Russian central bank lowers key rate again
Russian central bank lowers key rate again At its regular meeting on April 28, the Central Bank of Russia Board decided to lower the key rate by 50 basis points to 9.25 %, effective May 2. The CBR ju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Wages in Russian industry recover to pre-recession top levels
Russia,economy Wages in Russian industry recover to pre-recession top levels Between 2014 and mid-2016, wages in Russian industry declined relative to many countries on the ruble's sharp devalua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Increase in area of land classed as Russian arctic – with much less budget funding
Russia,economy Increase in area of land classed as Russian arctic – with much less budget funding At end-June, the northern and northeastern parts of the Karelian Autonomous Republic were recognized...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian federal budget revenues and spending recover, but are still at a low level
Russia Russian federal budget revenues and spending recover, but are still at a low level Russian federal budget revenues and spending recover, but are still at a low level Second-quarter revenues ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Statistical reforms provide improved picture of Russian household spending
Russia Statistical reforms provide improved picture of Russian household spending New figures show that the large contraction in real household incomes of recent years was a little milder than ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian growth in the past couple of years driven largely by extractive sector, trade and public administration
Russia Russian growth in the past couple of years driven largely by extractive sector, trade and public administration New GDP data show that among the largest sectors output of extractive industrie...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian retail sales up overall, but growth has slowed in recent months
Russia Russian retail sales up overall, but growth has slowed in recent months The volume of retail sales last year grew by 2.6 % y-o-y. The pace of growth varied during the year, however, slowing t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rosstat released revised figures for GDP and domestic demand in 2016 and 2017
Russia Rosstat released revised figures for GDP and domestic demand in 2016 and 2017 Rosstat’s revised figures for 2017 GDP released in December slightly increase reported growth from 1.5 % to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economic growth remains sluggish
Russia Russian economic growth remains sluggish GDP growth edged up from 1.3 % y-o-y in the first quarter to 1.8 % in the second quarter. Growth in the entire first half was 1.6 % y-o-y. Industrial ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Proposal on stricter import control for Russian state-owned enterprises
Russia Proposal on stricter import control for Russian state-owned enterprises The proposal is related to an amendment approved at the end of 2017 that will enter into force at the beginning of July...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian household consumption recovers
Russia Russian household consumption recovers Private consumption began to recover last year, increasing in real terms by about 3.5 % y-o-y after declining by a total of 12 % over the previous two y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian foreign trade and capital outflow increased sharply in first quarter
Russian foreign trade and capital outflow increased sharply in first quarter Preliminary balance-of-payment figures from the Central Bank of Russia indicate that the dollar value of Russian goods and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian employment numbers rose, while unpaid leave and part-time work increased
Russian employment numbers rose, while unpaid leave and part-time work increased Despite recession, Rosstat’s employment survey finds the number of people employed declined just modestly in 2015 and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Higher oil prices lift ruble’s exchange rate
Higher oil prices lift ruble’s exchange rate The rising price of Urals-grade crude oil since January has also boosted the ruble’s exchange rate. On Thursday (Apr. 7) the price of Urals crude was $36....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian export earnings and import spending continue to fall
Russian export earnings and import spending continue to fall Preliminary balance-of-payments figures from the Central Bank of Russia show export earnings from goods and services fell by a third in th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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Russian inflation remained moderate
Russia Russian inflation remained moderate February consumer prices were up by 2.3 % y-o-y. Inflation slowed slightly from the January pace of 2.4 %. Much of the drop can be attributed to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Cheap oil hurts ruble
Cheap oil hurts ruble The recent slide in crude oil prices has again affected the Russian ruble’s external value. The price of Urals-grade crude oil has fallen by nearly 25 % since mid-October. Today...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR lowers key rate again
CBR lowers key rate again Effective Monday (Aug. 3), the key rate was lowered a half percentage point to 11 %. The Central Bank of Russia stated that the weak economy justified a further rate cut, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Improved profitability of Russian firms early this year gave support to paying down foreign debt
Improved profitability of Russian firms early this year gave support to paying down foreign debt Even entering recession, corporate sector profits relative to GDP in the early months of this year soa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015