Russian economy in 1995. Trends and Perspectives (Issue 14)

Publication date
Friday, 19.04.1996

Authors
Y. Gaidar V. Mau Ye. Misanchenko S. Sinelnikov-Murylev G. Starovoitova V. Dobrynin T. Mastyugina A. Kozhanovsky L. Perepelkin V. Stelmakh Yu. Figatner S. Batkibekov V. Medoev K. Reznikov S. Titov I. Trounin Ye. Shkrebela G. Trofimov S. Arkhipov O. Buklemishev S. Malakhov D. Shiganov D. Belousova O. Izryadnova G. Kuranov Yu. Poltavets V. Ranenko I. Mikhamedshin I. Makarov I. Pilman Yu. Bobylev Ye. Serova L. Korbut I. Khramova O. Melyukhina T. Tikhonova L. Davydova V. Faltsman S. Prikhodko N. Leonova N. Volovik N. Kuznetsova I. Kolosnytsyn V. Krasinikova S. Shishkin I. Rozhdestvenskaya S. Smirnov A. Radygin G. Malginov L. Gorbatova V. Tsapelik T. Dolgopyztova T. Edimenchenko V. Kosmarsky T. Maleva S. Smirnov A. Yakovlev S. Tsukhlo R. Gershman

Series
Russian Economy: Trends and Perspecitves

Annotation
During the time which passed since the beginning of the post-communist reforms, the year 1995 became the most successive in the long period of implementation of the standard course of the macro-economic stabilization. At the same time, the general background remained unfavorable enough, even critical at the beginning of and at the end of 1995. The January’s climax of the Chechen war and the December’s elections finished in the victory of the anti-Government (and anti-stabilization) forces of the communists and nationalists form the political framework of the today’s (fourth in the latest three years) attempt to stabilize the Russian economy.

Contents

SECTION 1. SOCIAL AND POLITICAL OUTLOOK 1
 1.1 Political Environment and the Economy  1

SECTION 2. MONETARY AND BUDGET SPHERES 9
 2.1 Public finances  9
 2.2 Monetary Policy  51
 2.3 State Securities  74
 2.4 Interest Rates and Money Markets  84
 2.5 Finances of Entities  92

SECTION 3. INVESTMENT PROCESSES 96
 3.1 Investment Policy  96
3.2 Investment environment in the real sector of economy  99
3.3 Foreign investments  104

SECTION 4. THE REAL SECTOR OF THE ECONOMY 112
 4.1 Main trends in the real sector of the economy  112
 4.2 Industry  118
 4.3 Agro-Industrial Complex  126

SECTION 5. RUSSIA AND INTERNATIONAL ECONOMY  140
 5.1 Russia within the International Trade System 140
 5.2 Regulation of External Economic Activities 142
 5.3 Foreign Trade Pattern 144
 5.3.1 Balance of Payments 149
 
SECTION 6. SOCIAL SPHERE AND LABOR MARKET 152
 6.1 Living Standards  152
 6.2 Social and Cultural Sphere  157
 6.3 Labor Market and Employment  162

SECTION 7. INSTITUTIONAL AND MICROECONOMIC DEVELOPMENTS 167
 7.1 Privatization Process in Russia in 1995  167
 7.1.1 General pattern of the privatization process 167
 7.1.2 Small-scale privatization 172
 7.1.3 Scenario-based outlook on privatization process developments in Russia in 1996 through 2000 176
 7.2 Changes in the Structure of Enterprises` Stock Capital  182
 7.3 Enterprises with Foreign Investments  185
 7.4 Major Trends in Industrial Enterprise Restructuring  188
 7.5 Business Situation in Industry  195
 7.6 Business Outlook in Construction 198

Notes

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