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
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
Change in the law pushes millions of Russians into Mir payment cards
Change in the law pushes millions of Russians into Mir payment cards At the start of the week, president Putin signed legislative amendments, whereby wages paid from government budgets and many socia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter Russian third-quarter GDP was up by 4.3 % y-o-y and up by 0.6 % from two years previo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Continued low growth forecast for Russian economy this year
Russia Continued low growth forecast for Russian economy this year Major forecasts for Russian GDP growth this year run around 1.5 % p.a. The low pace of growth roughly matches that of realised...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian government releases new guidelines for national projects
Russia Russian government releases new guidelines for national projects As part of his inaugural decrees in May 2018, president Putin set forth twelve national priority areas and a handful of infras...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Lower growth in Russian construction activity
Russia Lower growth in Russian construction activity According to Rosstat, annual real growth in construction activity in 2018 was still 5.3 %. This year, growth has been non-existent. The volu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Growth in Russian industrial output revived in February
Russia Growth in Russian industrial output revived in February Industrial output growth rose to 2.6 % y-o-y in January-February. The figure moved up towards the growth figure for all of 2018. E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Only minor changes in value of China’s currency reserves since 2016
China Only minor changes in value of China’s currency reserves since 2016 At the end of January, the value of the People’s Band of China’s total official foreign reserve assets was 3.186 trillion do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy’s growth rate accelerated in 2018
Russia Russian economy’s growth rate accelerated in 2018 Rosstat’s first GDP growth estimate for all of 2018, released on Monday (Feb. 4), surprised both Russian and foreign analysts. Rosstat estima...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR leaves key rate unchanged
CBR leaves key rate unchanged The Central Bank of Russia’s regular board meeting on December 16 decided to keep the key rate at 10 %, where it has remained since September. As of end-November, 12-mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR leaves key rate unchanged
CBR leaves key rate unchanged On October 28, the board of the Central Bank of Russia decided to keep its key rate at 10 %, where it has been since September 19. The CBR reiterated that no further rat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Declining ruble exchange rate has sharply lowered external value of wages in all branches
Declining ruble exchange rate has sharply lowered external value of wages in all branches The average monthly Russian wage between April 2015 and March 2016 was €500. In manufacturing, it was about €...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian central bank lowers key interest rate
Russian central bank lowers key interest rate At its monthly meeting last Friday (June 10), the Central Bank of Russia’s board of directors voted to lower the key rate by 50 basis points to 10.5 %. T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Further tightening of Russian regional budgets
Further tightening of Russian regional budgets Nominal regional budget revenues in January-July 2016 were unchanged from January-July 2015. Transfers from the federal budget to regional budgets fell ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Lower oil prices hurting values of ruble and other CIS currencies
Lower oil prices hurting values of ruble and other CIS currencies At end-December, ruble hit new lows for the year pulled by declining oil prices. The ruble has renewed its slide in recent days as oi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Forecasters see the Russian economy contracting slightly in 2016
Forecasters see the Russian economy contracting slightly in 2016 Recent economic forecasts, with the exception of the brighter projection of Russia’s economy ministry, see GDP contracting about a hal...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian central bank keeps rates unchanged
Russian central bank keeps rates unchanged The Central Bank of Russia last week decided to keep its key rate at 11 %, a level held since the start of August. The CBR noted that, while inflation risks...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Government wants to increase competition but also restrictions on public sector procurements
Government wants to increase competition but also restrictions on public sector procurements A recent economy ministry report notes that there is still plenty of room for increasing competition and t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015