ASSESSMENT OF THE EFFECTIVENESS OF THE KRASNODAR TERRITORY'S INVESTMENT POLICY

The article presents a comprehensive assessment of the effectiveness of the investment policy of the Krasnodar Territory based on the author's adaptation of the methodology of the European Bank for Reconstruction and Development (EBRD) and the World Bank for assessing the investment climate of the regions. A comparative study of the main investment indicators of the region with the average Russian values and other subjects of the Russian Federation has been conducted. An integral index of regional investment efficiency has been developed and tested, taking into account both quantitative indicators of investment activity and qualitative characteristics of the institutional environment. The analysis of the dynamics of the Krasnodar Territory's positions in the key ratings of investment attractiveness is carried out. The investment legislation of the region is studied in the context of comparison with other subjects of the Southern Federal District. The main achievements in the investment sphere have been identified and infrastructural constraints that hinder the further development of the region's investment potential have been identified. Based on the analysis, recommendations have been formed to improve the region's investment policy. The article is valuable for government agencies, researchers of regional economics and potential investors.