CONTENTS

Volume 2, 2002

 

Investment CLIMATE

Oktai MOVSUMOV. The investment regime in the oil and gas sector of the Kyrgyzstan fuel and power complex

The home investment sources – the enterprises’ own assets, bank credits, state funds, population savings today in Kyrgyzstan are insufficient to fulfill the set tasks. This calls for new sources and a better investment climate. The country has in stock gold, antimony, mercury, tin, zinc, lead, as well as ample fuel and power resources. The economic and social reforms from the start relay on the foreign capital.

 

Investment MARKET

Nikolai IGOSHIN. The banks role in the investment process

An important line of the economy reform lays in the financial system restructuring, and that of the banks first of all. The discord between the Government and the Central Bank about the principles of reforming the bank system complicates the current process of economy management. The major cause of the finance system instability is the mutual distrust of the economic agents: the depositors, banks, debtors. Hence arises the situation when the private depositors prefer the Savings bank to other banks, and the banks prefer to deposit their money with the Central Bank regardless a negative interest rate or to acquire the Government bonds with a very low profit as compared to the commercial credits.

Fyodor GLISIN. Construction business in Russia in the 4th quarter 2001 and the forecast for the 1st quarter 2002

The analysis by the Economic conjuncture center with the RF Government on the state of affaires in the construction business, and the forecast for the 1st quarter 2002.

 

Investment TECHNOLOGIES

Victor MOSKVIN. The problem of evaluating the risk at various stages of the project development and implementation

The practice of investment project implementation convinces that for both the project participants and the investors it is urgent to identify various risk factors during the entire period of the project development and implementation from the appearance of a business idea to the accomplishment of all implementation works.

Rudolf BLACHYOV, Vladislav GUSEV. Description of money flows when developing the investment project financing schemes

Description of money flows is necessary for optimization of project participants’ efficiency indices.

 

Innovation

Gennadi ZINCHENKO. A phase development portrait of innovation economy capital

The statistic summary indices of enterprises and industries development reflect now the only (quantitative) aspect of the economy development. The qualitative (innovation) capital development remains beyond the economic analysis and prognosis. The author attempts to use the system approach for objective measuring of innovation effects.

 

Reference and advice

Alexandr MOGZOEV. On the theory of region investment attractiveness

Alexandr POKROVSKI, Vladimir SAVIN. Russia’s foreign trade at the century border

This is a fundamental research on the Russian foreign trade timed to the 70th anniversary of the Russian academy of foreign trade, the RF Ministry of economic development.

The Russian Economic Forum