The purpose of the article is a systemic economic analysis of the investment climate in the process of ensuring sustainable development of Ukraine. European integration strategy of Ukraine necessitates the formation of an investment climate in order to adapt to European requirements, create a development strategy to integrate with developed countries, harmonize economic trade and environmental processes. Methodology. In the course of this analysis, the investment climate was considered as a complex open system with the application in the study of the methodology of systemic analysis, which allowed to emphasize certain aspects of the specific nature of its operation. Results. It is established that in modern conditions of acceleration of transformation processes the mechanisms of expansion of investment opportunities and overcoming of investment restrictions at all levels of hierarchy of taxonomic systems are characterized by any importance and intensity. At the global level, this affects the international movement of capital and the formation of world investment wealth through the internationalization of the economies of different countries. At the national level, this applies to regulatory and legal support, formation of institutional support for investment processes, diversification of ownership, sources and types of investment resources. At the local and territorial levels, it is especially important to ensure investment in human capital and the social sphere. The factors of negative influence on the development of Ukrainian industry are determined: reduction of world prices for ferrous metals; national gaps in the development of railway transport causing problems with logistics; the need to repair production facilities in the fields of metallurgy, electricity, gas and steam, carbonite and refining; low level of yield in agriculture (for the food industry); sanctions of the Russian Federation; inflation; reduction in use of electricity and gas due to global warming; market advantage of imports of competitive products. The priority tasks for the development of Ukrainian industry are also outlined: renewal of industrial production facilities; development of infrastructure and logistics; balancing of external and internal market conditions; providing the food industry by increasing the volume of agricultural production; ensuring the purchasing power of domestic consumers and expanding demand. It is established that the level of capital investments in the first half of 2020 lags significantly behind the previous year. In addition, with the development of the COVID-19 pandemic in 2020, the situation with the inflow of foreign direct investment in Ukraine has also deteriorated significantly. According to preliminary results, the balance of FDI amounted to -112.6%. This was not the case even in the unfavorable economic development of 2014, which was characterized as a crisis period associated with the military conflict in the east and the annexation of Crimea. Practical implications. The analysis of the peculiarities of the investment climate and its goals allows to determine the role of investment in achieving the Sustainable Development Goals by 2030, to identify key priorities in solving environmental problems, to form the potential for sustainable development. For Ukraine, these are components of the formation of the investment climate in a pandemic. Value/originality. The use of systems analysis allows to identify the main problems of formation of the investment climate in modern conditions.
How to Cite
investment climate, the COVID-19 pandemic, sustainable development goals, industry, economic evaluation, systemic analysis
Sustainable development goals, (2019). Available at: https://www.un.org/sustainabledevelopment/sustainable-development-goals/ (accessed 10 September 2020).
Sustainable development goals. Global Compact Network in Ukraine (2019). Available at: https://globalcompact.org.ua/pro-nas/tsili-stijkogo-rozvytku/ (accessed 10 September 2020).
Economic strategy "Growth through investment" (2020). Available at: https://drive.google.com/file/d/1DmerrNq53rk4PixQRvCTgatC08YgFMW/view (accessed 10 September 2020).
State Statistics Service of Ukraine (2020). Available at: http://www.ukrstat.gov.ua/ (accessed 10 September 2020).
I. Irtyshcheva, I. Kramarenko, S. Shults, Y. Boiko, K. Blishchuk, N. Hryshyna, N. Popadynets, І.Dubynska, O. Ishchenko and D. Krapyvina (2020). Building favorable investment climate for economic development. Accounting, Volume 6 Number 5, pр. 773–780.
Capital investments. Methodological explanations (2020). Available at: http://www.ifstat.gov.ua/STAT/m_inv.htm (accessed 10 September 2020).
Socio-economic development of Ukraine (2020). State Statistics Service of Ukraine. Available at: http://www.ukrstat.gov.ua/operativ/infografika/2020/soc_ek_r_Ukr/soc_ek_r_Ukr_09_2020.pdf (accessed 10 September 2020).
Fedorchak, O.V. (2017). Problems of public investment in Ukraine. Bulletin of the National Academy of Sciences of Ukraine under the President of Ukraine, no. 4, рр. 45–55. (in Ukrainian)
I. Kramarenko, I. Irtyshcheva, S. Shults, M. Stegney, B. Kateryna, Y. Boiko, N. Popadynets, N. Samotiy, L. Rogatina and N. Hryshyna (2020). An economic management system for sustainable development in black sea region. Accounting, Volume 6 Number 4, pр. 387–394.
Simply about economy (2020). National Bank of Ukraine. Available at: https://bank.gov.ua/ua/news/all/prosto-pro-ekonomiku-za-materialami-inflyatsiynogo-zvitu-za-jovten-2020-roku (accessed 10 September 2020).
Kramarenko, I. S., Irtyshcheva, I. O., Senkevich, O. F., Topchiy, O. O., & Voit, D. S. (2020). Structural and dynamic characteristics of investment resources of regions. Effective Economy, no. 3, Available at: http://www.economy.nayka.com.ua/pdf/3_2020/82.pdf (accessed 10 September 2020). (in Ukrainian)
Foreign direct investment in Ukraine (2020). Ministry of Finance of Ukraine, Available at: https://index.minfin.com.ua/en/economy/fdi/ (accessed 10 September 2020).
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.