scholarly journals LEGAL REGULATION OF INVESTMENT ACTIVITY IN THE AGRICULTURAL SECTOR OF THE UKRAINIAN ECONOMY

Introduction. Legal regulation of the process of attracting investment in the agricultural sector of Ukraine's economy is the basis for the formation of an attractive investment climate in the country. The level of investment in agriculture is insufficient to increase the export potential of our country. Topicality. Investment activity in the field of agriculture was studied according to the criteria of economic indicators, and the legislation establishing the procedure for attracting investment in the agricultural sector of the national economy was ignored. Purpose. Analysis of the current legislation on the process of investing in the agricultural sector of the national economy, study of the international legal framework on this issue, as well as identifying ways to optimize the legislative regulation of the investment process to increase the attractiveness of the investment climate. Methods. Theoretical and general scientific (analysis, synthesis, systematization), empirical method (method of comparison). Results. Based on the results of the study of regulatory and legal regulation of investment activities in the agricultural sector of Ukraine, international acts are analyzed, which regulate the basics of investment activities, including the Seoul Convention and the Convention on the Settlement of Investment Disputes between States and Foreign Persons. The main legal acts on the investment process in Ukraine were also studied, namely: Law “On Investment Activity”, Law “On State Support of Agriculture”, Resolution of the Cabinet of Ministers “On Approval of the Program for Development of Investment and Innovation Activity in Ukraine”. It has been found that the Ukrainian legislator is working to optimize the regulation of investment activities, but problems related to inconsistencies in regulations, corruption, inefficiency of the judiciary and legislative support of the investment process are still obstacles to improving the investment climate. Conclusions. Improving the effectiveness of legal regulation should be aimed at: eliminating shortcomings in the regulation of investment activities, increasing the level of state support for agriculture, a clear delineation of the competence of public authorities implementing investment policy.

Author(s):  
Evgeniya Mikhailovna Popova ◽  
Irina Vitalevna Mezentseva

Currently, the Russian regions apply a vast array of tools for regulating the investment process, including tax incentives. Active use of tax preferences is dictated by the fact that in the conditions of regional budget deficit, tax incentives, unlike subsidies, do not require direct budget expenditures for stimulating investment activity. However, the world experience demonstrates that tax incentives do not fall under the group of factors that strongly affect investment decisions. For determining the degree of preference of tax incentives in relation to other measures of regional support, a survey was carried among Chinese investors, who implement investment projects on the territory of Zabaykalsky Krai. The survey was based on a method of hierarchical analysis based on the special matrices by filed in by the investors. The acquired results displayed that out of ten measures of state support, tax incentives hold the eighth place. The calculated coefficient of the significance of tax incentives testifies to the low attractiveness of fiscal stimuli for the Chinese investors. The authora attempted to find the reasons for tax incentive not being in demand. The scientific novelty of this work consists in conducting the analysis of regional legislation that regulates the order of granting investment tax incentives based on the concept of behavioral economics. In the course of application of the provisions of behavioral economics, emphasis was made on the subjective aspect of the mechanism of preferential taxation. The reasonableness of considering such peculiarities of human mind as cognitive inertia and relativity is substantiated with regards to arranging the structure of tax incentives that would allow increasing the importance of tax incentives in formation of investment climate on the territory of Zabaykalsky Krai. The authors make recommendations on increasing the attractiveness of tax incentives among Chinese investors based on the concept of reference point and the effect of loss aversion.


2020 ◽  
Vol 18 (Suppl.1) ◽  
pp. 607-613
Author(s):  
D. Stoyanova ◽  
D. Stoyancheva

This report aims to analyze the impact of state grants upon the effectiveness efficiency of the enterprises in the Agricultural sector. The presence/absence of the correlation between the “received state grants - financial results from the activity of the agricultural enterprises” was studied. The efficiency of agricultural enterprises is expressed through the indicators of profitability and productivity. The empirical data for a period of 10 years 2008 – 2017 were shown in the study. The main activities of the surveyed enterprises are crop, livestock and combined - crop-livestock. Based on the results obtained, it is expected that the receipt of grants will have a positive influence on the performance of enterprises in the agricultural sector, measured by indicators of effectiveness and productivity. The following research hypotheses have been proved: the positive effect of the grant is more obvious in larger agricultural enterprises, which have higher productivity and profitability compared to small and medium-sized farms; agricultural enterprises which receive grants and are characterized by higher investment activity and are also characterized by higher innovation activity; based on the predominant number of crop enterprises, it is assumed that this type of activity leads to the achievement of higher financial results as a result of the activity of the agricultural enterprises; the age of the enterprises, expressed through the years of their activity, contributes significantly to higher profitability and productivity of the carried out activity.


2020 ◽  
pp. 137-144
Author(s):  
Serhiy Sokolyuk ◽  
Vitalii Rybchak ◽  
Olena Zharun

The article analyzes the investment climate in Ukraine. The structure and dynamics of investment income in the national economy are investigated. The main problems and factors of attracting foreign investments, that are restricting the investment activity of domestic enterprises, are analyzed. It’s explored the place of Ukraine in the international ranks towards doing business and the overall state of the investment climate. The influence of macroeconomic factors on the investment activity of foreign investors is substantiated. It’s offered the directions of increasing the investment attractiveness of the Ukrainian economy in the current conditions of development.


2020 ◽  
pp. 18-23
Author(s):  
Andrii KUZNIK

Introduction. Development of the information technology industry in Ukraine under economic crisis proves the relevance of research on further increase in investment in this area. The proper management of investment processes requires sophisticated methods fostering the information and technological revolution and being a decisive factor in overcoming the crisis. The purpose of the paper is to establish the relationship between the stages of investment management when creating an innovative product in the field of information technology under the stable and uniform investment legislation. The use of deductive method, analysis and synthesis allowed solving the task according to the purpose of the study. Results. The study of the investment law evolution in Ukraine in terms of investment policy, principles of investment activity and objects of investment activity allowed determining its impact on the investment climate. Certain steps are defined to improve the latter with regard to the international norms implementation in Ukraine. The positive aspects of the investment legislation norms that regulate investment relations and issues complicating the legal regulation of investor protection at the level of investment organization at the enterprise are analyzed. The conclusion is drawn on the investment management peculiarities in the production process of the IT enterprise taking into account both the innovation product nature and the adaptability of the investment organization model to the environment of external legal norms defined for the object, its services or IT services and internal management regulations based on key reference management systems (ISO). Ensuring the proper investment management creates strategic value for the enterprise, investors and users of the innovative product. Conclusion. As established, under the proper investment process management for the innovative product development, IT enterprises can achieve their strategic development goals and enhance competitiveness. The investment management model for IT enterprise is suggested, which contains four stages of the investment process: research of potential investment market in the field of IT, preparatory work to introduce investments in production, investing in innovative product development (IT), displaying of investment results. Internal factors (components) are provided for each of the steps to ensure the result of investment development.


2021 ◽  
Vol 274 ◽  
pp. 05010
Author(s):  
Rufina Ivanova ◽  
Dilyara Mukhametzyanova ◽  
Olga Belay ◽  
Rustem Sirazetdinov ◽  
Ella Biktemirova

The effectiveness of innovation activity is largely determined by the relevant infrastructure which is the basic component of a developed economy. The correlation between the development of the innovative economy and the intensification of investment activity is revealed. On the basis of retrospective analysis of trends and patterns in the development of investment activity, an assessment of the resource support of the investment process in the Republic of Tatarstan is carried out. The need for advanced development of the production potential of the investment and construction complex of the region and the material and technical base on the basis of the development of the local raw material base is justified. An economic and mathematical model of the interaction of investment recourses that determine the level of innovative development of the region is proposed. On the basis of the theory of factor models, the quantitative relationships between the factors that have the greatest impact on investment development are investigated. They are: gross regional product, investment in fixed assets, the volume of contract work, the volume of investment in housing construction, the cost of research and development in the gross regional product, the share of innovation costs in industrial investment.


Ekonomika APK ◽  
2020 ◽  
Vol 314 (12) ◽  
pp. 81-89
Author(s):  
Grygorii Kaletnik ◽  
Nataliia Koziar

The purpose of the article is to develop, based on the generalization of domestic and foreign experience, guidelines for enhancing investment in the agricultural sector. Research methods. A set of special methods of economic research was used during the research process. Using abstract-logical method, the conclusions to the article are formulated. The method of theoretical generalization was used in the critical analysis of research results of domestic and foreign scientists on the substantiation of investment factors and methods of assessing the effectiveness of investment. In the process of analysis, the statistical and economic method was used, which made it possible to clearly identify the factors that affect investment activity in the agricultural sector of Ukraine. Research results. The current state of investment activity in the agricultural sector of Ukraine is studied. The main factors influencing the intensification of investment in agricultural development in Ukraine are identified. Methods of state stimulation of investment activity are analyzed. Scientific novelty. A scientific approach to the introduction of a program of state support for dairy producers by introducing subsidies for the growth of each head of cattle introduced into the main herd, which will provide an economic incentive to attract investment in the livestock industry. Practical significance. The main factors that negatively affect the intensification of investment activity in the agricultural sector of Ukraine have been identified. The need to restore the special VAT tax regime for agricultural enterprises that simultaneously produce livestock and crop products (except for chicken producers) as the most effective method of state support for their activities has been confirmed. It is proved that in order to introduce effective mortgage lending it is necessary to resume the activities of a specialized institution - the State Mortgage Bank. Tabl.: 2. Figs.: 1. Refs.: 12.


2020 ◽  
Vol 16 (4) ◽  
pp. 137-141
Author(s):  
YURY SHPINEV ◽  

Creating a favorable investment climate is one of the most important tasks of the economy, however, the legal regulation of investment activity in Russia has a number of serious shortcomings. The quality of legislation on investment relations depends on an objective and deep understanding of the legal nature of investments. In this regard, the author seeks to study various approaches to determining the legal nature of investments. The methodological base of the research was based on the methods of formal logic and concrete scientific methods, technical-legal and historical-genetic methods. The author's position is based on the current legislation and the opinions of legal scholars on the legal nature and essence of investments. Based on the analysis of current legislation, the author points out the problem of determining investments in normative acts and in legal science. Various approaches to the concept of «legal nature» and «legal essence» and opinions on the legal nature and essence of investments and investment contracts are outlined. The author's definition of the category «legal nature» is proposed. As a result, the author comes to the conclusion that in order to establish a unified legal and scientific definition of investments, it is necessary to determine their legal essence and legal nature, which in turn requires studying and describing the primary characteristics of investments in the context of economic science at the time of the emergence of this category.


Author(s):  
Liudmyla Shyriaieva ◽  

In the research were considered the factors of innovative development of the enterprise and the assessment of their impact on innovation activity on the example of the enterprises in a port industry. The key problems of the crisis state of scientific and technical sphere in Ukraine are revealed, among which are the state of legal regulation of scientific-technological and innovative activity, reduction of state allocations for science and search for alternative sources of financing in this sphere, almost complete lack of demand for research results during the economic crisis, a sharp decline in investment activity in the country, the lack of state science and technology policy. Researched factors influencing the innovation activity at the enterprise level and the peculiarities of their formation for the enterprises of the port industry, including: the strategic importance of the port industry in the national economy; the presence of high capital intensity of innovation and significant risks associated with the long- term implementation process; the existence of a close relationship and the need to for harmonize the innovative activities of the port enterprises with the work of the shipping companies, shipyards, freight forwarding companies, design organizations of various forms of ownership. The main problems that limit the effective functioning of port enterprises and their innovative development in terms of economic, political, legal, organizational and social nature are described. It is proposed to consider the formation of the indicators of innovation activity of the port industry enterprises in the context of a systematic approach to the areas of analysis in terms of indicators of influencing factors with a division into general and individual. The use of the above areas of analysis and a system of the interrelated indicators allows for systematic analysis to achieve optimal efficiency of innovation products, is the basis for creating information and analytical support for forecasting and identifying patterns and trends.


2021 ◽  
Vol 273 ◽  
pp. 08054
Author(s):  
Alexander Suhanov

The development of a dynamic and competitive global economy modifies the coordinate system of modern foreign economic activity, focusing it on the development and production of innovative high-tech agro-industrial products. The article provides a brief overview of the main legal approaches to assessing the effectiveness of innovative foreign economic and domestic economic activity of Russia. The conclusions set out in the publication contain a number of proposals to optimize the instruments of state legal regulation of the policy of the Russian state in the system of implementation of import substitution in the agro-industrial complex. The work substantiates the strategic priorities of the development of the national AIC, which make it possible to ensure a stable rate of economic growth by stimulating the investment activity of economic entities, reducing the critical dependence of agricultural producers on imported technologies, which contributes to increasing food security. Based on the analysis of the role of the agro-industrial complex in ensuring an acceptable level of food security, the study notes specific legal forms of state activity aimed at expanding domestic production, transforming the existing mechanism of state regulation and supporting the agro-industrial complex, caused by a change in the existing conditions of the domestic and domestic market in the agricultural sector


The development of measures to reduce waste and regulate waste management is an important issue in the field of environmental safety and environmental protection. Purpose. Analysis of legal regulation of waste management, identification of the main problems and the formation of modern solutions to problems related to waste, based on international experience, current case law of the European Court of Human Rights. Methods. Theoretical and general scientific (analysis, synthesis, systematization), empirical method (method of comparison). Results. Based on the results of the study of legal regulation of waste management in Ukraine, the main problems are identified and solutions are proposed based on the analysis of the decision of the European Court of Human Rights and by studying the experience of European countries. It was found that Ukraine has chosen the path of standardization of waste issues on the basis of established norms of the European Union, in particular the Waste Directive and a number of other regulations in this area. Conclusions. In order to regulate the field of waste management in Ukraine, it is necessary to ensure the gradual and effective implementation of measures enshrined in the National Waste Management Strategy of Ukraine until 2030, to systematize a number of legal acts of Ukraine on waste management and begin their implementation in practice.


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