scholarly journals ЕФЕКТИВНІСТЬ ІНВЕСТИЦІЙНОЇ ДІЯЛЬНОСТІ В УКРАЇНІ

Author(s):  
Oleksandra V. Olshanska ◽  
Yulia V. Tymoshenko

This article seeks to assess the effectiveness of attracting foreign investment in Ukraine. Within the scope of the research, investment activity is considered a key driver for economic development. It is emphasised that boosting economic growth in Ukraine depends heavily on attracting foreign investment as their effects extend to encouraging the national output, the speed of its technological advancements as well as the scale and pace of economic restructuring. The purpose and objectives of the study are to explore and evaluate the effectiveness of foreign investment in Ukraine's economy along with offering the authors’ understanding of the key factors affecting the investment climate and suggesting the most promising pathways to foster investment efficiency in Ukraine. It is argued that this study has a number of significant implications to Ukraine, since investment processes to a great extent underpin market development strategies, and entail the most important mechanisms for creating appropriate environment to overcome the structural economic crisis, implement structural changes in the production sector, promote innovation and enhance economic performance at the micro- and macrolevels. The research methodology involves general scientific methods of analysis and synthesis, and the generalization techniques. The findings reveal a whole range of crucial factors behind the investment process crisis and lack of effective tools for investing into the national economic development. The authors assert that a country's position in the investment ranking is a sort of a ‘business card’ for the investor who is looking for new capital investment opportunities. Currently, from this perspective, Ukraine's chances to attract foreign investment seem quite miserable. However, the findings verify that in the context of modern globalization, to spur foreign capital attraction into Ukraine, creating a favourable investment climate is paramount. The study has identified factors that affect the process of shaping the investment climate, among which the most important are a group of economic, political and geographical factors. According to the research results, a proactive government strategy and a comprehensive approach to resolving the current challenges related to investment activities at the micro- and macrolevels will contribute to realizing Ukraine’s investment potential with maximum efficiency that will lay a solid background for sustainable economic development in the future.

2020 ◽  
Vol 7 (3) ◽  
pp. 78-88
Author(s):  
Antonina Tomashevska

One of the key tasks of the current government is to develop the regions and strengthen their economic potential. One of the most important factors of economic growth is investment. For Ukraine, which is in a crisis pit, the issue of attracting foreign investments is especially important and relevant, as they have a significant impact on the economic development of the country. At the same time, the largest degradation in Ukraine today is investment activity, which is also due to the outbreak of COVID-19. Deterioration of the investment climate, the possibilities of budgets at all levels, the decline in business activity of economic entities have led to a difficult state of the investment sphere. The article analyzes the investment attractiveness of the regions of Ukraine. A special role is focused on the factors (positive and negative) that affect the formation of the investment climate of the regions: positive - geographical location, labor resources; negative - unfavorable climate and corruption. One of the indicators that reflects the stable economic development of certain sectors of the economy, as well as the country's economy as a whole is the investment potential of the regions. The investment and foreign economic policy of Ivano-Frankivsk UТС is analyzed, which is aimed at improving the image at the regional and international levels, promoting a significant increase in domestic and foreign investment in economic development, the implementation of active information and promotional activities. In the city, foreign investment is about 580 million dollars. US dollars, of which almost 80 million dollars. USA - loan capital. During the study, we analyzed the largest enterprises in Ivano-Frankivsk, including foreign investment, LLC “Electrolux Ukraine”, LLC “Tyco Electronics Ukraine Limited”, SE VO “Karpaty” (Delphi project), LLC “Imperial Foods”. The method of expert assessments indicates promising areas of business development of Ivano-Frankivsk UТС. In the course of the research we suggested ways to improve the investment attractiveness of Ivano-Frankivsk UТС.


Author(s):  
Анастасія Говеля ◽  
Ірина Чекмасова

The article examines the current state and problems of the development of attracting foreign direct investment. The author determined that the most investments in Ukraine are made by such countries as Cyprus and some countries of the European Union. It is proved that foreign investment is one of the most effective ways to develop economic, social, environmental and other spheres. It is determined that the key problems in attracting foreign investment today are: political instability, legislation, high inflation, and undeveloped infrastructure. The author has identified trends and explored the prospects for the development of attracting foreign direct investment, which allows us to demonstrate the dynamics of investments, which is considered an indicator of changes in the level of trust and rating of the country as a whole. Foreign investment plays a major blow to the economic development of many countries. Raising in the economy largely provides effective investment activity of Ukraine, which works by showing the dynamics invested in the country, so the investment climate in any country stands out from the main factors of socio-economic activity. situation. Thus, projects, innovative investments can be of great benefit for the economic development of the country, help to solve economic problems, so attract investors necessary and justified. In order to increase investment attractiveness, the country needs to implement a set of measures on the part of states and affairs, and as Ukraine has a strong production potential, thus concentrating the enhancement on the realization of its competitive advantages. It is concluded that the main directions of increasing the efficiency of investment activities, now and in the near future, will be: new modern infrastructure, improved investment, attracting foreign investors and improving the tax system. To improve the investment climate in Ukraine and increase the flow of foreign investment, it is necessary to promote the development of science, improve the regulatory framework in the field of investment, participate more actively in international investment projects, and develop small and medium-sized businesses in Ukraine.


2021 ◽  
Vol 2021 (1) ◽  
Author(s):  
L. Khomutenko ◽  
Y. Zhorova

At the present stage of development of the world economy, an important and urgent issue is the development of investment activity, attraction and use of foreign investments. Almost all countries of the world focus their efforts on increasing the investment attractiveness of foreign investments and increasing their volume in the national economy. Ukraine's investment attractiveness is one of the most important elements on which the country's welfare, economic development, production, enterprises and business are based. The need to attract foreign investment is met by a decrease in investment activity of domestic companies, the need for technical and technological modernization of production and the entire market infrastructure, the need to introduce new management methods in management. Therefore, since the issue of foreign investment is important for the economic development of our country, the need to study and research the main types and forms of foreign investment is very relevant. The purpose of the qualification work is to study foreign investment in Ukraine, as well as trends and promising areas for improvement. In the process of research, depending on the goals and objectives, appropriate methods of research of economic processes were used, including systematization and generalization (with theoretical substantiation - the concept of investment process), comparative method (with dynamics of foreign investment), method of quantitative analysis, methods of induction and deduction. According to the results of the study, the following conclusions were drawn: At the state level, it is necessary to continue to take a set of measures to stimulate investment processes in the economy of Ukraine, and thus it will help to attract investment by Ukrainian enterprises in conditions of economic instability. Improving the legislative and organizational framework to increase the capacity of mechanisms to ensure a favorable investment climate and forming a basis for maintaining and increasing the competitiveness of the domestic economy is an urgent issue for further improvement of the investment climate in Ukraine A study of the main obstacles to foreign investment in Ukraine has shown that the country's judiciary ranks first, corruption second, and market monopolization and seizure of power by oligarchs third. In addition, investment returns in the years before and during the pandemic were compared. The obtained results can be used in the development process strategies of foreign economic development of Ukraine and evaluation of efficiency conducting policy in the field of currency regulation.


2021 ◽  
Vol 2 (47) ◽  
pp. 48-63
Author(s):  
L.V. Sorokina ◽  
A.F. Hoiko

 The article systematized factors of investment attractiveness and investment climate in Ukraine. The expediency of supplementinganexistinglist of components of investment climate is substantiated by two additional factors. Themechanismo factionoftheproposedfactorsthatreflectthenegative effectin the developmen to freformsand innovations, aswellas the economic efficiency of construction projects on the financial result, expected from investigations, isrevealed. The trends in the developmen to finvestment activityinUkrainein 2015 - 2020, the existence of reserves for increasing the economic efficiency of investments and the need for their calculation witht hehelpof a special methodological approac hare analyzed. The methodical approach to the evaluation of investment efficiency of constructionis developed, which is based on the magnitude of the multiplier of capital investment in construction inthelong-termperiodandrefinedtheboundariesoftheretrospectivehorizon, which are necessary to determine such a multiplier. The rapid importance of aninvestment multiplier of construction isestablis hedand a methodological approach to qualitative interpretation of this indicator issubstantiated. The basis of a methodological approach is the results of a cluster analysis of aninvestment multiplier in the contex to fvarioustypesofconstructionandregions, the methodof K-medium, aswellaspostulatesofthetheoryoffuzzysets. Within the framework of the developed methodological approach, the "investment attractiveness of construction" characteristicsis presentedin the form of a fuzz yterm-shear, which combines three terms: "Lowefficiency", "averageefficiency", "highlevelofefficiency". Inaccordance with descriptiv estatistics of thereceived clusters, the parameters and type of functions of affiliation, the boundaries of clusters that directly affecttheuse of correctivea mendments to the value of the economic effectof capitalinvestment to the level of the contractor-executor of construction work are substantiated. The sizeofther is kfactorisestablishedtakingintoaccountthetypeofconstructionandmedium-layervalues ​​ofmultipliersofcapitalinvestmentinconstruction. Theuse of the proposed Metdic approach to the analysis of investment efficiency inconstruction makesitpossible to increase the accuracy of calculations on th epre-investmentst age of construction, aswellastoimprovemonitoring of capital investment development, carried out in the process of implementing national investment programs and international investment projects.


2018 ◽  
Vol 20 (1(66)) ◽  
pp. 32-43
Author(s):  
B.V BURKINSKYI ◽  
O.I. LAIKO ◽  
V.P TALPA

Topicality. The urgency of the problem of tax instruments using in the role of means for stimulation of investment activity and of means for creating of a favorable investment climate nowadays grows due to the need for additional resources that are to be involved in the socio-economic development of Ukraine, as well as through the progress of administrative reform, which creates new opportunities for the use of taxes as tools for the stimulating of investment development. Aim and tasks. The purpose of the article is to substantiate the expediency of studying tax instruments as means for the stimulating of investment development, identifying of active and effective mechanisms for the attracting of investment funds for the development of the Ukrainian economy, taking into account international experience. Research results. The article thematically dedicated to the use of tax instruments for maintain of competitive investment policies at the regional, sub-regional, national levels, improving the investment climate in the region. The instruments are integrated into the mechanism with help of general conceptual idea - the ensuring of favorable conditions for the conducting of economic activity through the use of preferential indirect instruments that do not create differentiation between territories and entities, however, contribute to the renewal of capital of the entities. The European model of tax incentives for activation of foreign investments in Ukraine and the Black Sea region is considered and the main factors that have caused insufficient functional significance of tax instruments to stimulate investment development and to provide capital intensification are determined. There are also considered the American model of tax regulation of foreign investment, as well as the Asian model of tax regulation of foreign investment. The mechanism of combination of regulatory instruments in a single set, include measures of tax preferential support, organizational, guarantee-oriented support of investment projects realization on the territory of the Ukrainian Black Sea region, ways to increase the level of local budgets' self-incomes, to introduce the possibility of the determining and applying rates of taxes by local authorities self-governance within the limits set by the Tax Code of Ukraine. Conclusions. Strategic directions for the stimulating of business activity at the national and regional levels are substantial, but for this purpose, appropriate institutional support is required, namely, the relevant changes to the articles of the Tax Code of Ukraine. The prospects for future research in the field of regulation of investment activities are related with the formation of an institutional environment for the implementation of the regulatory function of taxes, the justification of the investment-efficient structure of the tax system.


VUZF Review ◽  
2020 ◽  
Vol 5 (2) ◽  
pp. 11-21
Author(s):  
Monika Artman ◽  
Tetiana Cherniavska

The article researches the role of formation of favorable investment climate in increasing investment activity in the territory of Poland. It focuses on the creation of favorable macroeconomic conditions for attracting direct (real) foreign investments to implement innovative projects. As a result of the study of investment conditions on the basis of PEST-analysis, the key factors of IA development were identified and their possible future impact (both positive and negative) was assessed. The results of the PEST-analysis allow their implementation in the program development and also in the investment activity management mechanisms.


Author(s):  
Iskandarova Mehriban Mirkasym

The article analyzes the role of small and medium-sized businesses in the economic development of the country and assesses the factors affecting to the growth of small business income through the use of the Eviews software package. The study showed that the amount of capital investment plays a significant role in the development of small businesses.


2020 ◽  
Vol 4 (46) ◽  
pp. 48-57
Author(s):  
T. G. Kubakh ◽  
◽  
O. S. Zhuravka ◽  

The purpose of the article is to study the main trends occurring in the investment climate of Ukraine, to analyze the main factors that have both positive and negative impact on the competitiveness and investment attractiveness of the domestic economy. As a result of the analysis, Ukraine’s position in the international ratings on investment attractiveness was assessed; the main directions of capital investment were identified, and investor countries were pointed out. Priority state projects are indicated, which are to increase the level of high-quality investment resources. At the same time, significant problems were identified that need to be addressed immediately in order to prevent a slow-down in creating an attractive investment climate for foreign and domestic capital. Systematization of a number of factors allowed to emphasize the need not only to attract to the economy financial resources from other countries, but also to intensify state policy that would promote the investment of Ukrainian funds through a system of incentives, and create the rule of law. Investment plays a central part in the development of a country’s economy; it is investment that makes it possible to implement the latest technologies or innovation; or to significantly expand production capacity of a business entity; or to solve a number of social problems. At the same time, the intensification of investment activity is impossible without promoting the accumulation of domestic financial resources, through a system that would stimulate Ukrainian people to save, and through institutional investors, to transfer capital to the real sector of the economy. Prospects for further research in this area are the following: to determine the degree of the state involvement in the development of a competitive economy; to find the ways to eliminate the imbalances and exogenous and endogenous factors that have a chilling effect on the investment process in Ukraine.


The paper examines the forming of global chains and defines the features of their forming on the example of machine-building enterprises. Outlining the integration of the Ukrainian industry into the global value chains is the subject of the research. The paper aims to develop the provisions regarding the establishment of global value chains in modern economic conditions. Many researchers argue that globalization has contributed to a kind of global economic optimization. The outbreak of COVID-19 causes the current economic recession and a simultaneous complete reorientation of global trade logistics. The analysis of the features of offshoring on the example of the functioning of industrial enterprises in the country is the task of the research. The forming of a reliable system of suppliers monitoring that also represents the importance of selecting supply specialists is a decisive factor. Based on the system analysis the paper determines that despite the availability of obstacles to the location of foreign capital in Ukraine, there are certain perspectives for the integration of industrial enterprises into the global value chains. The results of the research show that despite the current socio-economic condition, Ukraine is attractive for foreign investment due to significant return on capital investment compared to the respective economic activity types of European countries, favorable geographic position, and availability of cheap but skilled workforce. An efficient socio-economic development is impossible without the high technology and innovative activity of the country. Yet, political instability and a set of barriers to foreign investment attraction remain to be the key problem for socio-economic development.


Author(s):  
M. V. Misiuk ◽  
A. M. Katsan

The article reveals the concept and justifies the priority tasks of stimulating investment, which are closely related to the assessment of the current state and trends of the functioning of the investment market, the availability of investments adequate to the needs of the effectiveness of use. The article defines the terms of investment support for the development of agro-industrial enterprises. The research was conducted on the basis of a series of methods that allows to systematize, unify and determine the volumes, priorities and sources of investment for the further economic development of agro-industrial enterprises. It includes the following: theoretical generalization and allocation of priority investment areas, comparison of investing directions of agribusiness enterprises, analysis of the dynamics of capital investments by types of assets and the synthesis of investment volumes, abstraction and specification of investment attractiveness, statistical indicators for determining the patterns of development, relationships of capital investment sustainability , the autonomy of distribution of borrowed funds in assets and the level of efficiency of agricultural production. In the course of the conducted research it was determined that the decisive factor in increasing the return and profitability of agricultural enterprises is not the level of concentration of capital and investment growth, but their qualitative structure, their efficiency increase, use of funds for the introduction of an innovative model of development, application of the latest technologies, techniques, progressive forms of labor organization and management system. Taking into account that fact that agriculture is central to the food security of any country, the necessity to implement appropriate improvements in investment activity arises. This will increase the level of food security, productivity, efficiency, competitiveness, promote the economic development of agro-industrial enterprises and the national economy


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