The  presented  study  examines the   experience of  financial integration  in  the   Eurasian Economic Union (EAEU).

Aim. The study aims  to systematize the  opinions of experts and  specialists on the  integration of financial markets  in  the  EAEU.

Tasks. The authors determine the  directions of research addressing the  problems of financial integration in  the  EAEU; examine various aspects of  consideration of  financial integration in  the  EAEU, specific features of  the  related  issues, and  the  area of  the  formulated  proposals; identify trends in  the  modern discussion of  integration  problems in  the  EAEU.

Methods. The  authors use  general scientific methods to analyze expert opinions on financial integration in  the  EAEU and  to identify problem areas in  its development typical of  the  modern stage, drawing attention  to  the  newly  forming approach to  understanding  the  current  role, objectives, and  prospects of  integration  in  the  EAEU.

Results. This  study identifies five areas of modern research into the  problems of integration of financial markets  in  the   EAEU. These   areas can  be  divided into  the   following thematic  units:  formation of  a single financial market, the  banking sector as  a specific segment of the  financial market, monetary and financial integration,  financial regulation,  creation of  a  single payment  space. The  specific feature  of research in these areas is its focus on the  need  to create a supranational regulatory body (megaregulator) and  relative disregard for the  practical aspects  of  this issue.

Conclusions. The problem of financial integration has  many aspects of consideration and  different depth of exploration, which lays  a foundation for the  objective assessment of the  situation in the  EAEU. Some outcomes of  financial sector  development  in  the   EAEU show  that there are significant  problems and lack of financial integration. Little progress has  been made  in the  integration, which facilitates discussion and  scientific inquiry into the  problem of updating the  model  of financial integration in  the  EAEU and specifying the  vector  of  its development.

The presented study examines the current problems of global economic development: the transition of economically developed countries to a new economic model associated with the formation and development of an innovative economy based on the generation, dissemination, and application of new knowledge.

Aim. The study aims to formulate proposals for the formation of an innovative economy in the Russian Federation and to determine the effects of the development of science and education on the major macroeconomic indicators of countries and regions.

Tasks. The authors determine the correlation between scientific and educational potential and the major macroeconomic indicators in Russian regions, including the average income of the population and level of unemployment; find and compare the ratio of the share of domestic spending on research and development in the gross domestic product (GDP) and GDP per capita in Russia and countries with innovative economies; determine the dynamics of patent activity in the constituent entities of the Russian Federation in recent years; recommend measures to develop science, education, and innovation in Russia.

Methods. The methodology of the study is based on the analysis of statistics and macroeconomic indicators relating to Russia, countries of the European Union (EU), developed and developing countries in recent years. The authors use the databases of the Russian Federal State Statistics Service and the databases of the World Bank.

Results. The correlation between the indicators of development of science and education and macroeconomic indicators in Russia and other countries is determined. It is established that the unevenness of development of the constituent entities of the Russian Federation remains a significant economic problem. The study presents the dynamics of changes in the number of personnel engaged in research and development and the dynamics of changes in the domestic spending on research and development per researcher. The diagrams show that the high number of researchers is Russia’s competitive advantage that allows the country to maintain the competitiveness of its high-tech industries. The study provides a graphic representation of domestic spending on research and development in GDP and GDP per capita in Russia and countries with innovative economies and the dynamics of patent activity in Russian regions.

Conclusions. The authors predict a positive scenario of economic development in Russia providing that the proposed recommendations on the development of science, education, and innovation are followed.

The presented study examines over 20 years of experience of Kyrgyzstan in building an environmentally responsible market economy in the Kyrgyz Republic.

Aim. The study aims to determine the major prerequisites for the development of regional business processes that are forming in the context of the genesis of green economy in Kyrgyzstan under modern conditions. 

Tasks. The authors identify the factors of the greening of the country’s economic development at the current stage, examine regional conditions for the greening of production, and determine the specific aspects of business processes implemented in the environmentally responsible sectors of Kyrgyzstan’s national economy in accordance with the principles of green economy.

Methods. This study uses general scientific methods of cognition to examine Kyrgyzstan’s policy in various aspects in the context of transition towards the principles of an environmentally responsible green economy, to specify strategic factors and conditions that facilitate its building, and to determine perspective directions for its development.

Results. In Kyrgyzstan, the transition towards the principles of green economy is accompanied by market reforms aimed at building a socially-oriented market economy. The study shows that a strategy for stimulating and supporting business processes in traditional and perspective industries can help to achieve green economic growth and meets national interests in terms of sustainable long-term balanced environmental and economic growth. By comprehensively improving socio-economic conditions, digitalization of the economy has a positive effect on the green modernization of Kyrgyzstan and improves regional policy in terms of optimal regulation of business processes and the strategy for the greening of the country’s socio-economic development.

Conclusion. A comprehensive examination of the foundations of socio-economic development in Kyrgyzstan involving identification of stimulating and constraining factors of economic greening makes it possible not only to determine the national specificities of transition towards the principles of green economy, but also to provide insight into the strategic prerequisites and the country’s reserves to sustain the greening of long-term economic growth across the country’s industries and regions.

Aim. The presented study aims to analyze the Russian robotics market in the context of digitalization — transformation of socio-economic systems, and to identify areas where robotics is actively used, both in Russia and globally.

Tasks. The authors analyze the market of industrial and service robotics in Russia and examine the socio-economic effects of robotization, showing its key role in improving the efficiency of the national economy, increasing performance, and saving labor.

Methods. This study uses analysis and comparison of indicators characterizing the robotics industry in the Russian Federation.

Results. A number of current problems and advances in the development of robotics in Russia are examined with allowance for the existing institutional support in this industry. Proposals for the development of robotics are put forward.

Conclusions. Progress in robotization results in labor savings in the field of production and services, reducing the working time fund in both areas. The study shows that in the context of transformation of socio-economic systems it is necessary to build a model of institutional support. A development strategy for the robotics industry in Russia should focus on such directions as personnel training, technology entrepreneurship, and government subsidization. The authors see avenues for future research in the development and substantiation of additional proposals on the mechanisms of government regulation of robotics, risk insurance, and development of entrepreneurial competencies in the field of digital entrepreneurship.

The  presented  study examines the  problem of  application of  innovative digital  technologies  and  artificial  intelligence  in  the  Russian banking sector.

Aim. The  study aims   to examine the   significant problems of  application of  innovative digital technologies and  artificial intelligence  in  the  Russian banking sector.

Tasks. The  authors explore directions for the  digital  modernization of  the  banking sector  and  show trends in  the  transition of  banks into  the  digital  segment.

Methods. This  study uses  the  methods of  systems analysis, econometric analysis, evolutionary-institutional theory, and  historical  approach.

Results. The  issue of  application of  artificial intelligence  in  the   field  of  banking services and   the specific aspects of  such  application with regard to this type of  activity are examined. Digital transformation of  the   banking sector in  Russia is  analyzed. The  major problems of  implementation and development of cross-cutting platforms and  technologies in  the  banking industry are identified, showing  the  importance of their application at the  current stage of development of the  country’s financial sector as  a  factor in  the   improvement of  supervisory and  control activities and  reduction of  risks. Examples of  the   application of  banking tools using artificial intelligence are provided based  on  the experience of  Russian and  foreign banking institutions.

Conclusion. Application of  artificial intelligence in  the  banking sector is  a  powerful tool that could reduce the  time required for data  processing and  improve the  quality  of  services. With the  development of  automated collection, processing, and  analysis of  information  using advanced digital technologies and  platforms, the  quality of  data starts to have  an  increasing impact on  the  efficiency of management  decisions.

The  presented  study examines over  five  years of  experience in  the   development  of  socially oriented retail  banking products  and  their transition towards  remote service channels.

Aim. The  study aims  to structure the  major stages in  the  development of  market relations and  digitalization  of  the  economy,  including the  banking sector.

Tasks. The  authors identify key  problems and  activities in  the   application of  technological and  administrative measures resulting from the  transition of customers of credit institutions towards remote service channels for socially vulnerable segments  of  the  population.

Methods. This   study uses   general methods to  analyze the   development  of  such   socially important banking services as  mortgage lending, bank  cards, loans to  public employees, and  education loans. Results. The  problems of digitalization of socially oriented banking products consist in  the  low extent to  which banks use  their customer  base  and  knowledge about clients.  In  Russia, there is  a  need  for insurance against  fraudulent  activities with funds deposited  in  customer  accounts.  Digitalization  of the  financial component is impossible without the  implementation and  promotion of new  technologies in  the  banking sector.

Conclusions. The  government should take active part in  the  development of  social responsibility by establishing  special programs, prizes, awards, and  tax  incentives. To  substantiate  the  sustainability of  the  commitments made  towards socially responsible behavior,  banks need  to constantly maintain internal control over  compliance with the   current strategy for the   development of  digitalization of socially oriented  retail  banking products  and  their security.

The  presented study addresses the  key  problems of  factorial impact on  economic growth  and  its innovativeness. It examines the  priorities of the  dominant impact of innovations on the  implementation of  advanced technological  solutions and  explores the  targeted  relationships between industrial  potential and  technological  paradigm in  the  context  of  common interests  in  the  efficient  consumption of all  types of  resources, including financial and  intellectual resources, which cumulatively have  a  significant  impact  on  competitiveness and  economic growth.

Aim. The  author aims  to provide insights into the  conceptual framework of  industrial growth intensification based  on management decisions and  innovative forms of self-regulation of the  technological process with high added value.

Tasks. This  study examines the  theoretical and  methodological framework of  assessing the  relationships in the  self-regulation mechanisms of economic processes; determines the  dynamics of breakthrough areas in  innovative industrial development  with allowance for the  integration  of  interests  according to  the  target function; shows  the  mechanism of  structural  relationships in  innovative breakthrough development,  factors  and  trends of  industrial growth.

Methods. The  author uses  general scientific and  specific research methods, including the  systems  approach; factor  and  function analysis; methods of  inquiry into  technological  breakthrough in  the  context of  the  policy  of  dominant  priorities and  modern trends in  industrial growth.

Results. A methodological approach of innovative technological breakthrough management is proposed, which involves comprehensive consideration  of  the   influencing relationships  in  the   self-regulation mechanisms of  this process. This  approach makes it possible to  identify the  effects  of  the  laws  and principles of  innovative development at the   macro- and  micro-level, which determines the   potential opportunities for economic growth and  industrial development. Laws  and  principles serve as a foundation for the  policy  of technological breakthrough and  minimization of investment risks, which applies higher requirements to the  system of public administration of development institutions. A mechanism for assessing the   performance of  the   technological  process is  proposed, and   the   potential for economic  growth is  determined.

Conclusions. Application  of  new  principles of  regulating technological  breakthrough  changes the mechanism of reproduction process management, which intensifies the  resource potential of industries with a high level  of  innovation and  efficiency.

Aim. The  presented study aims  to examine the  current state of small and  medium enterprises in  Russia  and  propose ways  to  improve the  efficiency of  small enterprises  in  modern economic conditions.

Tasks. The  authors formulate  proposals that would make   it possible to  increase the   economic efficiency of  entrepreneurship and  to  solve  problems in  the  field  of  small and  medium business.

Methods. This  study applies a comprehensive approach to  the  development  of  proposals aimed at improving the  efficiency of  small and  medium enterprises.

Results. Based   on  the   strategy  for the   development  of  small and   medium enterprises  in  Russia in modern economic conditions,  the  authors propose directions for improving business activities.

Conclusions. The  study provides proposals to increase the  efficiency of small and  medium enterprises in the  context of Russian market relations with allowance for the  strategic and  socio-economic aspects of its development. The  government’s current priorities include solving the  key  problems of small and medium enterprises,  improving the   legal framework in  this sector,  establishing  new  infrastructure and  preferential financial and  credit  support across all  levels of  government.

The  presented study analyzes the  problems of  public procurement associated with the  pricing of  procurement  items.

Aim. The  study aims   to  substantiate  recommendations on  improving the   pricing of  items  procured under government  contracts  implemented  in  accordance with the  laws  of  the  Russian Federation.

Tasks. The  authors  examine various problematic aspects  of  formation of  the  initial (maximum) price under government  contracts  and  propose ways  of  neutralizing them.

Methods. This   study uses   the   methods of  institutional, structural, and   functional  analysis of  economic  phenomena and  processes and  specific methods of performance evaluation, comparative analysis, and  expert assessment.

Results. It is  established  that the  Russian public procurement  system  has  a number of  shortcomings and  does  not  function efficiently enough. That said, most of the  problems that affect its development arise from the  inadequate establishment of initial (maximum) contract prices. Errors and  inaccuracies in  pricing are what makes the  public procurement system inefficient. They  occur due  to the  lack  of qualified personnel in  the  procurement  divisions of  customer  organizations, inconsistency  of  the  system of economic interests mediating public procurement, errors and  institutional shortcomings in  the establishment  of  the  initial (maximum) contract  price, etc.  In  order to  increase the  efficiency of  public  procurement, the  authors provide recommendations aimed at improving the  reliability of  substantiation of  the  initial (maximum) contract  price.

Conclusions. According to  the  results  of  the  study, the  authors propose directions for improving the pricing mechanism for goods  (works, services) procured to  meet  government  needs.

The  presented  study examines the  current  state of  intellectual  property management  and  the  level  of innovative development  in  Russia.

Aim. The  study aims  to  assess the  current  state of  innovative development  in  Russia associated  with the  modernization of  the  Russian economic system.

Tasks. The  authors examine the  factors that affect the  level  of innovative development of the  Russian economy, identify problems in  intellectual property management and  perspective innovative development  of  the  Russian economy.

Methods. The  methodological  basis of  this  study  comprises the  fundamental  provisions of modern economic theory, theories of  public administration in  the  field  of  intellectual  property, and  comparative analysis of indicators that characterize the  level  of innovative development of Russia and  certain foreign countries. The  informational  basis of  the  study includes laws  and  regulations of  the  Russian Federation on  intellectual  property, statistics  relating to  Russia and  foreign countries in  the  field  of intellectual  property management  and  innovative development,  and  materials  of  national programs.

Results. At  the  current  stage  of  development  of  the  intellectual  property management  system,  it is necessary to apply the  model  of complete innovative modernization of the  economy in order to increase the  level  of  innovative development  in  Russia.

Conclusions. According to  the  results  of  examination of  indicators  in  the  field  of  intellectual  property management and  innovation economy, there is a strong correlation between the  application of the results  of  intellectual  property and  advanced production technologies,  innovative activity,  and  longterm  competitiveness of  organizations with different  forms of  ownership and   engaged in  different types of economic activity. This  study will  be continued in  the  future to identify new  ways  to enhance the  competitiveness of  Russian organizations that sell  goods, works and  services.

The  presented study examines the  models of franchising development in  Russia and  modern trends in the  development  of  the  franchising market, briefly describing modern franchising models.

Aim. The  study aims  to  identify patterns  and  trends in  the  formation of  franchising systems  in  Russia  in  order to  formulate  recommendations for enterprises  with a  potential for development  as  a franchise.

Tasks. The  authors analyze the  materials of  information and  exhibition websites on  franchising development (buybrand.ru, franshiza.ru), relevant works of modern researchers of franchising practices (L.A. Mikhailova,  N.V. Rasskazova,  A.V. Pokrovskaya,  etc.),  periodicals and   newspapers, industry associations and  unions (rusfranch.ru,  Russian Franchise Association – RAF), and  scientific works of foreign authors on  the  subject.

Methods. To achieve the  set  aim, this study uses  analytical methods, including synthesis, classification approaches, methods for systematizing  and   structuring  information in  the   field  of  franchise business.

Results. The  global economic crises of  2009  and  2015  defined the  new  socio-economic conditions for business. A decline in  the  investment  attractiveness  of  new  projects  and  consumer purchasing power has  led  to the  closure of many recently commissioned production facilities, strengthening the  position of  long-standing  brands and   companies. This   has  facilitated  company development  in  the   form of franchising and   transformation  of franchising  models in  light  of deteriorating  international  trade relations.  New, flexible forms of  joint business have   emerged, such   as  when   the   franchisor is  a  coinvestor of the  franchisee, splitting risks and  costs (branchising); when  the  franchisor relaxes requirements  for the   franchisee and   allows   departing  from the   instructions  (free franchising); when   the franchisor provides the  franchisee with its own  outlet, dealing with the  strategic  aspects  of  business development  (refranchising).

Conclusions. Examination  and   assessment  of  the   economic efficiency  of  the   new, flexible forms  of franchising and  their practical application in  the  context  of  economic and  political turbulence make it possible to  minimize risks for all  parties and  provide insight into  the  factors  that ensure sustainable  development  of  the  franchising business in  Russia.

The  presented study analyzes the  development of distance higher education. Distance learning, previously available via  correspondence between students and  teachers, has  undergone a radical transformation into  online education  (e-learning),  which uses   learning management  systems  as  well  as  other online and  digital  tools.

Aim. The  study aims  to structure the  major elements of  directions for the  development of  distance learning in  Russian and  foreign higher educational institutions.

Tasks. The  author examines the  existing types of distance learning and  their effects on student activity, exploring the   essence of  requirements  for the   successful implementation  of  distance  learning systems.

Methods. This  study uses  analytical methods and  methods for structuring and  systematizing information. The  author makes reference to  the  works of  other researchers on  distance  learning and  e-learning, uses  legal information and  materials  from Internet  sources.

Results.  Application of  information and   communication technologies  (ICT)  in  education has  great potential. It is  necessary to  thoroughly analyze technological  and  digital  systems  that ensure the  efficiency distance  learning. There are many platforms, both open  and  private,  for distance  learning. Conclusions. Realization of  innovative potential will  improve the  level  of  higher education in  Russia and   its prestige in  the   global market, while   implementation  of  innovative research programs will mitigate  the  problem of  brain drain.