Oil revenues continue increasing for the Russian government
Russia Oil revenues continue increasing for the Russian government The second-quarter rise in federal budget revenues was so substantial that first-half revenues were up by over 20 % y-o-y. Most of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Revised Rosstat figures give a significantly brighter view of recent industrial output growth
Russia Revised Rosstat figures give a significantly brighter view of recent industrial output growth Revised 2016–17 data show that Russian industrial output, rather than the 2.3 % reported earlier,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian government places two Eurobond issues
Russian government places two Eurobond issues Last week the finance ministry placed 11-year and 30-year Eurobond issues worth a total of 4 billion dollars. The 11-year bond carries an initial yield o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian first-quarter GDP contracted by 2 % on year
#russia Russian first-quarter GDP contracted by 2 % on year Rosstat’s preliminary estimate suggests that Russian GDP contracted by 2 % y-o-y during the January-March period. The rate of contrac...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russians moving to mobile banking
Russians moving to mobile banking With a shrinking number of local bank branch offices and fewer ATMs, households are turning to netbanking services. A recent Central Bank of Russia survey found that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Ruble strengthening returns
Ruble strengthening returns After a couple of months of weakening, the ruble’s exchange rate recovered in September and has since remained around 58 rubles to the dollar and 68 to the euro. Rising oi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Wide variations in Russian manufacturing branches last year
Russia Wide variations in Russian manufacturing branches last year Wide variations in Russian manufacturing branches last year Total manufacturing output recovered only slightly last year. After tw...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Recovery of Russian economy moderated in August
Russia Recovery of Russian economy moderated in August The recovery in consumption-driven branches began to fade slightly in August, while primary production supported the overall economy. Although ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year The level of output dipped slightly in March (seasonally adjusted) in nearly all core sectors of the economy. I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
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 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
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
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 government sells Bashneft to Rosneft
Russian government sells Bashneft to Rosneft The state’s 50.08 % stake in the Bashneft oil company has been on this year’s privatization list. Russian government decided this week to sell the stake ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Commercial banks participating in CBR’s digital ruble pilot trial
Russia Commercial banks participating in CBR’s digital ruble pilot trial The Central Bank of Russia only began in earnest to plan the introduction of a digital currency last year, but the basic desi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
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 economic growth remained brisk in October
Russia Russian economic growth remained brisk in October According to Rosstat’s preliminary estimates, GDP grew in the first nine months of the year by 4.6 % y-o-y. The economic development min...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian central bank continues accommodating monetary policy
Russia Russian central bank continues accommodating monetary policy Russian central bank continues accommodating monetary policy At its regular meeting last week, the Central Bank of Russia's b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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