Mechanism Of Public-private Partnership Research Articles

PUBLIC-PRIVATE PARTNERSHIP AS A TOOL FOR FINANCIAL SUPPORT OF THE ENERGY SECTOR IN UKRAINE: ANALYSIS, MECHANISM, FINANCIAL REPORTING

Based on the analysis of the dynamics of implementation of public-private partnership (PPP) projects in Ukraine, key problems have been identified and its priorities in financial support for the recovery of the native energy sector have been determined. It is appointed that PPP concession agreements are the main mechanisms for attracting investment in the global electric power industry. The expediency of using the concession model on BOT terms for the implementation of large projects in the energy sector is substantiated, which will contribute to the intensification of investment attraction and will allow to distribute risks between the state and business. Recommendations on the formation of an information platform for participants in the implementation of PPP projects on the basis of disclosure of information on the effectiveness of concession operations in accounting and financial statements have been developed. The tools for the formation of the financial mechanism of public-private partnership, where the priority is budget and venture financing, are substantiated. To make decisions on the implementation of PPP investment projects, an approach to assessing the financial support of project initiatives is recommended, the basis of which is the proposed criteria for compliance with financial security, the choice of funding sources, indicators of scenario analysis and efficiency. The proposed methodical approach to assessing the effectiveness of PPP allows us to assess the synergistic effect, which reflects the totality of economic, social and environmental effects. The formulated recommendations for improving the relationship between the state and business will contribute to the intensification of the attraction of private investment resources on the basis of PPPs for the restoration of the energy sector in Ukraine.

INSTITUTIONAL SUPPORT FOR ATTRACTING AND REALIZING INVESTMENTS IN THE ENERGY SECTOR OF UKRAINE

The article analyzes the issues of adequateness of the institutional support for attracting and realizing investments in the energy sector of Ukraine to the current realities in which the country finds itself. The article emphasizes that public-private partnership is the basis for further attraction and realization of investments in the energy sector. The article highlights several issues such as attracting investment in the energy sector of Ukraine, and public-private partnership in the energy sector and identifies the ways to overcome them.The necessity of improving the legal framework in the field of public-private partnership; development of institutional infrastructure supporting public-private partnership; providing guarantees for protecting the interests of all parties in the public-private partnership throughout the entire life cycle of the project is substantiated.It is concluded that attracting and injecting investments in the energy sector is possible only in close cooperation with large private businesses by implementing elements and mechanisms of public-private partnership in the sector. It’s the only way that the energy sector of Ukraine will be able to adapt to modern challenges to ensure its long-term sustainable development.

The mechanism of concession agreements in the Russian heat supply system

The current research examines the mechanism of concession agreements, functioning in the sphere of heat supply, the ways of its conclusion, its advantages and differences from lease agreements. The effectiveness of the use of concessions is proved on the example of Voronezh and Perm energy companies. The renewal of the Russian heat supply system is, unfortunately, extremely slow. Despite the measures taken, the dynamics of equipment failures, accidents and heat losses have not yet been changed: their number is still gro wing. In a year, it is possible to update only half of the fixed assets from the need. The reasons for this are their sharp moral and physical ageing and lack of investors who would finance reconstruction, modernisation and erection of new heating system objects. The owners of the systems in many Russian regions are municipalities whose budget funds are insufficient to upgrade them. Mechanisms of public-private partnership (concession agreements are one of its manifestations) together with the “alternative boiler house” mo del should contribute to rectifying the situation. However, unconscientiousness of some investors, the failure to fulfill their obligations for construction and reconstruction of heat supply systems question the effectiveness of the mechanism and reduces them to lease agreements involving only operation of leased worn equipment. According to the research, the authors concluded that it is necessary to improve the discussed mechanism, monitor implementation of the agreements and strengthen administrative responsibility for non-compliance.

Investment policy of construction enterprises under the conditions of marital state

Purpose. Studying the investment policy in construction in wartime conditions, namely: determining the general characteristics of the investment process in construction in wartime conditions; identification of factors affecting investment activity; analysis of the problems of investment activity in these conditions; development of recommendations for improvement of investment policy in construction in wartime conditions. Methodology. In the process of studying the investment policy of construction enterprises in the conditions of martial law, the following methods were used: expert assessment (allowed obtaining conclusions and recommendations regarding the possibilities of investing in construction projects in conditions of military conflict), scenario modeling (development of various scenarios investing in the construction sector made it possible to analyze the possible consequences and results of each of them), system analysis (taking into account the relationships between various aspects of the investment policy of construction enterprises and its impact on the economy and society as a whole) and marketing research (determining the needs and requirements of the market in relation to investments in the construction sector in the conditions of a military conflict). Findings. The authors indicated the main problems of construction financing: lack of long-term loans and investments for construction; high interest rates on loans; imperfect legislation in the field of construction; lack of transparency and efficiency in the management of public finances allocated for construction. It is proposed to take the following measures: to create conditions for attracting long-term loans and investments in construction; to reduce interest rates on loans; to improve legislation in the field of construction; to improve the transparency and efficiency of the management of public finances allocated for construction; to improve mechanisms of public-private partnership in the field of construction; to develop programs to stimulate housing construction for low-income citizens; to create conditions for the development of small and medium-sized enterprises in the field of construction. To form the investment attractiveness of the construction industry in Ukraine, the authors suggest creating a favorable investment climate that will guarantee investors the protection of their rights and interests; developing transparent and effective rules and procedures for regulation of construction; ensuring access to quality construction materials and equipment at competitive prices; improving the qualification and level of professional training of construction personnel. Originality. The article comprehensively researches the investment policy in construction in the conditions of war for the first time. The authors revealed new regularities in the development of the investment process in construction under martial law, developed recommendations for its improvement. Practical value. The results of the study can be used to form an effective investment policy in construction in wartime conditions. They can also be used to develop measures to support investment activities in construction under martial law.

The mechanism of municipal public-private partnership as a driver of ethnic tourism development in the Krasnodar territory

The purpose of the present research is to study the potential for ethnic tourism development in the Krasnodar Territory and to identify the ways of enhancing the quality of operation of the tourist industry in the region through the mechanism of municipal public-private partnership. Methodology: the research is based on statistical data analysis and the survey conducted among 30 entrepreneurs engaged in ethnic tourism. Conclusions: the competitive ability of ethnic tourism in the region remains rather low, which is due to a number of constraints, including the lack of variety of tourism services provided, strongly marked seasonality of demand on services, and the low provision of infrastructural facilities. Meanwhile, the Krasnodar Territory has unique natural and socio-cultural resources that prepare the ground for the introduction of modern instruments for ethnic tourism development. Practical significance: the algorithm for the implementation of municipal public-private partnership adjusted by the authors to ethnic tourism development is expected to attract additional investments, which in turn will increase the competitive ability of the industry in the long run. When introducing this mechanism, it is essential to take into account the need to expand the range of services to be provided to potential consumers.

АНАЛИЗ ПРЕДПОСЫЛОК УЧАСТИЯ «ЛАБОРАТОРИИ КАСПЕРСКОГО» В ИННОВАЦИОННЫХ ПРОЕКТАХ ГОСУДАРСТВЕННО-ЧАСТНОГО ПАРТНЕРСТВА

The presented article examines the current problem of development of the information technology sector through the mechanism of public-private partnership (hereinafter referred to as PPP) with the participation of AO Kaspersky Lab. The purpose of this study is to assess the qualifications and prospects for the company to pass the preliminary competitive selection and participate in innovative PPP projects in the IT field. In this work, scientific methods such as abstraction, deduction, induction, synthesis, and analysis were used. The company’s activities, the company’s place in the IT field in Russia and the world, geography of presence, expertise, experience, accumulated competencies, technological cooperation of the company with technology partners, government and international organizations, industry diversification of customers, diversification of the company’s product portfolio by type of market and clients, quality and recognition of the company’s products on the market, a standard PPP project for the creation of an information infrastructure facility with the participation of AO Kaspersky Lab was proposed, the main advantages of this project for public and private partners were considered, an enlarged risk matrix for the proposed project was proposed, and examples of products being developed were also given companies that can act as objects of information infrastructure for this project, and also assessed the qualifications and prospects for the company to pass a competitive selection to participate in an innovative PPP project in the IT field.

The role of public-private partnership in overcoming poverty in the Kyrgyz Republic

Kyrgyzstan has been experiencing an “infrastructure deficit” for many years. It is expressed in the deplorable condition of roads, hospitals, schools, kindergartens, administrative buildings and other infrastructure facilities. One of the indicators of infrastructure quality is the global competitiveness index of countries. Among 133 countries of the world, Kyrgyzstan ranks 112th in terms of the quality of infrastructure in general. That is, it is included in the 30 countries of the world with the worst quality of infrastructure. This once again shows the country’s need for renewal, modernization and construction of new infrastructure facilities. For many years, the country has resorted to borrowing money from international creditors when it was necessary to build or repair existing infrastructure. As a result, about 90% of all Kyrgyzstan’s external loans today are debts for the construction of roads and energy facilities. However, the country can no longer follow this path today. Thus, at the end of 2021, Kyrgyzstan’s public debt amounted to $5 billion 147.22 million, or 60.33% of GDP. The high level of public debt and the recommendation of international institutions to refrain from increasing it led to the search for new instruments to finance new construction and modernization of existing socially important facilities. The mechanism of public-private partnership has become such a tool for the Kyrgyz Republic.

DIRECTION FOR IMPROVING THE ORGANIZATIONAL AND INSTITUTIONAL FRAMEWORK OF PUBLIC-PRIVATE PARTNERSHIP

The introduction of modern mechanisms of public-private partnership in our country on the basis of mutually beneficial cooperation is one of the important priorities in the Action Strategy for the development of the Republic of Uzbekistan. Despite the existence of a clear and well-developed strategy for the development of the country, there are insufficient organizational and legal mechanisms for the implementation of the tasks set by some executive authorities, duplication of tasks and excessive state regulation has a negative impact on the effectiveness of ongoing reforms.

ЗАЛУЧЕННЯ ІНВЕСТИЦІЙ НА ЗАСАДАХ ДЕРЖАВНО-ПРИВАТНОГО ПАРТНЕРСТВА В УМОВАХ ПОВОЄННОЇ РОЗБУДОВИ НАЦІОНАЛЬНОГО ГОСПОДАРСТВА: ПЕРЕДУМОВИ ТА ІНСТРУМЕНТАРІЙ

The prerequisites for the implementation of the public-private partnership mechanism in the domestic economy are revealed, with an emphasis on the processes of national economy recovery in the post-war period. The importance and functional role of public-private partnership in building effective investment attraction strategies is argued, with the hypothetical assumption of their promotion of rapid modernization and development of key sectors of the national economy. The public-private partnership in various socio-economic and political environments was analyzed and it was established that it should be considered an adaptive system that uses a mechanism of its implementation adequate to the situation. It has been established that in many countries of the world, public-private partnership is currently recognized as an important socio-economic concept, which, moreover, with the change of socio-economic and political parameters in the world space, acquires new forms of its application, in particular methods of financing the development of infrastructure or providing higher quality and volume of various types of public services. The existing state of domestic legislative regulation of public-private partnership is summarized and the appropriate stages of its implementation in the processes of post-war recovery of the Ukrainian economy are given. Separate directions for creating a favorable investment climate in the post-war period are argued, which relate to the provisions of the legal framework and institutional infrastructure, investment guarantee criteria. It is substantiated that they are critically important for reducing risks for domestic and foreign investors, a factor in increasing the attractiveness of public-private partnership projects. It has been established that the Strategy for the implementation of public-private partnership in the process of socio-economic recovery of Ukraine should primarily be based on the rational planning of the stages of recovery work both for infrastructure projects important for the national economy, as well as the provision of public services and stimulation of economic growth, the application of regulatory mechanisms aimed at ensuring transparency, accountability and fair distribution of risks between public and private participants.

Туристська індустрія України: проблеми адаптації у військовий період і перспективи поствоєнного відновлення

The aim of the article is to analyze the current state of the domestic tourism industry in the context of the russian invasion of Ukraine, as well as to develop potential directions for eliminating the negative consequences for the tourism industry, speaking of its further recovery. The article examines the state of the tourism industry during the wartime, considers aspects of its adaptation to the conditions of martial law, and develops proposals for the post-war recovery. Since the onset of the large-scale military aggression, the tourism industry of Ukraine has undergone significant transformations, which have led to the practical halt of all types of tourism, especially at the initial stages of hostilities. However, a full assessment of the impact of military events on Ukrainian tourism becomes very difficult in view of the continuation of large-scale hostilities and the lack of accurate data. The study analyzes the amount of tourist tax and the structure of taxes to the State budget of Ukraine from the activities of tourism industry enterprises, the results of the analysis showed a significant drop in all indicators. An assessment of the impact of tourism development on the gross regional product (GRP) is carried out using correlation and regression analysis. Based on the results of modeling, a regression model of the dependence of GRP on tourist tax has been built, which confirms that the development of tourism in the region contributes to an increase in the gross regional product and has a significant multiplier effect. The features of recreation and work of tourist facilities in different regions of Ukraine are generalized and structured, and it is found that even with the existing restrictions, citizens continue to discover new places worth visiting in Ukraine. This can be attributed to the consideration that constant stress tires the body, and people need rest and recovery. A substantive characterization of the wartime factors of influence on the development of the tourism industry has been determined. It is determined that the recovery of the tourism industry will depend on the pace of restoration of the general and tourist infrastructure and the overall standard of living in the country, which will contribute to the rise of both inbound and outbound tourism. One of the main factors influencing the creation of a safe image of a tourist destination is the level of terrorist threat, in connection with which a set of measures to prevent terrorist threats has been formulated. The main program model for the development of tourism in post-war Ukraine is the public-private partnership (PPP), from the implementation of which the greatest return for the development of the tourism business is expected. In view of the above, the subject of prospective research should be the development of organizational and resource support for the PPP mechanism for the recovery of the tourism industry of Ukraine.

FORMATION OF A FINANCIAL MECHANISM OF PUBLIC-PRIVATE PARTNERSHIP IN THE FIELD OF TOURISM UNDER WAR CONDITIONS

The main purpose is a theoretical and methodological substantiation of the formation of a financial mechanism of public-private partnership in the field of tourism in the context of ensuring sustainable development of the country's economy under war conditions. The research question posed within the framework of the article is what type of modern financial mechanism of public-private partnership in the field of tourism should look like in order to meet the requirements for ensuring sustainable development of the economy in a state of war. The object of the study is a public-private partnership in the field of tourism. The subject of the study is the theoretical, methodological, and scientific provisions for the formation of the financial mechanism for the process of public-private partnership in the field of tourism. The research methodology includes a scientific approach, including the use of a number of methods that allow achieving the set goal: the goal tree method, abstract-logical, graphical, analysis and synthesis, non-parametric statistical, and mathematical modelling methods. The state of public-private partnership in the field of tourism under martial law is substantiated. The main result of the study is the construction of a financial mechanism for public-private partnership in the field of tourism, which, unlike those existing in the scientific community, is characterized by taking into account the military situation in the country and a methodological approach to the formation of its main components: an algorithm for conducting financial planning, a methodology for assessing financial and credit risks, theoretical and scientific approach to assessing the effectiveness of financial instruments, a model for the implementation of financial control, characteristics of the institutional and legal framework for ensuring public-private partnerships in the field of tourism.

Роль офсетных контрактов в развитии механизмов государственно-частного партнерства

An offset contract implies a government contract that assumes the existence of counter investment obligations, both on the part of the investor and on the part of the state. The investor assumes responsibility for the creation or modernization of production on the territory of the Russian Federation, and the state, in turn, creates attractive conditions for doing business. From the meaning and content of the offset contract, it can be considered as a manifestation of the mechanism of public-private partnership, which finds its expression as a result of the interaction of the subject of the Russian Federation and the supplier-investor. Offset contracts represent a promising and beneficial mechanism for both sides of interaction, which allows us to focus on long-term cooperation, which entails the creation of new production facilities on the territory of the constituent entities of the Russian Federation, as a result, jobs, and an increase in tax revenues. The urgency of a detailed study of the offset contract mechanism is conditioned by the possibility of implementing the plans of the Government of the Russian Federation to localize the production of technically complex products and increase the pace of import substitution under international sanctions. The study presents the advantages of an offset contract in comparison with other investment attraction tools and options for its adaptation in the Kursk region.
 The purpose to study the role of offset contracts in the development of public-private partnership mechanisms and summarize ideas about the future prospects of its implementation in the mechanism of attracting investment in the regions.
 Objectives: to form an idea of the concept and essence of an offset contract, to identify promising areas for the development of offset contracts, to form proposals for improving the stages of concluding an offset contract, to substantiate proposals for the further development and adaptation of this tool in the mechanism of attracting investment to the region.
 Methodology. In the process of studying the subject under consideration, such methods as analysis, synthesis, generalization, logical, as well as graphical methods of information processing were used. 
 Results. The offset contract should be considered as a mechanism for the implementation of public-private partnership, since it meets the set of features inherent in it (attracting an investor on the terms of long-term interaction, the state acts as one of the parties, there is a possibility of exceeding the limits of budget allocations). The obligations of the parties are reciprocal and imply continuous interaction throughout the implementation period. The offset contract has significant advantages for both private and public parties, however, in fact offset contracts have practically not been distributed on the territory of the subjects of the Russian Federation, which is due to the similarity of offset contracts with other mechanisms of public-private partnership.
 Conclusions. It is proposed to revise the classic procedure for concluding an offset contract, consisting of the sequential execution of stages and expand them to include assistance in site selection and assistance in the implementation of the contract with the help of tax incentives, subsidies and infrastructure development. On the example of the Kursk region, the investment component was analyzed, creating the "soil", the foundation for the development of offset contracts. We have formed proposals to stimulate the conclusion of investment contracts in the region by differentiating tax benefits for residents of the special economic zone "Third Pole" who have concluded an offset contract in the Kursk region.

ПІСЛЯВОЄННЕ ВІДНОВЛЕННЯ ТА ЗРОСТАННЯ ОБСЯГІВ БУДІВНИЦТВА АВТОМОБІЛЬНИХ ДОРІГ

The socio-economic development of a country and its integration into the global community largely depend on the level of road maintenance. The issue of road maintenance has become especially relevant and important during the period of martial law, since, for obvious reasons, roads are critical infrastructure facilities. Of course, the treatment of such facilities should be appropriate to their purpose. All of this requires research, assessment of the effects of the war on the condition of roads due to their destruction, and development of measures to improve the state of road construction. An important role is assigned to the resource base of road construction - first of all, the availability of bitumen and mineral fillers.
 The length of public roads in Ukraine is analyzed in comparison with the leading countries of the world. Positive trends in the market of road construction and repair related to the reform of the road sector are identified. The quality of roads and their saturation in comparison with other countries of the world is assessed.
 The problematic issues of domestic production and imports of bitumen are investigated. The article shows Ukraine's import dependence and lack of organic binder, as well as the practical absence of concrete road construction. The author analyzes the development and improvement of the regulatory framework for the design and construction of roads.
 Prospects for the implementation of the public-private partnership mechanism are shown, taking into account international experience The necessity of implementing the public-private partnership mechanism, in particular, through the concession mechanism, is substantiated. The regulatory framework needs to be updated to meet EU requirements and implement international standards. The implementation of these measures will help to increase the level of validity of operational and strategic management decisions to ensure the effective functioning and development of Ukrainian road sector enterprises.

Світовий досвід державно-приватного партнерства для фінансування соціального житла

In the current socio-economic environment, the issue of providing vulnerable population with affordable and accessible housing has become acute, requiring the public authorities to invest heavily in this area. This problem is relevant not only for Ukraine, where many residential buildings were destroyed as a result of military aggression, but also in other European countries, as quarantine restrictions have caused significant damage to their economies. Another reason for the growing demand for social housing is urbanization, migration, and growing social inequality. The solution to this problem is complicated by the fact that the growing demand for social housing increases the necessary costs for territorial communities, which they cannot always fully cover with budget revenues. On the other hand, private investors need a return on their investments, so they cannot finance social housing projects on their own. As a result, the public-private partnership model has become one of the ways to finance social housing. The purpose of the article is to analyze various public-private partnership mechanisms to provide financing for the construction and allocation of social housing. Since 1980s, public private partnership (PPP) is gaining global popularity as a viable alternative to public funding for building and financing infrastructure projects. PPP is a means to effectively deliver projects in the public sector because it emerges against the backdrop of financial constraints and management capacity in the public sector to support largescale infrastructure projects. PPP not merely means a way to accomplish financial problems by bringing private capital, but it also aims to bring private sector efficiency and best practices in delivering infrastructure. Although, focus of the current debates is primarily on economic infrastructure, but investment on social infrastructure has received surprisingly little attention and it is predicted to continue growing. Governments have a central role in policies and regulations to provide a transparent and fair 'investment field', as well as providing payments to private parties. In investing, the private sector actually requires stability, predictability and a framework that supports their investment in social infrastructure. Meanwhile, the private sector has a role to provide expertise in building social infrastructure efficiently and has added value in innovation. It is recommended to implement a modified PPP model in Ukraine to include international public and private partners as financial donors to compensate for lack of the national budget resources at the moment.

Public-private partnership as a tool to stimulate innovation in the scientific and technical sphere

In a market economy, it is important to improve the technology of work and the efficiency of resource management. One of the most effective ways to attract investments for their development is to use the mechanism of public-private partnership (PPP). PPP occupies an important place in the economy, affects the development of entrepreneurship, production, social sphere and modernization of the economy. With limited budgetary resources, PPP can also be considered as a new mechanism for attracting investments into the country's economy. In the article the authors tried to determine whether the interests of the state and entrepreneurship in the innovation sphere coincide to the greatest extent, and whether the joint resource power of the parties can contribute to the growth of priority sectors of the economy, increase the share of Kazakhstani goods and services in the foreign market of high-tech and knowledge-intensive products. In this regard, the authors propose a methodology and mechanism proving that the successful solution of innovative directions of entrepreneurship development in the regions of the Republic of Kazakhstan can be developed on the basis of the PPP mechanism. The implementation of innovation policy based on this idea and position is impossible without joint and coordinated work of the state and business sectors at all stages of the innovation process. The authors have comprehensively studied the role of the mechanism of public-private partnership in the innovative development of entrepreneurship. In addition, the modern conditions, when the financial and economic crisis has aggravated in the Republic of Kazakhstan, in which there are problems in the development of PPP, considered in the article deeply and comprehensively, are taken into account. A high level of management of innovation processes in private entrepreneurial structures functioning on the basis of PPP is envisaged as a mechanism for activation of innovative development of the country.

Ways to implement public-private partnerships and their economic efficiency

Given the role of business in meeting the needs of society, it can be concluded that the state cannot fulfill its socio-economic functions without an efficiently functioning business. This is an important condition for the formation of partnerships between business and the state. Another important condition is that business cannot develop effectively without the help and assistance of the state. This is due to a number of reasons. The effectiveness of demand satisfaction is directly related to the rational use of economic resources and a flexible response to changes in the structure of demand. Efficient use of resources by each individual producer ultimately ensures the efficiency of the entire economic system. Business, performing its direct functions, ensuring the preservation and expanded reproduction of their property through the increase of private capital, simultaneously performs social functions related to the increase of social capital and the product capable of ensuring effective demand in the market of goods and services. The article substantiates the need to use the mechanism of public-private partnership as an effective tool for implementing the innovation policy of regions, and also identifies the possibilities of public-private partnership in projects for commercialization of intellectual property as a form of interaction between the state, research institutions and business.

Public Private Partnership in Resocialization of Convicts

Modern society is at the stage of a serious transformation of social relations, testing the strength of social values and institutions. External and internal threats make national security issues urgent; necessitate the construction of new social systems, chains of social interaction, effective tools to counter such threats. Crime commission has always been regarded as an internal threat to national security. The state has countered the growth of crime with an effective crime counteraction or crime prevention system. Countering crime has never been a task that can be implemented exclusively by the state. In this regard, at the present stage of the development of statehood, it is important to build up mechanisms of public private partnership. The main obstacle to the successful implementation of public private partnership in the penitentiary sphere is the lack of legal regulation. It is vital that various aspects of the interaction between society and the state be subject to detailed regulation as this creates conditions for the socially adapted persons to return to society. This will allow for creation of environment that is understandable and as comfortable as possible for all participants. In addition, such an environment should be attractive to representatives of private business, should facilitate the involvement of the maximum number of investors in projects that have, in addition to economic benefits, also a social orientation.

An anti-liberal coup in finance began to show in Russia

Subject. In the face of sanctions from the United States and Western countries, the Russian Federation urgently needs a completely different anti-liberal financial system. Objectives. The study aims to determine the possibility of building a self-sufficient financial system, independent from third countries, which enables investments in the real sector of the economy from internal sources of the State. Methods. We employed methods of scientific and information base, synthesis and grouping of the obtained data. The works by domestic and foreign scientists serve as theoretical basis of the study. Results. The study revealed that the Russian economy coped with the sanctions of Western countries better than the countries introducing them expected. Russia's financial system proved to be stable. At the same time, the economies of most of these countries are close to recession. US and Western sanctions have caused serious damage to the global financial system. The Russia’s economy begins developing according to a new model. Today, the emphasis is shifted to the development of domestic economy, transformation and infrastructural restructuring. Russia has huge opportunities for the development of its domestic market and opportunities for moving forward. It created conditions to provide domestic investments to its real economy. Public-private partnership has grown almost 10 times. Long-term savings of the population are now becoming a source of financing for the real economy. Conclusions. The Government should ensure the growth of budget expenditures as one of the main mechanisms for reconstruction and development of the real economy. Budget money should be directed not only to support enterprises, but also to support consumer demand. It is necessary to improve the mechanisms of public-private partnership. The Bank of Russia, together with the government, should ensure economic growth by saturating the Russian economy with cheap loans.

TURIZM XAVFSIZLIGINI TA’MINLOVCHI HUQUQIY HUJJATLAR TAHLILI VA TASNIFI

Ecology and environmental protection is an important task all over the world, especially in Uzbekistan. One of the most important issues of recent years is the attraction of private investment in solving the environmental problems of Uzbekistan. For this, the use of public-private partnership mechanisms is considered as the most promising tool in the world. In turn, the effective use of this institution in the field of environmental protection largely depends on the effectiveness of its legal regulation. At the same time, the current norms of the legislation of Uzbekistan do not yet meet this condition. Because there is no special rule governing public-private partnerships in the field of ecology. Also, the current legal documents contain norms that restrict the use for one reason or another for environmental purposes. To determine the optimal model of legal regulation of public-private partnership in the field of environmental protection in the Republic of Uzbekistan, it is first necessary to study the experience of such legal regulation in foreign countries. This article is devoted to the study of this issue. The article analyzes the opinions of scientists and the experience of foreign countries regarding the use of public-private partnerships in the field of ecology. Based on the results of the study, the author concluded that the use of public-private partnerships in this area will save the state budget, introduce an effective management system in the field, and improve the quality of services provided.

Ways to increase ecotourism services in the international tourism market

The experience of foreign countries and international organizations regarding the development of ecological tourism was analyzed, and the activities of progressive, scientifically based global practices were investigated. The main problems that prevent the implementation of international experience in the Ukrainian space have been identified, namely: lack of state support for the development of rural, ecological (green), agrarian tourism; low level of information support; imperfection of the legislative and regulatory framework; limited amount of investment resources; insufficiently practical application of the mechanism of public-private partnership when attracting non-traditional sources of financing investment projects; low level of activity of local authorities in the development of ecotourism; lack of tax benefits for persons involved in the provision of ecotourism services. The priority directions for developing ecotourism in Ukraine are given, taking foreign experience into account. The importance of developing and popularizing Ukrainian ecological tourism on international markets as an element of ensuring a stable situation in the tourism industry is noted. Ecotourism products on the international tourist services market were studied. The types and classifications of ecotourism products, organization, and promotion of tourist services in the international tourist market were studied. It has been established that ecological tourism is gaining more and more popularity and occupies a significant place in the tourism industry. It was determined that the emergence of a new type of tourism has a positive effect on the economic development of countries. The most popular in ecological tourism are tours to those countries where there are still priceless natural resources. It was analyzed that the primary goal of ecotourism is the study and preservation of the environment, the preservation of priceless landscapes. This is the main difference from other types of tourism. The potential for the development of international ecotourism is significant. However, it needs to be used more. Thus, one of the main tasks in the field of tourism development is the creation of ecological paths and ecotourism paths. Ecological tourism can be a specialization that will become a competitive alternative to irrational economic activity and, with the support of state institutions, a natural mechanism for ensuring the region's sustainable development. Thus, the development of international ecotourism is a necessary prerequisite: the availability of resource potential, a harmonious combination of natural and anthropogenic objects, and a network of tourist routes that can become the basis of road tourist routes. Keywords: eco-tourism, prospects, solutions, problems, implementation, tour