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

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 8 (48)

Published: 2019.09.17

DOI: 10.37128/2411-4413-2019-8

Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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MONITORING OF COMPONENTS OF INVESTMENT POTENTIAL OF THE VINNYTSA REGION

DOI: 10.37128/2411-4413-2019-8-19

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TOMASHUK Inna – Lecturer of the Department of Analysis and Statistics, Vinnytsia National

Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: tomashuk.inna@ukr.net).

Annotation

One of the indicators that reflects the stable economic development of certain sectors of the economy, as well as the country's economy, is the investment attractiveness of the regions as a whole. In this content, the key task of the current government is the development of Vinnytsia regions and strengthening its economic potential. An important factor in economic growth is investment. For Ukraine in general and the Vinnytsia region, the issue of attracting foreign investments is particularly important and relevant, as they have a significant impact on the economic development of the country as a whole and directly in the Vinnytsia region. Unfortunately, the largest degradation in Ukraine is currently undergoing investment activity. The deterioration of the investment climate, the possibilities of budgets of all levels, and the reduction of business activity of business entities have led to the difficult situation of the investment sector. In the context of globalization, Vinnytsia's economic development is closely linked to an increase in its investment attractiveness, especially for foreign investors. Investment attractiveness is a qualitative and quantitative description of the internal and external environment of the facility of possible investment. The main essence of investment attractiveness is the implementation of the strategy of maximizing returns on capital invested. Therefore, for today, when developing and adopting investment decisions, a foreign investor relies on research on the competitiveness of a regional economy, and specifically focuses on regions that are more attractive. It is determined that the investment attractiveness of Vinnytsya Region is the region's compliance with the main objectives of investors, consisting of the profitability, risk-free and liquidity of investments and the level of satisfaction of financial, industrial, organizational and other requirements or interests of the investor in a particular region. It is stressed that the high investment attractiveness of the region allows attracting large investments for its development and guarantees a profit for investors. It was investigated that there are objective and subjective reasons of low investment attractiveness of Ukrainian regions. It is stated that the main problems of the development of the Vinnytsia region that impede the harmonious development of the region are the limited investment resources of enterprises for modernization of production, high proportion of employed in the informal sector of the economy, insufficient supply of jobs in rural areas, inappropriate use of land resources, low level of professionalism representatives of civil society institutions.Investment attractiveness is the main condition for the investment climate of the Vinnytsia region, as it is the level of satisfaction of financial, industrial, organizational and other requirements or interests of the investor with respect to a specific object, which can be determined or evaluated by the values of the relevant indicators, including the integral assessment. Vinnitsa region is an investment attractive region, because it has a strong industrial and scientific potential, developed transport infrastructure, favorable geographical location in relation to the markets of Ukraine and CIS countries, the EU. Vinnytsia region may potentially be one of the leading regions in attracting foreign investment. This is facilitated by its huge domestic market, relatively skilled and at the same time cheap labor, significant scientific and technical potential, large natural resources and the availability of infrastructure, although not too developed. An analysis of the results suggests an improvement of the investment climate in the region for foreign investors. But there is a need to increase the investment attractiveness of Vinnytsia through the implementation of state policy in the field of regulation of investment activity.

Keywords: investment, investment climate, investment potential, investment attractiveness, strategic planning, efficiency.

List of references

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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).