Investment climate in Ukraine: aspects of investment activity at a regional level

Анотація

The main objective of this study is to examine trends and prospects of investment activity in Ukraine. This paper investigates the term “investment” and considers the role and importance of investment in social and economic development of the state. Based on the data provided by the State Statistics Service of Ukraine, the current state of foreign investment promotion to Ukraine has been analyzed. The growth rate of the investment climate in Ukraine has been distinguished. It has been defined that it is impossible to reach sustainable economic growth and overcome the consequences of the financial crisis without the injection of investment into both individual sectors of the national economy and the economy of entire regions. The article examines the dynamics of investment attraction into the regions’ economy and defines sources of such investment. As a result of the research, investment activity of regions has been outlined. Investment efficiency of regions has been assessed. Based on the findings, suggestions to improve the investment climate in Ukraine and increase regions activity have been offered. Model for investment attractiveness assessment, which takes into account availability and sufficiency of own financial resources, that define the level of region’s financial health, has been suggested.

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