Uman NUH | today: 04/15/2024

Problems of attracting foreign investments

Author(s) Zharun E. V., PhD in Economics, , Uman National University of Horticulture
Category Economics
year 2017 issue Issue № 91. Part 2
pages 120-128 index UDK 339.727.22 (477)
Abstract The article defines the role of foreign investments in the country's economy, determines the essence and components of the investment climate. Today, the issue of raising funds for the development of the state is especially acute. Despite the difficult political and economic situation, Ukraine remains an attractive investment both for the countries of the European Union and for other highly developed countries. Today, more attention should be paid to attracting investment in the country's agro-industrial complex. To do this, it is necessary to constantly explore and produce an effective mechanism for attracting foreign investment into the country's economy. The purpose of the article is to identify current trends in the movement of foreign investment in the national economy and priority ways to address the problems of foreign investment. In Ukraine, the process of allocating investments is not without the participation of the state, at least there is an investment legislation that is adapted to EU norms, and there are 50 international agreements, the subject of which is the protection and promotion of investments, but this is all theoretically declarative. In practice, in order to develop the domestic economy, international agreements and acts should stimulate public management along its entire vertical axis to develop foreign investment (the share capital of transnational corporations) as a locomotive for the development of those industries whose facilities constitute a significant unrealized potential for locating production capacities and capitals. Over the past seven years, foreign investment from the countries of the world in the economy of Ukraine increased by 8.3%. Among the world's leading countries, the leaders in increasing investment in the economy of our country during this period are: Cyprus - 30.4%; The Netherlands - 41.9%; Switzerland - 71.3%. Most of all investments from various countries were sent in 2013 and amounted to 57.1 billion dollars by the beginning of 2014. The US, which is more than in 2010 by $ 17 billion or 42.4%. At the end of 2015, the amount of investment compared to early 2014 decreased by $ 13.7 billion or 24%. Ukraine remains attractive for foreign investment, but not sufficiently integrated into the world economy. Therefore, the violation of stability in external markets affects internal processes.
Key words investment climate, foreign investment, attracting volumes, issues, factors
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