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INVESTMENT CLIMATE AS MAJOR FACTOR OF THE SUSTAINABLE AND BALANCED DEVELOPMENT OF ECONOMY OF THE TAMBOV REGION

Annotation

One of the important elements of development of economy in the region is investment appeal. Economic recovery is only when the real production sector is with financial and other non-material investments. Investment activity of area is an important component of the general economic life and doesn't play less important role in functioning of all region. The specific structure of economy, volume of social production, desire of potential investors to make the financial means, a condition of housing and communal services and engineering infrastructure, employment of the population depends on the level of the organization and development of investment activity. Proceeding from the aforesaid, investment activity is the most important factor of the sustainable and balanced development of economy of the region. It is necessary to tell that additional opportunities will appear within integration of the Tambov region in state programs of development of agro-industrial complex, construction of housing, stimulation of innovative activity that will significantly allow to lower debt loading for potential investors and development of interregional cooperation. Implementation of large investment industrial projects of federal level will allow to transform area economy. Besides, the author noted that in the region there is an opportunity to increase economic development by means of creation of branches with low-skilled and cheap labor in the short-term period. Influence of government institutions, federal institutes of development of innovations and the enterprises with the state participation will bring additional opportunities and will have a positive impact on the prospects of development of investment climate to the region. Such participations are: participation in national projects in education, housing construction, agro-industrial complex, etc. For attracting investors and development of new productions it is necessary to use effectively a geographical location of the area in the Central European part of the Russian Federation.

Keywords

investments; investment policy; innovative project; innovative activity; innovative program

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Pages

51-54

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