Issue №: 4 (62)
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.
IMPROVEMENT OF THE POLICY OF ATTRACTING FOREIGN DIRECT INVESTMENTS TO THE ECONOMY OF THE VINNYTSIA REGION AND THE VINNYTSIA CITY TERRITORIAL COMMUNITY
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).
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.
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].
About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).
The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)
The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)
The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.
The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
Objectives of the journal:
- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
- expanding partnerships with international scientific publishing organizations;
- enhancing the culture of reviewing and annotating published material;
- adherence to editorial ethics.
Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.
The cost of printing one page in professional editions of the university is 60 UAH.
An additional copy of the magazine with the mailing list costs 450 UAH.
Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "
It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)
According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
