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2. The Federal Budget and the Regions
- Author:
- A.M. Lavrov
- Publication Date:
- 01-2003
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Improvement of the financial relations between the Federation and the regions still remains quite an urgent problem. The Concept of Reforming Inter budgetary Relations in the Russian Federation in 1999 — 2000 is being implemented; Russia's Finance Ministry has developed the Concept of Reforming Budget Federalism in the Russian Federation to 2005, which will soon be approved by the Government; a special section on interbudgetary relations has been included in the Main Long- Term Trends of Socio-Economic Policy of the Russian Federation Government program, drafted by the Strategic Research Center.
- Topic:
- Economics, International Trade and Finance, and Political Economy
- Political Geography:
- Russia, Europe, and Bosnia
3. Banking and Finance Assistance
- Author:
- Eugene Spiro
- Publication Date:
- 08-2001
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- The Banking and Finance Assistance Centre (BFAC) of the East West Institute is an independent, international centre whose mission is to provide assistance to financial sector leaders in the transition economies of Central and Eastern Europe (CEE) and the former Soviet Union (FSU). BFAC was established in 1992 by the East West Institute in response to the need expressed by bank executives and finance officials in CEE for a centre to provide impartial, professional, technical advice and assistance in the course of designing and implementing reform initiatives. Supported, among others, by the EWI network and in particular the United States Agency for International Development, BFAC's projects also cover capital markets and pension reform and small- and medium-sized enterprise development.
- Topic:
- Development and Economics
- Political Geography:
- United States, Europe, and Eastern Europe
4. Russian Federal Budget and the Regions
- Author:
- Alexei Makushkin
- Publication Date:
- 11-1999
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- In the period of the Soviet rule public finances formed the basis of the national economy and, consequently, were the key factor determining the relationship between the Central power and the regions. Beginning with the proclamation of the sovereignty of the Russian Federation in 1 99 1 the role of the Center and the regions changed. The State has reduced its influence on the national economy, largely due to the reduction of the share of the GDP reallocated through the Central budgetary system. In 1 999 the volume of the budgetary reallocated product made only 14- 1 5% of the total. The relationship between the federal budget and the system of the regional finances became very complicated and oblique. The state economic sector has decreased, power has become decentralized in Russia.
- Topic:
- Security, Economics, and Regional Cooperation
- Political Geography:
- Russia, Europe, Asia, and Soviet Union
5. Strategic Images: Perceptions of Russia in the USA and of America in Russia
- Author:
- Dag Hartelius and Natasha Randall
- Publication Date:
- 11-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Over the last year we have witnessed a deteriorating climate in Russian-Western relations - or at least this has been the perception. The Russian financial crisis has accelerated the trend in Russia to blame the West - in particular the US - for their troubles. In America and Europe a new debate has been spawned on what kind of Russia we are now dealing with. Old truths, or old perceptions, are being questioned and relations are being reassessed.
- Topic:
- International Relations and Economics
- Political Geography:
- Russia, United States, America, Europe, and Asia
6. Russian Financial Crisis Assessment 5: September 9, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- The Communist dominated Duma sent a stern message to President Yelstin on September 7th by rejecting his nominee, Viktor Chernomyrdin, for the second time. The vote was 273 against and 138 for (with one abstention). While Chernomyrdin's showing improved substantially from the Duma's first ballot, he still fell far short of the 226 votes needed for Duma approval. Furthermore, his gains came largely from Zhirinovsky's nationalist faction, which has a crass history of trading votes to “the highest bidder.” Yelstin's opposition, on the other hand, benefited from the support of independent deputies comprising a group called “Regions of Russia”: their approval of Chernomyrdin dropped from 86% to 50% in the second round.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
7. Russian Financial Crisis Assessment 4: August 31, 1998
- Author:
- Allen Collinsworth, Robert Orttung, Rado Petkov, and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- At approximately 12.30 p.m. EST today, the Duma rejected Chernomyrdin's nomination as Prime Minister by an open ballot vote of 251-94 (with 105 abstaining). 226 votes are needed to confirm him. Chernomyrdin's own Our Home Is Russia party provided most of his support (64 votes). Zhirinovsky's party, the Liberal Democrats, abstained (49 votes). Analysts underscored the weakness of support for Chernomyrdin by noting that, in the first round of voting on the nomination of Prime Minister Kiriyenko five months ago, Kiriyenko polled 143 votes in favor. This was in secret balloting, however, which to some extent invalidates the comparison.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
8. Russian Financial Crisis Assessment 3: August 27, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- The latest private reports from Moscow indicate that the Duma is very likely to reject Viktor Chernomyrdin's candidacy for Prime minister next week. Tomorrow, Aug. 28 th , at 3:00 pm, the Duma and the Federation Council will meet to decide whether to recommend a vote on Chernomyrdin's candidacy. Whereas Chernomyrdin's chances are bleak, the fluid nature of current Russian political situation makes it impossible to firmly rule out his confirmation as prime minister, a post which he very much wants.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
9. Russian Financial Crisis Assessment 2: August 25, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Since our Aug. 20th report, the situation in Russia has developed dramatically. On Friday (Aug. 21st), the lower house of the Russian parliament (the Duma) overwhelmingly called for Yeltsin's resignation and changes in the government and the leadership of the central bank. The Duma also passed a non-binding resolution demanding nationalization of some banks and restriction of foreign participation in domestic capital markets. In response, the RTS index of leading Russian shares fell 5.56% to 81.76 on negligible trading volume of $4.2 million. Central bank head Dubinin announced plans to activate Russia's precious metals reserves (approximately $5 billion of $15.1 billion total foreign exchange reserves) to support the ruble. On Sunday, Aug. 23rd, in an action anticipated in our Aug. 17th report, Yeltsin dismissed Prime Minister Sergei Kiriyenko and installed in his place Viktor Chernomyrdin.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
10. Russian Financial Crisis Assessment 1: August 20, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Russian capital markets were already in what George Soros described as a “financial meltdown in . . . its terminal phase” on August 12th. Since then, capital markets have deteriorated significantly in reaction to measures announced by the Russian Government on Monday, Aug. 17th (summarized in Section II below). IEWS is actively evaluating the nature and extent of the crisis and trying to project its likely course.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
11. Subregional Relations in the Southern Tier: Prospects for Development
- Publication Date:
- 05-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Doubts were expressed as to the extent one could define the Caucasus and Central Asia as a single region, particularly for the purposes of exploring the potential for subregional cooperation to develop among its constituent states. External considerations (complex relationship between Russia and the states involved; presence of other outside actors; energy transit perspectives; influence of external conflict, i.e. Afghanistan) may point towards consideration of the Southern Tier as one region. However, internal perspectives, geographical, historical, political and cultural, suggest that treating subregionalism separately in the Caucasus and Central Asia might be a more realistic and potentially fruitful approach.
- Topic:
- Development, Economics, and Regional Cooperation
- Political Geography:
- New York, Europe, Eurasia, Eastern Europe, and Maryland
12. Private Equity Investment in Hungary: the Competitive Edge as a Force for Innovation
- Author:
- Eugene Spiro
- Publication Date:
- 10-1997
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- At the conference opening, György Surányi, President of the National Bank of Hungary, outlined Hungary's successful efforts to rejuvenate economic activity with the prospect of European Union membership approaching . Following the successful implementation of economic policies aimed at establishing a market economy, for the first time in 25 years Hungary is gradually moving towards sustainable economic growth. Real GDP gains of almost 4 percent per annum are evident without accompanying deterioration of the external accounts or increases in inflation.
- Topic:
- International Relations, Development, and Economics
- Political Geography:
- Europe