During the reform years in Czechia a rather flexible and efficient system of tax and non-tax relieves was worked out for home and foreign investors. As the result several schemes of promoting investment and fostering business are offered to emerging and existent investors. In particular, free economic zones in the form of industrial zones traditional for the Eastern Europe are popular in the country.

INVESTMENT MARKET

Yuri ERSHOV. On developing East Siberia and Far East

On April 26, 2005 the Russian Federation minister for industry and energy Khristenko had signed an order defining the stages of the East Siberia - Pacific pipeline construction. That stopped arguments on the new main capacity, direction and construction terms. The East Siberia - Pacific system, on the author’s opinion, must lay down the foundation of a common program of the East Siberia and Far East complex development.

Victor MOSKVIN. Socially required labour costs, a reference point in business setting-up and development

Real labour costs are to be brought to the socially needed level. Regardless, whether the financiers and managers realize that or not.

Leonid RATHKEEN. Russian shipbuilding: investment in innovations

The Russian navy glorious for its traditions and victories is keeping afloat in the stormy sea of reform, despite problems facing Russian sailors and shipbuilders.

Mario PETROVSKI. West-European companies’ strategy in direct investing and coping with the Russian economic environment

Analysis of investment business of West-European companies in Russia in nation, industry and region aspects has led to certain important conclusions pertaining to nature and peculiarities of this business.

Dmitri KUPRIYANOV. Why the Russian economy does not grow as fast as the Chinese one

The major factor of the Chinese economy surge is the strong state power. In Russia possession of the former state property by few persons stirs up resentment of people majority, creates social and political instability. That affects investment and bars the economy reform. Only the expansion of the national business elite participation can stimulate the economy growth, increase population incomes, and thus conciliate the rich and the poor.

INVESTMENT TECHNOLOGIES

Dmitri FOMIN. Security of bank credits

Nowadays all kinds of business need loaning. The author studies the credit classification, credit principles and security of credit reimbursement.

INNOVATION

Nikolai SHAKHRAMANIAN. Patent analysis as a tool of promoting R&D

This analysis ensures the R&D promotion in the world investment market. Innovation processes conserve science and technology priorities for a rather long time (at least 5-7 years). The article is very important for guidance of managers and researchers in marketing.

REFERENCE and ADVICE

Vladimir SAVIN. What is the CIS today

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