Open AccessProblems and Limitations of Sustainable Development of the City of Baikalsk: Formation of a Modern Digital Economy
Author(s) -
V.N. Turkova,
A.N. Arkhipova,
M E Dorokhova
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/751/1/012110
Subject(s) - bankruptcy , diversification (marketing strategy) , business , investment (military) , population , national economy , human settlement , economy , politics , market economy , economic growth , finance , economics , economic system , geography , demography , archaeology , marketing , sociology , political science , law
The problems of Russian single-industry towns are the main threats to the national social and political instability. Currently, the problems of development of single-industry towns remain one of the most discussed issues. Due to their location and specialization, single-industry towns re an integral part of the national and regional economies. In many single-industry towns, the situation is tense due to high unemployment rates, bankruptcy of many town-forming enterprises, and poor economic diversification. Currently, in Russia there are 320 monotowns, where 10% of the country’s population live. These are large industrial centers and small settlements. Most of them are located in industrial regions. All-round support for single-industry towns is provided by a special fund, which is part of the VEB Group. For example, for investment projects, loans are provided at 0 % interest rate. The cost of projects was reduced 20 times. Therefore, small and medium-sized enterprises can become main recipients of funds. Under the new program, investors will be able to return tax payments from new enterprises.