Trends in the Development of the Timber Processing Complex of Irkutsk Oblast

The timber industry makes a significant contribution to the economy of Irkutsk Oblast, its branches are represented by: logging, wood processing (production of sawn timber, fibreboard, chipboard, plywood), pulp and paper industry. Irkutsk Oblast has the largest forest resources in Russia. They are a base for the creation of a highly developed timber-processing complex in the region; its products are consumed both domestically and abroad. This article is dedicated to the analysis of the trends in the timber processing industry over the past seven years. The author examined statistical data of the basic performance indicators, as well as the financial results of the enterprises of the timber-processing complex of Irkutsk Oblast. Comparative analysis was used as a research tool. The author made the analysis of tax revenues into the consolidated budget of the Irkutsk region derived from the spheres of activity of timber enterprises. She also examined the main characteristics of the forest resource potential of Irkutsk Oblast, as well as the features of the forestry industry of the region. In order to strengthen mechanisms for attracting investments in the timber processing industry, the author proposes a number of measures and draws conclusions about the prospects for the development of the timber industry complex in Irkutsk Oblast.