Abstract

The article aims to examine the impact of military conflicts on the investment climate and dynamics of investment activity in Ukraine. It analyzes key factors influencing investors' decisions in times of armed conflict, such as political and economic instability, security risks, changes in the legal environment, and the impact of international sanctions. The study also explores measures taken by the state to attract and support investments during wartime. Using data analysis, investment dynamics in Ukraine, and comparative methods, the author seeks to identify the key factors affecting Ukraine's investment activity during periods of war and proposes strategies for preserving and attracting investments in challenging conditions of military conflicts. The article explores the dynamics of investment activity in Ukraine during periods of military conflict. It examines the impact of the conflict on the investment climate, investor behavior, and the overall economy. Today, the Ukrainian economy is experiencing unprecedented upheaval in its entire history. The full-scale military aggression by the occupying state has struck at every level of our country's economic system. Production of key goods, especially those forming the backbone of Ukraine's export potential, is dwindling. Additionally, ports are nearly closed, regional transportation, logistics, social, marketing, and engineering infrastructure are being destroyed. Due to the brain drain abroad and partial relocation to the western part of the country, hundreds of thousands, and even millions, of people are temporarily displaced from active economic life. Additionally, it discusses the strategies employed by the government and other stakeholders to mitigate the adverse effects of the conflict on investment and foster international integration. The Ukrainian economy and businesses are gradually recovering after nearly coming to a standstill in the initial days of hostile attacks. They are seeking new opportunities for development in extreme conditions and military tactics. Partially, this recovery involves resuming entrepreneurial activities in territories liberated from occupation, partially relocating production to safer regions, and partially a natural process of adaptation.

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