In this paper the different positions concerning the economic role of state are considering. Three main groups of views which taken place in Russia, are highlighting: liberals, statists and lefts. This analysis is providing on the basis of highlighting by Alexandr Buzgalin three main forms of state from the point of view of its economic functions: statebureaucrat, state-capital and state-society. The contradictory nature of the combination of these forms of state is demonstrating. Although the sides in the discussions, as a rule, don’t identifying themselves with one of these forms, the defense of one of this or that form became the main border between the positions of the sides. In the dependence of this the answer on the question of the nature of state is made. The key disagreements on the main questions of economic development, economic relations and institutions between the participants of discussions on economic functions of state are formulating. As a conclusion the view on the prospects of evolution of state in connection with the formation of the transitory post-market relations and on the interaction of state and society in this process is representing. The role of democratic institutions of civil society in this process is stressed. This attitude is presenting as an alternative to the liberal-conservative and statist trend.

The paper analyzes the premises and impacts of dependent capitalism model formation in Central-East European (CEE) countries, new EU members; the model is based on large-scale inflow of foreign investments and coordination of economic ties by hierarchies of transnational corporations. It is stated that CEE countries’ leaderships run into a neoliberal democracy paradox, i. e. the need to meet citizens’ social demands while exercising ever less control over national economies. The prospects of dependent capitalism model continuance in the region are assessed under new post-crisis trends in world economy, in particular, in view of reduction of transborder capital flows and decelerating international trade growth.The sources of economic growth operationalized in CEE countries in order to evolve from long-running stagnation they found themselves in after the world financial crisis, are researched. It is proved that reliance on growing domestic consumption accompanied by weaker export orientation of the economy leads to CEE countries losing their important comparative advantages. The higher-than-anticipated growth of wages compared to labour productivity growth, depletion of reserves in utilization of labour resources cause deterioration of regional economy competitiveness.Special attention is paid to analyze the premises of spreading of economic nationalism ideology in the region. Exemplified by Hungary, years long leader among CEE countries in foreign capital inflow, tools are demonstrated which are applied in the framework of economic policy aimed to restore state control over market economy; an attempt is made to evaluate the effectiveness of this policy. The conclusion is drawn that – contrary to liberal dogmata dominating in economic theory – making use of tools of economic nationalism can be rather efficient even under conditions of small size post-socialist countries of Europe.

The article is devoted to the characteristics of political uncertainty and its influence on stock market. Intensification of political factors' pressure on financial market defined the necessity to set up an indicator that will assess the political uncertainty. For this purpose factors specifying the political uncertainty were found out on the basis of existing approaches – governor's personality, parliamentary elections, civil servants' change frequency, president's election, revolutions and political regime are among the factors.There are several indicators developed on the basis of the defined factors that give an assessment of the political uncertainty level. One of the most popular – Index of Economic Policy Uncertainty (EPU index) – is constructed in terms of text analysis method using the estimation of media coverage. This index became the background of developing the author's index of political uncertainty for Russian companies, which differs by analysis of a wider empirical basis and applying an extended dictionary of economic terms. In order to deepen research two indexes directed to Russia Sanctions analysis were also constructed. The high level of the developed political uncertainty index accuracy for Russia was proved during its testing on the empirical basis for period from 2013 to 2018 in comparison with EPU index. An inverse relation between the level of political uncertainty and stock index was also determined using econometric methods. Therefore, a negative influence of political uncertainty on Russian stock market was proved.

.