically produced pharmaceutic...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
2014 exposed major weaknesses in the Russian economy
2014 exposed major weaknesses in the Russian economy Former finance minister Alexei Kudrin notes that the basic reason for the slowdown of the Russian economy since 2011 is the peculiar economic mode...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year
Russia No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year Despite facing a deep recession, Russia’s leaders have so far not moved v...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022