Экономические науки/4. Инвестиционная деятельность и фондовые рынки
Sabatovich
Y., Rudenko N.
Kharkiv national
automobile and highway university, Ukraine
Attraction of investments into
Dnepropetrovsk and Donetsk industrial regions
Today the
investment plays a considerable role for the development of small and big businesses
in the country. Without investments modern creation of the capital, maintenance
of competitiveness of commodity producers on the external and internal markets
is impossible. Thus the capital gain should be sufficient to compensate the
investor refusal to use their own means of capital, the consumption in the
current period, risk and compensation of losses from inflation in the future
period.
Investments
as an economic category carry out a number of the major functions without them
normal development economy of any normal state is impossible.
Investments
at the macro level are based on:
- realization
of a policy of the expanded reproduction;
- accelerations
of scientifically technical progress,
- improvement
of quality and maintenance of competitiveness of a domestic production;
- reorganization
structure of social production and
balanced development of all branches of a national economy;
- creation
of a necessary raw-material base of an industry;
- civil
building, development of public health services, culture, the higher and high
school, and also expansion of other social problems;
- softening
or permissions of a unemployment problem;
- environment
protection;
- conversion
of a military-industrial complex;
- maintenance
of defensibility of the state and solving of many other problems [1].
Investments
play an important role. At this level they are necessary first of all for
achievement of the following purposes:
- expansions
and manufacture developments;
- a
non-admission of excessive moral and physical deterioration of fixed capital;
- increases
of a technological level of manufacture;
- improvement
of quality and maintenance of competitiveness of production of the concrete
enterprise;
- realization
of nature protection actions;
- acquisitions
of securities and an investment of capital in actives of other enterprises;
- maintenance
of normal functioning of the enterprise in the future,
- stable financial condition and profit
maximization.
Thus,
investments are the major economic category and play a significant role as on macro,
and micro level, first of all for the simple and expanded reproduction,
structural transformations, maximization of profit is the basis of the decision
of many social problems [3].
If to
compare industrial regions such as the Dnepropetrovsk and Donetsk areas by the volume
of the involved investments at once it becomes clear, which investment is more attractive. However, "but" arises.
So the total indicator for the last dozen years will tell a little about it.
Large investments were made in 90s, and now the area has ceased to interest.
Therefore
we consider only current inflow of direct investments. As to industrial regions
like the Dnepropetrovsk and Donetsk areas there is a great concern. For last
three years Ukrsibbank with the foreign capital of the French bank BNP Paridas (400
thousand dollars of real direct investments), has entered into classification
of leaders thanks to purchase at the end of 2005. The Dnepropetrovsk area
provides a leading place with a good infrastructure, higher education and
innovations [2].
And as
to Donetsk area it has a poor development of innovations and formations. To
improve investment streams in this region it is necessary to create favorable
economic conditions for increasing a domestic production and rendering of
services at the expense of manufacture improvement at qualitatively new level
of use of modern technologies of processing, storage, packing, transportation
and realization of mechanical engineering production, food and light
industries, agriculture. It is necessary to give the state guarantees under
credits for participation in the international tenders, to stimulate domestic
machine-building export. The Dnepropetrovsk area needs to improve macroeconomic
indicators and efficiency of a labor market, but also we should not forget
about humanitarian indicators.
REFERENCES:
1. http://www.rainbow.gov.ua/
2. http://www.coe.int/t/dg1/grec
3. http://www.in.gov.ua/