CURRENT TRENDS OF DEVELOPMENT OF STATE AND LEGAL REGULATION OF INVESTMENT ACTIVITIES IN SUBJECTS OF NORTH CAUCASUS FEDERAL DISTRICT
The relevance of consideration of current trends of development of state and legal regulation of investment activities is caused by the continuing crisis processes in domestic economy which demand new approach and reconsideration of state and legal regulation of investment processes. Change of approaches to development of the investment sphere acts as one of factors of the defining condition of overcoming economic instability. Respectively as a research objective need of the analysis of tendencies of realization of investment policy of the state by means of change of the relevant acts as factor of improvement of economic and social situation of society in general acts. Research problems: 1) to define a role and the place of the legislation of the region in in the investment sphere, 2) to study degree of availability of the investment legislation and completeness of standard and legal regulation of the investment sphere of the region, 3) to define efficiency of the investment legislation of the region. The research is based on general scientific methodology which provides application of system approach to the solution of problems. A basis of this work are the empirical observations of actual state of the regional investment sector supported with analytical conclusions of available data. Results. The analysis is carried out and tendencies of development of the investment legislation of regions of the North Caucasian Federal District are defined, practice of application is considered. The main problems characteristic of all regions which are a part of the North Caucasian Federal District are revealed. Tendencies of introduction and development of system of Assessment of the regulating influence both in the country in general and in regions of the North Caucasian Federal District are investigated. Conclusions. Lack of the accurate, thought-over and detailed policy of realization of investment activities in regions of North Caucasus federal district, low coherence of decisions/actions of various levels of the power at the organization of work with investors and also the lack of systemacity of data and their processing on the basis of modern IT have led to formation of the main number of the problems characteristic of the investment sphere of regions of North Caucasus federal district. Today formation and improvement of the array of the legislation directed to regulation of the relations in the investment sphere acts as one of the most important and key directions of improvement of investment climate of the region. Analyzing the investment legislation of regions of North Caucasus federal district, and the actual level of a condition of their investment climate we can reveal the common problems characteristic of all regions which are a part of North Caucasus federal district and also to define the directions and solutions of the listed problems.