Vocabulary notes:

1. portfolio investments портфельные инвестиции

2. to implement выполнять, осуществлять

3. to exceed превышать

4. joint ventures совместные предприятия

5. to effect поставлять

6. wastes отходы

7. to exempt освобождать отходы

Ex.15. Scan the text and give English equivalents for

иностранные инвестиции; объем прямых капиталовложений; реализовывать; портфельные инвестиции; международные тендеры; совместные предприятия; переработка природных ресурсов; поставлять на экспорт; поступление импортных товаров; придавать большое значение; делать все возможное; вводить налоговые льготы; освобождать от налога на прибыль; освоение месторождений полезных ископаемых; строительство объектов.

Ex.16. Give Russian equivalents for

foreign investments; the volume of direct capital investments; to come into the privatized enterprises; the attraction of foreign credit; to develop the mineral resources; the share of joint ventures; the considerable amount of import goods; to create the most favourable conditions; to be exempt from a profit tax.

Ex. 17. Translate from Russian into English.

1. В экономике края все более заметную роль играют иностранные инвестиции.

2. На территории края уже создано свыше 500 предприятий с иностранными инвестициями.

3. Общий объем зарегистрированных зарубежных инвестиций в экономику края превысили 120 млн. долларов.

4. Основными сферами деятельности СП являются добыча и переработка природных ресурсов, внутренняя и внешняя торговля, услуги в области транспорта и связи.

5. Все более заметное количество иностранных товаров поступают в край через совместные предприятия, созданные с фирмами разных стран.

6. Придавая большое значение привлечению иностранных инвестиций, администрация Хабаровского края и краевая Дума делают все возможное для создания более благоприятных условий зарубежным

7. С этой целью на территории края введены налоговые льготы.

Ex.18. Answer the following questions:

1. What plays a considerable role in the economy of the Khabarovsk Territory?

2. Is the volume of direct capital investments constantly growing?

3. What investments begin to come into the privatized enterprises?

4. Why have the first international tenders been established?

5. How many enterprises with foreign investments were established in the Territory?

6. What are the main spheres of activity for the joint ventures?

7. What is the share of joint ventures in the total volume of export?

8. What do enterprises with foreign investments export?

9. What do joint ventures import?

10. What conditions do the Administration of the Khabarovsk Territory and the Territorial Duma attempt to create for foreign investors?

Ex. 19. Make up an outline of the text. Write out the key words for each point of the outline.

Ex.20. Read and reproduce the dialogue. Work in pairs.

Mr. Novikov: Mr. Robinson: Mr. Novikov: Mr. Robinson: Mr. Novikov: Mr. Robinson: Mr. Novikov: Mr. Robinson: Mr. Novikov:

Mr. Robinson, have you considered our request to grant us credit for the construction of a new oil pipe-line in our country? Yes, Mr. Novikov, we have. We know that you are implementing a wide programme of natural developments and are ready to extend credit for the construction of the project. I am glad to hear that. And on what terms? The credit can be granted for 5 years at 12% per annum. The interest rate seems to us somewhat overestimated, Mr. Robinson. Could you reduce it? We can't make you such a concession. We believe that the 12% interest rate is Quite reasonable. I see, Mr. Robinson, we’ll have to think over your proposal. Will you consider the possibility of your repaying the credit in our traditional export goods, please? Yes, we shall. But we believe it reasonable to provide for the repayment of the credit in hard currency as well, if the traditional export goods are not available. No objections, Mr. Robinson.

Ex.21. Try this quiz with a partner.

1. If a Canadian businessman keeps stepping backwards while he's talking to a Mexican businessman, this means ...

a) he doesn't like Mexicans;

b) the Mexican is trying to be too friendly;

c) Northern people don't feel comfortable standing as close to another

person as Southern people normally do;

d) Canadians are less friendly than Mexicans.

2. If you are receiving a business card from a Japanese person, it is more polite to take it with ...

a) your left hand;

b) your right hand;

c) both hands;

d) one hand and present your own card with the other.

3. If you are meeting an Arab client it is polite to ...

a) get straight down to business;

b) wait until he raises the topic of business;

c) stick to small talk for the first few minutes;

d) ask him to close the door of his office to prevent interruptions.

4. If someone shakes your hand very hard and long, this means ...

a) they are very pleased to see you;

b) they are trying to show you that they are sincere;

c) they are waiting for you to say something;

d) they are reliable and friendly.

5. If someone always looks you straight in the eye, this means that they are

a) honest;

b) rude;

c) trying to frighten you:

d) being friendly.

6. Which is the best definition of a good conversationalist:

a) someone who always has plenty to say;

b) someone who has plenty of amusing stories to tell;

c) someone who will listen carefully to what you have to say;

d) none of these (give your own definition).