Role of investments in formation of economic growth in the regions of Ukraine

Abstract

Investments play a huge role in the economy of any country. A necessary factor for attracting investment to the regions is the presence of a favorable investment climate in the country. The problems of increasing the investment attractiveness of regions and enhancing the investment activity of enterprises remain the most urgent. The role of investments in the overall financial system of Ukraine can hardly be overestimated. They play an important role not only in the development of economic activities of enterprises, but also have an impact on overcoming regional socio-economic problems, infrastructure development, and improvement of regional competitiveness indicators. In conditions of tough competition, it is investment resources that contribute to new construction, technical re-equipment, the development of innovative technologies, the expansion and reconstruction of production. The article analyzes the attraction of foreign investment at the regional level, identifies the most investment-attracted industries. The directions of investments in the analyzed regions are investigated. The foreign experience of several countries is analyzed. The negative reasons for the outflow of investments from the country have been identified. A number of recommendations are proposed to improve the investment attractiveness of regions.