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Economy, finances, management: topical issues of science and practical activity

space SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY
Eng Укр

Issue №: 4 (62)

Published: 2023.01.01
DOI: 10.37128/2411-4413-2022-4


Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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IMPROVEMENT OF THE POLICY OF ATTRACTING FOREIGN DIRECT INVESTMENTS TO THE ECONOMY OF THE VINNYTSIA REGION AND THE VINNYTSIA CITY TERRITORIAL COMMUNITY

DOI: 10.37128/2411-4413-2022-4-3
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TOKARCHUK Dina – Candidate of Economic Sciences, Associate Professor of the Department of the Administrative Management and Alternative Energy Resources, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., е-mail: tokarchyk_dina@ukr.net).

PRYSHLIAK Natalia – Doctor of Economic Sciences, Associate Professor of the Department of the Administrative Management and Alternative Energy Resources, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., е-mail: natalka.vinn@gmail.com).

Annotation

It has been established that foreign investments play an important role both in the development of the country as a whole and of individual territorial communities (hereinafter referred to as TC) in particular, as it is an additional source of funds that allows the introduction of advanced technologies and accelerates the process of economic integration into the world economy.

It has been proven that legal regulation of investment activities in Ukraine is based on the international law and a number of national regulatory and legal documents. However, taking into account the changes that are dynamically taking place in the world, as well as the state of war in Ukraine, there is a need to improve domestic legislation in the field of investment attraction.

Using the example of Vinnytsia Region and Vinnytsia City Territorial Community, the investment activity in the pre-war period (2019-2021) was considered and the positive dynamics of attracting foreign investments to the economy of the region was determined. There is a change in the main investor countries of Vinnytsia: in 2021, the USA joined the top five with a share of 6.08%, while Germany moved to the sixth place. During the studied period, most foreign investments were made to the industry of the region.

The strengths and weaknesses of the studied community were studied with the help of a SWOT analysis, which showed the presence of favorable conditions for attracting foreign investment, however, the current situation in the country does not allow to fully use all the strengths. An analysis of the Methodology and standards of attracting and supporting investors in the Vinnytsia City TC was made, which can become a strong basis for improving the investment attractiveness of the region.

It is proposed to adjust the state’s strategy for attracting foreign direct investment in order to adequately respond to modern challenges facing Ukraine. Measures have been developed to promote the attraction of investments in the Vinnytsia City TC for the post-war recovery of the economy and its development on the basis of innovation and energy efficiency.

Keywords: investment, investment activity, investment potential, direct foreign investment, investor, territorial community

List of references

1. Vdovenko, L.O., Marakhovska, T.M., & Chernenko, O.S. (2015). Finansove zabezpechennia diialnosti ma-loho i serednoho biznesu v ahrarnii sferi ekonomiky [Financial support for the activities of small and medium-sized businesses in the agricultural sector of the economy]. Ekonomichnyi analiz – Economic analysis, 21, 1, 225-230 [in Ukrainian].

2. Hovorushko, T.A., & Obushna, N.I. (2013). Sutnist priamykh inozemnykh investytsii ta yikh klasyfikatsiia [The essence of direct foreign investments and their classification]. dspace.nuft.edu.ua. Retrieved from: http://dspace.nuft.edu.ua/ jspui/bitstream/123456789/10871/1/20134.pdf [in Ukrainian].

3. Honcharuk, I.V. (2017). Rol finansovoho planuvannia u rozvytku maloho i serednoho biznesu [The role of financial planning in the development of small and medium-sized businesses]. Efektyvna ekonomika – Efficient economy, 9. Retrieved from: http://www.economy.nayka.com.ua/?op=1&z=5770 [in Ukrainian].

4. Hontaruk, Ya. V. (2015). Stan ta perspektyvy zaluchennia investytsii v pidpryiemstva pererobnykh haluzei APK Vinnytskoi oblasti v umovakh hlobalizatsii [State and prospects of investment attraction in enterprises of processing branches of agricultural industry of Vinnytsia region in conditions of globalization]. Ekonomika, finansy, menedzhment: aktualni pytannia nauky i praktyky – Economics, finance, management: topical issues of science and practical activity, 4 (4), 120-127 [in Ukrainian].

5. Ihnatenko, O.P. (2019). Zastosuvannia investytsiinykh instrumentiv na mistsevomu rivni [Application of investment instruments at the local level]. Investytsii: praktyka ta dosvid – Investments: practice and experience, 5, 74-79. DOI: 10.32702/2306-6814.2019.5.74 [in Ukrainian].

6. Kaletnik, G.M., Danylenko, A.S., Varchenko, O.M., & Tsikhanovska V.M. Finansovyi menedzhment [Financial management]. Kyiv: Khai-Tek Pres [in Ukrainian].

7. Tokarchuk, D.M. (2016). Investytsiine zabezpechennia vyrobnytstva biohazu silskohospodarskymy pidpryiemstvamy Ukrainy [Investment support for biogas production by agricultural enterprises of Ukraine]. Ekonomika, finansy, menedzhment: aktualni pytannia nauky i praktyky – Economics, finance, management: topical issues of science and practical activity, 12 (16), 26-35 [in Ukrainian].

8. Tomashuk, I.V. (2019). Monitorynh skladnykiv investytsiinoho potentsialu Vinnytskoho rehionu [Monitoring of components of investment potential of the Vinnytsia region]. Ekonomika, finansy, menedzhment: aktualni pytannia nauky i praktyky – Economics, finance, management: topical issues of science and practical activity, 8 (48), 184-195. DOI: 10.37128/2411-4413-2019-8-19 [in Ukrainian].

9. Pro rezhym inozemnoho investuvannia: Zakon Ukrainy № 93/96-VR (potochna redaktsiia vid 13.02.2021) [On the foreign investment regime: Law of Ukraine № 93/96-VR (current edition dated 13.02.2021)]. (March, 19, 1996). zakon.rada.gov.ua. Retrieved from: https://zakon.rada.gov.ua/laws/show/93/96-%D0%B2%D1%80#Text [in Ukrainian].

10. Pro Natsionalnu investytsiinu radu: ukaz Prezydenta Ukrainy № 950/2014 [On the National Investment Council: Decree of the President of Ukraine № 950/2014]. (December, 28, 2014). zakon.rada.gov.ua. Retrieved from: https://www.president.gov.ua/documents/9502014-18315 [in Ukrainian].

11. Pro vnesennia zmin do deiakykh zakonodavchykh aktiv Ukrainy shchodo skasuvannia oboviazkovosti derzhavnoi reiestratsii inozemnykh investytsii: Zakon Ukrainy № 1390-VIII [On the introduction of changes to some legislative acts of Ukraine regarding the abolition of mandatory state registration of foreign investments: Law of Ukraine № 1390-VIII]. (May, 31, 2016). zakon.rada.gov.ua. Retrieved from: https://zakon.rada.gov.ua/laws/show/1390-19#Text [in Ukrainian].

12. Pro stan inozemnoho investuvannia ekonomiky Vinnytskoi oblasti u 2021 rotsi: Departament mizhnarodnoho spivrobitnytstva ta rehionalnoho rozvytku Vinnytskoi ODA [About the state of foreign investment in the economy of the Vinnytsia Region in 2021: Department of International Cooperation and Regional Development of the Vinnytsia Regional State Administration]. dmsrr.gov.ua. Retrieved from: http://www.dmsrr.gov.ua/%D1%96nvesticz%D1%96jna-d%D1%96yaln%D1%96st/ [in Ukrainian].

13. Holovne upravlinnia statystyky u Vinnytskii oblasti: ofitsiinyi sait [Main Department of Statistics in Vinnytsia Region: official website]. vn.ukrstat.gov.ua. Retrieved from: https://www.vn.ukrstat.gov.ua/ [in Ukrainian].

14. Stratehiia rozvytku Vinnytskoi miskoi terytorialnoi hromady do 2030 roku: zatverdzheno rishenniam Vinnytskoi miskoi rady № 194 [Vinnytsia City Territorial Community Development Strategy until 2030: approved by Vinnytsia City Council Decision №194]. (February, 26, 2021). vmr.gov.ua. Retrieved from: https://www.vmr.gov.ua/media/Сервіси/Стратегія3.0/Стратегія розвитку ВМТГ до 2030 року - Стратегія 3.0.pdf [in Ukrainian].

15. Prohrama spryiannia zaluchenniu investytsii u Vinnytsku misku terytorialnu hromadu na 2021-2023 roky: zatverdzheno rishenniam Vinnytskoi miskoi rady № 55 [The program to promote the attraction of investments in the Vinnytsia city territorial community for 2021-2023: approved by the decision of the Vinnytsia City Council №. 55]. (December, 24, 2020). pleddg.org.ua. Retrieved from: http://pleddg.org.ua/wp-content/uploads/2021/01/Vinnytsia-Investments-Attraction-Program-.pdf [in Ukrainian].

16. Metodolohiia ta standarty zaluchennia ta suprovodu investoriv u Vinnytskii miskii terytorialnii hromadi: zatverdzheno rishenniam Vinnytskoi miskoi rady № 57 [Methodology and standards for attracting and supporting investors in the Vinnytsia City Territorial Community: approved by the decision of the Vinnytsia City Council № 57]. (December, 24, 2020). pleddg.org.ua. Retrieved from: http://pleddg.org.ua/wp-content/uploads/2021/01/Investors-Attraction-and-Support-Methodology-and-Standards-Vinnytsia.pdf [in Ukrainian].

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

 

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation
Key information:
ISSN (print): 2411-4413
DOI: 10.37128
All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.
 
The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.
 
The journal’s objectives are:
 • publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;
• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;
• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;
• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;
• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;
• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;
• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;
• integration of scientific research results into the international scientific space and increasing the level of scientific communication.
Publisher: Vinnytsia National Agrarian University
Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”
Frequency of issue: 4 times a year.
Language of publication: Ukrainian, English.
Editor-in-Chief: Inna Honcharuk
State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.
Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413
Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413
The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)
History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).