Abstract:

In modern conditions, investment policy is an important element of regional development. The territories of the North Caucasus have unique geographical and resource opportunities, which determines the need to intensify financial support for investments in the regional development system. The heterogeneity of the national composition of the North Caucasus Federal district, and the specifics of the economic potential significantly affect investment activity. The basis of investment activity should be result-oriented, and the social effect should be tied to the quality of life. Investment risks in the North Caucasus Federal district are more tied to political events and national confrontation. It is important to consider investment projects in the regions of the North Caucasus Federal district, taking into account the specifics of each territory, and not the entire region as a whole. The paper deals with the basic principles of investment development of regions in the context of orientation to the conditions of investment planning. A special place in this issue is given to natural monopolies, the range of which has developed in the Russian Federation and formed over a long historical period. Investments of natural monopolies in regional development can be considered in the long term, which distinguishes them from portfolio investment and gives grounds to expect a long-term social effect. Investment planning should be integrated into the development strategy of the regions of the North Caucasus Federal district. The study identified a high degree of gap in the indicators of development of the regions in the North Caucasus, as an object of investment. The activation of business activity of regional structures should become a point of support for increasing the investment potential of the region.