Import substitution in forest engineering as an indicator of the development of the forest sector of the Russian economy in modern conditions

The purpose of this article is to substantiate the need for the development of domestic engineering for the forest industry, to study the problems and tasks of developing domestic engineering for enterprises in the forestry sector of the economy. The necessity of import substitution in the production of equipment for key branches of the domestic timber industry is argued. Possible ways to bring the industry out of the crisis are proposed based on: the need to analyse the causes of the destruction of domestic forestry engineering; determining measures to ensure the revival of branch science and the development of forestry engineering. As a result, proposals are presented on regulatory and legal support, the purchase of samples of imported equipment in order to study and independently manufacture a similar product in the future. Further development of the industry should be based on resource-saving technologies and “green” technologies for waste processing and a circular economy. On the basis of educational institutions or as independent organizations, it is necessary to create research, research and production centres of the industry. The sanctions announced to Russia are a challenge of the times, contributing to the development of domestic science and forestry engineering. Right now it is necessary to develop the economic base of the timber industry and forestry. The aggressive policy of foreign manufacturers of forestry equipment to conquer the Russian market exacerbates the task of restoring the competitiveness of forestry engineering on innovative principles and increasing its role in the Russian timber industry

Analysis of the Institutional Transformation of the Russian Financial Market Control System by Creating a Mega-regulator

Increased competitive position of the financial market is one of the priority goals of national economic growth and clear-cut ascendancy of the state in the global economic space. The paper discusses one of the key problems of the financial market development and performance, namely, the policy of its regulating. This paper has also specified the stages of the financial market management system reformation, which allow to estimate the level of supervision integration for Russia over the period from 1991 to 2015. The study outcomes have showed that till the end of 2013 in Russia there was the sectoral supervision model, according to which the management was provided by areas of activity. The paper describes the system of the single regulatory authority functioning in the financial market as the improvement of its management policy. Moreover, the paper has determined the principles which are the basis of the mega-regulator performance such as independence, transparency, responsibility, collegiality, uniformity of the application. The advantages and the results of the financial mega-regulator performance were analyzed and powers of the Bank of Russia as a basic regulator of the financial market. Keywords: Financial market, management, control, financial mega-regulator JEL Classifications: G23, G3

Import substitution in forest engineering as an indicator of the development of the forest sector of the Russian economy in modern conditions

The purpose of this article is to substantiate the need for the development of domestic engineering for the forest industry, to study the problems and tasks of developing domestic engineering for enterprises in the forestry sector of the economy. The necessity of import substitution in the production of equipment for key branches of the domestic timber industry is argued. Possible ways to bring the industry out of the crisis are proposed based on: the need to analyse the causes of the destruction of domestic forestry engineering; determining measures to ensure the revival of branch science and the development of forestry engineering. As a result, proposals are presented on regulatory and legal support, the purchase of samples of imported equipment in order to study and independently manufacture a similar product in the future. Further development of the industry should be based on resource-saving technologies and “green” technologies for waste processing and a circular economy. On the basis of educational institutions or as independent organizations, it is necessary to create research, research and production centres of the industry. The sanctions announced to Russia are a challenge of the times, contributing to the development of domestic science and forestry engineering. Right now it is necessary to develop the economic base of the timber industry and forestry. The aggressive policy of foreign manufacturers of forestry equipment to conquer the Russian market exacerbates the task of restoring the competitiveness of forestry engineering on innovative principles and increasing its role in the Russian timber industry

Import substitution in forest engineering as an indicator of the development of the forest sector of the Russian economy in modern conditions

The purpose of this article is to substantiate the need for the development of domestic engineering for the forest industry, to study the problems and tasks of developing domestic engineering for enterprises in the forestry sector of the economy. The necessity of import substitution in the production of equipment for key branches of the domestic timber industry is argued. Possible ways to bring the industry out of the crisis are proposed based on: the need to analyse the causes of the destruction of domestic forestry engineering; determining measures to ensure the revival of branch science and the development of forestry engineering. As a result, proposals are presented on regulatory and legal support, the purchase of samples of imported equipment in order to study and independently manufacture a similar product in the future. Further development of the industry should be based on resource-saving technologies and “green” technologies for waste processing and a circular economy. On the basis of educational institutions or as independent organizations, it is necessary to create research, research and production centres of the industry. The sanctions announced to Russia are a challenge of the times, contributing to the development of domestic science and forestry engineering. Right now it is necessary to develop the economic base of the timber industry and forestry. The aggressive policy of foreign manufacturers of forestry equipment to conquer the Russian market exacerbates the task of restoring the competitiveness of forestry engineering on innovative principles and increasing its role in the Russian timber industry