Study of the investment potential of the Smolensk region and the directions of its increase

Despite numerous statements from potential investors about the unstable political environment, poorly conceived tax policy, political and economic risks, there is a steady interest in investing in certain sectors of the economy and regions of Russia. The subject of scientific research is the analysis and forecasting of the investment potential of the Smolensk region. The purpose of the scientific research is to develop and justify measures to increase the investment potential of the Smolensk region through the development of a cluster approach. The methodological basis of scientific research consists of analytical methods, study and analysis of the existing research base, creative understanding. The theoretical and methodological basis of the study was the regulatory legal acts of the Russian Federation, resolutions and decrees of the Administration of the Smolensk region in the field of investment policy, as well as statistical reporting data on the development of the investment sector in the Smolensk region. The practical significance of scientific research lies in the development of the project "Creation of an industrial and logistics park for the procurement, storage and distribution of raw materials" as the basis for creating a timber cluster in the Smolensk region. It was determined that in the Smolensk region the Department of investment development of the Smolensk region is engaged in the analysis and forecasting of investment potential, which is an executive body of the Smolensk region that performs executive and administrative functions in the field of investment activities; the development of small and medium - sized businesses; the development of international, interregional relations, communications with the Republic of Belarus in the framework of the Treaty on the Establishment of the Union State of 08.12.1999; regional and border cooperation and industry on the territory of the Smolensk region. The Smolensk region, thanks to the available resources, has established itself as an attractive territorial platform for attracting investments. Regional authorities of the Smolensk region in order to attract investment in the region use a variety of mechanisms: legal, organizational and economic. Despite the existing risks from the labor, production, institutional components of the investment potential, competent investment policy of the Smolensk region made it possible to increase the investment rating of the region.