INSTITUTIONAL SUPPORT FOR INVESTING IN CRITICAL INFRASTRUCTURE OBJECTS IN UKRAINE
INSTITUTIONAL SUPPORT FOR INVESTING IN CRITICAL INFRASTRUCTURE OBJECTS IN UKRAINE
Author(s): Dmytro Zatonatskiy, Maksym LavrentievSubject(s): National Economy, Supranational / Global Economy, Financial Markets, Russian Aggression against Ukraine, Russian war against Ukraine
Published by: Oikos institut-Istraživački centar Bijeljina
Keywords: investment; foreign direct investment; critical infrastructure; critical infrastructure facilities; investment in critical infrastructure; state investment policy;
Summary/Abstract: Investment in critical infrastructure objects in conditions of military conflict and against the backdrop of the destruction of such infrastructure is associated not so much with economic growth as it is with the survival of the country today. Due to the need to restore critical infrastructure objects through foreign investments, the foundation is laid for unhindered investment in conditions of a state of war, as well as further post-war reconstruction of the country. The purpose of the article is to analyze the state and prospects of institutional support for investment in critical infrastructure objects. It is established that the system of regulation of investment relations in Ukraine is practically formed; it includes various norms contained in different sources and differing in their legal nature. However, this system was formed in peacetime and is mostly aimed at ensuring investors’ subjective rights and fulfilling their legal obligations during that period. The conducted analysis indicates the need for the adoption of new legislative acts that will transmit the national approach to investment in ensuring the stability and restoration of critical infrastructure. State institutions and regulatory acts should not only carry out control measures regarding the management of investment processes but also create favorable conditions for stimulating investment inflows. The main focus should be shifted towards reducing investment risks and creating attractive conditions for investment.
Journal: COLLECTION OF PAPERS NEW ECONOMY
- Issue Year: 1/2023
- Issue No: 1
- Page Range: 149-163
- Page Count: 15
- Language: English