CONTENTS

Volume 6, 2003

Investment CLIMATE

Vladimir CHVANOV. The legal base of enterprise and investment in Ukraine

On February 23, 2003 presidents of Belarus, Kazakhstan, Russia, and Ukraine declared the creation of the Common economic space. Despite the failure of conserving the former common economic space there is a hope to establish it today. To succeed the legal acts in all countries concerned are required to eliminate obstacles for horizontal links of cooperation between economic units. This is just a formal aspect of integration as the real integration begins with common investment projects.

Investment MARKET

Victor MOSKVIN. Effect of upgraded quality characteristics on product prices and company profits

Professional investors and bankers, who finance projects, must learn to understand what kind of a quality control system is provided for the investment project and how efficient this system is as compared with those in competing companies. Otherwise financial failure risks will be much greater.

Andrei BLINOV. The Russian economy competitive power: myth or reality?

So far our government have not yet elaborated a wholesome, well thought concept of the national economy development. All sorts of experts in economy, sociology, politics are to be involved in discussing this extremely urgent matter.

Vladimir SAVIN. The system of patterns of Russia’s international economic cooperation

There is an attempt to classify the patterns of international economic cooperation. They include Russia’s investment cooperation with other countries, firms, banks.

Investment TECHNOLOGIES

Sergei KARAKHOTIN. State investment optimization - new approaches and solutions

The Russian Federation Government put the task of cutting down budget expenses. The budget resources deficiency requires certain principle decisions to optimize the budget expenses for the state capital investments.

Igor SHUBIN, Tatiana KOSORUCHENKO. Current problems of analysis and selection of investment projects to finance

Existing methods of assessing investment projects and offers are analyzed and classified. Practical examples are given.

Nikolai ATAROV, Elena ESINA. Reproductive and solvent demand for machines and equipment as the basis of modernization and re-equipment of industry capital assets

The paper defines the notions solvent and reproductive demand for machines and equipment from the investment point of view, and their place in reproducing the active part of industry capital assets.

Innovation

Gennadi ZINCHENKO. Regeneration of the national economy sustained development

Opportunities of sustained reproductive regeneration after recession. Reproductive regeneration along the «accumulation mainline», along the mean trajectory and the trajectory close to the «consumption mainline». Effect of the 1^st subdivision accumulation rate on the regeneration period (continued, beginning in № 12, 2002 and № 1, 3 and 5, 2003).