Economics/Financial Analysis News in Russia
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4/17/2015 - GDP growth posted 0.4% y-o-y in the 4Q14, the slowest since the 4Q09. Household consumption increased nearly 1%, while government consumption declined 0.2% over the same period. GFCF declined 1.2% com... |
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3/24/2015 - In February, the ruble lost 4.8% m-o-m of its value against the dollar, signalling the slowest pace of depreciation in four months. This followed depreciation rates of 12.5%, 20.8% and 11.4% m-o-m dur... |
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2/26/2015 - The government announced a plan to spend about one trillion rubles to recapitalize banks through the issue of government bonds. The plan also includes supporting the state development bank and extendi... |
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2/1/2015 - The central bank hiked its benchmark interest rate in December to 17%, up from 9.5% in November, in an effort to limit currency depreciation and tame inflation. Nevertheless, the ruble depreciated sha... |
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12/15/2014 - In November 2014, the ruble experienced its steepest depreciation since January 2009. It fell nearly 13% last month compared to the US dollar. This means the currency lost 30.4% of its value between J... |
| 11/27/2014 - The Russian rouble fell against the dollar and euro, and stock indexes were lower early on Thursday, following oil prices which have weakened before a key OPEC meeting in Vienna. At 0732 GM... |
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11/20/2014 - Industrial production increased 2.8% in September over the same month one year
ago. From 2006 to 2014, IP in Russia averaged 2.5%. Seasonally adjusted, IP
increased a solid 1.6% m-o-m, which more th... |
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10/14/2014 - In September, Russia held its first sale of ruble bonds after nine cancellations. The Ministry of Finance perceives current borrowing costs as acceptable and will fulfill plans to offer another RUB223... |
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9/27/2014 - Preliminary data from the country’s Federal Statistics Service showed that Russia had a disappointing GDP growth in the 2Q of only 0.8% y-o-y compared to 0.9% in the 1Q. GDP growth has been slowing si... |
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8/17/2014 - Russia’s Central Bank estimated net capital outflows at $25.8 billion in 2Q14. This is five times more than outflows during 2Q13. It follows $48.8 billion which exited the economy in 1Q14. For the thi... |
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7/20/2014 - The country’s GDP posted growth of -0.5% q-o-q in 1Q14, while the yearly comparison showed growth of 0.9%. Retail sales in May grew by 2.1% y-o-y, the weakest rate since February 2010. Consumer price ... |
| 7/11/2014 - The Gazprom Board of Directors took note of the information about the taxation of the gas industry. ... |
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6/26/2014 - The country’s GDP deteriorated by approximately 18% q-o-q in the 1Q14, the steepest decline since 1Q09. On a yearly comparison, the growth is 0.9%, the slowest since the 4Q09. Despite the weather-rela... |
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6/4/2014 - Standard & Poor’s cut Russia’s credit rating last month following the $64 billion capital outflow in 1Q14. The rating agency lowered Russia’s sovereign debt rating to BBB-, the lowest investment grade... |
| 4/17/2014 - Russia’s GDP growth in 4Q13 advanced by 2% y-o-y following 1.3% growth in the previous three months. The weaker rouble helped compensate for sluggish domestic demand with lower imports. According to t... |
| 4/6/2014 - The recent geopolitical tensions between Russia and Ukraine pushed the rouble down by more than 3% in a few days along with the stock market index which lost more than 13%. The board of the Central Ba... |
| 2/25/2014 - The Gazprom Board of Directors approved the Company's efforts aimed at obtaining and protecting patents for R&D results and technologies. ... |
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8/25/2013 - Russian manufacturing fell in July, with the gauge of manufacturing business conditions dipping into contraction territory. The HSBC Russia manufacturing PMI sank in July to 49.2 from a four-month hig... |
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7/31/2013 - Manufacturing growth, as shown by the HSBC manufacturing PMI, exhibited better performance in June as it rose for the first time since the beginning of the year. This came after the 1.4% y-o-y slide i... |
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7/4/2013 - The federal budget saw a small deficit in 2012 of Rb37bn (US$1.2bn), equal to 0.1% of the country’s GDP. Excluding oil and gas revenues, the deficit expanded to 10.6% of the GDP in 2012, from 9.5% in ... |
