Investment Attractiveness Of Ukraine Research Articles

Trends in the investment attractiveness of Ukraine under the conditions of marital state

Trends in the investment attractiveness of Ukraine under the conditions of marital state

Модернізація комунікативної діяльності органів публічного управління

Formulation of the problem. Social and political transformations observed in the public sphere of Ukrainian society involve increasing attention to the activities of public agencies and the development of communicative activities both between them and between them and the population. Public agencies should implement their activities on the basis of openness, transparency and publicity, using the latest forms, methods and approaches to the implementation of communicative activities. Such challenges require reinterpretation of the concept of public information management and provision of reliable public feedback, improvement of communication procedures in the public administration system. Analysis of recent research and publications. In modern society, the following researchers study intercultural communication: F. S. Batsevych, M. M. Halytska, O. V. Ihna- tenko, O. P. Kuchmii, V. M. Manakin, K. S. Maltseva, Y. A. Makarenko, I. Y. Miazova, M. M. Ryzhkov, S. H. Ter-Mynasova, O. M. Frolova, and other. In their works, the researchers study the patterns of behavior of individuals under the influence of certain social and cultural phenomena caused by intercultural communication. Distinguishing previously unsolved parts of the overall problem. Along with a large number of publications on intercultural communication, it is necessary to note the need for in-depth research on modernization of communication activities of public agencies in modern conditions, as this aspect is important for development of statehood and transition to a new communicative format between the population and public agencies. Presentation of the main material. In modern conditions public agencies are called to perform a number of tasks corresponding to the challenges of the world. They function in accordance with the conditions that form the newest social space. One of the key areas of interaction between public agencies and the public in the context of modernization of their communication activities is to ensure openness and transparency in line with the latest principles of public policy, according to which the newest foundations of public policy in the field of public communication should be developed. This involves modernizing the functional responsibilities and restructuring of public agencies, i.e. changing organizational approaches to their activities. In accordance with modern transformational changes in the Ukrainian and world society, this modernization should take place on the basis of the development of e– government, i.e. translation of a number of procedures in the field of public administration into digital environment. Information support of strategic directions of the state development in accordance with the need to modernize the communicative activity of public agencies requires improvement through the development of automated computer and information-analytical networks, centers and systems. This will provide an opportunity to improve the internal communications of public agencies in course of development and implementation of administrative decisions in routine and crisis situations. Modern communication technologies in provision of public services to citizens and institutions are designed to increase the level of trust to public agencies, so this area is important given its social orientation. Along with this, economic development, increasing the competitiveness and investment attractiveness of Ukraine, creation of a positive business climate within the country, are also worth mentioning and have a positive impact on expanding the scope of implementation of the new communication technologies. Implementation of the newest communication technologies in professional activities of public servants involves a continuous improvement of informational literacy, training and use of information technologies in their work. E-democracy technologies play an important role in improving the efficiency of communication between public agencies and the public, as citizens will be able to solve their problems quickly, using electronic applications. Educational programs for the public, formed in electronic form and designed to unify the principle of using public services by citizens, should take the same route. It is necessary to emphasize the importance of social networks, which in the modern world play a role of a specific communication tool. Introduction of these means of communication will improve the interaction of the stakeholders with public agencies, especially at regional and local levels. It is worth mentioning the need to form special interactive services, which the citizens would be able to use for solving socially significant issues, at local, regional and national levels. Conclusions. Modernization of communicative activities of public agencies in modern conditions has technical, technological and social nature. This format of interaction between public agencies and the public involves solving a wide range of problems that currently exist in this area, in particular, overcoming “digital inequality” caused by significant distortion in informational, technical and technological literacy of the population.

INVESTMENT ATTRACTIVENESS OF UKRAINE AS A DOMINANT ATTRACTION OF FOREIGN DIRECT INVESTMENT FROM THE EUROPEAN SPACE: ANALYSIS, EVALUATION

The purpose of study is to determine the investment attractiveness of the country and regions as factors that are critical to attracting foreign direct investment from the EU. Foreign direct investments serve as a source of capital growth, providing the most effective integration of the national economy into European and contributing to the attraction of advanced technologies, modern methods of business management as well. Прямі іноземні інвестиції – джерело приросту капіталу, що забезпечують найбільш ефективну інтеграцію національної економіки в европейську та сприяють залученню передових технологій, сучасних методів ведения бізнесу. Over the past ten years, there is an unstable dynamics of foreign direct investment receipt to economy of Ukraine. FDI in Ukraine from the EU countries is conventionally divided into three stages: 2010-2013 - a relatively stable level, 2014-2016 - a rapid fall, 2017-2020 - moderate growth. Based on the results of international ratings, the need to determine the investment attractiveness of Ukraine in the conditions of ecological and economic imperative is proved.Particular attention is granted to identify Ukraine's position by the Environmental Performance Index compared to countries of the world and Europe. The methodology for determining the investment attractiveness of the country is proposed, which provides for the formation of a General Index of investment attractiveness of the country based on international Indexes:DoingBusiness, Global Competitiveness, EBA Investment Attractiveness, Environment Performance Index. Significant differentiation of FDI funds in the regions of Ukraine is explained by their economic development, the largest volume enters industrially developed regions. A significant correlation between FDI in Ukrainian regions and volume of products in the regions was revealed. The determinants of the attractiveness of the regions that influence the decisions of investors to invest are identified. The methodical approach to assessing the investment attractiveness of the regions of Ukraine, which is based on generalized indicators of financial- economic and ecologically oriented direction, is proposed. The assessment was carried out and a dynamic analysis of the investment attractiveness of regions according to the proposed methodology was made, which allowed to determine their rating of investment attractiveness.

RETROSPECTIVE AND PROSPECTIVE ANALYSIS OF FOREIGN ECONOMIC ACTIVITY OF UKRAINE

A retrospective analysis and assessment of the current state of Ukraine’s foreign economic activity during the years of independence was performed in the article. In particular, the volume of export-import and investment activities, indicators of economic openness, geographical and commodity structure of exports and imports were analyzed. According to the results of the analysis, it was determined that in the process of independence and development of the national economy of Ukraine there is a transformation into an open economic system that tries to take advantage of international economic cooperation, develop all forms of international economic relations. However, due to inefficient international specialization, slow restructuring of the national economy, inefficient foreign trade management, the level of competitiveness and investment attractiveness of Ukraine in the world market remains low. The export-oriented model of economic growth with the predominance of low-tech exports has led to the extensive nature of economic development, which remains energy-intensive, low-productive, poorly diversified, uncompetitive and dependent on external sources of raw materials, energy resources and world markets. It is positive that Ukraine has changed the vector of orientation in foreign economic activity and the European Union is gradually becoming the largest and main foreign trade partner. Such a trend, given the geopolitical, geo-economics and historical European position of Ukraine, should remain one of the priorities of Ukraine’s foreign economic policy. The article concludes that the system of foreign economic regulation of Ukraine needs radical changes, which should begin with a review of foreign economic policy of the state which should be aimed at increasing export potential, product diversification, introduction of innovative technologies to ensure a sufficient level of competitiveness of domestic goods in world markets.

STIMULATION OF INVESTMENT PROCESSES IN THE ECONOMY OF UKRAINE IN ORDER TO INCREASE ITS COMPETITIVENESS

An urgent problem facing Ukraine is the justification of the need to stimulate investment processes to increase its competitiveness and gain a strong position in the international market. After all, ensuring the competitiveness of the economy is a priority of any state that cares about its place in the world market and its economic growth. The level of investment significantly depends on the economic attractiveness of Ukrainian enterprises, as competitive enterprises are an important factor in the success of investors. The formation of the country’s investment attractiveness is necessary to ensure its competitiveness, solve social problems. Effective use of foreign direct investment in the national economy can be an important factor in accelerating economic growth, optimizing the reproductive structure of the economy, solving many other strategic tasks. Accumulated foreign investment is one of the indicators that reflects the level of integration of the country into the world economy, the development of its foreign economic relations and the desire to create an open, export-oriented model of the economy. Ukraine lags far behind most countries with economies in transition in this regard. The paper presents the results of research by leading organizations on the investment attractiveness of Ukraine in 2020. It is established that increasing the country’s competitiveness entails an increase in investment. It is determined that the need for sustainable economic growth, which contributes to increased productivity, remains critical to improving living standards. Ways to improve the investment climate in Ukraine are proposed. The results of the work are a system of proposals to improve investment activity.

Implementation of the Cluster Policy within the Framework of the Spatial Development Strategy of the Territories of Ukraine

The article is devoted to the solution of an actual scientific problem – ensuring the effective implementation of the cluster policy within the framework of the strategy of spatial development of the territories of Ukraine. The purpose of the study is the theoretical generalization and systematization of existing scientific approaches to the interpretation of the concept of “cluster policy” in the system of the national economy; justification of the author’s approach to determining the essence and content of this category. On the basis of a critical analysis of the literature, differences in interpretations of cluster policy (concepts, forms, methods), as well as the choice of applied means of implementing cluster policy (mechanisms, incentives, tools of influence) were revealed. It should be emphasized that, for the most part, scientists interpret cluster policy as a system of relations; activities of state authorities; cluster support activities; a number of political measures; a set of measures that contribute to increasing the competitiveness of the national economy; part of the industrial policy; component of regional policy; an element of science, technology and innovation policy; priority of regional economic policy; a separate policy with a clear strategy and budget; an element of economic development strategies. The author’s interpretation of cluster policy is proposed as a system of state and public measures and mechanisms for supporting cluster structures and cluster initiatives, which ensure an increase in the level of competitiveness of regions, enterprises included in the cluster, the development of institutions that stimulate the creation of clusters and contribute to the activation of innovative activities. It was established that the key goal of cluster policy implementation is the creation of conditions for the formation and development of clusters as a basis for realizing the competitive advantages of the territories of economic districts, increasing the level of competitiveness of national and regional economies and the investment attractiveness of Ukraine. The main principles of cluster policy formation in Ukraine are multi-level policy formation; economic stimulation of network cooperation in clusters; organizational stimulation of network cooperation in clusters on the basis of public-private partnership; support of competitive clusters. For the effective implementation of cluster policy in Ukraine, it is necessary to: 1) include this type of policy in the list of national and regional priorities of socio-economic development and create an appropriate high-quality legislative and regulatory framework; 2) apply the concept of frugal innovations for successful organizational development of cluster formations; 3) strengthen international cooperation in order to stimulate the cluster’s active participation in changing its institutional environment, promoting the spread of progressive ideas and technologies; 4) to form an appropriate information environment of the cluster with the aim of stimulating joint research projects, including with the participation of leading institutions of higher education and research institutions, promoting the improvement of the efficiency of communications and interaction in the cluster. Keywords national economy, regional economy, spatial development, cluster approach, clustering of the economy, cluster policy, cluster structure, types of policy, principles, mechanisms, system, strategy, programming, management functions, institutional support, legal regulation, financial support, competitive advantages of territories, competitiveness, effectiveness, efficiency.

ОЦІНКА ІНВЕСТИЦІЙНОЇ ПРИВАБЛИВОСТІ УКРАЇНИ

Анотація. Інвестиції насьогодні є вагомою основою розвитку багатьох рівнів економічної системи та можуть бути розглянутими як драйвер активізації економічного розвитку країни. Вони є необхідними для нарощування темпів виробництва, модернізації економічного комплексу, диверсифікації економіки. Оцінка інвестиційної привабливості розглядається як важливий засобів оптимального досягнення цілей інвестування, який забезпечує виконання функції механізму управління інвестиціями. Інвестиційна привабливість окремої країни, регіону, галузі чи підприємства є вагомим орієнтиром для інвестора при прийнятті рішення стосовно вкладення капіталу. В сучасних умовах глобалізації економіки при оцінці інвестиційної привабливості країни все більшої актуальності набуває імідж країни на міжнародній арені, її позиція у провідних рейтингових ранжуваннях, досвід інших інвесторів ведення діяльності у країні. В статті розглянуто сутність поняття «інвестиційна привабливість» та запропоновано власне авторське визначення цього поняття. Охарактеризувати методичні підходи до оцінки інвестиційної привабливості на різних рівнях економічної ієрархії. Вивчено питання взаємозв’язку між дефініціями інвестиційної привабливості, клімату, потенціалу, ризику та активності. Проведено макроекономічний аналіз динаміки позицій України в призмі міжнародних рейтингів та індексів. Представлено організації та рейтинги, які оцінюють інвестиційну привабливість держави. Обґрунтовано методики рейтингів інвестиційної привабливості країн. Здійснено комплексну оцінку інвестиційної привабливості України протягом останніх років. Розглянуто фактори, які призводять до змін трансформаційних процесів у державі, загостренню загальноекономічної ситуації, дефіциту внутрішніх фінансових ресурсів та проблемі зі залученням іноземних інвестицій, що в свою чергу перешкоджають підвищенню інвестиційної привабливості України. Надано рекомендації щодо покращення інвестиційної привабливості України в сучасних умовах. Ключові слова: інвестиції, інвестиційна привабливість, міжнародні рейтинги та індекси, інвестиційна активність, інвестиційний клімат, інвестиційний потенціал, інвестиційний ризик. Формул: 0; рис.: 1; табл.: 2; бібл.:31.

Investment attractiveness of Ukraine: realities and perspectives

Subject of research. The purpose of the study is the investment attractiveness of Ukraine and ways to improve using the Index of Investment Attractiveness of Ukraine. The purpose of writing this article is to identify ways to improve the investment climate in Ukraine. Methodology of work - methods of statistical analysis and synthesis, method of graphic modeling of investment attractiveness of economic climate in Ukraine. Results - As a result of the study, the following priorities were identified for 2021 to improve the investment climate in Ukraine: reboot of the judicial system; de-oligarchization of power; development of an effective and independent anti-corruption infrastructure; getting rid of bureaucracy; reduction of administrative and tax pressure on business; appointment of pro-European reformers to public office; restoration and support of cooperation with international financial institutions; law enforcement reform and effective fight against smuggling, including through increased fiscalization; establishing equal rules of the game for business. Scope of results. Economic branch: management of national economy, macroeconomics, economic theory. Conclusions. The biggest obstacles to the Ukrainian market as a result of the survey identified - exchange rate fluctuations, close ties between the economy and politics, insufficient legal order, corruption of public authorities, labor shortages and access to finance.

Дослідження характеру та значимості впливу факторів ринку праці на інвестиційну привабливість країни

In recent years, there has been a significant structural impact of the so-called "digital" economy on the formation of FDI flows. The development of advanced technologies and robotics is accelerating. All this makes production more sophisticated, cheaper, and faster. The progressive labor market is a good basis for the successful development of enterprises in various industries. And investments make it possible for industries to be created, to develop, and to innovate. In addition, foreign direct investment is an important method of technology transfer that stimulates domestic public investment flows and fosters the development of human capital and institutions. The purpose of the article is to develop an economic and mathematical model of the dependence of a country's investment attractiveness on labor market factors. The influence of labor market factors on the investment attractiveness of Ukraine is analyzed and thoroughly substantiated, as well as the state of Ukraine's modern labor market, whose characteristic features, possible tendencies, and prospects are determined. The factors of the labor market include value-added per worker, medium and high-tech exports as a percentage of total exports, the unemployment rate, and the gross enrollment rate for higher education. Investment attractiveness is determined by the volume of foreign direct investment. When developing the model, the authors substantiate the comparability of the input data, their statistical significance, and the correlation of factor variables with foreign direct investment income. The Irwin method was used to check for anomalies of values, and recommendations were made for eliminating such data if they were found. The normality of distribution was verified using the Shapiro-Wilk test. The construction of a multivariate linear regression model was performed using the Stata 14 statistical package.

Arbitrability of Corporate Disputes: National Realities and Foreign Experience

The tendency to promote alternative ways of resolving disputes and their effectiveness leads to the expansion of the scope of their application. The relevance of corporate dispute arbitration relates to the rising number of multinational corporations and the general tendencies of globalization and regionalization of the world economy. To identify the main tendencies in the development of national legislation, it is necessary to study the genesis of corporate dispute arbitrability. The purpose of the paper is to determine the scope of corporate disputes that may be submitted to the consideration of international commercial arbitration (arbitrable corporate disputes) under the current legislation of Ukraine (in particular, in light of the reform of procedural legislation in 2016) and the prospects for the dynamics of corporate arbitrability in the future. The tasks of the paper are to analyze the genesis of corporate dispute arbitrability; to analyze the legislation of foreign countries on arbitrability of corporate disputes; analysis of the efficiency of corporate litigation in international commercial arbitration; research into the expediency of expanding the range of arbitrable corporate disputes in the national legislation of Ukraine. There was a negative tendency in the Ukrainian legislation, formed by the current version of the COD of Ukraine, regarding the classification of at least a significant part of corporate disputes in the category of non-arbitrable, which not only does not correspond to the general global tendencies in this area, but also significantly reduces the level of investment attractiveness of Ukraine.

Tendencies in the transformation of the legal foundations of European integration of Ukraine at the present stage

The article presents and reveals the main tendencies of transformation of the legislative foundations of European integration of Ukraine at the present stage of state formation. While analyzing the problems of implementation of the Association Agreement between Ukraine and the European Union, the author highlights and reveals the content of three main tendencies that are characteristic for the development of the legislative basis of the European integration policy. In particular, the expanding of the current Constitution of Ukraine with the rules on the irreversibility of the European integration course, updating of normative documents regulating the planned character and gradual implementation of the provisions of the Association Agreement, amending the current version of the Association Agreement in order to update its provisions.
 The attention is drawn to the fact that the modification of the legislative foundations of Ukraine's European integration course is an important political and legal factor for the transformation of not only the system of the legal system of the state in the formal sense, but also of the legal consciousness of the broad masses of the population. This is explained by the phenomenon of the action of so-called «future law». In practical terms, such a phenomenon manifests itself in the fact that in the society on the mental level there is an increasing level of expectations from the state to activate pro-European policy, further reforming of the national law in the direction of implementation of European models of social regulation. Accordingly, there is an impact on the minds of people by "future norms of law", which are designed to regulate social relations, which are just beginning to emerge.
 Further priorities of expanding the legislative foundations of Ukraine's European integration are outlined. In particular, it is the optimization of the mechanism of substantial realization of European integration transformations in the practice of national state administration, as well as the preparation of legislative support to overcome the global political risks and economic threats that may occur in connection with the implementation of the Association Agreement. First of all, Ukraine should develop and accumulate the practice of applying the legislation in the sphere of increasing the investment attractiveness of Ukraine, guaranteeing the legal protection of foreign investments, adjusting the national manufacturing sector of Ukraine to the EU requirements, harmonizing the national model of legal regulation of the labor market with the EU, enhancing the institutional focus of the Ukrainian authorities to implement the EU Directives.

The system of the key indicators of formation of attractive investment climate of Ukraine and peculiarities of their management

Ukraine, as a young country, is creating the investment market, which is the most important component of the national economy under the challenges and threats of the XXI century, instability and hybrid war. The study aims to analyze the investment climate and investment attractiveness of Ukraine and to identify key indicators through the political, legal, economic, social, and other conditions under which its investment market will become attractive. The dynamics investigation of foreign direct investments (FDI) inflows into Ukraine during 2002–2018, their structural analysis enabled to identify the periods of the most significant fluctuations and to state the reasons for such changes, to differentiate priority sectors of the Ukrainian economy being of financial interest to foreign investors, which is as a whole the basis of the attractive investment climate formation and management in the country.The methods of financial management system, including the method of SWOT analysis, were applied to determine investment weaknesses, threats, strengths and opportunities, considering the peculiarities of their management.As a consequence of the analysis on the reasons for the reduction of foreign investments in the country economy, it is proved that the proposed mechanism for improving the investment climate in the country will allow increasing FDI inflows and financing the general capital investments.

Аналіз інвестиційної привабливості України

Аналіз інвестиційної привабливості України

ПІДПРИЄМНИЦТВО В УКРАЇНІ: ПРОБЛЕМИ ТА ПРІОРИТЕТНІ НАПРЯМИ РОЗВИТКУ

The article analyzes the position of Ukraine in the World Bank's Doing Business 2020 rating, which highlights the opportunities and limitations in doing business in different countries. It was found that improving the investment climate and increasing investment attractiveness for foreign investors is a particularly important task and justifies the relevance of this issue. The purpose of the article is to analyze and assess Ukraine's position in the ranking of investment attractiveness and the formation of proposals and recommendations to improve the conditions for creating new business structures in the country. To achieve this goal, methods of comparative analysis, rating method, graphical method were used. It is established that the conditions of doing business are a clear indicator for foreign investors, an indicator of what may happen to the investor's business after a certain period. It was found that the maximum possible simplification of the procedure of opening, registration and doing business are important issues in Ukrainian practice. The main indicators and indicators have been identified, the influence of which has led to positive changes in the ranking in expanding opportunities for entrepreneurship in Ukraine. A comparative analysis of the dynamic changes in the rating positions on the investment attractiveness of Ukraine over the past 15 years (2006-2020). Problematic issues and bottlenecks in the development of entrepreneurial activity in Ukraine have been formulated. The study made it possible to establish that we should expect a further path of Ukraine's rise, moreover, a number of laws have been adopted that stimulate investment activity and support small and medium-sized businesses. Recommendations for simplifying the procedure for creating and improving the process of conducting small and medium-sized businesses in Ukraine are proposed, which will allow in the future to improve Ukraine's position in the ranking of conditions for the functioning of business structures. The practical value is that compliance with the proposed recommendations will allow for a detailed study of key rating indicators and their dynamic changes in the process of doing business in Ukraine.

ІНОЗЕМНЕ ІНВЕСТУВАННЯ В УКРАЇНІ: СУЧАСНИЙ СТАН І НАПРЯМИ АКТИВІЗАЦІЇ

Актуалізовано виключне значення іноземного інвестування в розвитку країн. Представлено статистичні дані щодо сумарних обсягів прямих іноземних інвестицій в економіці України протягом 2010—2017 рр. Ідентифіковано причини низького темпу приросту прямих іноземних інвестицій в українську економіку за останні роки. Узагальнено позиціонування України у світових міжнародних рейтингах. Продіагностовано географічну структуру прямих іноземних інвестицій. Акцентовано увагу на проблематиці надходження інвестицій з офшорних зон. Визначено чинники, що визначають низький рівень інвестиційної привабливості України, які диференційовано за двома блоками: перший з яких визначається характеристиками держави як системного об’єкта інвестування, другий – несприятливим інвестиційним кліматом. Акцентовано увагу на низькому стимулювальному впливі прямих іноземних інвестицій на становлення виробництв вищих п’ятого і шостого технологічних укладів. Обґрунтовано пріоритетні напрями активізації іноземного інвестування: створення сприятливого інвестиційного клімату в країні, забезпечення відповідності розподілу прямих іноземних інвестицій стратегічним завданням економічного розвитку держави. Відзначено об’єктивну необхідність реального, а не декларативного поліпшення інвестиційного клімату, зменшення бюрократичних процедур, спрощення регуляторно-реєстраційних вимог і вжиття радикальних заходів щодо дієвого захисту інвестицій, розроблення і імплементацію раціональної інвестиційної концепції, яка забезпечить підвищення інвестиційної активності за наявності певних економічних передумов.

Problems and prospects of management of investment attractiveness of subjects of business

On the basis of the analysis of the scientific views of researchers, the essential characteristics of the category of “investment attractiveness” as an object of management are specified. According to the results of the study of macroeconomic indicators (GDP, gross fixed capital formation, financing of capital investments, financing of innovations, direct foreign investments), the current problems of investment attractiveness in the country are determined. The investment attractiveness of Ukraine is analysed in accordance with the international indices. The sequence of investment attractiveness management of business entities is proposed, where priority is given to the strategies of the financial regulation by the development of business entities. The urgency of the formation of a financial regulation strategy based on an estimation of investment attractiveness is substantiated. The priority directions of increase of investment attractiveness in the framework of realization of the strategy of financial regulation by development of the business entities, which stipulate the choice of sources of financing, optimization of the structure of capital, asset restructuring and financing of innovations are determined.

Пріоритетні аспекти інвестиційної привабливості України

Пріоритетні аспекти інвестиційної привабливості України

RECOGNITION AND ENFORCEMENT OF INTERNATIONAL COMMERCIAL ARBITRATION AWARDS: LEGISLATIVE INNOVATIONS AND COURT PRACTICE

The article is devoted to the analysis of certain legislative novels on the regulation of the procedure for recognition and enforcement of international commercial arbitration awards in Ukraine, as well as their manifestation in the latest court practice. All considered novels are defined as positive, contributing, inter alia, to an increase in the investment attractiveness of Ukraine.

ADVERSE INFLUENCE OF INVESTMENT CLIMATE ON INVESTMENT ATTRACTIVENESS OF UKRAINE

The article deals with the main directions of state regulation of the investment climate in Ukraine, the question of becoming an investment attractiveness and investment climate. The analysis of dynamics of volume of direct foreign investments in the Ukrainian economy has been made, which made it possible to assess the investment climate of Ukraine at the present stage of development, to determine the reasons that cause an unfavorable investment climate and restrain economic development of the country. It was established, that investment resources are called to influence the economy and social sector of the country to transform it into an international space by searching for new sources of such resources for ensuring perspective development of Ukraine.The main factors influencing the investment climate and the reasons for the reduction of investment flows into the Ukrainian economy are analyzed and the problems encountered by the foreign and national investors are analyzed.It was emphasized, that effective development of industries of Ukrainian economy has a perspective in involving foreign investment resources and forming of the favorable investment climate. The attention was drawn to the fact, that the absence of subsequent reforms prevents the industries from involving the necessary investment into the durable production assets and for improving management skills with an aim to enhance the performance of production facilities.The index of investment attractiveness according to the version of the top managers of member companies of the European Business Association is analyzed.The investment attractiveness of Ukraine at the present stage of development was assessed. It was mentioned that slowness of social and economic reforms, ineffective tax policy, high credit rates in financial and credit establishment, annexation of Crimea and military action in the Eastern Ukraine, bureaucracy in making administrative decisions, illegal trafficking and presence of “shadow” economy in the country — all these are problems, which deteriorate the investment climate in Ukraine and degrade its investment attractiveness.The article determines the ways of solving problems connected with the containment of investment development and proposes directions of improvement of the investment climate.

The influence of socio-economic instability on investment attractiveness of Ukrainian economy

The problem of influence of social and economic instability on investment attractiveness of Ukrainian economy is considered in the article. The formation of a holistic view of investment attractiveness and factors that determine it is an important component of solution to this problem. The issue of improvement of investment attractiveness of Ukrainian economy in the conditions of socio-economic instability is analyzed, which is one of the main problems of economic developments of Ukraine. The main factors creating investment attractiveness of Ukrainian economy are identified in the article. The dynamics and areas of foreign capital inflows are disclosed. The state of investment attractiveness of Ukraine according to international rating estimations and the main problems of attracting capital to the domestic economy are determined. The influence of social factors on the level of foreign investment inflows is estimated by the method of statistical analysis. The ways to increase the investment attractiveness of Ukrainian economy in the conditions of social and economic instability are suggested