Low oil prices challenge Russian government finances
Low oil prices challenge Russian government finances The houses of the Russian parliament (Duma and Federation Council) during the past two weeks approved the draft 2016 federal budget. In its decisi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China strengthens its status as world’s third most active patent-seeker
China strengthens its status as world’s third most active patent-seeker Latest figures from the World Intellectual Property Organization (WIPO) show the volume of international patents filed under th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR sees Russian economy contracting 3.5–4 % this year
CBR sees Russian economy contracting 3.5–4 % this year The central bank forecast further expects the GDP to fall 1–1.6 % in 2016 but return to growth of 5.5–6.3 % in 2017. The CBR’s outlook assumes t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Semblance of calm returns to banking sector
Semblance of calm returns to banking sector The ruble’s collapse crested in mid-December (Dec. 16–17), followed by a frenzy of withdrawals from bank deposit accounts. However, the situation calmed in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian economy started to recover again in January-February
Russian economy started to recover again in January-February Following weaker performance at the end of last year, the Russian economy appeared to get back to the track of slow growth in the first tw...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian federal budget revenues declined last year, while defence spending soared
Russian federal budget revenues declined last year, while defence spending soared In nominal ruble terms, federal budget revenues last year contracted 6 %. In real terms (i.e. taking inflation into c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
President Putin evaluates economic programme proposals
President Putin evaluates economic programme proposals In late May, president Putin was presented with two economic development programmes that Putin had requested, but a decision is yet to be made o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian output recovers, but consumption slump drags on
Russian output recovers, but consumption slump drags on Industrial output in November-December 2016 rose by about 3 % y-o-y. Growth was slightly over 1 % for all of 2016. Rosstat noted that its full-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Gas sector drives growth in fixed investment
Gas sector drives growth in fixed investment Newly released Rosstat figures show a small recovery in seasonally adjusted fixed investment happened earlier than what the figures showed in late summer....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian government takes on wage arrears problem
Russian government takes on wage arrears problem Prime minister Dmitri Medvedev told a cabinet-level meeting on wage arrears last week that total wage arrears were less than 1 % of the total monthly ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Gazprom-EU dispute unresolved after four years
Gazprom-EU dispute unresolved after four years A probe by the European Commission found that Gazprom’s operations violate EU competition rules in many member states of Central and Eastern Europe. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian cabinet decides to increase spending this year, abandons last spring’s budget framework
Russian cabinet decides to increase spending this year, abandons last spring’s budget framework The Russian government this week submitted to the Duma a proposed amendment to this year’s federal budg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Research Fellows
2022-2026 Jan Fidrmuc / Lille Économie Management (L.E.M), Université de Lille Jan Fidrmuc holds the Accueil de talents 2020 chaire d'excellence professorship at Lille Économie Mana...
Bofit.fi / Bofit homepage / Personnel
Russian economy has recovered from last year’s recession, but pace of recovery varies considerably across branches
Russia Russian economy has recovered from last year’s recession, but pace of recovery varies considerably across branches The Russian economy has largely recovered from the recession in spring 2020,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
BOFIT
The Bank of Finland Institute for Emerging Economies (BOFIT) is an internationally renowned research institute specialising in emerging economies and global economic developments.
Bofit.fi / Bofit homepage
Financial woes of Russian regions begin to bite
Financial woes of Russian regions begin to bite Researchers at the Development Centre at Moscow’s Higher School of Economics report combined regional budget deficits this year could reach as much as ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian inflation soars
Russian inflation soars January consumer prices rose 15 % y-o-y. Inflation last ran this high in 2008. Food prices were up 21 % and other goods 11 %. The Russian government, concerned about the rapi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian companies having problems in payments
Russian companies having problems in payments Rosstat finds that the ratio of overdue payments in corporate payments has gradually risen over the past two years. The overdue rate exceeded 6 % of the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ukraine’s economy grew last year despite massive damage to its energy sector
Ukraine,economy,BOFIT Weekly Review Ukraine’s economy grew last year despite massive damage to its energy sector Preliminary figures show Ukraine’s GDP grew by an impressive 3.4 % last year, even if...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Finnish first-half goods trade deficit with China balanced by services trade surplus
China Finnish first-half goods trade deficit with China balanced by services trade surplus While Finnish Customs reports that Finland’s overall goods trade turnover grew at an average pace of 6 % y-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018