TRENDS IN UKRAINE'S INVESTMENT ATTRACTIVENESS IN THE CONTEXT OF THE COVID-19 PANDEMIC

Keywords: investment attractiveness, investment climate, investment, foreign direct investment, ranking.

Abstract

The country's investment attractiveness is one of the determining factors in attracting investment into the economy. The study emphasizes the relevance of research in this area. The article considers the dynamics of foreign direct investment in Ukraine's economy as one of the determining indicators of investment attractiveness. The place of Ukraine in the "pandemic" period in the rankings of various world institutions whose activities are related to research in the field of investment is analyzed. Low ratings of Ukraine are established, the factors which have caused such results are defined. Despite the generally negative impact of the Covid-19 pandemic on the socio-economic system of the country, it was concluded that in such conditions, certain industries, including agriculture, construction, IT industry, transport, and logistics, have received prospects for their development. The article identifies positive trends in the institutional sphere, in particular, the adoption of a number of important bills that will facilitate business in Ukraine, resume cooperation with the International Monetary Fund, adoption of economic development programs, including the National Economic Strategy until 2030. This will stimulate investment in Ukraine's economy.

References

Shushkova, Yu, Matviykiv, M., & Kolisnyk, M. (2019), "Investment image and investment attractiveness of Ukraine on the world stage," Young Scientist, 11 (75), 655-659. http://molodyvcheny.in.ua/files/journal/2019/11/139.pdf DOI: 10.32839/2304-5809/2019-11-75-139. [In Ukrainian]

Bokhonko, I., Zhygalo, I., & Slobodiuk, A. (2020), «Investment Attractiveness of Ukraine in the Conditions of Market Economy». Market Infrastructure, 40, 46-53. Retrieved from http://market-infr.od.ua/journals/2020/40_2020_ukr/10.pdf. [In Ukrainian]

Zolotaryova, O. (2020), «Investment attractiveness of Ukraine: content, trends and governance». Economic Bulletin of the Dniprovsk State Technical University, 1(1), 6-16. Retrieved from https://doi.org/10.31319/2709-2879.2020iss1(1).219790pp6-16. [In Ukrainian]

Khaietska, O. (2020), «Ways to increase the international investment attractiveness of Ukraine». Economy, finances, management: Topical issues of science and practice, 3, 113-130. Retrieved from http://efm.vsau.org/storage/articles/November2020/kmkJE6y6G5Is6PH51fFr.pdf. DOI: 10.37128/2411-4413-2020-3. [In Ukrainian]

Shtepenko, K. P., & Zaburaeva, O. Yu. (2019), «Analysis of direct foreign investments in the economy of Ukraine and the precipitations of necessity of their attraction», Efektyvna ekonomika, vol. 5. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=7040. DOI: 10.32702/2307-2105-2019.5.34. [In Ukrainian]

Turpak, T.G., Hoshovska, V.V., & Korolyova O.І. (2019), «State regulation of investment attractiveness of Ukraine». The National Transport University Bulletin, 2, 142-150. DOI: 10.33744/2308-6645-2019-2-44-142-150. [In Ukrainian]

Bolgarova, N. K., & Panevnyk, T. M. (2019), «Priority Aspects of Investment Attractiveness of Ukraine». Business Inform, 5(496), 56-61. DOI: 10.32983/2222-4459-2019-5-56-61. [In Ukrainian]

Verbitska, I.I. (2018), «Investment attractiveness of Ukraine: problems and prospects». Global and National Problems of Economy, 22, 150-154. Retrieved from http://www.global-national.in.ua/archive/22-2018/30.pdf. [In Ukrainian]

Zalizniuk, V., & Shchelkunov V. (2021), «Investment attractiveness of Ukraine: realities and perspectives». University Economic Bulletin, 48, 149-154. Retrieved from 10.31470/2306-546X-2021-48-148-154. [In Ukrainian]

Venhurenko, T.H., & Plahotniuk, V. V. (2020) «Analyzing the Investment Attractiveness of Ukraine». Business Inform, 4, 103–111. Retrieved from https://doi.org/10.32983/2222-4459-2020-4-103-111. [In Ukrainian]

Amerkhanova, A. B. (2019) «Analysis of investment attractiveness of Kazakhstan. Reports of the national academy of sciences of the Republic of Kazakhstan». 6(328), 49–54. Retrieved from https://doi.org/10.32014/2019.2518-1483.166.

Kazakova, G. Ya., Badlaeva, O. A., Diallo, Sh. D., & Keith, D. M (2021), «Investment attractiveness of the republic of Mali: status and prospects». International Conference on Social and Cultural Transformations in the Context of Modern Globalism. European Proceedings of Social and Behavioural Sciences, 2176-2182. DOI: 10.15405/epsbs.2021.11.287

Godlewska, M. & Pilewicz, T. (2020), «Entrepreneurial activities of local governments in their investment attractiveness context – evidence from Poland». Local Government Studies, DOI: 10.1080/03003930.2020.1842736

Roszko-Wójtowicz, E., & Grzelak, M. M. (2021), «Multi-dimensional analysis of regional investment attractiveness in Poland». Equilibrium. Quarterly Journal of Economics and Economic Policy, 16(1), 103–138. DOI: https://doi.org/10.24136/eq.2021.004

Ministry of Finance of Ukraine (MFU) (2021), Retrieved from https://index.minfin.com.ua/ua/economy/fdi/. [In Ukrainian]

United Nations Conference on Trade and Development – UNCTAD (2021). Retrieved from https://unctad.org/

On shaky ground. The 2021 FDI Confidence Index Executive summary. Retrieved from https://www.kearney.com/foreign-direct-investment-confidence-index

Ministry of Economy of Ukraine (2021). Retrieved from https://www.me.gov.ua/Documents/Detail?lang=uk-UA&id=9cd60d26-fa44-481c-bb2a-1b28c713081f&title=AnalitichniiOgliadmistseUkrainiUReitinguSvitovogoBankudoingBusiness. [In Ukrainian]

Corruption Perceptions Index 2020 (2021). Retrieved from http://cpi.ti-ukraine.org/#/

Index of Economic Freedom (2021). Retrieved from https://www.heritage.org/index/ranking

Global Foreign Direct Investment Country Attractiveness Index (2021). Retrieved from http://www.fdiattractiveness.com/ranking-2020/

EBA. Investment attractiveness index of Ukraine (2021). Retrieved from https://eba.com.ua/wp-content/uploads/2020/12/EBA-InvestIndex_2H-2020.pdf. [In Ukrainian]

Law of Ukraine «On state support of investment projects with significant investments in Ukraine» (2021). Retrieved from https://cutt.ly/tY1TMA1. [In Ukrainian]

Order of 29.10.2013 No. 1277 «On approval of Methodical recommendations for calculating the level of economic security of Ukraine» (2013). Retrieved from https://zakon.rada.gov.ua/laws/show/1116-20#Text. [In Ukrainian]

Teliuk, P. (2020), Ukrainian investment market: trends and prospects for 2020 and the future. Retrieved from https://sk.ua/uk/publications-uk/investicii-2020/. [In Ukrainian]

National Bank of Ukraine (NBU) (2021). Retrieved from https://bank.gov.ua/ua/statistic. [In Ukrainian]

Forbes (2021). Retrieved from https://forbes.ua/leadership/it-rinok-2022-go-prodovzhit-zrostati-a-z-talantami-vzhe-problemi-de-ikh-shukati-04122021-2900. [In Ukrainian]

Gartner (2021). Retrieved from https://www.gartner.com/en

Strategy of the financial sector of Ukraine until 2025 (2021). Retrieved from https://cutt.ly/MY0HEDw. [In Ukrainian]

Views:

37

Downloads:

20

Published
2021-12-18
Citations
How to Cite
Hryhoruk Pavlo, & Valkova Olena. (2021). TRENDS IN UKRAINE’S INVESTMENT ATTRACTIVENESS IN THE CONTEXT OF THE COVID-19 PANDEMIC. International Journal of Innovative Technologies in Economy, (4(36). https://doi.org/10.31435/rsglobal_ijite/30122021/7743
Share