In 1991 the Kazakhstan government has embarked on an ambitious economic reform program, in which privatization would be both the driving force and an important component for the successful transformation of the Kazakh economy. A fast transferal of government-owned assets and services to the...

The main political problem faced by architects of the Russian VPP was the question of satisfying the interests of all partners taking part in privatization: employees, management, citizens and potential strategic investors. Therefore, a very rigid procedure of shares distribution was introduced...

This report is divided into four parts. The first part discusses the first wave of privatization. The second part discusses the development of the capital market in Mongolia; the third part presents and discusses the second wave cash privatization program. And the fourth part offers some new...

The Kazakstani banking system, its youthfulness notwithstanding, is developing rapidly. The paper provides an overview of the development experienced by the banking system in Kazakstan focusing on several different sides of the issue, such as the role of the National Bank, its strategy for the...

Article describes role foreign direct investment (FDI) in long-term development of the former socialist countries of Central and Eastern Europe. FDI is the most common vehicle used by foreign investors when entering new markets with their own products and technologies. CEE countries have a large...

Article describes role foreign direct investment (FDI) in long-term development of the former socialist countries of Central and Eastern Europe. FDI is the most common vehicle used by foreign investors when entering new markets with their own products and technologies. CEE countries have a large...

Article describes privatization and denationalization program in the Republic of Kyrgyzstan which has been given high priority in the Government's agenda. This program has its origins in the privatization law drafted at the end of 1991 and adopted by President in January 1992. Initially the...

In 1991 the Kazakhstan government has embarked on an ambitious economic reform program, in which privatization would be both the driving force and an important component for the successful transformation of the Kazakh economy. A fast transferal of government-owned assets and services to the...

The Kazakstani banking system, its youthfulness notwithstanding, is developing rapidly. The paper provides an overview of the development experienced by the banking system in Kazakstan focusing on several different sides of the issue, such as the role of the National Bank, its strategy for the...

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion is not necessarily supported by the experience of...