REGIONAL INVESTMENTS AND INVESTMENT POLICY DIRECTIONS

The effectiveness of the regional economy directly depends on the investment attractiveness, which motivates the regional authorities to attract investors and ensure the reduction of investment risk. The article gives an assessment of the state of regional investment in the dynamics of 2016—2018; a comparative analysis of the investment structure of the subjects of the North Caucasus Federal district and the Karachay-Cherkessia Republic to determine the place of Karachay-Cherkessia among the subjects of the North Caucasus Federal district; priority directions of investment policy of Karachay-Cherkessia are determined. The paper emphasizes that the investment attractiveness of the region is an important factor that characterizes the level of economic development. In this regard, the subject of the study is investment in fixed capital as one of the macroeconomic indicators that characterize the socio-economic development of the region. The object of the study is the investment activity of the regional economy, since the development of investment policy is the fundamental goal of the regional authorities. The paper notes that the investment pause in 2013—2015 is the first long period of absence of real growth of investments in fixed assets, which in 2016—2018 increased by 21.6% or 4438,7 million rubles. Investments in fixed capital are mainly carried out at the expense of attracted fund 71.9%, therefore, for the successful development of the region, an integrated approach to solving economic and social problems is necessary, and regional authorities should be interested in creating and maintaining a favorable investment climate. The methodological basis of the study was made up of General scientific methods and techniques. The empirical base of the study was made up of statistical data on the Karachay-Cherkess Republic and the North Caucasus Federal district. The formation of a favorable investment climate in the KarachayCherkess Republic is the main condition that contributes to attracting investment in the economy, the work identifies key areas of work in order to increase the inflow of investment to effectively use the competitive advantages of the Republic, which will create conditions for the development of the regional economy.

investments, investment activity, investments in non-financial assets, investments in fixed capital, structure of investments in fixed capital by ownership forms, structure of investments in fixed capital by sources of financing, investment policy, investment potential, investment climate, investment attractiveness of the region, economic development of the region, the effectiveness of regional investment policy.

Temirbolatova S. Kh. Regional investments and investment policy directions. Business. Education. Law, 2020, no. 1, pp. 235–240. DOI: 10.25683/VOLBI.2020.50.145.