CONTENTS

Volume 4, 2003

Investment CLIMATE

Victor MOSKVIN. Competitive products and satisfied consumers

Certain concepts of product quality are necessary to be mastered by the developers of investment projects with a product quality control system, and by the investors assessing risks in their sectors of financing the projects.

Investment MARKET

Dmitri MALIN. Direct foreign investment in the Moscow economy

Because of hard competition between the countries and due to the limited money resources the state structures must intensify their activity in attracting direct foreign investments into the Russian economy. The author describes the world market of capitals, their role in the Russian economy, the statistics of foreign investment in the Moscow and Russian economy as a whole in 2001 - 2002. The investment attractiveness of Moscow industries is also assessed.

Alexei SMIRNOV, Natalia FIRYULINA, Daria KATSIK. Effects of foreign investment on the Krasnoyarsk territory economy

Under the deep investment crisis the foreign investment is particularly important, though its effects on a recipient country are quite dissimilar. The authors attempt to determine the Krasnoyarsk territory’s place in the general process of drawing foreign investment in the Russian economy, and the forms and regularity of foreign investment coming in the region, as well as the influence of the foreign sector on the regional economy.

Andrei BLINOV, Vladimir ZAKHAROV. Strategic management of regional markets

Poor collaboration of enterprises in the regional economic systems under low management centralization is a factor distorting regional markets and degrading the Russian business competitive capacity. The lack of strategic management restrains the growth of regional economies and population living standard, and gives rise to centrifugal trends in the isolated regional markets. Obvious is the necessity of further developing in Russia a methodology of regional market management which should reflect the particularities of the transforming Russian economy and allow for an adequate reaction to rapid and sudden changes.

Lada SUSHKOVA. Effect of bank credits on investments in different Russia’s regions

Finding the ways to intensive investment activities in the regions calls for an analysis of finance markets. Statistics shows that the banks, as an important segment of the modern market infrastructure, play the insufficient part in investing in fixed capital.

Investment TECHNOLOGIES

Maxim LISITSA. Non-stock portfolio investment: the economy and corporate merger scenarios

Merger processes in business structures and typical scenarios of «hostile» merger are described. The principles of assessing their efficiency and realization probability are offered as well as recommendations and conclusions.

Oleg SUKHAREV, Victor BERESTOV, Sergei KUZNETSOV. Investment management in industrial business

In current conditions when investment resources are limited and mainly misused the own resources are to be effectively used. Another form of active investment is the leasing which allows using outside resources. A procedure of analyzing industrial business investment activities, which can help to study investment processes, assess investment rates and business investment attraction rates.