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The Economic Situation in Ukraine: Business Expectations
Danylevych N. S., Rudakova S. H., Shchetinina L. V., Vashchenko E. O.

Danylevych, Nataliia S. et al. (2020) “The Economic Situation in Ukraine: Business Expectations.” Business Inform 2:203–209.
https://doi.org/10.32983/2222-4459-2020-2-203-209

Section: Problems of Business

UDC 339.5

Abstract:
Significant efforts have been made over the past five years to improve the economic situation and economic growth to simplify the conduct of business. However, Ukraine is now perceived as a country with excessive regulation and high levels of corruption, which is not favorable for the business environment. Therefore, research on the factors that affect business expectations at the current stage is extremely relevant. The article is aimed at studying the conditions for creating a favorable environment for business by introducing deregulation measures, eliminating excessive administrative burdens on business and reducing the State control. In the study, the methodology of statistical analysis and the scientific approach of «forecasting» are used. Business expectations, which mainly consist of positive assessments and forecasts regarding the economic situation in Ukraine, are evaluated. However, the business environment notes that Ukraine still has problems in organizing and implementing reforms. The main problem directions have been defined as follows: unstable production growth, shortage of qualified personnel, low growth rates, coherence of the legislative environment. The existence of informal relations between the various branches of government and business has been discovered. Respondents of all economic activities, except energy and water companies, predict growth in total sales volumes and improved financial-economic conditions. Enterprises in the trade and processing industries have the highest expectations. The shortage of qualified personnel may be one of the factors that will hamper economic activity in the future. Prospect for further research in this direction is the issue of developing measures to improve the expectations of the business environment. In practical terms, there is a disparity between the regions of Ukraine and the scale of business relative to the economic expectations for 2020.

Keywords: business environment, deregulatory measures, business climate, corruption.

Tabl.: 1. Bibl.: 11.

Danylevych Nataliia S. – Candidate of Sciences (Engineering), Associate Professor, Associate Professor, Department of Socio-Economics and Personnel Management, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Rudakova Svitlana H. – Candidate of Sciences (Engineering), Associate Professor, Associate Professor, Department of Socio-Economics and Personnel Management, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Shchetinina Liudmyla V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Socio-Economics and Personnel Management, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Vashchenko Evgeniy O. – Student, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)

List of references in article

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Melnyk, M. I. Formuvannia biznes-seredovyshcha Ukrainy v umovakh instytutsiinykh transformatsii [Formation of Business Environment of Ukraine in the Conditions of Institutional Transformations]. Lviv: IRD NAN Ukrainy, 2012.
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Shvets, H. S. “Suchasne biznes-seredovyshche maloho ta serednyoho pidpryiemnytstva v Ukraini“ [The Current Business Environment of Small and Medium Business in Ukraine]. Visnyk Pryazovskoho derzhavnoho tekhnichnoho universytetu. Seriia «Ekonomichni nauky». 2017. http://eir.pstu.edu/bitstream/handle/123456789/16128/34_2017_p031-039.pdf?sequence=1
Mazur, Ye. V., and Simonik, L. S. “Sostoyaniye biznes-sredy malykh i srednikh predpriyatiy v Ukraine“ [Business Environment of Small and Medium-Sized Enterprises in Ukraine]. Molodiy vcheniy, no. 5 (2) (2018): 726-729.
Inspektsiinyi portal. https://inspections.gov.ua/
Petryk, O., and Kolesnichenko, N. “Opytuvannia shchodo dilovykh ochikuvan pidpryiemstv yak instrument prohnozuvannia ta komunikatsii tsentralnoho banku“ [Survey on Business Expectations of Enterprises as a Tool for Forecasting and Communication of the Central Bank]. Visnyk Natsionalnoho banku Ukrainy, no. 11 (2012): 3-11.
“Shchokvartalna otsinka dilovoho klimatu“ [Quarterly Assessment of Business Climate]. Instytut ekonomichnykh doslidzhen ta politychnykh konsultatsii. http://www.ier.com.ua/ua/publications/regular_products/business_idea_industry?pid=6232
“Shchokvartalna otsinka dilovoho klimatu. Analitychnyi zvit za rezultatamy opytuvannia kerivnykiv promyslovykh pidpryiemstv v Ukraini“ [Quarterly Assessment of Business Climate. Analytical Report on the Results of the Survey of Heads of Industrial Enterprises in Ukraine]. Veresen 2019. http://www.ier.com.ua/files//Regular_products/BTS/Industry/QES_ukr_02_2019_FINAL.pdf
Kulytskyi, S. “Dilovi ochikuvannia pidpryiemtsiv i naselennia ta yikh virohidnyi vplyv na dynamiku ukrainskoi ekonomiky u 2019 r.“ [Business Expectations of Entrepreneurs and the Population and Their Likely Impact on the Dynamics of the Ukrainian Economy in 2019]. Ukraina: podii, fakty, komentari. 2019. http://nbuviap.gov.ua/images/ukraine/2019/3.pdf; http://nbuviap.gov.ua/images/ukraine/2019/4.pdf
“Dilovi ochikuvannia pidpryiemstv ta rehioniv, III kvartal 2019 roku“ [Business Expectations of Enterprises and Regions, Q3 2019]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/news/all/dilovi-ochikuvannya-pidpriyemstv-iii-kvartal-2019-roku

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