from in the east country and also unpredictability of currency rate and instability of a
financial system of the country (5 points) (Fig. 5).
Despite negative factors, according to the received results of a research, Ukraine
remains potentially attractive state for attraction of the foreign capital in regional
development. So, despite negative factors, Ukraine remains potentially interesting by
the state for the investment attraction.
Figure 5. Assessment by foreign investors of obstacles to investment into
Ukraine on the level of their importance
In turn assessment of extent of influence of various risks on investment activities
of the enterprises of the region, in particular because of instability of weather climatic
conditions, environmental pollution, criminal activity, risk of loss of property, the
regional conflicts found weak or average influence.
Difference between areas in assessment of the impact of risks on investment
solutions of rather considerable. As well as in case of assessment of obstacles for
investment activities, entrepreneurs consider the most substantial risks those risks
which are directly connected with a situation in the market and general terms of
business. So, by the criterion“change of market condition” assessment of impact on
investment activities of the enterprises of the region in 2014 fluctuated within 3.0-
4.1;“Unfair contractors”—- at an average over the country in 4.5 points for Odesa and
Kherson region - 5.6-5.7 respectively, in exchange for the Mykolaiv Region—- 3.0
points“ Loss of property"— from 2.7 (The Mykolaiv Region). Up to 6.3 points (The
Kherson Region) of "The solution of local government" - it was also observed an
essential divergence from 4.9 for the Mykolaiv Region up to 8.0 for Kherson region of
points with an average for the country in 5.5 points.
Considering efficiency of investment which is estimated by the region at 6.42
points from 9 possible that is slightly higher than mean value over the country,
investment investments are performed during 2013-2015. Is rather successful. But, it
does not stipulate planned expansion of investment activities of the near-term outlook
3,7
4,4
4,6
4,6
4,6
5,6
5,6
5,9
7,5
8,5
0
2
4
6
8
10
Low purchasing power of consumers
Limit on capital movements and currency exchange
Complicated tax administration
Aggravating and volatile legislation
Repressive actions of law enforcement agencies
Unstable currency and financial system
Military conflict in the east of the country
Monopolization of markets and the seizure of
power by oligarchs
Mistrust of the judicial system
Widespread corruption
- 266 -