"Today, though weak and embattled, a private sector, a civil society and a political class independent of the Kremlin exist in Russia. These new pockets of independent power offer the United States a wide range of contact points to engage the Russian people. The Bush administration should cut all democratic and economic aid to the state and redirect these funds to Russian society."
The Washington Post,
Tuesday, January 23, 2001
FIA (Financial Investment Alliance) is an international economic union, whose goal is to optimize relations between emerging markets' project developers and their financing counterparts in the West.
FIA facilitates efforts of both financiers and project developers and pre-selects the most viable corporate financing deals from all over the world with main focus on East European countries and, particularly, Commonwealth of Independent States.
FIA's members are independent entities whose chief consolidating rationale is participation in joint activity aimed at matching the best projects and sources of their financing. Additionally, FIA, thanks to its considerable experience in communication with Governmental authorities and structures, is able to assist in bona fide negotiating special investment privileges, such as Government guarantees, trading quotas, export licensing, economic and tax franchising, etc.
Since it's inception, FIA has assisted its members to accomplish financing on total amount of over 1 billion US Dollars. Working closely with all negotiating parties, it has been able to properly guide its participants through intricacies of global legislation and interpersonal contacting. Our typical participants from the project developer side have been Governors of free economic districts, local rulemakers of all levels, as well as enterprises of private and mixed ownership and their management belonging to the following sectors:
- Oil & Gas
- Processing of metals and minerals
- Navigation, Ports and Freight
- Exploration: raw materials, drilling
- Machinery and car-making
- Chemical industry
- Consumer goods production
- Trade & Merchandise
- Public services
To date, FIA has accumulated one of the most extensive and complete by the Western standards databases of East European enterprises and projects totaling more than three hundred. Some of the projects are ready to be presented, but many are still undergoing historical and financial data collection, verification and conversion of their financials into GAAP. Regardless of the state of these projects' documentation polish-making, FIA will soon be able to give selective access to this database to its dedicated members, after accomplishing reconstruction of our main Web page.
Why should I invest in CIS?
Commonwealth of Independent States, despite well-known setbacks over the past couple of years, remains a union of rather intellectually advanced countries with highly educated population possessing prominent scientific research and development potentials. There are still sufficient premises for it to become one of the largest hi-tech consumer markets in the world, as well as major developer of the new technologies.
In 1992 alone Russia had produced 936,000 automobiles, 3,6 million TV sets and 3,2 million refrigerators. Besides, it has been refining about 77.1 million tons of steel annually occupying the third place in the world (after USA and Japan) and 48,9 million tons of iron (the third place after Japan and China). It has been retaining the second place after USA by electricity production.
The Russia's population accounts for 150 million people, of whom more than a half are high school graduates. The level of illiteracy is one of the lowest in the world (for example, less than in USA). Many scientists with the global fame - mathematicians, physicists and chemists - are Russians by their origin (Pavlov, Vernadsky, Kurchatov, Cherenkov, Landau, Sakharov, Ioffe, Lebedev, etc.) Russian literature, music and art - all have rich cultural customs and are well recognized in the world.
The territory of Russia is by many times more than entire Western Europe and, therefore, contains countless natural resources. Russia possesses gigantic oil, coal, natural gas, minerals, metals and timber resources. It has been one of the largest suppliers of metallic minerals, whereas by nickel resources it has been retaining the first place in the world. According to experts, nowadays Russia's fuel resources account for 25% of the world's total.
Despite the population's purchasing power remains relatively limited, its small, but continuously increasing part becomes wealthier year by year, even measuring it by the Western standards. Russia has become one of the largest importers of the luxury class Western automobiles. Capacity of its domestic market in the meantime is rather notable and proves to extend steadily as the living standards will increase. Sales of TV equipment in 1993 increased by 39%, while the number of car-owners rose by 9%.
Russian Government fully realizes that the success of the economic reforms largely depends on the country's ability and willingness to replace outdated production monsters with small mobile commercial enterprises. The Government's policy aims at strengthening of the small enterprises' market standing, as well as support of entrepreneurship and foreign companies' and individual investments in order to finance small enterprises. The Government makes efforts creating comprehensive legislation base for foreign investors: it has been actively adopting new pertinent laws aimed at stimulating direct foreign investment and aid and prompt investors to take more proactive approach in participation in the current economic transformation.