Russia's best-kept bargain. (Vladivostok stock exchange)

From: The Economist (US) | Date: September 4, 1993 | Copyright information

Shares of privatized companies are traded on the Vladivostok exchange. Trading volume averages $25,000 to $30,000 per day on the three days per week the exchange is open. A central share registry is needed, and companies being traded are currently undervalued.

VLADIVOSTOK, the home of the Russian Pacific Fleet, used to be one of the most secret cities in the Soviet Union. Until January 1992 few foreigners were allowed to go there, and Russians could obtain a permit to visit the city only if they had relatives living in it. Now the city is open, the fleet is rotting at anchor and ...

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