China moves slowly to dismantle hukou household registration system
China China moves slowly to dismantle hukou household registration system The National Development and Reform Commission (NDRC) last week announced that this year all cities with populations of 1 to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia last year produced and exported more gas and oil than before
Russia Russia last year produced and exported more gas and oil than before Russia extracted 556 million metric tons of crude oil and associated gas in 2018. Average daily crude production exceeded 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year The level of output dipped slightly in March (seasonally adjusted) in nearly all core sectors of the economy. I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
EBRD continues financing freeze on Russian projects
EBRD continues financing freeze on Russian projects The majority of shareholders in the European Bank for Reconstruction and Development (EBRD) decided in summer 2014 to halt any new projects in Russ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia announces changes in banking supervision and restructuring troubled banks
Russia announces changes in banking supervision and restructuring troubled banks The weeding out of weak players in the banking sector has meant that the amount of support funds needed by Russia'...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian fixed investment bounces back after the Covid Recession
Russia Russian fixed investment bounces back after the Covid Recession Demand-side figures in Rosstat’s national accounts show a strong rebound in seasonally adjusted growth in fixed investment in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Despite this year’s sharp rise in oil prices, ruble sees only marginal appreciation
Russia Despite this year’s sharp rise in oil prices, ruble sees only marginal appreciation The price of Urals-grade crude oil hit $74 a barrel at the end of June, a 45 % increase from the start...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
Foreign firms concerned about China’s new cybersecurity law
Foreign firms concerned about China’s new cybersecurity law China this month approved a new cybersecurity law set to take effect at the beginning of June 2017. Under the new law, firms operating in C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian GDP contracted in the third quarter in annual terms, but growth varied considerably across branches
Russia Russian GDP contracted in the third quarter in annual terms, but growth varied considerably across branches Revised figures for Russian gross domestic product show a 3.4 % y-o-y contract...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Large domestic interest in Russian government bonds
Russia Large domestic interest in Russian government bonds As a consequence of the economic recession caused by the coronavirus pandemic, Russia’s government sector surplus has turned to deficit. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China’s credit expansion creating less and less economic growth
China’s credit expansion creating less and less economic growth Financial circles are increasingly worried about China’s soaring indebtedness in the face of faltering economic growth. China’s credit ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian farm production growing gradually
Russian farm production growing gradually Bans on imports of certain foods and policies favouring domestic producers have had only minor impact on production volumes of domestic farmers. Russian prod...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia has yet to see clear upturn in business cycle
Russia has yet to see clear upturn in business cycle Key economic indicators for June and July failed to show a distinct uptick in the Russian economy, even if positive growth is clearly taking hold ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Oil price down sharply in July, ruble follows
Oil price down sharply in July, ruble follows Global crude oil prices hit their peak this year early in June, when the price of Urals-grade crude approached the $50-a-barrel mark. The oil price has s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian producers feel hints of recovery, though consumption continues to fall
Russian producers feel hints of recovery, though consumption continues to fall Seasonally adjusted industrial output increased 0.3 % in June from May. Industrial output has bobbed up and down this ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia seeks ways to reduce grey pay
Russia seeks ways to reduce grey pay Facing budgetary shortfalls, the government is trying to increase revenues also by improving tax collection. Finance minister Siluanov has noted that grey wages ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ruble strengthening on higher oil prices
Ruble strengthening on higher oil prices This week the ruble-dollar exchange rate hovered around 66 RUB, while the euro-ruble rate held around 74 RUB. The ruble has appreciated more than 20 % against...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian and ASEAN leaders meet in Sochi
Russian and ASEAN leaders meet in Sochi Russia has been a full dialog partner with the Association of Southeast Asian Nations (ASEAN) since 1996. Last week, the third joint summit was held in Sochi. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China opens its bond markets to foreign investors
China opens its bond markets to foreign investors Late last month, the People’s Bank of China announced it was eliminating quotas imposed on foreign commercial banks, insurance companies, pension fun...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016