85 % of China’s energy needs still met with fossil fuels
China 85 % of China’s energy needs still met with fossil fuels China is by far the world’s biggest primary energy consumer. The latest figures from British Petroleum show that in 2018 China use...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
United States moves ahead on dismantling sanctions on aluminium giant Rusal
Russia United States moves ahead on dismantling sanctions on aluminium giant Rusal The US treasury department notified Congress on December 19 of its intent to lift sanctions on the energy company E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
State gives small income hikes and tiny tax reliefs to Russians
Russia State gives small income hikes and tiny tax reliefs to Russians Wages and pensions paid out of government budgets at various levels fell sharply in real terms in 2014–16 on small nominal cost...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian budget revenues expected to rise on favourable economic forecast and planned tax hikes
Russian budget revenues expected to rise on favourable economic forecast and planned tax hikes The finance ministry expects consolidated budget revenues to rise slightly faster than inflation in comi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
Contraction of Russian economy accelerated in September
Russia Contraction of Russian economy accelerated in September Preliminary figures from the economic development ministry show Russian GDP contracted by 5 % y-o-y in September, a slightly highe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
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
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
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 economic decline started to slow in June
Russia Russian economic decline started to slow in June The economy ministry estimates that the 12-month drop in GDP was no longer more grave than 6.5 % from June 2019, following the roughly 11...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
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
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
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
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
No changes expected in Russian corporate taxation in coming years
No changes expected in Russian corporate taxation in coming years Last week, finance minister Anton Siluanov presented his ministry’s proposed tax policy framework for 2016–2018. He promised that the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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 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