Purpose. To study basic principles and conditions of the efficiency of the system to redistribute mineral extraction revenue including the countries with lower levels of welfare.Methods. The research applies a method of qualitative and quantitative analysis of the scientific literature, data by the Natural Resource Governance Institute, national reports according to the Extractive Industries Transparency Initiative, and open Internet sources. Taxation schemes for mineral extraction revenue as well as the most important tendencies in the schemes changes over the recent years were considered. Distributions of the resource taxes in terms of the state administration levels as well as vertical distribution of budget receipts from the development of natural resources were analyzed. The countries distributing tax receipts from the mineral extraction in favour of the local authorities were selected as the object of the research.Findings. It has been determined that in the majority of countries, payments from mineral extraction are sent to the national-level institutions being distributed back to the mining areas or neighbouring territories. It has been pointed out that certain countries send a share of the mining income to the local budgets automatically using the formulas based on the objective indicators such as amount of population, amount of budget receipts from the area, poverty rate or geographical position. It has been identified that the basic principle of the system of resource use taxation to provide social welfare is represented by the optimal taxation scheme stimulating the production and maximizing the income which share is redistributed in favour of the society to cover all the local administration levels.Originality. The comparative analysis and determination of the recent data of distribution of budget receipts from mineral resources in terms of the developing countries.Practical implications. The obtained results may favour the scientific substantiation of the strategy to distribute mineral extraction revenue, planning of the development of mineral and raw material complex of the Central Asian countries; moreover, they may be useful while assessing the efficiency of investment projects of the field development.

Currently, the term ESG (Environment, Social, Governance) is commonly found in scientific papers though the term was introduced in 2004. Before that, many studies were devoted to the issues of sustainable development, where, among others, the social, economic, and environmental factors influencing the development, including the regional economy, were considered and are still being analyzed. The concept of sustainable development became widely recognized even earlier – in 1987. Currently the principles of sustainability were transformed into environmental, social and corporate governance (ESG). What is the reason for the renewal of the term? Following the trend? Or have the business structures really shifted to environmental protection and social responsibility towards society? Is it possible to apply ESG principles to both public and corporate governance? The authors give answers to those questions in the article. Its first part is about the sustainable development essence in public administration and in particular, about the features of the regional economy. Authors propose a clarification of the concept of sustainable development of the regional economy. The second part of the paper is about ESG principles in business, and the activities of business structures to match their performance with the challenges of the “green” agenda.

INTERNATIONAL language conference on "Important of learning professional foreign languages for communication between cultures (10 ; 2018 ; Maribor) Conference proceedings [Elektronski vir] / 10th International language conference on "The importance of learning professional foreign languages for communication between cultures"

The paper explains the interaction of science, entrepreneurship and digital technology as a key factor in the formation of a new entrepreneurial philosophy. The prospects for the development of R&D in the digital economy are examined, corresponding problems that are associated with the unsatisfactory position of Russia in the international scientific and technological exchange in terms of solving the problems of digitalization are identified. The development of the startup ecosystem in Russia is analyzed as a key result of intellectual entrepreneurship. The conclusion is drawn on the necessity of consolidation of digital and knowledge economies features for entrepreneurial culture boosting, which in its turn, is an important factor for the National economy growth.

No abstract