CONTENTS

Volume 6, 2001

Investments in Russia

Materials of the 14-th session of the Advisory council for foreign investment in Russia

The communiqué of the 14-th session of the Advisory council for foreign investment in Russia

Taxation problems

The VAT reimbursement to the exporters and other reimbursement procedures. Observance of international agreements on avoiding the double taxation . Investment agreements. Currency laws.

“Proctor and Gamble “. Consumer goods quality control

The shift of quality control efforts to the stage “after putting goods on the market “could provide a better protection of the consumers against poor quality goods , cut down the prices for Russian customers , upgrade the investment climate and promote new products on the market.

Manuel GOMEZ. Legislation in the automotive industry

Despite all efforts and many meetings of various ministries and departments officials it should be admitted that the foreign investors are to wonder whether the Russian government really wants to attract foreign investments to the automotive industry?

Gaetano Di ROZA. Import of process equipment

Once more the attention of Russian authorities is drawn to the current taxation mechanism concerning the import of equipment and technologies.

Ulrich HERTER

It was pointed out repeatedly that the holographic stamps were of no use in prohibiting the counterfeit products, could not bring more money in the budget and protect the loyal manufacturers, but only charge them with the heavier financial burden.

Investment MARKET

Ivan YELISSEEV. The project of a Russia-European Union free trade zone

The EU-Russia strategic partnership is considered an important part of the security system in Europe and of the European economy, which hardly can obtain a necessary potential without Russia’s participation in the European economic life in the form of a free trade zone.

Oleg SUKHAREV. Institutional reform in the 20-th century. An evolutionary view on the economic policy (continued from ¹ 5, 2001)

Fedor GLISIN. Russia’s industrial enterprises business activity in the 1-st quarter 2001

The economic conjuncture center at the Russian Federation government and the regional statistic bodies conducted the regular quarterly investigation of the industrial enterprises business activity.

The failed financing of suppliers affects the banks

Materials prepared by the International Panel of KPMG

Investment TECHNOLOGIES

Tamara VALUYSKOVA. Main lines of a company investment strategy at the later stage of oil field exploiting

Measures are offered to intensify the investment business.

Innovation

Gennadi ZINCHENKO. Innovation as the priority of Russia’s macroeconomic policy in the 21-st century

Science and technology play the crucial role in the economic progress and renewal of industrial capital in any country. Thus in the 21-st century the human brain, human capital, becomes the source of innovative economy development.

Reference and advice

Anatoli KUTSENKOV. Comments on N.A. Tsvetkov’s book “The Russian oil and gas complex: international investment cooperation”

Vladislav YAREMCHUK. Multicriteria optimization and its application to the industrial enterprise investment business

This method is useful in solving investment problems, in particular, for manufacturing new products, upgrading products quality and products modification.