China increased its share of EU foreign trade in 2015
China increased its share of EU foreign trade in 2015 The EU28’s goods imports from China last year rose 16 % y o y to €350 billion. The value of total non-EU goods imports increased 2 %. The value o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR lowers key rate; announces around 4 % inflation target for coming years
Russia CBR lowers key rate; announces around 4 % inflation target for coming years CBR lowers key rate; announces around 4 % inflation target for coming years At its regular monetary policy meeting...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR to buy forex on the market for the finance ministry
CBR to buy forex on the market for the finance ministry The finance ministry announced that the background is refraining from using extra oil & gas tax revenues (i.e. income that results from Ura...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Geopolitical concerns weigh on ruble exchange rate
Russia Geopolitical concerns weigh on ruble exchange rate The price of Urals-grade crude oil almost touched the $70 mark in early March, but has since settled back to near the $60 level. Since Novem...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Duma and Federation Council approve federal budget and state social fund budgets
Duma and Federation Council approve federal budget and state social fund budgets Russia's lower and upper houses of parliament accepted the government's proposals for 2017–2019 federal budget...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Recent studies examine transport projects in Central Asia
Russia Recent studies examine transport projects in Central Asia A recent report from the OECD’s International Transport Forum (ITF) examines the potential for countries in Central Asia to beco...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian budget surplus expected to shrink in the next few years
Russia Russian budget surplus expected to shrink in the next few years The consolidated budget forecast released in April sees budget revenues increasing this year at about 3 % p.a. and at arou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Higher oil prices boost surplus of Russian federal budget
Russia Higher oil prices boost surplus of Russian federal budget 2018 budget revenues were up 29 % last year. Much of the gain came from higher revenues from oil & gas taxes, which saw a bo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Bloomberg Barclays index to include Chinese government and policy bank debt securities
China Bloomberg Barclays index to include Chinese government and policy bank debt securities On April 1, Bloomberg Barclays added yuan-denominated bonds issued in mainland China to its Global Aggreg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian government submits proposals to the Duma on raising the retirement age and VAT hike
Russia Russian government submits proposals to the Duma on raising the retirement age and VAT hike Last week the government finally agreed on a long-discussed move to raise the retirement age. As pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Tough November for China’s economy as covid situation worsens and export demand evaporates
China Tough November for China’s economy as covid situation worsens and export demand evaporates China’s declining retail sales, a proxy for consumption demand, highlight the impacts of the latest w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian government limits the fall of household incomes with social assistance and higher wages
Russia Russian government limits the fall of household incomes with social assistance and higher wages Real household incomes fell by over 8 % y-o-y in the second quarter. In the third quarter,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian state reduces stake in diamond giant Alrosa
Russian state reduces stake in diamond giant Alrosa In a secondary public offering (SPO), the government sold off mostly to Russian and European investors a 10.9 % stake in the diamond company. Afte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian pensioners get one-time payment and a return to inflation-indexed pensions
Russian pensioners get one-time payment and a return to inflation-indexed pensions The government announced last week that every pensioner will receive a one-time payment of 5,000 rubles (about €70) ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian manufacturing on the road to recovery, while extractive industries remain in a deep slump
Russia Russian manufacturing on the road to recovery, while extractive industries remain in a deep slump Industrial output was in June down almost as much in on-year terms as in May, with the output...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Foreign debt of Russian banks and companies shrank last year, repayments ahead
Foreign debt of Russian banks and companies shrank last year, repayments ahead The largest drop in foreign debt occurred in the second half of the year, and at year’s end the debt stood at $548 billi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian firms borrow modestly
Russian firms borrow modestly Russia’s troubled economy and financial market sanctions have contributed to a collapse this year in the issued volume of international corporate bonds and syndicated lo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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 government receives abundant excess oil revenues
Russia Russian government receives abundant excess oil revenues Revenuesto the federal budget continued to climb up rapidly in the first quarter of this year, rising by well over 10 % from a year ea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economic growth remained moderate in October
Russia Russian economic growth remained moderate in October Russian manufacturing growth in October accelerated to above 3.5 % y-o-y (growth averaged just over 2 % in the first nine months...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019