Uman NUH | today: 10/19/2024
| Author(s) |
Ulanchuk V., Doctor of Economics, , Uman National University of Horticulture Zharun E. V., PhD in Economics, , Uman National University of Horticulture Длугоборська Л. В., , , Бленда Н. О., , , |
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| Category | Economics | ||
| year | 2020 | issue | Issue number 96. Part 2 |
| pages | 21-34 | index UDK | 330.322 | DOI | 10.31395/2415-8240-2020-96-2-21-34 (Link) |
| Abstract | The article deals with the study of the features of attraction of foreign investments into the country. To this end, the dynamics of the investment attractiveness index of Ukraine, which in recent years has a tendency to increase, was considered. The volume of foreign direct investment in the sectoral and geographical structure is analyzed in detail. On the basis of this analysis, it was found that by region the largest investment comes from Kyiv (52% of total foreign investment), Cyprus is the leader in terms of investment volumes (28% of total foreign direct investment), and industry is the most attractive industry (33.38% of the total volume of direct foreign investments). The main problems, which influence the investment climate of the country, are determined. These include: imperfect legislation; instability of domestic tax legislation; high tax pressure on capital of enterprises; inconsistency of the current normative legal documents regulating investment activity; different conditions of management of domestic and foreign investors; absence of an effective system of insurance of foreign investments; low level of national investment management; undeveloped domestic investment infrastructure; low efficiency of functioning of the national stock market; high inflation; negative international image of Ukraine; insufficient awareness of potential investors in many countries about the state and prospects of Ukraine's development. The potential of Ukraine in the context of attractiveness for foreign investors is analyzed. Based on the identified problems affecting the investment climate, practical recommendations for improving the investment climate of the country were formulated. They include ways to solve these problems: improving investment legislation; ensuring the effective implementation of the declared reforms; formation of an effective mechanism for ensuring organizational, institutional, financial and legal preconditions for the development of investment activity; creation of the automated information system; intensification of implementation of public-private partnership programs; construction of a rational system of innovation infrastructure. | ||
| Key words | investment; investment climate; foreign direct investment; investment policy; dynamics; economic and political situation; investment activity | ||