scholarly journals Global Catastrophe Bond Market and the Prospects of Its Formation in the Russian Federation

2021 ◽  
Vol 13 (1) ◽  
pp. 75-92
Author(s):  
Natalya A. Khutorova ◽  
Keyword(s):  
Russian Federation ◽  
Global Market ◽  
Bond Market ◽  
Investment Fund ◽  
Socially Responsible ◽  
Catastrophe Bonds ◽  
Catastrophe Risk ◽  
Cat Bonds ◽  
Socially Responsible Investments ◽  
The Russian Federation

The article is devoted to the development of instruments for catastrophe risk financing. The state of the global market for disaster risk financing is analyzed in order to identify the main development trends and the possibilities of using conceptual approaches in the Russian practice of the financial market. It is proven that the development of the catastrophe bond market has prospects in conditions of permanent instability, since catastrophe bonds are unique and highly attractive due to the lack of correlation with macroeconomic events. It is suggested that the instruments of catastrophe risk financing can be considered in the context of the development of sustainable finance. The paper identifies the main problems slowing down the development of the Russian catastrophe bond market, and formulates proposals aimed at developing the market for insurance-linked securities (ILS) in the Russian Federation. Pilot CAT bonds emission prospectuses should be based on structured bonds, with elements of a subordinated bond. There is a need to introduce into the Russian legal field a term defining ILS as a category. It is proposed to register special purpose vehicles (SPVs) and catastrophe funds in Russian offshores. The Russian analogue of catastrophe funds should be a closed-end investment fund with high funding for qualified investors. It is proposed to update the formula for calculating the creation of and the procedure for using reserve funds, in particular with the use of catastrophe risk financing tools. A pilot issue of CAT bonds is proposed to be conducted on behalf of VEB.RF, as bonds sponsoring regions exposed to high natural risks. In the process of developing socially responsible investor practice and tools for socially responsible investments, it is suggested to establish a Russian “Green Index” and to create green ETFs in Russia. Due diligence (DD) approaches are recommended for decisions on issuing catastrophe bonds.

PROSPECTS FOR THE DEVELOPMENT OF THE INNOVATIVE MARKET OF CHEMICAL TECHNOLOGIES IN RUSSIA

2021 ◽  
Author(s):  
Natalia Nikolaeva ◽  
Nikita Grinev ◽  
Pavel Barabanov ◽  
Elena Kulyuasova ◽  
Nikolay Kulyuasov
Keyword(s):  
Russian Federation ◽  
Chemical Industry ◽  
Technological Development ◽  
Global Market ◽  
The State ◽  
Economic Relations ◽  
Industrial Enterprises ◽  
Chemical Complex ◽  
The Russian Federation

"The transition of Russia to sustainable economic growth is impossible without stimulating the use of the achievements of science and education, high technologies, promoting innovative activity as an essential premise for the development of social production and subjects of economic relations. For the state, the promotion of innovation is a priority in the economic policy sector, since it is the level of scientific and technological development that largely determines the long-term strategic advantages of the country, and the prospects for the development of the state largely dependent on the level of innovation development. For a long time, the Ministry of Economic Development of the Russian Federation has been implementing the Strategy for Innovative Development of the Russian Federation. It includes 20 key steps and is developed based on the provisions of the concept of long-term development of the Russian Federation. The main results should have been, firstly, an increase in spending on science and innovation, and secondly, an increase in the share of industrial enterprises that introduce innovations in production. It was assumed that their share will increase by 4-5 times by 2020, compared with 2010 year. Not everything has been achieved, and there is a lot to strive for. This study is devoted to the driver of scientific and technological progress - the chemical complex of Russia. The chemical complex plays a significant role in the implementation of the most important socio-economic programs of the country. The study is devoted to the consideration of the most important prospects and key alternatives for the development of the chemical industry related to different areas of innovation. Conclusions will be made on key technologies and products that can change the position of the chemical industry in the global market."

scholarly journals MACROECONOMIC ASPECTS OF THE ANALYSIS OF THE WORLD MARKET OF SPACE PRODUCTS AND SERVICES

2019 ◽  
pp. 77-81
Author(s):  
A. Krishtofor
Keyword(s):  
Russian Federation ◽  
World Market ◽  
Global Market ◽  
International Competition ◽  
Organizational Characteristics ◽  
Space Industry ◽  
Space Activity ◽  
The World ◽  
The Russian Federation ◽  
Global Patterns

The main organizational characteristics of the world space industry in the context of increased international competition have been determined. The most characteristic changes in the global market of space products have been identified. The methodology of the analysis of the world market of space products and services has been presented. As a result of the analysis of the successful international experience in the development of the space industry and the trends of the world space activity, the global patterns, that need to be taken into account in the implementation and planning of measures to improve the competitiveness of space activity of the Russian Federation have been revealed.

scholarly journals Efficiency of the green bond market and its role in regional security

2020 ◽  
Vol 164 ◽  
pp. 09040
Author(s):  
Valentina Karginova-Gubinova ◽  
Anton Shcherbak ◽  
Sergey Tishkov
Keyword(s):  
Russian Federation ◽  
Practical Importance ◽  
Economic Security ◽  
Bond Market ◽  
Green Economy ◽  
Regional Security ◽  
Bond Index ◽  
Lm Test ◽  
The Russian Federation

Financing capital-intensive projects in the green economy is possible through green bonds. The assessment of the economic efficiency of the green bond market, the determination of its role in ensuring the energy and economic security of the regions and the development of directions and instruments for improving the efficiency and significance of the market for the Russian Federation are the aim of the study. The methodology involved the determination of the autocorrelation presence in the calendar series of bond yields using the Broysch-Godfrey LM test, the application of applied statistics methods to verify the existence of calendar effects on the stock exchange and analyze market reviews. Data on the green bond market were compared with data on other bonds. Market performance calculations were based on the S&P Green Bond Index and S&P 500 Bond Index. Features and benefits of green bonds as an instrument to ensure regional security were identified. The lack of market efficiency for green and other bonds, even in a weak form, was shown. The necessary institutional changes to improve the efficiency of the green bond market and develop it in the Russian Federation have been proposed. The findings are of theoretical importance, complementing the work on testing the hypothesis of an effective market, and of practical importance in the form of recommendations for on market improving.

POTENTIAL OF REGIONAL BONDS FOR THE DEVELOPMENT OF THE INFRASTRUCTURE OF THE ALTAI TERRITORY

2019 ◽  
Vol 6 ◽  
pp. 626
Author(s):  
Maria Kulagina
Keyword(s):  
Russian Federation ◽  
System Analysis ◽  
Objective Assessment ◽  
Bond Market ◽  
Empirical Methods ◽  
Bond Issues ◽  
Federal Subsidies ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Key Indicators

The development of the subjects of the Russian Federation is not possible without financial resources. Altai Territory is traditionally a highly subsidized region. Currently, it is ranked 4th in terms of federal subsidies. Now, the Ministry of Finance of the Russian Federation orients the subjects of the federation towards increasing the independence and efficiency of functioning. The Central Bank of Russia is intensifying its bond issues and sees in this direction an effective way of replacing credit resources and bill circulation in the coming years. Currently, there are no comprehensive methods for generating informed decisions on the issue of sub-federal bonds. The purpose of this study is to formulate a method for making an informed decision on the issue of sub-federal bonds, based on an assessment of their potential. To achieve this purpose, the methods of economic and system analysis, synthesis, synthesis, empirical methods, methods of abstraction and analogies were used. The main results of the study include: forecasting changes in the Russian bond market in the future based on a comprehensive assessment of the Russian ruble bond market; a critical assessment of the effectiveness of the use of bond instruments by constituent entities of the Russian Federation, the author’s proposed system of key indicators that allow an objective assessment of the potential of sub-federal bonds, as well as a method for forming a reasonable decision on the timeliness and feasibility of issuing bonds by a subject of the federation. The proposed method was tested on the example of the Altai Territory.  

scholarly journals STRATEGIES FOR RETENTION GLOBAL LEADERSHIP OF SMALL HIGH-TECH COMPANIES IN NARROWLY FOCUSED MARKETS

2018 ◽  
Vol 4 (2) ◽  
pp. 115-126
Author(s):  
F. A. Kurakov
Keyword(s):  
Russian Federation ◽  
Food Packaging ◽  
Raw Materials ◽  
Global Market ◽  
High Tech ◽  
Strategic Objectives ◽  
World Markets ◽  
The World ◽  
The Russian Federation ◽  
The Right

In the absence of the development of exports of high-tech industries, the implementation of strategic tasks for the accelerated growth of the economy set by the Decree of the President of the Russian Federation “On national goals and strategic objectives of the development of the Russian Federation until 2024” of May 7, 2018 No. 240 is unlikely. According to most researchers, the main potentially possible commodity items in non-raw materials exports, which are in demand in the world markets, are the products of engineering, pharmaceutical industry, apparatus and devices used in medicine. Therefore, the right to participate in foreign economic activity is delegated, first of all, to large domestic companies. However, today Russia is a country with a large assortment of production of simple products, which requires building a systematic approach in the formation of both economic policy in general and export in particular in the direction of developing of non-resource industries that produce high-tech products. The analysis of the strategies for retaining the leading positions in narrow niche segments in the global market, analysis of the competitive and diversifying strategy of the German company Poly-clip System, which is the world’s leading producer of clipping systems and the world leader in the food packaging segment was performed.

scholarly journals Current state of the government bond market in the Russian Federation

2020 ◽  
Vol 13 (2) ◽  
pp. 87-94
Author(s):  
M. N. Lakoza
Keyword(s):  
Monetary Policy ◽  
Russian Federation ◽  
Banking Regulation ◽  
Bond Market ◽  
External Factors ◽  
Government Bond ◽  
Russian Government ◽  
Internal Factors ◽  
The Russian Federation ◽  
The Government

The article reveals the main current trends of the government bond market in the Russian Federation. Various factors that influence the state bond market were studied. External factors included geopolitical risks, rating actions, monetary policy of world Central banks, and the dynamics of oil prices. The main internal factors were: lower inflation, the Bank of Russia’s monetary policy, the return of non–residents to Russian ruble debt, the strengthening of the ruble, the Bank of Russia’s policy in terms of banking regulation, and the flexible policy of initial placement of Federal loan bonds. In 2019, external factors did not have a primary impact on the Russian government securities market, but they determined the General background of investor relations. The market was largely influenced by internal factors.

BOLOGNA ARRANGEMENTS AND INTELLECTUAL MIGRATION: MAIN OBJECTIVES, DIRECTIONS OF REALIZATION, TRENDS, PROBLEMS, PROSPECTS

10.12737/117 ◽  
2012 ◽  
Vol 1 (3) ◽  
pp. 0-0
Author(s):  
Куценко ◽  
Viktoriya Kutsenko
Keyword(s):  
Russian Federation ◽  
International Market ◽  
Global Market ◽  
Educational Institutions ◽  
Educational Services ◽  
Regulation System ◽  
Main Attention ◽  
The Russian Federation ◽  
Russian Education ◽  
Practical Recommendations

Preconditions of development of Bologna arrangements on creation of uniform educational space, their main objectives and realization directions are briefl y stated in this article. The main attention is paid to the analysis of impact mechanisms on mobility increasing of students and teachers of higher educational institutions as important element of all-European educational space formation.The special place is allocated for defi nition of Russia’s role in the global market of educational services, for identifi cation of the most signifi cant problems of Russian education which reduce its competitiveness in the international market, and for development of scientifi c and practical recommendations on optimization of intellectual migration regulation system in the Russian Federation.

scholarly journals About differentiation of regions of the Russian Federation on the level of investment attractiveness

2019 ◽  
Vol 16 (2) ◽  
pp. 25-33 ◽  
Author(s):  
V. I. Kuznetsov ◽  
N. A. Vladimirov ◽  
M. A. Sycheva
Keyword(s):  
Russian Federation ◽  
Regional Scale ◽  
National Level ◽  
Global Market ◽  
Statistical Research ◽  
Investment Activity ◽  
Strategic Objectives ◽  
Key Factor ◽  
High Investment ◽  
The Russian Federation

The purpose of the article is consider in research of statistical methodology for studying regions of the Russian Federation in terms of investment attractiveness. The world practice shows that investment growth ensure the economy growth both at national level and regional level. The maxim is proved by the experience of most countries which have committed in the past decade a sharp spurt in its economic development. This realization has led to the fact that both developed and emerging economies try to attract investment in the economy on a national and regional scale and it is considered as one of the priorities of economic policy In the context of geopolitical instability, deteriorating economic conditions, the weakening of the Russian Federation in the global market need to pay more attention to the investment policy and the attractiveness of the regions. Investment activity and attractiveness of territories today – a reserve of development and real way to achieve strategic objectives. An important factor in the development of regions is their investment  attractiveness. Meanwhile, at present there is no method of statistical research of investment attractiveness adapted to regional features. Regions of the Russian Federation have significant differences in investment attractiveness by various factors. The article analyzes factors which influence the inflow of investments in the regions of Russia and identifies groups of regions with similar characteristics of investment attractiveness. Materials and methods. The methods of evaluation of investment attractiveness of territories (regions and cities) are discussed. The reasons for the investment is proposed to be assessed by the production potential of the regional economy, the domestic market of the region, sectoral types of economy (agriculture, extraction of natural resources), and the infrastructure of the region. The methodological basis of the study consists of works on regional statistics, mathematical modeling, and econometrics. Graphic and tabular methods of visualization of research results, statistical methods of analysis of economic phenomena were used. To solve the tasks of the study, application packages SPSS, Statistica were used. Results. This paper provides an analysis of Russia’s investment attractiveness and demonstrates current investment situation in the country. In conclusion, this report addresses key challenges of attracting investment in Russia, clarified the essence of investment attractiveness as an object of statistical research; revealed features of the regions; recommendations on the formation of a system of statistical indicators characterizing the investment attractiveness of the region; identified groups of regions with similar characteristics of investment attractiveness. Conclusion. The article discusses differentiation of Russian regions in their investment activity, analyses the factors led to this differentiation. The heterogeneity of investment space in Russia is one of the features of its economy. High investment attractiveness is a key factor in improving the competitiveness of the country, a significant and sustained financial growth. Identification of regions with similar characteristics of investment attractiveness allows us to develop management solutions adapted to regional characteristics.

scholarly journals The Review Of Changes In The Russian Science And Technology Legislation From April To September 2019

2019 ◽  
Vol 1 (2) ◽  
pp. 177-195
Author(s):  
Milena G. Vok
Keyword(s):  
Russian Federation ◽  
Global Market ◽  
High Tech ◽  
Investment Fund ◽  
Federal Law ◽  
Russian Science ◽  
Genetic Technologies ◽  
Science And Education ◽  
The Government ◽  
And Control

This article reviews Russian legislation in the science and innovation field adopted from April to September 2019. It is divided into the following topics: •science, technology and innovation policies; •integration of science and education; •intellectual property in science and innovation. Presented documents have been passed in the form of federal laws and subordinate acts, particularly, in the form of presidential decrees, government resolutions and ministerial decrees. The most important decisions include the abolition of territorial restrictions and restrictions on areas of activity for residents of the Skolkovo center by the Federal Law No. 298-FZ of 02.08.2019, which should help increase the number of project participants, as well as the development of high-tech enterprises in the regions; the approval of the Federal Research Program for Genetic Technologies Development by the Decree of the Government of the Russian Federation No. 479 of 22.04.2019, which is aimed at accelerating the development of genetic technologies in the country, including genetic editing technologies, and the foundation of scientific and technological groundwork for medicine, agriculture and industry, and also improving measures for the prevention of biological emergencies and control in this area. Special attention should be given to the singing of the agreement between The Government of Russian Federation and The Russian Direct Investment Fund regarding the development of artificial intelligence technologies. The purpose of the agreement is to help Russian companies specializing in this field enter international markets and also for Russian Federation to achieve one of the leading positions in the global market in this field.

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