08 April 2004 07:47
MOSCOW WELCOMES U.S. INTENT TO CREATE FUND FOR RUSSIAN COMPANIES
"Stepashin has welcomed the intent of several industrial and
financial structures of the U.S., which was announced during the
meeting, to create a fund for supporting small and medium-sized
MOSCOW. April 7 (Interfax) - Chairman of the Russian audit chamber Sergei Stepashin, who is currently on an official
visit to the United States, met with U.S. businessmen on Tuesday and said Moscow welcomes the U.S. intent to create a
fund for supporting small and medium-sized businesses in Russia.
Stepashin said that the Russian audit chamber, as one of the
institutions participating in the fulfillment of the Russian
businesses in Russia," reads a message from the information and public relations department of the Russian audit
chamber.
authorities' program to create a civilized market in the country, will make further efforts to create favorable
conditions for investments from both foreign and domestic entrepreneurs.
Stepashin also said that "the analysis of the results of privatization over the last ten years that was
initiated by the Russian audit chamber is aimed at discovering cases of flagrant violations of the laws that were in
effect at the time [of privatization], if such cases exist. The main aim of the analysis, however, is to determine the
efficiency of privatization, including the economic and financial profits that the government received from privatizing
structures."
"Thus, the management of the companies, which did not allow flagrant violations to occur and are now paying all
the necessary taxes to the federal and local budgets, will be taken out of the period of unclearness, and the business
community will be completely convinced that the results of privatization are irreversible," the statement says.
Representatives of the Boeing, General Electric and Hewlett Packard companies, as well as several other U.S. business
structures were present at the meeting with Stepashin, the statement says.
[Interfax] |
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