Ukrainian IT-products market is rapidly growing over several past years with
annual increase over 25%. It consists of two main parts – IT outsourcing and delivering
IT products for the internal market.
Also the sector of aircraft building has a great potential. One of the positive
example of cooperation with foreign investors is that "Kharkiv State Aviation
Production Enterprise", which is part of the "Ukroboronprom", will receive orders for
mass production of aircraft in the amount of $ 150 million. Such agreements were
reached during the leading international exhibition Dubai Airshow 2017. First of all, it
is a question of serial production at the facilities of the state enterprise "Kharkiv State
Aviation Production Enterprise" of the Ukrainian An-74 in various modifications. In
turn, Oriole Capital Group will have the right to invest in the production, upgrading
and marketing of these aircraft. A key element of this strategic partnership is the
modernization of existing production, the full involvement of all 3000 specialists of
the Kharkiv enterprise, as well as a program for the modernization of aircraft and
avionics, which will help improve the operational capabilities of the An-74 aircraft. In
addition, the Kharkiv State Aviation Production Enterprise will receive orders for the
manufacture of spare parts for aircraft, maintenance and pilot training. The agreement
provides for the planning and implementation of the project within a significant period
of time. This means that the "Kharkiv State Aviation Production Enterprise" has
received a stable multi-year development plan, which ensures its efficient work,
expansion of production facilities, creation of new jobs and increase of profits, and, at
the same time, deductions to the budget of Ukraine. In addition, such cooperation is
positively developing an economic, political and trade partnership between the United
States and Ukraine by ensuring transparency and accountability of the Ukrainian
enterprise.
But a sector of R&D has a significant problems, especially in absence of linkages
of research firms and production companies.
Ukraine has a long-standing legacy of high-skilled scientists and engineers. In the
recent decades, the country’s science and technology base, however, has been on the
decline. Domestically, poor governance, weak institutions, and inefficiencies in the
allocation of public funds for innovation and research and development (R&D) are
among the main contributors to the decline of Ukraine’s science, technology, and
innovation (STI) base [3].
At 2017 the total expenditures for the implementation of research and
development by the organizations themselves amounted to 13379,3 million UAH.
According to preliminary calculations, the share of total expenditures in GDP was
0.45%, including at the expense of the state budget - 0.16%. According to 2016, the
share of expenditures on research and development in the GDP of the EU-28 countries
averaged 2.03%.
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