Nikitina M.G.V.I. Vernadsky Crimean Federal University, Simferopol, Republic of Crimea, Russian Federation inecondep@mail.ru
Druzin R.V.V.I. Vernadsky Crimean Federal University, Simferopol, Republic of Crimea, Russian Federation druzinrv@gmail.com
Importance The investment climate is an indispensable driver of the national security. The research confirms the hypothesis of deteriorating investment climate in the Republic of Crimea. If the free economic zone is established in the Republic of Crimea and Sevastopol, it will improve the investment climate and encourage investment in the region. The research verifies this statement. Objectives The research examines how the investment climate is created in Crimea and identifies factors that hinder this process, considering the need to ensure the national security. Methods The research relies upon general scientific and special methods, including analysis and synthesis, observation, induction and deduction, systems approach, graphical method, correlation and regression analysis. Results The Republic of Crimea tried to establish free economic zones before, thus facilitating this process in 2015. Investment is of domestic nature, with sectoral disparity in its allocation being seen. Currently, socio-economic development is different throughout areas and sectors, with factors inhibiting economic security still remaining. This proves the need to undertake activities to preserve the stability of the economic development model. Conclusions and Relevance We conclude that the investment raised will not always meet its substance in the full sense of this term, thus giving grounds to speak about legitimization of fixed assets that were constructed earlier in the form of investment. The investment climate of the Republic of Crimea is influenced with some inhibiting factors, which impede the influx of investment. To improve the situation, it would be reasonable to undertake dedicated measures.
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