Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Still Rolling who wrote (218)	6/11/1998 6:19:00 PM
From: Real Man	Read Replies (1) of 1301

Sorry, my keyboard stopped working before I finished that post. The regime is fairly corrupt; you can do literally nothing without a bribe in Russia (sadly, that was always true) In addition, how else can one explain the fact that the former state property is owned now by former communists who happened to be close to the government at various stages? A lot was written about corruption of various leaders (including Chubais, whom the West just loves), so ordinary people just see this as stealing. As a result, they are very reluctant (to put it politely) to pay taxes to such a government (I would say NOTHING about current government, but people are still reluctant). The western banks probably also know about it, so they are reluctant to lend more. I hope this (corruption) will gradually go away as the country progresses. As for stocks and TRF - they are very cheap. But the trend is currently down, the commodities are weak, the yields (and rates) are high, and the country so far slides more and more into crisis. We'll see if there will be a bounce now from the recent lows. -Vi

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