Crude oil prices rise above $50 a barrel
Crude oil prices rise above $50 a barrel With a pandemic wiping away demand, the price of crude oil last spring collapsed to unprecedented lows. The price of e.g. Brent crude stabilised at around $40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economy continued to recover in July
Russia Russian economy continued to recover in July The covid-19 pandemic hit Russia hard this spring, but the impacts were uneven. It now appears that even most of hard-hit sectors are beginning to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR issues monetary policy guidelines for 2020−2022
Russia CBR issues monetary policy guidelines for 2020−2022 Maintaining price stability will remain the top monetary policy priority for the Central Bank of Russia in coming years. This means, in pra...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT’s latest forecast sees Russian economic growth falling to 1 % this year
Russia BOFIT’s latest forecast sees Russian economic growth falling to 1 % this year The acceleration of Russian economic growth to 2.3 % last year was largely driven by transient factors....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
The third unit of the natural gas liquefaction plant in Yamal went into operation in November
Russia The third unit of the natural gas liquefaction plant in Yamal went into operation in November The plant is located on the coast of the Arctic Ocean. It brought its first unit, or train, on st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Improved Russian federal budget performance; deficit shrinks
Russia Improved Russian federal budget performance; deficit shrinks 2017fourth-quarter budget revenues were again up significantly from 4Q16 (not including funds received in 4Q16 from the sale of a ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
State enterprises and the state may generate around 40 % of Russian GDP
Russia State enterprises and the state may generate around 40 % of Russian GDP Rosstat reports that in recent years 11–12 % of revenues of all firms and organisations (excluding funding received fro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian federal budget revenues continue to deteriorate
Russia Russian federal budget revenues continue to deteriorate Nominal revenues to the federal budget in June were up by a meagre 1.5 % y-o-y. This translates to a very large drop in real terms...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Mixed signals on direction of Russian economy
Mixed signals on direction of Russian economy The slide in domestic demand continued in October as seasonally adjusted retail sales, reflecting private consumption which is the largest demand compone...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign trade remains very weak
Russian foreign trade remains very weak The value of Russian goods exports in the third quarter was down nearly 40 % y-o-y in dollar terms and about 25 % in euro terms. Low export prices were largely...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian GDP grew by just 0.6 % last year
Russian GDP grew by just 0.6 % last year 2014 saw a marked slowdown in the pace of economic growth last year from 1.3 % in 2013. Private consumer spending was the main factor supporting growth, but a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Moscow stock prices tanked last year
Moscow stock prices tanked last year The Moscow Exchange’s RTS index fell 43 % last year from a high of 1,388 points to 791 points. The steepest drop came in December on the sharp drop in crude oil p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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
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
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
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
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