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 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
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
President Tokayev consolidates power in Kazakhstan
Russia President Tokayev consolidates power in Kazakhstan Rising fuels prices at the beginning of January ignited a wave of protests across Kazakhstan. To bring the violent protests under control, P...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian GDP growth remains positive
Russian GDP growth remains positive Rosstat's first estimate shows 0.5 % y-o-y GDP growth in the first quarter. The growth pace supports earlier reports from the economy ministry and central bank...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Slight reduction in foreign debt of Russian banks and other firms
Slight reduction in foreign debt of Russian banks and other firms Preliminary CBR figures show companies and banks in Russia (Russian and foreign-owned) owed $470 billion (€446 billion) in foreign de...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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 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
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
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
Tourism accounts for nearly half of Russian services imports
Tourism accounts for nearly half of Russian services imports Services imports to Russia in 2014 were $121 billion or €91 billion (28 % of total imports). The EU provided 46 % of services imports, AP...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Loan stock growth stalls for Russian banking sector
Loan stock growth stalls for Russian banking sector The stocks of both corporate loans and loans granted to households contracted in the first four months of this year. SMEs, in particular, found it...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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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
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
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