Latest articles and blogs
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BRICS membership – What’s not to like?
The annual BRICS Summit was held last week in Kazan, the capital city of Russia’s Tatarstan region. The original member countries – Brazil, Russia, India and China – held their first get-together under the BRIC banner in 2009. In 2011, South Africa joined the group, and an “S” was added to the group’s name – BRICS. This year’s Kazan summit included a number of new BRICS inductees, including Egypt, Ethiopia, Iran and the United Arab Emirates (UAE). Turkey’s president Recep Erdoğan also attended the event.
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Ukraine’s economy grows amidst the rising toll of war
This Saturday 24 February 2024 marks the second anniversary of Russia’s unprovoked invasion of Ukraine. Along with the human suffering and displacement, war has scarred Ukraine’s economy.
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Ukraine has suffered most in many ways
Ukraine has suffered most from Russia’s illegal war of aggression launched a year ago. Besides the humanitarian emergency, the war Russia started has been catastrophic for the Ukrainian economy.
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Russia’s war hits its economy on many fronts
In just over two months, the Russia’s war has caused severe economic dislocation in many areas. We assess possible economic impacts of the Ukraine invasion on Russia and the euro area.
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Economic fallout from the war
In the early morning of February 24 Russian military invaded Ukraine. This violation of international law will result in widespread human suffering and economic dislocation.
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BOFIT 30 years – from the Soviet Union to emerging economies
Adaptation to changing circumstances has been one of the hallmarks of the Unit’s – the Bank of Finland Institute for Emerging Economies (BOFIT) – work.