Cluster policy in agrarian sphere in implementation of concept of economic growth

The purpose of the article is to substantiate the necessity and compile recommendations for improvement of the process of development and conduct of cluster policy in agrarian sphere during realization of the concept of economic growth by the example of modern Russia. As methodological provision, the research uses the proprietary methodology of analysis of development of agrarian sphere of economy. As a result of the use of this methodology and analysis of development of agrarian sphere of modern Russian, the authors come to the conclusion that it has a lot of negative tendencies, which causes necessity for improvement of policy in this sphere. For this, the authors offer to use clustering. The authors develop the Pyramid of optimal economic growth and the Model of realization of the concept of economic growth on the basis of conduct of cluster policy in agrarian sphere.peer-reviewe

ESG-lending in the Russian economy

The purpose of the article is to consider the current state of ESG lending in the Russian economy, the features of ESG rating of Russian financial companies and approaches to potential borrowers, and to identify the most relevant areas for the development of ESG lending to Russian companies. Despite the fact that Russian companies and the Russian economy are under sanctions and the opportunities to enter foreign markets are significantly limited, ESG remains relevant. An analysis of ESG practices in the banking sector conducted in 2022 by Expert RA showed that only large credit institutions follow the ESG concept. More than 50% of the top 20 banks have implemented KPIs for ESG indicators in their lending and investment processes. In the practice of Russian banks, ESG-assessment of credit risks includes indicators of default probability, analysis and evaluation of portfolios in terms of industry/geographical concentrations, exposure limits, borrowing strategies, scenario analysis and/or stress testing. It is concluded that Russian companies in the financial sector use ESG approache for their own strategic development and for lending to their clients, and that government support is required for the ESG transformation of the banking sector

Multifactorial vector of regional agriculture development

The article reveals the agriculture development potential of the Volgograd region enabling to move to the stable type of reproduction as well as its factors: the natural conditions, location, technological types of production, agrarian structure, horizontal and vertical integrations, state support. The methodological approach of the differentiation of green box subsidies is approved, the mechanism of its realization is proposed. The evidence base is substantiated by the long-term research of the soil intensification and soil quality factors influencing the soil productivity in the region.Within the boundaries of the existing natural areas, the following zones of territorial and economic development are allocated: the zones of competitive and efficient grain production; the zone of commercial sun flower production; the zones of territory and priority development. The criterion signs of their development are formulated. Alongside with the natural factor, the following factors were accepted as a criterion: the level of production adaptability and development of rural areas, the displacement of population, customary lifestyle, the arrangement of production infrastructure, resources, the structure of the agrarian economy. The evolutionary entrance of small agribusiness into the innovation-based economy has been reasoned as well as the creation on this basis of a special sector of agrarian economy—organic agriculture, which is reasonable to develop in the eld of dairy cattle-breeding and vegetable-growing.A strategic analysis of the technological types of production existing in the regional agriculture in the context of organizational units and activities is presented. These are: industrial type with innovative elements, extensive and intensive type with innovative elements, extensive and intensive type, extensive type. They provide modernization as a factor of the evolutionary formation of the innovation-based economy in the agrarian sector.Considering the global tendencies, the priorities of increasing the availability of agricultural mass producer in the market realized within a cluster, agricultural holding, cooperative are grounded

Conditions for Developing Sustainable Growth of Region's Agricultural Industry

In the article demonstrated the need for forming sustainable growth of agricultural industry using tools for cost optimization within the business unit. Development of effectively functioning of in-house system of cost management defines the necessity of establishing target price for agricultural products, and wherefore it was approved and suggested to use extrapolation method for the conditions of Volgograd region. Further progress of cost optimization is worthwhile investigating on the basis of classification of costs as fixed and variable costs within operating procedures, at the same time it is necessary to take into account the nominal level of profitability and environment. The proposed ways for forming the reasonable cost value would contribute to forming conditions for development of sustainable growth of agricultural industry. Keywords: economic growth; costs optimization; agricultural industry; costs of production; profitability; technical operations. JEL Classifications: Q13, R1

Digital adaptation of the Russian payment services market to pandemic shocks

The purpose of the article is to identify and substantiate the features of adaptation of the Russian payment services market to pandemic shocks, taking into account digitalization trends. The following regularities were revealed: increasing rates of digitalization; structural transformations of the market; blurring the lines between banking products and fintech services amid heightened competition; the emergence of payment services for retailers; growing demand for e-commerce, online transactions and contactless payment for services; increasing financial inclusion of traditional and innovative retail financial services; formation of an ecosystem approach, etc. It is concluded that the ongoing changes have a positive impact on the transformation of the market supply of payment services. In the context of the COVID-19 pandemic, payment intermediaries are using tactics of digital settlement services and reducing dependence on loan products; promoting an initial positive customer experience in remote channels, mobile applications; focusing on sustainable development of the client base

ESG-lending in the Russian economy

The purpose of the article is to consider the current state of ESG lending in the Russian economy, the features of ESG rating of Russian financial companies and approaches to potential borrowers, and to identify the most relevant areas for the development of ESG lending to Russian companies. Despite the fact that Russian companies and the Russian economy are under sanctions and the opportunities to enter foreign markets are significantly limited, ESG remains relevant. An analysis of ESG practices in the banking sector conducted in 2022 by Expert RA showed that only large credit institutions follow the ESG concept. More than 50% of the top 20 banks have implemented KPIs for ESG indicators in their lending and investment processes. In the practice of Russian banks, ESG-assessment of credit risks includes indicators of default probability, analysis and evaluation of portfolios in terms of industry/geographical concentrations, exposure limits, borrowing strategies, scenario analysis and/or stress testing. It is concluded that Russian companies in the financial sector use ESG approache for their own strategic development and for lending to their clients, and that government support is required for the ESG transformation of the banking sector

The state of the Russian payment market: digitalization and the impact of COVID-19

The purpose of the article is to assess the state of the Russian payment market and the impact on it of two main factors - the COVID-19 pandemic and the development of the digital economy. Objectives of the article: 1) highlight the stages of development of the modern payment market in Russia; 2) identify the dynamics of the payment market of the Russian Federation (infrastructure for the provision of payment and other financial services, the number of non-cash payments, the use of cash); 3) to establish the impact of the COVID-19 pandemic and the development of the digital economy on the state of the Russian payment market. As a result of solving the tasks, the following was established. There are three stages to assess the Russian payment market. Analysis of data on the infrastructure for the provision of payment and other financial services showed that since 2010 there has been an annual decrease in the number of banks. The structure of non-cash payments is changing: the number and amount of transactions using payment cards are growing, the number and volume of money transfers are decreasing, and cash is being phased out. The impact of the COVID-19 pandemic and digitalization on the state of the Russian payment market reflects trends that are being strengthened by the pandemic and are shaping a sustainable trend