Open AccessINSTITUTIONAL AND FUNCTIONAL COMPONENT OF ENSURING THE INVESTMENT PROJECT IMPLEMENTATION IN UKRAINE
Author(s) -
Oleksandr Nepomnyashchyy
Publication year - 2017
Publication title -
naukovij vìsnik polìssâ
Language(s) - English
Resource type - Journals
eISSN - 2412-2394
pISSN - 2410-9576
DOI - 10.25140/2410-9576-2017-1-2(10)-90-96
Subject(s) - investment (military) , state (computer science) , government (linguistics) , business , capital (architecture) , process (computing) , accounting , political science , economic system , economics , law , politics , computer science , linguistics , philosophy , archaeology , algorithm , history , operating system
Urgency of the research. Urgency of the research is conditioned by the fact that in Ukraine it is a considerable number of state institutes and institutions which are formally responsible for the investment situation, however, there is no single coordination and supervision mechanism in this sphere of activity.Target setting. As of today there has been a deterioration of the investment climate observed in Ukraine, reduce of the number of domestic and foreign investors. Thus the logical question raises, what are the causes and consequences of such a situation and what actions must be taken by the Government in terms of changes to the conditions of investment and assurance of investment capital preservation.Actual scientific researches and issues analysis. The issue on investment regulation was studied in the works of such domestic scientists as M. Butko, O. Volskaya, E. Hryhorenko, B. Danylyshyn, V. Martynenko, A. Merzliak, A. Peresada,T. Pokotylo, M. Chernukha and others. However, it should be noted that the majority of these scientists conduct their research in the economic sphere.Uninvestigated parts of general matters defining. Issues of the impact of state institutions on investment processes in Ukraine remain beyond their consideration, and especially cooperation with international financial and donor organizations, thus the total number of scientific research in this field is insignificant.The research objective. Therefore, the purpose of this article is to develop proposals concerning functional support of the state institutes in the sphere of attracting and maintaining foreign investment.The statement of basic materials. Understanding of the investment process differs in some ways if it is seen in the context of governmental and economic science approach. Thus, the Law of Ukraine "On investment activity" defines investment activity as combination of practical actions of citizens, legal entities, and the state in the sphere of implementation of investments [1]. That is, investment activity is considered as a specific interaction between citizens, business and state institutions.Conclusions. The investment climate in Ukraine requires significant improvement. Disintegration of the authority’s actions regarding the investment promotion at various levels is leading to the virtual absence of the institutional mechanism of regulation in the investment sphere.