ADMINISTRATIVE REGULATION FOR ESTABLISHMENT OF ENTERPRISES AND HIGH RISKS AS PROBLEM AREAS FOR CREATING FAVORABLE INNOVATION CLIMATE IN RUSSIA
Possibilities of innovative entrepreneurs in organization and conduct of business in Russia are analyzed. The focus is made on significant over-regulation required in order to establish an enterprise, challenges related with access to the key energy resources, and high risks. The author draws the comparison with other countries, and includes the research data relating the business environment from both domestic and foreign sources. Suggestions are made on how to improve the innovation climate.