You are here

The role of potential foreign investors in the development of the economy of Ukraine in the conditions of war

The article examines the essence of investments and their role in the economic development of Ukraine.

The main factors and obstacles that negatively affect the development of investment activities in Ukraine are characterized. The priority areas of investment development were determined and the main factors influencing the level of business activity and investment environment in Ukraine were determined based on the results of a survey of international and Ukrainian companies.

The main positive steps of the government in the direction of creating qualitatively new business conditions and activation of investment activity are considered. It has been established that for a satisfactory state of investment activity of Ukrainian enterprises in wartime conditions, it is necessary to carry out a number of measures on the part of the state to eliminate large-scale corruption, improve the judicial system, etc.

The priority directions and spheres of investment activities, in particular in the development of the agrarian sector, have been determined. There is a well-founded need to create and implement promising investment programs for the development of agricultural enterprises, as well as support innovative development of all branches of the country's economy in order to eliminate the negative consequences of Russian aggression, stabilize and develop the economy of Ukraine.

Key words: investment, investment activity, investment environment, investment policy, investment development.

REFERENCES

1. Official website of the State Statistics Service of Ukraine. URK: http://www.ukrstat.gov.ua.

2. Zinchenko, O., Finahina, O., & Pankova, L. Investing in the Development of Information Infrastructure for Technology Transfer Under the Conditions of a Regional Market. (June 30, 2021). Eastern-European Journal of Enterprise Technologies, 2021. 3 (13(111)), 6–17. doi: https://doi.org/10.15587/1729- 4061.2021.235948 (access date: 12/18/2022).

3. Guivan, O. Fifth "Ukrainian-German Economic Forum". October 24, 2022 URL: https:// suspilne. media/301736-u-berlini-rozpocavsa-patij-ukrainsko-nimeckij-ekonomicnij-forum/ (access date: 10.01.2023).

4. Project of the Recovery Plan of Ukraine. Materials of the working group Development of the military-industrial complex. The National Council for the Recovery of Ukraine from the Consequences of the War. 07/2022 URL: https://www.kmu.gov. ua/storage/app/ sites/1/recoveryrada/ua/development-of-the-military-industrial%20complex.pdf (access date: 12/17/2022).

5. Investments in Ukraine and economic recovery. Ministry of Economy of Ukraine. Department of Public Relations and Mass Media, 12/21/2022. State websites of Ukraine. URL: https://me.gov.ua/Documents/Deta il?lang=uk-UA&id=62bfd716-8665-4a4c-9e2d-6325 ba53b3c8&title=InvestitsiiVUkrainuTaVidnovlenniaEkonomiki (access date: 12/21/2022).

6. Kondratenko, L.V. War economy. Encyclopedia of the history of Ukraine / Gol. ed. V. A. Smolii. NAS of Ukraine. Institute of History of Ukraine. Kyiv: Naukova Dumka, 2003, T. 1. 688 p. URL: http://www.history.org.ua/?termin=Voienna_ ekonomika (access date: 12/15/2022).

7. SIPRI Military Expenditure Database. Stockholm international peace research institute, Apr. 2022. URL: https:// www.sipri.org/media/newsletter/2022-april (access date: 15.12.2022).

8. The European Parliament recognized Russia as a state sponsor of terrorism. What it means. BBC NEWS Ukraine. November 23, 2022. URL: https://www.bbc. com/ukrainian/news-63730807 (accessed on December 21, 2022).

9. Globaldata's FDI projects. Global FDI Annual Report 2022. URL: https://www.investmentmonitor. ai/whitepapers/ global-fdi-annual-report-2022 (access date: 15/12/2022).

10. Antezza, A., Frank, A., Frank, P., Franz, L., Rebinskaya, E., & Trebesch, Ch. The Ukraine Support Tracker: Which countries help Ukraine and how? KIEL working paper. 2022. No. 2218, 49 p. Kiel Institute for the World Economy. URL: https://cutt.ly/cZnBPrW (access date: 12/24/2022).

11. Omelchenko, T. Why foreign investors ignore Ukraine./ State websites of Ukraine. URL: https://me.gov.ua/Documents/Detail?lang=uk-UA &id=62bfd716-8665-4a4c-9e2d-6325ba53b3c8&- title=InvestitsiiVUkrainuTaVidnovlenniaEkonomiki (access date 11.01.2023).

12. Durham, R.B. Supplying the Enemy: The Modern Arms Industry & the Military–Industrial Complex. Lulu.com. May 29, 2015. 240.

13. Haruk, S. State of investment activity of enterprises in Ukraine in conditions of economic instability. Economy and the state. No. 1.2020. pp. 66-72.

14. The Ministry of Foreign Affairs of Ukraine: on sanctions against the Russian Federation. December

20, 2022. URL: https://finap.com.ua/mzs-ukrayiny-prosanktsiyi-proty-rf (access date: December 21, 2022).

15. Volodymyr Zelenskyi: person of the year and honorary awards of the President of Ukraine. Visit Ukraine today, 13/12/2022. URL: https:// visitukraine.today/uk/blog/1300/volodimir-zelenskii-lyudina-roku-ta-pocesni-nagorodi-prezidenta-ukraini-v-2022-roci (access date: 12.01.2023).

16. Association Agreement. Government portal. The only web portal of executive authorities of Ukraine. URL: https://www.kmu.gov.ua/diyalnist/yevropejska-integraciya/ugoda-pro-asoci... (date of application: 17.12.2022).

17. Ukraine-NATO relations. (2022). Wikipedia is a free encyclopedia. URL: https://uk.wikipedia.org/ wiki/ (date of access: 11.02.2023).

18. Brailyan, Е. Top-10 victories of Ukraine's foreign policy (2022). URL: https://armyinform.com. ua/2022/08/24/top-10-peremog-zovnishnoyi-polityky-ukrayiny/ (access date: 12/21/2022).

19. Oliynyk, D. I. Multilateral support of international organizations for strengthening the economy of Ukraine in kinetic counteraction to Russian aggression. National Institute of Strategic Studies, 2022. URL: https://niss.gov.ua/en/node/4626 (access date: 12/21/2022).

20. Simmons, A M., Chernova, Y. Russia Announces Annexation of Four Regions of Ukraine. The Wall Street Journal. 09/30/2022. URL: https://www.wsj.com/ articles/russia-prepares-treaties-to-annex-ukrainianland-11664536196 (access date: 12/15/2022).

21. Pankova, L. I., Kamalova-Kutinets, O. M. (2022). Analysis of trends and prospects of attracting foreign investments in the conditions of the war economy. Problems of modern transformations. Series: economics and management, (6). https://doi. org/10.54929/2786-5738-2022-6-03-02

22. Begma, V. M., Svergunov, O. O. Conceptual foundations of strategies for investment and innovation development of defense and industrial complexes of states. Experience for Ukraine: analyst. add. Kyiv: NISD, 2019. 64 p.

23. Visa information. Ministry of Foreign Affairs of Ukraine: website. December 19, 2019. URL: https:// mfa.gov. ua/en/consular-affairs/entry-and-stay-foreigners-ukraine/visa-information (date of application: 12/19/2022).

24. Schwartz, D. Getting out of the fog of war: how Ukraine can attract foreign investments in 2023. - UNIAN. (application date 02/14/2023).

 

AttachmentSize
PDF icon verniuk_diachenko_econ_52-63.pdf558.41 KB