Financial investment potential of forestry sector of economy of the Republic of Buryatia

The article is devoted to the issues of the development of financial investment potential of forestry sector of economy of the Republic of Buryatia and it is based on the researches of the author carried out on the researched subject «Development of Proposals on Complex Social and Economic Development of the Republic of Buryatia within the Baikal Region» (No. of state registration 03/12-016-6016). Its clustering will become the effecient tool of increase of regional forestry sector competitiveness as the Republic of Buryatia has competitive advantages in this branch. In the article the anchor companies and reference points of framework, target parameters are determined, as well as investment projects which can gain development while creating a forest cluster. The described approach will allow provide the system management of business process of production of timber and its products, improve structure of timber production industry and export of timber goods. The cluster creation allows increase the financial investment potential of forestry sector of economy of the Republic of Buryatia.