CONTENTS

Volume 4, 2004

Investment CLIMATE

Dmitri MALIN. Investment climate in Moscow

Analysis of negative factors affecting the investment market in Moscow and in Russia as a whole, problems hampering the economy progress. Characteristics of the Russian taxation system, the real estate market. Proposals for creating favorable conditions for business with foreign capital partnership.

Svetlana ZANGEEVA, Elena ROMANOVA. Foreign experience in supporting small and medium business

In the developed market economy countries the place and role of small and medium business are determined by their functions and contribution to the social development. The small business today is the «corner stone» and the «locomotive» of all current economic processes.

Investment MARKET

Victor MOSKVIN. The coming technological revolution calls for a revolution in the business and education management

The professional investors and bankers have to understand the global trends which will influence the future investment project customary systems of risks.

Alexandr BRAGIN. Credit bureaus in Russia as an important factor of banks’ investment activity

The credit bureaus are to collect, store and analyze the borrowers’ credit histories, and determine the reliability of potential business partners.

Sergei PASHUTIN. Investments in the pharmaceutical market

The market of medicines is profitable enough, but it is short of investment. Why?

Leonid RATHKEEN. «Green» and safe technologies and processes in the defense industry investment projects

The defense industry investors and manufacturers would gain much through the use of «green» and safe technologies and production processes.

Anatoli PANOV. Development outlooks of the Yakut gas industry

The republic can provide its oil and gas industry with raw materials found in its territory for the next 100 years. It can also satisfy its need in oil and gas from its own reserves.

Innovation

Liudmila KIEVSKAYA, Alexandr DEVITAIKIN. The innovative steel making complex attractive for investment

The progress of the Russian iron and steel industry is restrained by shortage of its own funds and outer investments. The modern electric steel complexes are attractive for strategic investors. The steel market situation calls for a flexible reaction to demand, backing competitive prices, rapid funds turnover, which is very hard to do for large iron and steel enterprises.

Gennadi ZINCHENKO, Boris ZINCHENKO. Reproduction management and K. Marx’ numerical schemes

Reference and advice

Pavel SOKOLOV. The forms of involving and using investment financial sources

The investment sources may be own funds, credits, stock funds and budget funds. Their involving and use depend on the accepted investment construction process.