The main purpose of the paper is to analyze the problems of effectiveness improvement, sustainability and development of Russian state-owned enterprises. Factors that affect economic sustainability of complex social and economic systems are revealed. The authors classify the factors of economic sustainability of state-owned industrial enterprises. The inconsistency of the institution of state-owned corporations is analyzed, its role and specific character are revealed, resources and possible drawbacks of state-owned corporations are shown in the contexts of modernization processes in the Russian Federation. The essence of the concept of sustainability is considered from the perspective of systems theory and system analysis. The necessity to increase the economic sustainability of state-owned enterprises under the conditions of imperfect government control and uncertainty of the external environment is justified. The authors emphasize urgency and reasonability of forming conditions to increase the effectiveness and sustainability of the functioning of state-owned corporations which were established to ensure the strategic interests of the state in the economic sphere.

We show that economic well-being is determined by various factors. But at the same time objective attributes don’t always affect the subjective measure of personal well-being. However the formation of stable macroeconomic environment is a core condition of a social development. Modern society claims to increase the number of state functions related to human wellbeing, economic growth, national defense capability etc. Such expansion has to be evaluated. In this paper, we define some approaches to the performance evaluation of the state institutions of development. We analyze the activity of State Corporation Deposit Insurance Agency in the context of the human wellbeing in Russia

The article considers key aspects of Russian rocket and space industry digital transformation and justifies the appropriateness of using the principles that underlie a concept of a digital enterprise in order to maintain Russian space industry leadership in terms of the increased competition. It is shown that Russian rocket and space industry is losing the competition in the world market, owing to continuing stagnation of industrial enterprises, as well as existing obstacles to innovative development and technological re-equipment of enterprises. The article focuses on the prospects of using key innovations created in the convergence of digital and space technologies at rocket and space industry enterprises and introduction of modern automation equipment, which shall result in development of a digital enterprise model and make space business more effective. It is also justified that sustainable development of rocket and space industry enterprises is a necessary prerequisite for shifting towards digital transformation in order to boost competitiveness and maintain leadership in the market of space-based technologies and services.

Abstract.There are many different types of economic systems used through the world. The government attempts to control and regulate economic branches of strategic importance. Property is a fundamental element of economic power, it is a basis required to fulfill the state functions and tasks, to provide society with vital benefits such as health care, education, high living standard, life quality and well-being of citizens. A major part of production of public goods is carried out by the public sector of the country. Stateowned corporations in Russia are relatively new business structures. They have a market leading position to deal with global economic and social problems of the state.