Socio-economic development of the Kaliningrad region

Saint Petersburg State University of Economics, 21 Sadovaya str., 191023 Saint Petersburg, Russia

^* Corresponding author: mordovets@mail.ru

Abstract

The scientific article is devoted to the research analysis of the features and trends of the socio-economic development of the Kaliningrad region in the modern period. The relevance of the study is due to the spread of the Covid-19 coronavirus infection pandemic, which negatively affects the economic security of the regional constituent entities of the Russian Federation, including the Kaliningrad region. The article provides a chronological analysis of the dynamics of the level of socio-economic development of the Kaliningrad region. A comparative analysis of the Kaliningrad region with other regions of the Northwestern Federal District is carried out. The main problems and threats to the socio-economic development of the Kaliningrad region have been identified and described. Directions and measures have been developed and proposed that are aimed at neutralizing threats and stimulating further socio-economic development of the Kaliningrad region. In the conclusion of the scientific article, the author found that the current prospects for the socio-economic development of the Kaliningrad region are affected by national problems, including the shadow sector of the economy, deficit of budgetary funds, poor development of regional market infrastructure for sustainable development of social production, insufficient level of state support for innovative activity of economic entities, slow pace of digital transformation in the authorities of the regional government, principle of budgetary federalism and regional protectionism.