КАПІТАЛЬНЕ ІНВЕСТУВАННЯ В УКРАЇНІ В УМОВАХ ПАНДЕМІЇ COVID-19

Abstract

In the current conditions of integration and globalization of the world economy, investment processes have the key importance in the formation and development of the domestic economy. The article highlights the impact of the spread of the COVID-19 pandemic on the investment activity of business entities in Ukraine. The consequences of the coronavirus pandemic and the current state of activity and Ukrainian industries development are considered. Industry and construction have been hit hardest by the COVID-19. The decline in capital investment is inherent in all types of economic activity, except financial and insurance activities, public administration and defense, compulsory social insurance and health care, and the provision of social assistance. This is due to the intensification of investment processes and significant government infusions into the development and maintenance of health care and increasing public interest in social insurance, especially health insurance against COVID-19. In the field of industry, the largest losses in 2020 were the supply of electricity, gas, steam and air conditioning; mining and quarrying; metallurgical production, production of finished metal products. The restraining factors that influenced the decrease in investment activity of economic entities have been identified. Most programs for the development and stimulation of investment processes in Ukraine require significant changes and adaptations to the new realities caused by the global pandemic. The article proposes measures to stimulate investment activity of economic entities, in particular in the field of capital investment. The state should pay special attention to capital investment in the national pharmaceutical industry. Emphasis is placed on the need to implement an effective state investment policy that will help finance the implementation of necessary public or private investment projects, restore and improve production, improve the infrastructure of certain sectors of the economy, increase the competitiveness of individual production structures, industries and the world.