Russian government sector still dealing with austerity
Russian government sector still dealing with austerity Revenues to the federal budget performed weakly in 2016 also in areas other than taxes from oil & gas. Non-oil & gas revenues were up ju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Ruble struggles back from record low
Ruble struggles back from record low The ruble’s exchange rate hit an all-time low January 21 after the price of Urals-grade crude oil fell below $25 a barrel. At bottom, one euro bought 93 rubles an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
US extends sanctions, additional European countries join in certain EU sanctions
US extends sanctions, additional European countries join in certain EU sanctions The United States treasury department announced on July 30 that it was adding certain individuals and entities under ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Official launch of BRICS New Development Bank
Official launch of BRICS New Development Bank All five BRICS countries (Brazil, Russia, India, China and South Africa) are members of the New Development Bank (NDB) with equal capital shares. All me...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Dispute over pension system resolved
Dispute over pension system resolved On April 23, the government declared a resolution to its two-year dispute over the suspension of the “funded component” of the pension system. The funded componen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Information briefings
BOFIT Venäjä-tietoisku BOFIT Kiina-tietoisku BOFIT Venäjä-tietoisku järjestetään vuosittain keväällä. Tietoiskuissa keskustellaan keskeisistä, ...
Bofit.fi / Bofit homepage / Monitoring
CIS countries have had to relax foreign exchange policies in recent years
Russia CIS countries have had to relax foreign exchange policies in recent years CIS countries have had to relax foreign exchange polies in recent years The currencies of countries in the Commonwea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Recovery in Russian export earnings and imports continued in second quarter
Russia Recovery in Russian export earnings and imports continued in second quarter Recovery in Russian export earnings and imports continued in second quarter Balance of payments figures from the C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian youth unemployment near European average
Russian youth unemployment near European average Russia last year had about a million unemployed persons between the ages of 15 and 24. The youth unemployment rate was 16 %, while the overall unemplo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables
Russia Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables The 12-month rise in consumer prices fell from 17.1 % in May to 15.9 % in June. Ove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian economy continued to contract in October
Russia Russian economy continued to contract in October First estimates released by the economic development ministry and Rosstat put the decline in Russian GDP in recent months around 4–5 % y-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Moscow stock indices and oil prices still up for the year
Russia Moscow stock indices and oil prices still up for the year The Moscow Exchange has been lifted this year by a strong updraft from rising oil prices. News of the omicron variant of COVID-19, ho...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Kremlin imposes strict economic targets on regional leaders
Russia Kremlin imposes strict economic targets on regional leaders Under a new rule introduced this spring, regional leaders are now evaluated according to 14 different criteria. The main measures o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian first-quarter economic growth well below expectations
Russia Russian first-quarter economic growth well below expectations Preliminary Rosstat figures show Russian GDP growth in the first three months of the year was just 0.5 % y-o-y, a figure cle...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities
BOFIT conference Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities Call for Papers 9th CInSt Annual Banking Workshop on Banking in Emerging Markets: Challenges a...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
IMF lowers growth forecast for global economy
Russia IMF lowers growth forecast for global economy The latest World Economic Outlook from the International Monetary Fund (IMF) sees growth of the global economy slowing this year to 3 % and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Net exports lifted Russian economic output numbers in the second quarter; domestic demand slack
Russia Net exports lifted Russian economic output numbers in the second quarter; domestic demand slack Russian GDP grew by 1.9 % y-o-y in the second quarter of this year, with seasonally-adjusted GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR hikes key rate again
CBR hikes key rate again On June 11, the Central Bank of Russia (CBR) raised its key rate by 50 basis points to 5.5 %. It was the CBR’s third hike this year for a total increase of 125 basis poi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR raises key rate to 4.5 %
Russia CBR raises key rate to 4.5 % On March 19, the Board of Directors of the Central Bank of Russia decided at their monthly inflation meeting to raise the key rate by 0.25 percentage points ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Signs of growth in Russian goods trade
Russia Signs of growth in Russian goods trade In the April-June period, the value of Russian goods exports was down by 30 % y-o-y, mostly on a drop in export commodity prices. The volume of exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020