of the factors that contribute to the investment attractiveness of the region is Russia’s integration into the system of international law that regulates cooperation in the sphere of investment. Some of the steps made in this direction are as follows:
• conclusion of 33 intergovernmental agreements concerning mutual protection and stimulation of investments;
• accession to two international conventions, namely, Washington convention on the procedure of settling investment disputes between governments and foreign investors (1965) and Seoul convention on establishment of the Multilateral Investment Guarantee Agency (1985);
• conclusion of the agreement with the European Energy Charter;
• accession to the International Monetary Fund and International Bank for Reconstruction and Development.
Source: http://www.krskstate.ru
Vocabulary list
legislative acts – законодательные акты
the Civil Code – гражданский кодекс
additional guarantees – дополнительные гарантии
purpose-oriented character – целевой характер
budget distribution – распределение бюджета
regional budget use – использование краевого бюджета
diversification of risks – диверсификация (распределение) рисков
mutual responsibility – совместная ответственность
authorized capital – уставной капитал, акционерный капитал
leasing payments – лизинговые выплаты
to render information – предоставить информацию
Earth bowels – недра земли
long-term compromise – долгосрочный компромисс
general quantum of output – общий объем продукции
production output – выпуск продукции
compensatory production – компенсационная продукция
duties and excises – пошлины и сборы
value form – форма стоимости
non-recurring payments – единовременные выплаты
value added tax – налог на добавленную стоимость
on a contractual basis – на договорной основе
joint venture – совместное предприятие
joint-stock company – акционерное общество
limited partnerships – товарищество с ограниченной ответственностью
general partnerships – полное товарищество, товарищество с неограниченной ответственностью
juridical person – юридическое лицо
intergovernmental agreements – межправительственные соглашения
the Multilateral Investment Guarantee Agency – Многостороннее агентство по гарантиям инвестиций
European Energy Charter – Европейская энергетическая хартия
International Monetary Fund – Международный валютный фонд
International Bank for Reconstruction and Development – Международный банк реконструкции и развития
Task 2. Give the English translation equivalents of the following Russian words and expressions from the above text.
Инвестиционная активность, льготы на аренду недвижимого имущества, инвестиционный налоговый кредит, финансовые и нефинансовые формы поддержки, минеральный сырьевой комплекс, премиальные дивиденды, ежегодные выплаты, геологоразведка, степень риска, налог на добычу полезных ископаемых, полностью или частично передать права, госпошлина, нотариально заверенный, сотрудничество в инвестиционной сфере, международная конвенция.
Task 3. Give the Russian translation equivalents of the following expressions with the keyword “budget”.
Fixed budget, limited budget, low budget, shoestring budget, small budget, tight budget, generous budget, large budget, annual budget, monthly budget, weekly budget, family budget, personal budget, federal budget, government budget, municipal budget, national budget, state budget, defense budget, housing budget, health budget, military budget, social security budget, to get budget, to have budget, to allocate budget, to draw up budget, to plan budget, to propose budget, to submit budget, to approve budget, to keep to budget, to exceed budget, to overspend budget, to cut budget, to reduce budget, to increase budget, budget expenditure, budget deficit, budget surplus, budget constrain, budget proposals, below budget, in the budget, on budget, over budget, within budget.
Task 4. Translate the following mini-texts into Russian, paying attention to the bold words and expressions.
1. In many developing countries such as India, sales tax/VAT are key revenue sources as high unemployment and low per capita income render other income sources inadequate. However, there is strong opposition to this by many subnational governments as it leads to an overall reduction in the revenue they collect as well as of some autonomy.
2. In accounting language, the term non-recurring
