The article reflects the need for risk management at oil engineering enterprises. Here the category of risk is considered as "probability of loss, threat". The main risks affecting oil engineering enterprises, arising from both external and internal risk factors, are systematized. To analyze and assess industry risks, the factors for assessing the activities of enterprises are reflected in detail. The article also discusses the causes of structural risks. For a more refined analysis, their main indicators are described. A model is also presented that allows you to determine the areas of influence more accurately on the efficiency of the enterprise. In conclusion, a conclusion is made about integrated risk management, which will precisely allow us to resist negative impacts, ensuring the sustainability of this sub-sector. Keywords: oil engineering enterprises, innovative development, risks, capital, non-oil industry enterprises, financial indicators.
The article discusses the priority directions of innovative development of the machine-building complex in Azerbaijan. Mechanical engineering as the most important branch of industry is an industry capable of ensuring sustainable and sustainable innovative development of the country's economy. However, in the era of globalization, this area has faced numerous problems. This can be explained by: a shortage of investments; outdated means of basic production; high competition in domestic and global markets; a shortage of qualified personnel, etc. All this makes it urgent to modernize and recreate the machine-building industry of Azerbaijan in accordance with the requirements of the time. Based on this necessity, the article examines the aspects of sustainable economic development of the machine-building industrial complex. At the end of the article, assessing the current state of the machine-building industrial complex of Azerbaijan, strategic directions of its scientifically-based innovative economic development are proposed. Keywords: strategic development, mechanical engineering, competitiveness, innovative development, state support
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