INSTITUSION FACTORS IMPACT ON THE INVESTMENT CLIMATE OF RUSSIAN MACRO-REGIONS
Monitoring investment appeal of the Russian macro-regions area for the period 2000-2008 is carried out in this paper. The main conclusion is in the fact that the Russian macro-regions cannot develop using internal recourses and very important institution reforms. Positive investment climate of Kaluga area is based on the correct institution reforms and make possible the impact on the financial crises to low.