By Vincent Edwards
This publication investigates the responses of businesses in Russia's Volgograd (formerly Stalingrad) province to the elemental adjustments within the financial system and relies totally on interviews with neighborhood managers and decision-makers. corporation case experiences discover the effect of switch at the behavior of commercial and are on the topic of basic advancements within the financial system. The ebook additionally questions the long run improvement of Russian businesses in a scenario of anxiety among the resilience of the earlier and large pressures for swap.
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Additional resources for The Russian Province After Communism: Enterprise Continuity and Change
Example text
The growth of illnesses with a so-called socioeconomic background is almost epidemic. In fact, the incidence of venereal diseases has increased 30 times during the last 5 years (Ekonomist, no. 1, 1998, p. 12). ). THE DEVELOPMENT OF MARKET INSTITUTIONS IN VOLGOGRAD OBLAST Privatization Since the launch of economic reform over 250 large, previously stateowned enterprises have been privatized under the Volgograd oblast auction system. Privatization of the formerly state-owned enterprises started in Volgograd oblast, as throughout Russia, in 1992 after the Privatization Law and the State programme of privatization in the Russian Federation were adopted.
VOLGOGRAD’S CHAMBER OF COMMERCE At the beginning of December 1997 the Volgograd Chamber of Commerce celebrated its seventh anniversary. In fact it had been established one year earlier than the Chamber of Commerce of the Russian Federation. The business activity of the chamber includes the major activities of institutions of this kind: marketing, information, provision of consulting and legal services and help in establishing contacts with foreign businesses. The Volgograd Chamber has approximately 100 members, including private individuals as well as companies.
As a result, the share of foreign The Povolzhsky Region 37 capital is smaller than the declared or actual investment. 5 per cent of the total value of investment of registered Russian–Foreign Joint ventures (RFJV). Thirdly, very often RFJV tend to hide the information necessary for the assessment of the flow of FDI by government bodies such as Russian Federation Goskomstat, fearing disclosure of their investment activities to criminal organizations. This non-disclosure of information results in tax avoidance in some cases.