scholarly journals Analysis of the Current State of the Investment Climate in Russia

2021 ◽  
pp. 12-21
Author(s):  
N.A. Budarina ◽  
◽  
A.A. Snegireva ◽  
Keyword(s):  
Russian Federation ◽  
Investment Climate ◽  
Foreign Investments ◽  
Investment Activity ◽  
Investment Projects ◽  
Current State ◽  
Corona Virus ◽  
The Russian Federation ◽  
Forecast State ◽  
The Impact

The general economic situation of the countries can be characterized by one important factor – the investment climate. A favorable investment climate is the most important condition for attracting investment flows and subsequent eco-nomic growth in the country. Important criteria for making decisions in the field of investment activity are the assess-ment of the investment climate at the macro level. The article analyzes the current state of the investment sphere and the investment climate in the Russian Federation. The study provides an assessment of the dynamics of the number of foreign direct investment projects in the country from 2015 to 2019, the main investment donor countries for Russia as of 2019, and the most attractive industries and sectors of the Russian Federation for 2010–2019. The article considers the main regions-recipients of foreign investments. The study contains an analysis of the implementation of investment projects in the Russian Federation as of 2019. When studying the investment climate of the Russian Federation, it is necessary to take into account the corona virus pandemic, since this crisis could not but affect the volume of invest-ments and the implementation of investment projects. That is why the data for 2020 are considered separately: the impact of the corona virus infection on the implementation of investment projects, the factors of the corona crisis af-fecting investment flows, and the forecast state of the investment market at the end of 2021. The article presents the megatrends that have intensified after the pandemic and affect the investment climate of countries.

The development of the pension system of Russia: Challenges and opportunities

2021 ◽  
Vol 27 (11) ◽  
pp. 2548-2574
Author(s):  
Andrei I. MASTEROV
Keyword(s):  
Russian Federation ◽  
Pension System ◽  
Investment Project ◽  
Investment Climate ◽  
Demographic Trends ◽  
Investment Projects ◽  
Challenges And Opportunities ◽  
The Russian Federation ◽  
Low Efficiency ◽  
The Impact

Subject. This article analyzes the economic and demographic conditions for the Russian pension system’s development and the impact of the effectiveness of investment projects implementation on pension savings. Objectives. The article aims to analyze the Russian pension system’s development difficulties in terms of an unfavorable investment climate and negative demographic trends, and identify ways to propel the pension savings investing profitability increase. Methods. For the study, I used induction and deduction, and the methods of systems and statistical analyses. Results. The article offers recommendations for the development of a system of measures aimed at improving the methodological support for the preparation and implementation of management decisions on investment project management. Conclusions and Relevance. Solving the problems of the pension system through the development of voluntary pension savings is constrained by the low efficiency of the investment projects implementation. The results of the study can be used when developing legislative, organizational and methodological measures aimed at improving the efficiency of investing pension savings in investment projects implemented in the Russian Federation.

scholarly journals Regulating the tourism industry to attract foreign investments at risk of force majeure events

2020 ◽  
Vol 6 (Extra-C) ◽  
pp. 299-306
Author(s):  
Monica-Nataliia Laurensovna Wagner ◽  
Sergey A. Makushkin ◽  
Vitaly V. Goncharov ◽  
Dariana Dmitrievna Maksimova ◽  
Vladimir Dmitriyevich Sekerin ◽  
...  
Keyword(s):  
Russian Federation ◽  
Tourism Industry ◽  
Investment Climate ◽  
Foreign Investments ◽  
Current State ◽  
Force Majeure ◽  
Political Program ◽  
The Russian Federation ◽  
Economic Zones ◽  
Tourist Service

This article studies the legislative regulation of tourist activities in order to improve the investment climate. The authors consider the current state of the tourist services market and the reasons why the flow of tourists has significantly decreased and analyze the refund policy in case it is impossible to provide a tourist service due to the closure of the border during the pandemic. Based on the analysis of the international experience and the tourism industry in the Russian Federation, the authors developed recommendations to improve existing legislation and government policy towards the tourism industry, which should guarantee the influx of investments. In addition, they addressed the issue of attracting foreign investments to the tourism industry within the scope of public-private partnerships, as well as the issue of the creation of special economic zones of the tourist and recreational type. The authors concluded that it is necessary to form a clear political program for the development of tourism in the Russian Federation and to apply comprehensive measures to create conditions in which Russian tourism develops more effectively.    

INVESTMENT ACTIVITY AS ONE OF THE FACTORS OF ECONOMY DEVELOPMENT

2019 ◽  
pp. 25-31
Author(s):  
A.V. Korchemnaya
Keyword(s):  
Strategic Planning ◽  
Public Administration ◽  
Russian Federation ◽  
World Market ◽  
Planning System ◽  
Investment Climate ◽  
Investment Activity ◽  
System A ◽  
The World ◽  
The Russian Federation

Competitiveness of Russia economy under modern conditions demands systemacy of public administration. As a result of creation of national strategic planning system a number of govern-ment programs aimed at the economy development of the Russian Federation and perspective en-trance of the country to the world market is carried out. One of the main tasks of the economy de-velopment is creation of favorable investment climate in the country, investment activity, attraction of investments into the economy of the country’s regions.

scholarly journals State Procedures for Improving the Investment Climate in the Russian Federation: Prospects for Improvement

2022 ◽  
pp. 70-80
Author(s):  
D. E. Mereshkin ◽  
V. A. Plotnikov
Keyword(s):  
Russian Federation ◽  
Entrepreneurial Activity ◽  
Investment Climate ◽  
Investment Activity ◽  
Private Companies ◽  
Russian Economy ◽  
Key Characteristics ◽  
The Russian Federation ◽  
Business Entities ◽  
National Investment

The COVID-19 pandemic interrupted many trends that had developed before it and again updated the issue of modernizing the Russian economy, restarting the mechanisms of economic growth and sustainable socio-economic development. The key to resolving these issues is to increase the investment activity of the business. The investment climate is one of the key characteristics that testify to the freedom of entrepreneurial activity, the ease of opening and conducting business, the quality of regulatory procedures in the economy, the effectiveness of business entities, and the provision of equal opportunities for the development of the private sector. A favorable investment climate reveals the potential for the development of private companies. The article considers the system of state procedures in the field of improving the national investment climate, gives a brief description of the main tools and projects to improve the investment climate, analyses the changes in the main target indicators of investment attractiveness of the Russian Federation.

Formation of the national innovation system of tourism development as a factor of investment climate improvement in the region

2015 ◽  
Vol 9 (2) ◽  
pp. 34-39
Author(s):  
Хаджимурад Халимбеков ◽  
Khadzhimurad Khalimbekov ◽  
Заира Шахбанова ◽  
Zaira Shakhbanova
Keyword(s):  
Russian Federation ◽  
Innovation System ◽  
Tourism Development ◽  
National Innovation System ◽  
Tourism Industry ◽  
Investment Climate ◽  
Cluster Approach ◽  
Tourism Sector ◽  
The Russian Federation ◽  
The Impact

The article analyzes the impact of tourism on improving investment climate in the region. The main factors of investment attractiveness of the developing areas of tourism are considered, among which the ability of the tourism industry to develop on almost any site with a variety of conditions and resources of activity that is related to diversity of tourist activities; and the multiplier effect of tourism development which contributes to the development of related sectors of activity. The article presents the results of a study of various aspects of the formation of the national innovation system for the development of tourism. In particular, characterized are the features of the implementation of the cluster approach to the development of tourism in the territories of the Russian Federation, among which the most outstanding are: the lack of experience in the implementation of the cluster approach or unsuccessful attempts to copy foreign experience; priority areas in the development of only one type of clusters — the territorial-production; imperfection of the regulatory framework. These problems, according to the authors, exist along with the typical problems of tourism clusters, which include inadequate specialized infrastructure and services; the poor state of the key tourist sites; failure to comply with quality standards (or their absence) for services offered to tourists. According to the analysis of the legal documentation in the tourism sector of the Russian Federation and monitoring of the development of tourist areas in the article substantiated is the conclusion about the need to tough public policy, defining legal boundaries and strategic guidelines for the development of tourism on the innovative type, as well as the need to adjust the existing practice of tourism territories, which currently does not increase the investment attractiveness of regions.

scholarly journals Legal Provision of State Guarantees in the Investment Sphere

2017 ◽  
Vol 6 (1) ◽  
pp. 26-31
Author(s):  
Целовальникова ◽  
I. Celoval'nikova
Keyword(s):  
Russian Federation ◽  
Industrial Development ◽  
Federal Budget ◽  
Innovation Activity ◽  
Investment Activity ◽  
Investment Projects ◽  
Consulting Services ◽  
Industrial Projects ◽  
The Russian Federation ◽  
Stimulation Of

The article deals with the provisions of the current legislation containing measures of state stimulation of investment activity for the purpose of industrial development and production of competitive products. Among the array of legislation, the author identifies the position of the industrial policy under which conditions are created for legal, economic and organizational stimulation of legal entities and individual entrepreneurs to establish or maintain (modernizing) industrial projects in the Russian Federation. The author points out that the legislation provides for financial assistance in terms of grants from the federal budget of the Russian Federation, the budgets of the Russian Federation, local budgets; the possibility of concluding a special investment contract; provision of information and consulting services; support scientific and technological activity and innovation activity of investors in the industry. The article details the procedure for granting state guarantees of the Russian Federation on loans or bond loans, attracted for implementation of investment projects related to the creation of new or renovation of existing social, agroindustrial, industrial, utility and transportation facilities, and the possibility of their further exploitation. The authors point to the desirability of introducing legislation on investment activities, the provisions on the criteria for the recognition of investment objects as socially important facilities in the Russian Federation.

scholarly journals Integration of investment strategies in the system of strategic planning of territorial development

Upravlenie ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 87-94
Author(s):  
O. V. Kozhevina
Keyword(s):  
Strategic Planning ◽  
Russian Federation ◽  
Legal Regulation ◽  
Economic Security ◽  
Regional Level ◽  
Russian Regions ◽  
Investment Climate ◽  
Territorial Development ◽  
Investment Projects ◽  
The Russian Federation

The issues of legal regulation of investment activity at the level of the Federation entities of the Russian Federation have been considered. The purpose of the research is the study of strategic documents in the field of investment activities of the Federation entities of the Russian Federation and the regulatory framework. The object of the research is the mechanism of strategic planning of investment development of territories. An empirical study of the implementation of investment processes in Russian regions has showed, that legal regulation is heterogeneous, but in general, well presented and allows improving the investment climate and encouraging investment, as well as to some extent influencing the economic security of the regions. The experience of the functioning of specialized organizations to attract investment and work with investors, the organization of public-private partnership at the regional level has been studied. The algorithm of approval of investment projects of territorial development has been presented.On the example of a large Russian region - the Altai Territory - the provisions and principles of the investment declaration of the subject, such as equality of the subjects of entrepreneurial and investment activities, involvement of subjects of entrepreneurial and investment activities in the investment process, transparency (openness) of information, the use of best practices of work with investors have been considered. A set of internal measures and instruments for the implementation of an effective investment policy at the regional level has been determined. Attention has been paid also to the relevant issue of concluding concession agreements as a way to develop territories and implement infrastructure projects. Internal measures have been proposed to increase the investment attractiveness of the Russian regions, in particular, are necessary the transformation of the business climate, increasing the responsibility of regional executive authorities for the investment development of territories and creating a favorable investment climate, ensuring the availability of long-term financing sources for investment projects, the development of venture financing and crowdfunding. 

scholarly journals The global economy and vegetable growing in Russia in the context of the COVID-19 pandemic (results of 2020 and prospects for recovery

2021 ◽  
pp. 5-14
Author(s):  
V. F. Pivovarov ◽  
R. A. Meshcheryakova ◽  
T. N. Surikhina ◽  
O. A. Razin ◽  
A. A. Tareeva
Keyword(s):  
Russian Federation ◽  
Global Economy ◽  
Agricultural Sector ◽  
Raw Materials ◽  
Industrial Complex ◽  
Investment Activity ◽  
Access To Credit ◽  
The World ◽  
The Russian Federation ◽  
The Impact

The article examines the results of the impact of the COVID-19 pandemic on the global economy and the economy of the Russian Federation at the end of 2020. The quarantine measures introduced by the countries continue to negatively affect the economic situation in the world and the economies of individual countries. There is an acute shortage of seasonal workers in the agricultural sector of the countries of the world. The introduction of restrictions on the export of goods reduced the volume of imports. In Russia, the growth rate of imports from non-CIS countries has decreased. In January 2021, compared to January 2020, imports for food products and raw materials for their production decreased by 4.2%, and for vegetables – by 11.5%. According to the Federal Customs Service, the export of vegetables increased 3 times in terms of physical volumes and only 11% in terms of value. The growth in the physical volumes of export of products of the agro-industrial complex of the Russian Federation did not lead to a corresponding increase in revenue. The prices for vegetables imported into the country were 2.5-3.4 times higher than the prices for exported ones. Despite some difficulties, losses in this area due to the pandemic were minimal. The gross harvest of vegetables in the country as a whole amounted to 13.8 million tons, which is 1.7% below the level of 2019. At the same time, the gross harvest of vegetables in open ground decreased by 3.1%, vegetables in protected ground increased by 6.6%. Difficulties encountered in implementation. During the crisis period due to the COVID-19 pandemic, the demand for vegetables fell by 30%. Consumers, in an effort to improve their immunity, began to buy more environmentally friendly and healthy products, including vegetables. The demand for organic products has grown by 15-20%. To accelerate the economic recovery, it was necessary to take additional measures on the part of states to support producers and consumers, restore purchasing power and help businesses, expand access to credit resources, stimulate investment activity, and reduce the tax burden on businesses and the population. In Russia, financial support for the main measures of state policy in the field of the agro-industrial complex is carried out within the framework of the implementation of the State Program for the Development of Agriculture and the regulation of markets for agricultural products, raw materials and food.

Does the investment climate rating influence the economic development of the region?

2019 ◽  
pp. 90-102
Author(s):  
Philipp S. Kartaev ◽  
Konstantin E. Polunin
Keyword(s):  
Economic Development ◽  
Panel Data ◽  
Russian Federation ◽  
Skilled Labor ◽  
Investment Climate ◽  
Highly Skilled ◽  
The Russian Federation ◽  
National Investment ◽  
The Impact

The paper examines the impact of improving the characteristics of the national investment climate rating of a subject of the Russian Federation on economic development. Based on the analysis of regional panel data for the period from 2014 to 2018, it was shown that an increase in the rating of a region is associated with an inflow of investments and an increase in GRP. One of the identified channels of this influence is associated with the market of highly skilled labor. It is demonstrated that, given the inaccessibility of detailed information about the results of the regions development to investors, the rating does not fully function as a signal to them. Based on the obtained results, the recommendations for improving the rating methodology were formulated.

scholarly journals Modern Problems and Prospects for the Development of the Insurance Market in the Russian Federation

2021 ◽  
pp. 84-95
Author(s):  
Elena Gushchina ◽  
Valeria Vinogradova
Keyword(s):  
Russian Federation ◽  
Monopolistic Competition ◽  
Insurance Market ◽  
Barriers To Entry ◽  
The Past ◽  
Current State ◽  
The Russian Federation ◽  
The Impact ◽  
Further Development

The role of insurance in a person’s life is undoubtedly great because it serves as the most effective tool in case of loss of property, health problems, business protection, etc. The purpose of the article is to assess the current state of the insurance market in Russia and identify problems that arise during its functioning. The research methodology consists in summarizing and comparing data characterizing various components of the insurance market. The article analyzes the current state of the insurance market in Russia with a falling number of insurers by more than 20 % over the past 3 years, the share of top insurers continues to grow every year, over the past 3 years the growth has amounted to 12 %. Calculations that indicate a change in the level of concentration in the insurance market of the Russian Federation have been made. Based on the results of the analysis, it was concluded that there is monopolistic competition in the market. The main factors influencing the level of competition in the market under consideration, namely, barriers to entry into the industry and their impact, were studied Due to the relevance of the research, the analysis of the impact the pandemic has on the Russian insurance market was carried out and the prospects for the development of the market were considered. Identifying the weaknesses of insurers made it possible to determine the priority areas for further development: intensive digital transformation of business, marketing, advertising.

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