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The state of financial support of investment activities of the tourism field enterprises in Ukraine

Author

Listed:
  • Tatiana Mayorova

    ("Kyiv National Economic University named after Vadym Hetman")

  • Svitlana Urvantseva

    ("Kyiv National Economic University named after Vadym Hetman")

  • Olena Shuplat

    ("Kyiv National Economic University named after Vadym Hetman")

Abstract

Bases on detailed analysis of official statistical data for 2010-2015, the amounts of capital investments sustained by tourism field enterprises, their rate of growth and share in overall country's amounts have been determined. It has been stablished that their level in Ukraine was 1.2% per annum which is insufficient if compared to global indicator being 4.3% out of total amount of investments. The dynamics of costs of state and local budgets based on functional classification has been provided and the place of budget financing to support the development of tourism has been determined. The amounts and dynamics of tourism field enterprises' revenue with positive balance have been revealed. The amounts of bank investment loans provided to the tourism filed enterprises have been defined, and the peculiar recommendations to activate them have been suggested. The dynamics of direct foreign investments attracted by the tourism field enterprises be means of share capital of non-residents have been studied.

Suggested Citation

  • Tatiana Mayorova & Svitlana Urvantseva & Olena Shuplat, 2016. "The state of financial support of investment activities of the tourism field enterprises in Ukraine," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 7, pages 3-7, July.
    • Handle: RePEc:uje:journl:y:2016:i:7:p:3-7
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