Immediate impacts of US election results on the Russian economy appear minimal
Immediate impacts of US election results on the Russian economy appear minimal The immediate fallout from announcement on Wednesday (Nov. 9) morning of Republican presidential candidate Donald J. Tru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s competitiveness unchanged relative to other countries
China’s competitiveness unchanged relative to other countries The World Economic Forum (WEF) Global Competitiveness Index (GCI) rankings of 140 countries put China this year in 28th place. China has ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Little overall change in foreign debt of Russian firms and banks
Little overall change in foreign debt of Russian firms and banks The debts have gradually subsided since summer 2014, when foreign financial sanctions were imposed. The reduction tapered off in the f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
New calculation of statistics increases size of Russian economy
New calculation of statistics increases size of Russian economy Applying international accounting standards of 1993 and 2008 for calculating GDP, Rosstat has adjusted Russia’s 2014 GDP measured in ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian firms suffering major profitability drops this year
Russia Russian firms suffering major profitability drops this year Rosstat figures show that the net profit of the corporate sector, i.e. combined profits and losses of Russian firms, fell by half i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Tight budgets and uncertainty currently dominate Russian economic policy
Tight budgets and uncertainty currently dominate Russian economic policy Persistent low oil prices and the weak economy have forced Russian policymakers to balance between budget cuts and stimulus me...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian central bank again passes on rate change
Russian central bank again passes on rate change The Central Bank of Russia’s key rate has remained at 11 % for over four months now. In its decision to leave rates untouched the CBR emphasized that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ukraine gets new 18-month IMF loan
Russia,Ukraine Ukraine gets new 18-month IMF loan The IMF’s executive board signed off on a new Stand-By Arrangement (SBA) for Ukraine last week. The programme runs for 18 months, allowing Ukraine t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Rosstat reports Russian GDP up 1.3 % in 2019; revises figures for previous years
Russia Rosstat reports Russian GDP up 1.3 % in 2019; revises figures for previous years Last year, Russian GDP grew at its slowest pace in three years as growth averaged slightly over 2 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian federal budget produces strong first half surplus
Russia Russian federal budget produces strong first half surplus Budget revenues in the first half of 2019 climbed 10 % y-o-y in nominal rubles, even when the high pace of growth that boosted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Recovery in Russian fixed investment continued in 2018
Russia Recovery in Russian fixed investment continued in 2018 Fixed investment rose by 4.3 % last year (4.8 % in 2017, with Rosstat’s latest round of revision raising the figure a bit). The level of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
American sanctions affecting Russian firms
Russia American sanctions affecting Russian firms The latest round of sanctions announced by the US Treasury Department on April 6 have significantly impacted targeted Russian firms, most notably on...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economy showing more signs of recovery
Russia Russian economy showing more signs of recovery Russian economy showing more signs of recovery Following a weak spell in June and July, Rosstat reports that seasonally and workday-adjusted in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Moscow launches ambitious housing programme
Russia,economy Moscow launches ambitious housing programme At the beginning of August, Moscow mayor Sergei Sobyanin confirmed the list of apartment buildings to be included under an ambitious progra...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian economy gradually recovers
Russia Russian economy gradually recovers Russian economy gradually recovers After rising throughout the spring, seasonally and workday-adjusted industrial output contracted slightly in June. In on...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian ruble continues to strengthen
Russian ruble continues to strengthen The ruble has appreciated this year about 8 % against the US dollar and 5 % against the euro. The ruble has been supported by strong trade surplus and increased ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian central bank and economy ministry expect sluggish recovery in coming years
Russian central bank and economy ministry expect sluggish recovery in coming years The latest forecasts of the CBR and economy ministry both see Russian GDP increasing by 1–2 % a year during 2017–202...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government revenues and spending continued to decline in real terms last year
Russian government revenues and spending continued to decline in real terms last year The consolidated budget, which combines federal, regional and local budgets, and state social funds, showed a sli...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR holds key rate unchanged; policy outlook slightly adjusted
CBR holds key rate unchanged; policy outlook slightly adjusted At its regular meeting, the board of the Central Bank of Russia last Friday (Feb. 3) decided to keep the key rate at 10 %, the level it ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian industrial output increased, consumption still falling
Russian industrial output increased, consumption still falling November seasonally and workday-adjusted industrial output increased substantially from October. Revised Rosstat figures show that indus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016