Financial performance of JCS “ Russian railways” and its influence on possibility of attracting financial resources for financing of investment demands of railway transport

The article swells upon the problem of reforming Russian railways. On the basis of studied material it is established that the actions, begun with reform, are insufficient for creating, in short terms, effective sources for renewal of basic funds. The large-scale attraction of financial resources in developing a sector hasn’t been happened, the conditions for steady growth and increasing competitiveness haven’t been created. The author suggests a method of applying financial analysis for the analysis of investment appeal of the company

Assessment method of investment projects efficiency in view of the risks

The article discusses the problem of accounting for risk and uncertainty in decision-making on investment. At the same time the analysis of existing methods for risk assessment of investment projects. The paper presents the definition, the author's classification of the risks inherent in investment projects, delimiting risks in groups and stages of the implementation of the investment project. The authors have developed a phased method of accounting risk by incorporating risk premium in the discount rate, combines qualitative and quantitative risk assessment methods