Business Environment in Russia and its Stimulating Influence on Innovation Activity of Domestic Companies
Business Environment in Russia and its Stimulating Influence on Innovation Activity of Domestic Companies

Summary/Abstract: The article shows the results of analyzing the business environment formed in the Russian economy during the period of 2011-2016 and worsened by the anti-Russian sanctions. It reveals the impact of macroeconomic factors on the state of the entrepreneurial environment in Russia that has features of stagnation, and basic geopolitical and economic events as a determinant of negative tendencies in the economic environment of the country. It gives the analysis of the dynamics of the entrepreneurial environment and the comparative analysis of the main problems of the Russian business, taking into account the temporal factor in the context of their dominating impact on Russian companies in terms of a region and a sector, as well as depending on the business size. The article considers the innovation environment of the Russian entrepreneurship, reveals basic barriers of the innovation activity of domestic companies. It shows basic areas of forming a new innovation reality of the Russian economy and makes the conclusion about the need of Russia to move to a new technological mode and existence of prerequisites of the Russian economy innovative development. It defines economic changes as a real implementation of the model of the country’s innovative development that takes into account the leading trends of the economic development on the national and global markets.

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