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Microcap & Penny Stocks : HGRM--Any Followers? -- Ignore unavailable to you. Want to Upgrade?

To: Bob Smith who wrote (2481)	5/4/1999 1:18:00 PM
From: george eberting	Respond to of 3576

There it is. I couldn't find that. Thank you. There really is a lot of good info available here and there on the Russian economy (poor), tax collection (increasing), failure of Russian banks (is the one guaranteeing our payment one of them?), and so on. An example from a Feb. edition of rfe/rl Newsline: INCOME UNDERREPORTING HIDES ONE-FIFTH OF RUSSIAN ECONOMY About one-fifth of Russia's economy operates in the "shadows," with businesses concealing or underreporting their income in order to avoid taxes, according to the State Statistic Committee's estimates, Interfax reported on 15 February. The amount of income hidden varies by season and across sectors, with unreported agricultural income rising in the summer and the fall. The trade sector conceals 60 percent of its income, compared with 10-11 percent in industry. JAC