Russian fixed investment bounces back after the Covid Recession
Russia Russian fixed investment bounces back after the Covid Recession Demand-side figures in Rosstat’s national accounts show a strong rebound in seasonally adjusted growth in fixed investment in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR raises key rate again; monetary policy guidelines for 2022–2024 announced
Russia CBR raises key rate again; monetary policy guidelines for 2022–2024 announced On September 10, the Central Bank of Russia decided to raise the key rate by 25 basis points. The key rate now st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
CBR lowers key rate for fourth time this year
CBR lowers key rate for fourth time this year The Central Bank of Russia lowered its key interest rate one percentage point on Tuesday (June 16) to 11.5 %. The CBR said the rate cut was justified in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble rate and oil prices weaker after strong performance early in the year
Russia Ruble rate and oil prices weaker after strong performance early in the year The ruble’s exchange rate and oil prices strengthened in the early part of 2019. While both have been on a downward...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Moderate rise in Russian government spending
Russia Moderate rise in Russian government spending Revenues to Russia’s consolidated budget (federal, regional and municipal budgets plus state social funds) in the first half of this year were up ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
India set to surpass China as the world’s most populous country around 2027
China India set to surpass China as the world’s most populous country around 2027 The UN’s new population outlook, World Population Prospects 2019, released last month expects the global population ...
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
Russian unemployment falls and wages continue to rise; real incomes contracted in August-September
Russia Russian unemployment falls and wages continue to rise; real incomes contracted in August-September Using the methodology of the International Labour Organization (ILO), Russia’s unemployment ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian investments focused increasingly on oil & gas last year
Russia Russian investments focused increasingly on oil & gas last year Russian investments focused increasingly on oil & gas last year After years of contraction, Russia's total fixed i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
The big push of Finnish firms to invest in their Chinese affiliates came in 2015
The big push of Finnish firms to invest in their Chinese affiliates came in 2015 Statistics Finland figures for 2015 show that the affiliates of Finnish firms in China for the first time made China F...
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
China establishes itself as major arms exporter and importer
China establishes itself as major arms exporter and importer A report published last month by the Stockholm International Peace Research Institute (SIPRI) finds that the volume of international arms ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Procurements of public sector and state-owned enterprises in 2016 exceeded 30 % of Russian GDP
Procurements of public sector and state-owned enterprises in 2016 exceeded 30 % of Russian GDP Theeconomy ministry reports that public procurements in Russia last year were valued at 5.3 trillion rub...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Increase in profits of Russian firms supports capital flows abroad and to banks
Increase in profits of Russian firms supports capital flows abroad and to banks Despite a recessionary economy, profits of Russian companies were up again in January-May relative e.g. to companies’ b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ruble strengthening on higher oil prices
Ruble strengthening on higher oil prices This week the ruble-dollar exchange rate hovered around 66 RUB, while the euro-ruble rate held around 74 RUB. The ruble has appreciated more than 20 % against...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016