Analysis of investment attractiveness and investment climate in Russia

Daria Goncharenko

Master's thesis

Abstract:

Investment resources are the basis for creating favorable conditions for the economic growth of Russia, as well as for the development of individual regions. One of the most urgent tasks of the Russian economy, both at the federal and regional levels, is to attract investment. The purpose of this study is to analyze the current investment attractiveness of the Krasnodar Territory of the Russian Federation in terms of its investment potential, risks and activity. Assessment of the investment attractiveness of a region is a process of determining the subjective perception of the investment potential and investment risk of a region by a potential investor, during which the indicators of the assessment object are correlated with the selected comparison base. Thus, an analysis of the investment attractiveness of Russian regions made it possible to establish the following: factors influencing the investment attractiveness and its particular indicators. Most of the statistical indicators under consideration describe the macroeconomic sphere of development of the Krasnodar region, which in turn made it possible to identify promising areas of development for the region; the relationship between investment attractiveness and investment activity (using correlation analysis), which is the basis in the formation of recommendations to increase investment potential and reduce investment risks. It was found that with an increase in the inflow of investments, the investment attractiveness increases, which indicates the efficient use of resources. The analysis noted the heterogeneous development of Russian regions and the dynamics of their investment attractiveness. Among all the constituent entities of the Russian Federation, the most attractive for the inflow of investment are the capital cities and resource regions. This, in turn, determines the directions of the regional government's activities to form an effective investment policy, intensify foreign economic activity, as well as improve the image of the region.

Keywords

Russia, investments, investment attractiveness, investment potencial, investment risk, investment activity, investment climat, Krasnodar region

Language used: English

Date on which the thesis was submitted / produced: 31. 3. 2021

Thesis defence

• Supervisor: doc. Ing. Irena Benešová, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management