CONTENTS

Volume 8, 2003

Investment CLIMATE

Marina SAMOGORODSKAYA. The forms of investment business state support in the regions of the Central federal district

Realization of the industrial potential, solution of social problems in the regions depend on the investment policy efficiency and the investment orientation to the common economic interests of the state and regions.

Yana DERYABINA. Comparison of approaches to assessment of the investment attractiveness and activity in Russia’s regions

The paper discloses assessment criteria, their advantages and drawbacks, and sets the main categories of investment problems in their interconnection. The components of investment climate, potential and risks are also considered.

Andrei KHANKEVICH. Investment opportunities and the commercial confidence bill

Commercial confidence is viewed as an integral aspect of the investment project.

Investment MARKET

Victor MOSKVIN. Waging the price war

It is important for professional investors and bankers to understand the efficiency of quality control in an investment project they are going to finance, otherwise they run the risk of financial failure.

Anna RULINSKAYA, Oleg SUKHAREV. Institutional prerequisites for augmenting investments in the agriculture industrial complex

Investments in various industries require specific conditions to be successful.

Kirill YUSEPCHUK. Diminishing investment risks in the Kaliningrad district

Foreign trade practice in the regions should allow for all kinds of business risks. Foreign trade relations are impossible without insurance to diminish risks in the international cooperation. An advanced insurance mechanism, first of all for foreign investments, contributes essentially in creating the favorable investment climate both for individual projects and for entire regions. The Kaliningrad district sets an example of accumulating investment resources.

Gulshat GALIULLINA. Investment business in foreign currency and natural persons’ rights for securities emitted by non-residents

Currency operations by natural persons call for particular attention as lacking knowledge and experience one may disregard any commitment under a currency, tax or any other law of the Russian Federation. The most intricate are the currency operations by natural persons connected with investment business in the foreign countries.

Investment TECHNOLOGIES

Tatiana ALTUNINA, Evgeni SAFRONOV. Main problems of forming and managing the investment portfolio in an industrial enterprise

This is a critical survey of existing methods and models for forming the investment portfolio. Majority of such models are based on the behavior of stock gamblers heeding no particularity of portfolio investment. Another major problem is the discord between method and models used at different stages of the portfolio forming. These methods are of no use for the portfolio management. As an alternative of the portfolio behavior model the authors offer I. Prigojine’s theory of self-organization which was successfully used in natural sciences but so far never for describing economic processes.