The current state and ways of prospects of the construction industry of Ukraine

Abstract

The paper reveals the current state of the construction industry in Ukraine. There is an important role for construction in creating conditions for the dynamic development of the country's economy. The purpose of the paper is to cover the current state of the construction industry in Ukraine on the basis of statistical information, to identify trends and factors influencing the dynamics of the industry. The main trends in the development of the construction industry have been identified and the changes that have occurred in industrial, residential and unfinished construction in recent years have been analyzed. The main reasons for the low innovation activity of Ukrainian enterprises are identified, which is especially dangerous in high conditions of wear and tear on fixed assets in construction. The influence of factors on the dynamics of construction development has been identified, priority areas for the development of the industry and construction enterprises have been proposed. Proposals have been formed to improve the state of the industry can provide construction companies with a long-term prospect of economic growth through the implementation of modern projects, sustainable increase in the volume of services sold, the formation of a positive image, and the like. The directions of ensuring the efficiency of activities are considered and the main ways to intensify the development of construction companies that contribute to their development are defined. A number of factors will further accelerate the growth rate, including the creation of a favorable investment climate, changes in legislation to facilitate doing business in Ukraine and, in particular, in the construction industry, improve the skills of personnel, and expand the introduction of the latest construction technologies. Their decisions generally affect the development of other sectors of the economy, stimulate improving the quality of life of the population.