CONDITIONS FOR FORMING QUALITATIVE FEATURES OF AN INTEGRATED INVESTMENT CLIMATE IN UKRAINE

Abstract

The article examines the formation of a high-quality integrated investment climate in Ukraine, which is accompanied by the creation and implementation of a set of favorable conditions, norms, institutions and practices that provide a stable, predictable and competitive environment for attracting both domestic and foreign investments. It is emphasized that the formation of a high-quality integrated investment climate should take into account factors of both objective and subjective nature, since in the process of analyzing the investment climate, key attention is paid to subjective conditions, which include: first, financial stability, which provides predictability for investors and reduces the risks of financial losses; second, the degree of compliance with the rule of law and order, including guarantees of property rights protection and the fairness of the judicial system; third, the level of development and accessibility of infrastructure facilities, both production (transport, energy, logistics) and social (housing, medical, educational); fourthly, the quality of the tax system and the level of tax burden, which determine the economic feasibility of investment activities; fifthly, the efficiency of the banking system and other economic institutions, which should ensure the stable functioning of the financial market, the availability of credit resources and the convenience of making payments. The presence of a number of interrelated economic, political and social factors has been proven, which hinder the formation of high-quality and full-fledged investment processes and worsen the general investment climate in the state. Together, these factors create an unfavorable, unstable, high-risk and difficult-to-predict environment for attracting and effectively using capital. The real possibility of forming a high-quality integrated investment climate by consistently overcoming systemic obstacles and barriers that arise at the intersection of the political-institutional, financial-economic, production-resource, innovation-technological, transport-logistics and socio-cultural environments has been confirmed.