REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

Investment Climate in Ukraine’s Economy: Current Status and Directions of Improvement
Zelenko O. O., Gutsan T. G., Hura A. O.

Zelenko, Oleksandr O., Gutsan, Tetiana G., and Hura, Anna O. (2020) “Investment Climate in Ukraine’s Economy: Current Status and Directions of Improvement.” Business Inform 1:100–107.
https://doi.org/10.32983/2222-4459-2020-1-100-107

Section: Investment Processes

UDC 338.242.4

Abstract:
The article is aimed at analyzing the investment climate in Ukraine’s economy and possible ways to improve it. To this purpose, components of the investment climate in Ukrainian economy are considered as follows: macro-economic, micro-economic, legal, political, social, and financial-credit. On the basis of an analysis of the components of investment climate, it is concluded that, despite the presence of a number of significant advantages, it is generally unfavorable to investors. This state of affairs is largely related to the economic policy that has been effective in Ukraine for a long time. Ways to improve the investment climate in the economy are proposed, which include: development and implementation of a structural-investment policy (defining long-term priorities for development of the national economy and elaborating effective stimulation measures); budget-fiscal policy measures (reducing the number of taxes, simplifying their administration), monetary policy (transition to stimulative monetary policy); reducing bureaucratic procedures on the way to attracting investments, countering corruption (full start-up of anti-corruption bodies and organizing their efficient cooperation); reform of the judicial system, the SSU, the police, etc. Attention is drawn to the debt policy of the State as a factor that negatively affects the investment attractiveness of the national economy. The importance of investments for development of the economy, fundamental changes in the global economy in view of the fourth industrial revolution make relevant further research in the dynamics of the components of the investment climate of Ukraine’s economy and analysis of economic policies aimed at improving it.

Keywords: investment climate, components of investment climate, budget-fiscal policy, structural and investment policy, monetary policy, countering corruption.

Bibl.: 23.

Zelenko Oleksandr O. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of Socio-Economic Disciplines and Geography, H.S. Skovoroda Kharkiv National Pedagogical University (29 Alchevskykh Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Gutsan Tetiana G. – Candidate of Sciences (Pedagogy), Associate Professor, Associate Professor, Department of Socio-Economic Disciplines and Geography, H.S. Skovoroda Kharkiv National Pedagogical University (29 Alchevskykh Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Hura Anna O. – Senior Lecturer, Department of Economic Theory, H.S. Skovoroda Kharkiv National Pedagogical University (29 Alchevskykh Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

List of references in article

Vakulych, M. M. “Skladovi formuvannia investytsiinoho klimatu v transformatsiinii ekonomitsi Ukrainy“ [Components of the Formation of Investment Climate in the Transformation Economy of Ukraine]. Yevropeiskyi vektor ekonomichnoho rozvytku. 2013. http://eurodev.duan.edu.ua/images/PDF/2013/1/6.pdf
Vyshynskyi, H. “Neimovirne zrostannia ukrainskoi ekonomiky na 4,6%. «Prosto perestaly krasty», anomaliia chy norma“ [Incredible 4.6% Growth in the Ukrainian Economy. "Just Stopped Stealing" an Anomaly or Norm]. 21.08.2019. https://www.epravda.com.ua/rus/publications/2019/08/21/650817/
Vinokurov, Ya. “Derzhavnyi borh Ukrainy za misiats zris na ponad $1 mlrd - Minfin“ [The National Debt of Ukraine for the Month Increased by More than $ 1 Billion - the Ministry of Finance]. 30.10.2019. https://hromadske.ua/posts/derzhavnij-borg-ukrayini-za-misyac-zris-na-ponad-dollar1-mlrd-minfin
Zelenko, O. O., and Prokopiuk, O. M. “Antykryzova polityka derzhavy ta investytsiina pryvablyvist Ukrainy“ [State Anti-crisis Policy and Investment Attractiveness of Ukraine]. Zbirnyk naukovykh prats Kharkivskoho natsionalnoho pedahohichnoho universytetu imeni H. S. Skovorody. Seriia «Ekonomika», no. 10 (2010): 55-59.
Kasianova, N. V., and Kurbanov, O. O. “Fondovyi rynok: suchasnyi stan ta perspektyvy rozvytku“ [Stock Market: Current Situation and Prospects]. Ekonomika i suspilstvo. 2017. http://www.economyandsociety.in.ua/journal/10_ukr/46.pdf
“Kompaniya British American Tobacco perenosit tsentralnyy ofis v Vostochnoy Yevrope iz Ukrainy v Rumyniyu“ [British American Tobacco Relocates its Head Office in Eastern Europe from Ukraine to Romania]. 24.09.2019. https://censor.net.ua/news/3150008/kompaniya_british_american_tobacco_perenosit_tsentralnyyi_ofis_v_vostochnoyi_evrope_iz_ukrainy_v_rumyniyu
“Krupneyshaya tabachnaya fabrika Ukrainy British American Tobacco ostanovilas iz-za novogo zakona VR“ [The Largest Tobacco Factory in Ukraine British American Tobacco has stopped due to the New Law of VR]. 18.10.2019. https://censor.net.ua/news/3154622/krupneyishaya_tabachnaya_fabrika_ukrainy_british_american_tobacco_ostanovilas_izza_novogo_zakona_vr
Kalashnyk, P. “Minimalka 4723 hrn i ponad 1 trln dokhodiv: Uriad vnis u Radu proiekt biudzhetu na 2020 rik“ [Minimal 4723 UAH and Over 1 Trillion in Revenues: The Government submitted to the Council a Draft Budget for 2020]. 15.09.2019. https://hromadske.ua/posts/minimalka-4723-grn-i-ponad-1-trln-dohodiv-uryad-vnis-u-radu-proyekt-byudzhetu-na-2020-rik
“Minfin v 2020 rotsi rozrakhovuie pozychaty valiutu pid 8%“ [The Ministry of Finance in 2020 Expects to Borrow the Currency at 8%]. 07.11.2019. https://www.epravda.com.ua/news/2019/11/7/653424/
Nechyporenko, M. “Ukrainskyi fondovyi rynok vstanovyv rekord: yak i zavdiaky chomu“ [The Ukrainian Stock Market has set a Record: How and Why]. https://www.ukrinform.ua/rubric-economy/2615657-ukrainskij-fondovij-rinok-vstanoviv-rekord-ak-i-zavdaki-comu.html
“Pozytsiia Ukrainy v reitynhu krain svitu za indeksom hlobalnoi konkurentospromozhnosti 2017-2018“ [Ukraine's Position in the Global Competitiveness Index 2017-2018]. http://edclub.com.ua/analityka/pozyciya-ukrayiny-v-reytyngu-krayin-svitu-za-indeksom-globalnoyi-konkurentospromozhnosti-2
“Posylennia znachymosti monetarnoi polityky v krainakh Tsentralnoi i Skhidnoi Yevropy u postkryzovyi period i rekomendatsii dlia Ukrainy“ [Increasing the Importance of Monetary Policy in the Countries of Central and Eastern Europe in the Post-crisis Period and Recommendations for Ukraine]. http://razumkov.org.ua/uploads/article/2019_Monetary_Stimuls_in_CEE_For_Ukraine.pdf
“Pravo vlasnosti - 2017“ [Ownership - 2017]. Ukrainska Helsinska spilka z prav liudyny. https://helsinki.org.ua/pravo-vlasnosti-2017/
Prus, M. “Ukraina - na 75mistsi v sviti za rivnem demokratychnykh svobod : zvit Freedom House“ [Ukraine Ranks 75th in the World in Terms of the Level of Democratic Freedoms: the Freedom House Report]. ukrainian.voanews.com/a/zvit-freedom-house/4774088.html
“Suchasnyi stan sudovoi reformy: peredumovy, kliuchovi podii i vyklyky“ [The Current State of Judicial Reform: Prerequisites, key Events and Challenges]. Tsentr polityko-pravovykh reform. 24.07.2015. http://pravo.org.ua/ua/news/5889-
Zhylinska, O. et al. “UKRAINA 2030: Doktryna zbalansovanoho rozvytku“ [UKRAINE 2030: The Doctrine of Balanced Development]. http://econom.chnu.edu.ua/wp-content/uploads/2018/03/E-Book-Doctrine-2030.pdf
Finansovo-kreditnyy entsiklopedicheskiy slovar [Finance and Credit Encyclopedic Dictionary]. Moscow: Finansy i statistika, 2002.
Shavaliuk, L. “Derzhavne rehuliuvannia: zbytyi prytsil“ [State Regulation: Shot Down]. 15.02.2019. https://tyzhden.ua/Economics/226621
Shchur, M. “Indeks demokratii u sviti prypynyv padinnia: Ukraina - na 84 misti u sviti“ [The Index of Democracy in the World Stopped Falling: Ukraine - on 84 Cities in the World]. 09.01.2019. www.radiosvoboda.org./a/29700023.html
Yurchyshyn, V. “Stsenarii-prohnoz rozvytku ekonomiky Ukrainy: obmezhenyi pesymizm“ [Scenario-forecast of Economic Development of Ukraine: Limited Pessimism]. http://razumkov.org.ua/uploads/article/2018_mid_Forecast.pdf
Doing Business 2019. Annual Report. http://www.doingbusiness.org/en/data/exploreeconomies/ukraine
“Doing Business 2020. Annual Report“. https://www.doingbusiness.org/content/dam/doingBusiness/country/u/ukraine/UKR.pdf
“The Global Competitiveness Report 2019“. http://reports.weforum.org/pdf/gci4-2019/WEF_GCI4_2019_Profile_UKR.pdf

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»