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 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.

scholarly journals Bank Loan as a Source of Financing an Investment Project

2019 ◽  
Vol 5 (12) ◽  
pp. 292-297
Author(s):  
S. Belyaev
Keyword(s):  
Russian Federation ◽  
Investment Project ◽  
Bank Loan ◽  
Project Financing ◽  
Investment Projects ◽  
Bank Financing ◽  
Literary Sources ◽  
Fixed Assets ◽  
The Russian Federation

The purpose of this article is to consider a bank loan as a source of financing for investment projects. To achieve this goal, the following tasks were solved: the structure of investments in fixed assets in the Russian Federation by sources of financing was investigated; the forms of bank financing of investment projects are characterized, types of project financing are identified depending on the distribution of risks between the bank and the borrower. During the study, the following methods were used: a review of literary sources, comparison and grouping.

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 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 role of innovation in ensuring the economic security of regional systems

2021 ◽  
Vol 82 (4) ◽  
pp. 277-284
Author(s):  
T. A. Volkova ◽  
S. A. Volkova
Keyword(s):  
Russian Federation ◽  
Empirical Studies ◽  
Economic Security ◽  
Innovative Development ◽  
Scoring Method ◽  
Progressive Development ◽  
Federal Districts ◽  
The Russian Federation ◽  
Low Efficiency ◽  
The Impact

The article is devoted to the study of the influence of the development of innovations on the economic security of the regions. Based on the assumption that innovative development plays a key role in the process of ensuring the economic security of the region, the authors proposed a system of indicators for assessing the innovative component of the economic security of the region, including the indicators of economic security reflected in the Decree «On the Strategy of Economic Security of the Russian Federation for the Period up to 2030». The impact of innovations is realized through the achievement of the goals of ensuring the country's security, among which is the dynamic and progressive development of the economy. The authors proposed a methodology for assessing the innovative component of economic security based on the scoring method, developed an assessment scale for interpreting the results of calculations, assessed the innovative security of regional economic systems of the Federal Districts of Russia for the period 2015–2019. As a result of the analysis, factors were identified that hinder innovative development and negatively affect the provision of economic security at the regional level: underdevelopment, low efficiency of the innovation infrastructure, reduction of internal costs for research and development, a decrease in the number of developed advanced production technologies, and others. It has been established that the economic security of a region depends on its ability to perceive innovations, while institutional factors have a significant impact on the pace of development. The work has improved the methodological tools for diagnosing the innovative security of the regions of the Russian Federation by optimizing the system of criteria for its assessment. The results of the empirical studies carried out confirmed the possibility of practical use of the developed methodology for diagnosing the innovative security of the regions of the Russian Federation and identifying priority areas for its improvement.

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.

LEGAL ASSESSMENT OF THE FEDERAL LAW "ON PROTECTION AND PROMOTION OF CAPITAL INVESTMENTS IN THE RUSSIAN FEDERATION"

2021 ◽  
pp. 135-140
Author(s):  
Olga A. Zykova ◽  
Keyword(s):  
Russian Federation ◽  
Investment Project ◽  
Private Investment ◽  
Capital Investments ◽  
Investment Climate ◽  
Federal Law ◽  
Russian Economy ◽  
Private And Public ◽  
The Russian Federation ◽  
Investment Law

The growing issue of attracting private investment in the Russian economy from year to year gave rise to the development of new measures of support from the state in relation to organizations implementing an investment project, which also form the most favorable investment climate in the country. Such preferences, which consist in a stabilization clause, are contained in the new Federal Law No. 69-FZ of 01.04.2020 “On Protection and Promotion of Capital Investments in the Russian Federation”. However, based on the conducted research, it is concluded that there are a number of legal imperfections, which are expressed in a number of conditions, non-compliance with which entails the inadmissibility of concluding an agreement on the protection and promotion of investment between a private and public person. At the same time, those provisions are so unattainable, infringing and limiting that the question of the expediency of the analyzed investment law will be justified. That is why proposals were made to adjust the rules, which would allow widening the range of persons entitled to state support and thereby attract their capital as an investment in the Russian economy – that is, to achieve the goals originally set.

scholarly journals Modern challenges and prospects for the development of BIM-modeling in Russia in the age of digitalization

E-Management ◽  
2020 ◽  
Vol 3 (3) ◽  
pp. 20-27
Author(s):  
N. V. Vozgoment
Keyword(s):  
Russian Federation ◽  
Construction Projects ◽  
Technological Development ◽  
Investment Project ◽  
Information Design ◽  
Information Modeling ◽  
Construction Sector ◽  
The Russian Federation ◽  
Concept Of Information ◽  
The Impact

The article analyses the general problems of implementing BIM technologies in the construction industry of the Russian Federation. The paper determines the influence of the concept of scientific and technological progress on the development of information modeling in construction. The author reflects the concept of BIM modeling in the economic sphere. The study considers the stages of implementation and problems of adoption of innovative technologies in construction. The author suggests ways out of the current practice of organizing mutual relations between participants in the construction process.The article considers the fundamental and key aspects of the processes of domestic development of information design programs in the construction sector and in the Russian economy as a whole. The paper reflects the influence of foreign initiative and foreign funding in the functionality of information design software utilities. The study reflects the impact of the introduction of information BIM technologies in the construction processes at various stages of the investment project development: from development and design to commissioning, subsequent use and, if necessary, demolition of the object. The author presents arguments that justify the need to develop BIM modeling in the construction processes in Russia.The paper gives a modern interpretation of the concept of information modeling in construction on the territory of the Russian Federation. The author supposes that it is not necessary to introduce information BIM modeling in Russia at all acceptable scales (volumes) of its technological development abroad. The article presents the main activities that contribute to the development of progress in the implementation of BIM technologies on the territory of Russia in the construction sector and in general in the domestic business. The study considers and systematizes the goals and objectives of digitalization of the economy, including in construction. The paper discusses design functions in construction, promising variations of improving the quality of construction projects and reducing the level of risks and costs of the project.

Sign in / Sign up

Export Citation Format

Share Document