CONTENTS

Volume 2, 2004

Investment CLIMATE

Evgeni IVANOV. A regular model of managing investment at the municipal level

The analysis of the regulations and literature on managing investment in local self-government proves the need of a theoretically based model for managing investment at the municipal level to form the regulations and a system of practical actions.

Rudolf ZIMENKOV. Direct US investments in the Russian economy

Practically all industries of the Russian economy want vast investment resources .Despite a certain upgrade of the investment structure as a whole it remains unfavorable and inadequate to the age and condition of capital assets. The home investment is insufficient to improve the situation. Yet the foreign investors do not haste to expand their operations on the Russian market. They demand more stability, transparency, and consistency of the Russian investment policy.

Sergei ZAGORODNIKOV. Regulation of the direct foreign investment in Hungary, Poland, and Czechia

The relative volumes of direct investments in the economies of Central and East Europe essentially exceed those in Russia, and their analysis would allow to better assess the practice of investment regulation in these countries and in Russia in order to avoid possible errors, and to elaborate recommendations for upgrading the investment policy in Russia.

Investment MARKET

Victor MOSKVIN. Analysing the quality management in investment projects to reduce financing risks

Without a quality management system in the investment project an emerging company loses time for joining the first-rank competitive manufacturers of high-quality goods.

Leonid RATHKEEN. Environmental investment projects for the defense industry manufacturers of protection equipment

The paper is addressed to potential Russian and foreign investors in the Russian defense industry, it contains brief characteristics of projects and products.

Anna SAYENKO. Problems of expropriating foreign investment

Investment expropriation is closely connected with undertaking the state contracts. Since the investment agreements concern the most profitable industries the state often seeks to satisfy its interests on account of the investors. So most of the cases on the state contracts submitted to international arbitration concern the performed investments.

Sergei PASHUTIN. Causes of low investment on the medicines market

In reality the deficiency of investment in the pharmaceutical industry depends not only on the unfavorable political and economic situation in Russia. First of all it is explained by specific features of the medicines market.

Alexandr KLIMANOV. The formula of the Russian economic miracle

The government has a mission of creating conditions favorable for investing in the national economy. The paper explains how to do this.

Innovation

Gennadi ZINCHENKO, Boris ZINCHENKO. Management of national reproduction in bi-product economy

The market limits of production accumulation in subdivisions. Spheres of allowed political parameters in subdivisions. The «spheres» of allowed parameters of the federal macroeconomic policy vector.