Nearly a fifth of Russian workers classed as working poor
Russia Nearly a fifth of Russian workers classed as working poor Nearly a fifth of Russian workers classed as working poor A new study from the government's Analytical Center finds that roughly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian export earnings and imports continue to recover rapidly, even if the fastest pace has slowed
Russia Russian export earnings and imports continue to recover rapidly, even if the fastest pace has slowed Russian export earnings and imports continue to recover rapidly, even if the fastest pace ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian economic trends seem to have stabilised in July
Russia Russian economic trends seem to have stabilised in July Although retail sales and many branches of manufacturing experienced weaker growth in July, the Russian economy garnered support from o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recovery of Russian government budget revenues has brought rebalance
Russia Recovery of Russian government budget revenues has brought rebalance Recovery of Russian government budget revenues has brought rebalance Rebound of revenues on the consolidated budget (fede...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian bank lending turning to growth
Russian bank lending turning to growth Russian bank lending turning to growth The stock of corporate bank loans has contracted since early 2016, but in recent months the contraction seems to have ha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian central bank again lowers its key rate
Russia Russian central bank again lowers its key rate Last Friday (July 24), the Central Bank of Russia’s board of directors decided to lower the key rate by 25 basis points to 4.25 %. It was t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR now publishes the RUONIA rate
Russia CBR now publishes the RUONIA rate The weighted average interest rate on unsecured overnight interbank ruble loans, or Ruonia (Ruble Overnight Index Average) is a key reference rate for R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR keeps rates unchanged, but adjusts guidance
CBR keeps rates unchanged, but adjusts guidance At its scheduled meeting last Friday (Jan. 29), the Central Bank of Russia’s board decided to leave the key rate unchanged at 11 %, the same level it h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian economy continued to contract in December
Russian economy continued to contract in December Rosstat reports that industrial output and retail sales both continued to slide in December. In annual terms, retail sales were down 15 %, a fall amp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian stock market performance reflects low oil prices and ruble slide
Russian stock market performance reflects low oil prices and ruble slide Russia’s main RTS share index, calculated in dollars, fell 4 % last year on the drop in oil prices and the ruble’s weak exchan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Large Russian private bank Uralsib faces bankruptcy prevention measures
Large Russian private bank Uralsib faces bankruptcy prevention measures Nikolai Tsvetkov, the previous majority owner of Uralsib, this week completed the sale of an 82 % stake to Vladimir Kogan, who ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
First-quarter figures show contraction in Russian foreign trade and net capital outflow
Russia* First-quarter figures show contraction in Russian foreign trade and net capital outflow Preliminary balance- of-payments figures show that the value of Russian exports of goods and services ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian president holds annual state-of-the-nation address; government resigns unexpectedly thereafter
Russia Russian president holds annual state-of-the-nation address; government resigns unexpectedly thereafter On Wednesday (Jan. 15), president Vladimir Putin delivered his annual state-of-the-natio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economic growth driven almost exclusively by private consumption
Russia Russian economic growth driven almost exclusively by private consumption Newly released Rosstat figures show that the slowdown in GDP growth to just 0.5 % y-o-y in the first quarter was due t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian president tours East Asia
Russia Russian president tours East Asia On April 25, Vladimir Putin hosted North Korea’s leader Kim Jong-un in Vladivostok. He then continued to Beijing to participate in the Belt and Road Forum wh...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Credit rating agency Moody’s upgrades Russian sovereign debt
Russia Credit rating agency Moody’s upgrades Russian sovereign debt On February 8, Moody’s upgraded Russia’s credit rating score by a notch from Ba1 to Baa3, its tenth-best rating score. Bonds in th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR raises key rate and announces resumption of the fiscal-rule forex buying in January
Russia CBR raises key rate and announces resumption of the fiscal-rule forex buying in January The Central Bank of Russia decided to raise the key rate by 25 basis points to 7.75 %. The increas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Robust increase in Russian government revenues, substantial budget surpluses
Russia Robust increase in Russian government revenues, substantial budget surpluses Revenues to the consolidated budget (federal, regional and local budgets, plus government social funds) in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR leaves rates unchanged
CBR leaves rates unchanged As the markets expected, the Central Bank of Russia suspended systematic rate cuts at last week’s meeting, leaving the key rate at 11 %. Having cut at every meeting since t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Output down in most manufacturing branches
Output down in most manufacturing branches In the second quarter of this year, manufacturing output was down over 7 % y-o-y, a distinct deepening from the start of the year. Lower fixed capital inve...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015