Public-Private Partnership as a Factor to Ensuring Sustainability of Agribusiness in Ukraine
Анотація
Agriculture and agribusiness of Ukraine are not sustainable due to the lack of own financial sources and chronic state underfunding. On the other hand there are no incentives for private business, both domestic and foreign, to invest in Ukrainian agriculture. One of efficient ways to attract investments is introduction public-private partnership as a way of cooperation between state, represented by public sector and private companies which may benefit for both parties and for the sustainable development of respective area. The article highlights essence of PPP as a type of partnership widely implemented in other branches of economy, but rarely applied in agribusiness of Ukraine, as opposite to foreign, mainly, less developed countries. It is also focused on the operation of wholesale agricultural market as a concrete example of PPP in Ukraine and discusses legal restrictions as an important constraint of its development.
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