Author
Listed:
- Оleksandr Shubalyi
- І. Hrynyk
Abstract
The article examines the trends of financial support for investment activities in the North-Western region of Ukraine, which includes Volyn and Rivne administrative regions, to identify problem areas and identify promising areas for investment intensification. Given the low level of economic development of these areas, ensuring their growth is seen in the need to attract additional investment, especially capital. To analyze the financial support of investment activities, it is advisable to focus on the study of capital investment, because such investments form the basis of tangible and intangible fixed assets, which will form the basis for further economic development of the North-West region. According to real estimates, the amount of capital investment depends on the economic situation in the country and is unstable. During the analyzed period, the main source of financing capital investments were the own funds of enterprises and organizations. During periods of economic instability, enterprises and organizations are projected to increase the share of capital investment from their own sources. The share of financing capital investments from the state budget was the smallest. The analysis of the dynamics of capital investments in environmental protection showed that the main areas of investment were return water treatment and waste management. It is concluded that in the following periods it is especially important for the North-West region to create favorable conditions for increasing capital investment in both tangible and intangible assets, as they will provide renewal of fixed capital on an innovative basis, which will increase competitive production domestically and externally. markets for products based on the involvement of a powerful natural resource potential of the brand in the region, which will ultimately help increase the level of its socio-economic development
Suggested Citation
Оleksandr Shubalyi & І. Hrynyk, 2021.
"Tendencies of financial support of investment activity in the northwestern region of ukraine,"
E-Forum Working Papers, Economic Forum, vol. 11(1), pages 107-115, January.
Handle:
RePEc:cuc:eforum:v:11:y:2021:i:1:p:107-115
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