Prospective directions regarding the management of forestry development in Podilsk economic region

The article considers theoretical and methodological approaches and prospects for stimulating the development of forestry in the Podilsk economic region. The main factors of negative impact on stimulation and development in the forest sector of the region are identified. Promising management approaches that will ensure effectiveness in the management of the timber industry are clarified. The stages of solving the problems of forestry in carrying out reforms with the use of foreign experience, as well as improving institutions, market mechanisms in combination with state support are given. It is proved that the development of the forest resource sphere of the Podilsk economic region should be based on the active cooperation of public-private partnership, which will attract additional financial resources for the development, modernization and creation of new forestry industries. And also change of the approach of administrative decisions will promote development of infrastructural maintenance of the Podolsk economic area. The introduction of modern management mechanisms will reduce the monopolization of the timber market in the region, and the attraction of private capital in forestry will lead to a competitive environment. In turn, forestries, as stakeholders in the regional market process, will be motivated to increase wood diversity with an emphasis on more valuable species of wood. The directions of improvement and improvement of conditions of forestry development in Podil economic region, and also regulation of forestry which should provide stable development of forestry by increase of rationality of management and multipurpose use of forest resources are defined.