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
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
Another cut in the key rate from the CBR
Russia Another cut in the key rate from the CBR At its final interest-rate meeting of the year, the CBR board decided to keep easing monetary policy and cut the key rate by 50 basis points. Since la...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
Recovery in Russian output stalls
Russia Recovery in Russian output stalls The Russian economy performed poorly in October. After already contracting for a couple of previous months, workday- and seasonally-adjusted industrial outpu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
Weak performance of the agricultural sector dragged down Ukraine’s economic growth last year
Ukraine,economy,BOFIT Weekly Review Weak performance of the agricultural sector dragged down Ukraine’s economic growth last year Ukraine’s GDP growth slowed more than expected in 2024. The State Sta...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
New sanctions on Belarus foreign trade
Russia New sanctions on Belarus foreign trade Last week marked the first anniversary of the disputed Belarus presidential election. In the interim, the Belarus government has committed extensive hum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Growth returns to Russian goods trade
Growth returns to Russian goods trade Fourth-quarter goods imports were up 9 % y-o-y in value terms. Growth was seen in all largest product categories, with highest growth posted for imports of machi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
No revisiting of Russian budget in Duma spring session
No revisiting of Russian budget in Duma spring session Prime minister Dmitri Medvedev announced in his annual speech to the lower-house Duma that the government has no plans to modify this year’s fed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian goods export growth lost momentum in the third quarter; import growth flat
Russian goods export growth lost momentum in the third quarter; import growth flat The value of Russian goods exports approached historic highs in the third quarter of this year. The value of total e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR continued to tighten monetary policy in July
Russia CBR continued to tighten monetary policy in July At its July meeting, the Central Bank of Russia raised the benchmark key rate by 100 basis points to 6.5 %. With Russian consumer prices ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Putin issues decree to speed up construction of Power of Siberia pipeline
Putin issues decree to speed up construction of Power of Siberia pipeline It was hoped that president Putin’s state visit to Beijing last week would give a boost to China-Russia economic relations, b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign trade contracted sharply in the fourth quarter
Russian foreign trade contracted sharply in the fourth quarter Russian customs reports the value of goods exports and imports in the fourth quarter of 2014 were down nearly 20 % y-o-y, and that in De...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government approves economic support programme
Russian government approves economic support programme The aims of the programme adopted last week include stabilising Russia’s economic conditions, supporting import substitution as well as improvin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian federal budget revenues and expenditures rise; inflation undermines purchasing power
Russia Russian federal budget revenues and expenditures rise; inflation undermines purchasing power Nominal revenues to the federal budget were up by 35 % y-o-y in the first quarter, and were s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund The Central Bank of Russia’s latest monetary policy programme keeps in place almost all the outcome of its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian households cut back on spending, durable goods most affected
Russia Russian households cut back on spending, durable goods most affected Household spending on goods and services fell by 7 % y-o-y in real terms in the second and third quarters. Household ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022