Maslovskaya N. P., Rieznik M. A.
Oles Honchar Dnipropetrovsk
National University, Ukraine
INVESTMENT CLIMATE IN UKRAINЕ
Ensuring of favourable investment climate in Ukraine
remains to be a task of strategic importance, implementation of which can have
an impact on social and economic dynamics, effectiveness of involvement into
international division of labour and possibility of
modernization of national economics on this basis.
During 2010-2011 Ukraine adopted a number of regulatory legal acts which
had positive impact on investment climate of Ukraine. Due to significant
efforts paid to establish adequate
organizational and economical as well as legal basis for strengthening
investment climate international experts note improvement of investment
attractiveness of Ukraine.
The creation of favorable development conditions
for the business climate in Ukraine remains one of the most urgent task. The
amount of foreign direct investment (equity) in the economy of Ukraine on 1st of July 2015 totaled USD 42851,3
million and 1000,5 USD per capita (excluding the temporarily occupied
territory of the Autonomous Republic of Crimea, Sevastopol and the part of the
zone of counter-terrorist operations).
In the year 2015 the investments floated from
133 countries. The EU countries made USD 33154,9 million of the investments
(77.4% of total share capital), the other countries of the world scored USD
9696,4 million (22,6%). More than 83% of direct investments accrue to ten major
countries-investors: Cyprus – 12274,1 million USD, Germany – 5489,0 million
USD, the Netherlands – 5108,0 million USD, Russia – 2685,6 million USD, Austria
– 2354,3 million USD, UK – 1953,9 million USD, the British Virgin Islands –
1872,6 million USD, France – 1539,2 million USD, Switzerland – 1371,2 million
USD and Italy – 966,6 million USD.
At the same time the amount of Ukrainian direct
investments (share capital) to the foreign countries economies on the 1 of July
2015 totaled 6254,4 million USD, including the EU countries – 6015,4 million
USD (96,2%), and other countries of the world – 239,0 million USD (3.8%).
Direct investments from Ukraine were injected to 46 countries around the world,
mostly to Cyprus (93,0%).
During 2014-2015 the Ukrainian government
implemented a set of measures to create a whole new level of business
environment, which is to provide economy revival and steady development in Ukraine.
Owing to this fact, In the World Bank rating
Doing Business 2015» according to the indicator of the easiness of doing
business, Ukraine occupies 96 position among 189 countries of the world (112-in
2014).
National regulations of investment activity are
implied on foreign investors on the territory of Ukraine, equal business
conditions with local investors are granted. Foreign investments are not
subjected to nationalization.
In case of shut down of investment activity
foreign investor is guaranteed return on investment in its genuine form or in
the currency of investment, tax free as well as revenues from the investment in
monetary or commodity form. The state also guarantees unhampered and immediate
abroad transfer of revenues and other funds in foreign currency legally
obtained due to foreign investments.
The intergovernmental agreements on promotion
and mutual protection of investments are signed and ratified by the Verkhovna Rada of Ukraine with
more than 70 countries of the world.
Aiming at the search of viable mechanisms of
foreign investments involvement to Ukraine the government regularly holds
business forums with foreign investors participation. Indicated measures are to
contribute to improve the investment image of Ukraine and to provide growth of
foreign investment amounts and capital investments in the economy of the state.
Unfortunately many investors do not even have an idea that Ukraine
having huge internal market, rich resources and useful geopolitical location
can become one of the leading recipients of investments for those business and
active people who are looking for new markets to invest their business ideas,
initiatives and entrepreneurial spirit.
List of references:
1. Закон
України «Про Національний Банк
України» [Електронний ресурс].
– Режим доступу : http://www.rada.gov.ua
2. Москвін С. Венчурні фонди компаній з управліннями активами як феномен
спільного інвестування в Україні [Електронний ресурс] / С.
Москвін. – Режим доступу : http://www.usfa.org.ua
3. Материалы
информационного сайта ООО Региональной лесопромышленной компании «Кода Лес» [Електронний ресурс]. – Режим доступу : http://www.kodales.ru
4. Сайт
Министерства по вопросам ЖКХ [Електронний ресурс]. –
Режим доступу : http://www.minjkg.gov.ua/1245-zdobutki-i-vtrati-galuzi-u-pershomu-pivrichchi.html