The special economic zones have played and continue to play a significant part in drawing-in direct foreign investment and in the growing national economy and exports. Having joined the EU Hungary became even more attractive for investment. Prognoses foretell the further sustained growth in medium-term prospect, as the country approaches real convergence with the EU members.

INVESTMENT MARKET

Victor MOSKVIN. The nature of optimum labour costs in industrial business

As a matter of fact a company has to simultaneously pursue three ends: survival, profit, and economic growth. So we try to analyze justly dependence of the minimum labour cost and optimum cost on the efficient achievement of these ends.

Olga ROSNOVSKAYA. Banks and investment. Banks and industrial business cooperation

A major trend in Krasnoyarsk territory economy in the last three years was the stable investment process accompanied by the industrial component growth in the gross regional product. The main investor was the commercial bank capable of accumulating enough money for subsequent placement in the real economy. A trend has lately appeared also toward changing the model of bank participation in the economy. For instance, they begin more and more to turn to crediting the real economy by investing sums exceeding their own assets.

Leonid RATHKEEN. The aircraft construction association, a pilot project of the Russian defense industry

Setting-up this association is a remarkable development in the Russian economy. In case of success, it may become a pattern usable in other defense industry branches. The emerging problems of the project and their solutions are discussed in the article.

Alexandr KARPUSHIN. Russia’s cooperation with the OPEC countries in investment and trade

Growing trade and investment Russia - OPEC cooperation is underpinned by their mutual interests.

Vsevolod ARKHIPOV. Australia’s investment abroad

Australian capital export, direct investment in particular, is a relatively new occurrence. In the past decades the country confined itself mainly to investments in the developed economies. In the last decade it started the massed capital export into developing and new industrial countries. These investments take an important part in strengthening its own economy.

INVESTMENT TECHNOLOGIES

Alexei MARTYNOV. Planning reinvestment at a large industrial business

A criterion and assessment indices of reinvestment efficiency at an enterprise are offered in this article as well as a key scheme of planning this process.

INNOVATION

Gennadi ZINCHENKO. Innovative capital reproduction

Production equations for two subdivisions. Labour dual nature in production equations. Frame conditions of balanced saving. Unbalanced production and saving. A numerical example.

CONTENTS