Russian industrial output and retail sales continue relatively strong growth in August
Russia Russian industrial output and retail sales continue relatively strong growth in August Industrial output in August rose by 2.7 % from a year earlier, whereas in July it grew by 3.9 %. The lev...
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
Government support keeps banking sector stable in first year of war
#Russia Government support keeps banking sector stable in first year of war In Russia’s bank centric financial markets, bank lending pays a significant role in corporate finance. Given that the sta...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
CBR considers ways to support fixed investment and reduce forex dependency
Russia CBR considers ways to support fixed investment and reduce forex dependency According to the Central Bank of Russia’s recent draft documents on 2023–2025 monetary policy and financial market d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
CBR announced organisational changes to improve banking supervision
CBR announced organisational changes to improve banking supervision In recent years, the Central Bank of Russia has worked determinedly to clean up the banking sector from financial institutions that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies
Russia International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies The IMF’s July World Economic Outlook sees global growth at...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economy continues to recover
Russia Russian economy continues to recover Preliminary figures show Russian GDP contracted by about 1 % in the first quarter of this year. In the fourth quarter of 2020, GDP was still shrinkin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian CBR hikes key rate again
Russia Russian CBR hikes key rate again On April 23, the Central Bank of Russia raised its key rate by 50 basis points to 5 %. In its previous rate hike a month earlier, the CBR raised the key ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian government sector finances improved further last year
Russia Russian government sector finances improved further last year Revenues to the consolidated budget (federal, regional and municipal budgets plus state social funds) increased by about 20 % in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish
Russia Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish The price of Urals-grade crude oil declined by 30 % in October and November, from above 85 dollars a barrel to und...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian defence spending declines, but remains substantial
Russia Russian defence spending declines, but remains substantial Russia's finance ministry reports that government defence spending fell by 25 % in nominal ruble terms last year. The defence sp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian banking sector enjoyed brisk growth last year
Russia Russian banking sector enjoyed brisk growth last year Measured by the final balance sheet total, Russia’s banking sector grew by 12.5 % last year, clearly higher growth than in 2019. Gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
While consumption fell, Russian economic indicators generally point to recovery in November
Russia While consumption fell, Russian economic indicators generally point to recovery in November The economy ministry estimates that Russian GDP contracted by 3.7 % y-o-y in November, i.e. sl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 government support has helped move fixed investment towards recovery, outlook remains unsure
Russia Russian government support has helped move fixed investment towards recovery, outlook remains unsure After shrinking by 7.5 % y-o-y in the second quarter, real fixed investment contracte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Russian domestic demand down over 10 %
Russian domestic demand down over 10 % First-half data on demand-side GDP components confirm the view that private consumption contracted nearly 10 % y-o-y and that fixed investment slid by 8 %. More...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged
Russia Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged Global oil prices continued to slump in the wake of their March 9 collapse. The export price of Urals-grade ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020