Keyword: «institutional environment»

The authors highlight the functions and peculiarities of the regional market services; analyze the institutional order, the institutional environment and the institutional structure of the regional services market as the eco-nomic institution. It was determined that the ratio of the institutional order, the institutional environment and institutional framework can be solved in the framework of complementarity, which provides the focal effect of subjects and objects of the regional services market.

In recent years, relations between Russia and Finland at the interstate level have experienced a period of serious cooling in due to the Ukrainian crisis of 2013–2014. Nevertheless, cooperation between the border territories of Russia and Finland, despite the sanctions and the decline in trade, continues today. In this regard, the regional institutional environment of cross-border economic cooperation (CEC), its quality is important. The article describes approaches to assessing the quality of the institutional environment of CEC; the example of the Republic of Karelia outlines the possibilities of such an assessment at the regional level.