Problems of Formation of the Investment Climate in the Republic of Dagestan

Aim. Formulate proposals to improve the state policy of entrepreneurship development and investment climate in the Republic of Dagestan.

Tasks. To study the current state of the investment climate and entrepreneurial activity in the Republic of Dagestan. Consider international experience of interaction between business and public authorities. Determine the main direction in the activities of state and municipal authorities, civil society institutions and the business community of the Republic of Dagestan to create a favorable investment climate in the republic.

Methods. The work uses the methods of social constructivism, institutional, structural-functional and comparative analysis, statistical, as well as formal-logical research methods.

Results. According to the data obtained, the investment sector of the region’s economy needs some improvement. There is a negative dynamics of investments in the fixed capital of the republic, as well as a decrease in the volume of investments per capita in recent years. Data for 20 19–2021 show an increase in the volume of public investment, while the volume of private investment in the fixed capital of the republic is significantly decreasing.

Conclusions. The authors suggest that the authorities authorized in the field of entrepreneurship and investment focus on the information technology direction of investment activity development. It is recommended to improve and actively promote the recently created investment map of the Republic of Dagestan, to ensure the creation of mechanisms for updating it and filling it with new content, which will significantly modernize investment activities and bring it to a qualitatively new level. The largest capital in the stock market is made during periods of recession, thanks to the investment and navigation map. It’s just that people don’t notice it in a crisis.

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