Abstract

Different countries invest in the Ukrainian economy by investing in regional development programs, various enterprises and so on. Investments develop the Ukrainian economy by improving the economic environment, upgrading infrastructure, improving public authorities, improving the humanitarian situation, supporting small and medium-sized enterprises, introducing resource and energy-saving technologies, strengthening human rights, training workers and more. It is extremely important to intensify foreign investment in the Black Sea (southern) Region. The study shows the importance of fiscal decentralization, which is often a weak or even absent link of decentralization. One of the most common problems of fiscal decentralization is the mismatch between the responsibilities of local governments and the resources available to local governments. Thus, a well-organized system of fiscal decentralization is vital to the success of the decentralization process. It was found that most foreign direct investment in Donetsk and Odessa regions, which indicates the development of investment attractiveness of the Black Sea region of Ukraine. But in the Mykolaiv and Kherson regions there are less direct foreign investments that needs increase of investment attractiveness of the Black Sea Region of Ukraine. It is analyzed that the best indicators of capital investment in Donetsk and Odessa regions, which indicate the attraction of capital investment in the economy of the Black Sea Region of Ukraine. In Mykolaiv and Kherson oblasts there are small volumes of capital investments, which demonstrate insufficient investment efficiency and it is necessary to increase the efficiency of investment projects implementation. It is investigated that the best indicators of gross regional product in Donetsk and Odessa regions, which show the development of the economy of the Black Sea region of Ukraine. In Mykolaiv and Kherson regions, the volumes of gross regional product are smaller, which show insufficient economic development and it is necessary to support small and medium business, attract new foreign investments, raise the image of the Black Sea Region of Ukraine, etc.

Full Text
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