Peculiarities of investment support for industries in the current environment

Abstract

The research relevance is determined by the need to study and solve problems related to investment support of industries in modern conditions to ensure sustainable and efficient functioning of the country’s economy and strengthen its competitiveness in the international market. The study aims to analyse modern strategies of investment support of industries to identify their effectiveness and develop recommendations for optimizing this process in the context of current economic conditions. The study employed analytical, statistical and comparative methods. The study addresses the importance of investments for industrial development and their impact on the country’s economy and its competitiveness in the international arena. The study emphasized that investments contribute to the expansion of production and the introduction of new technologies, which increases productivity and product quality. The main recommendations of the article relate to improving the investment environment, by simplifying administrative and legal procedures and fighting corruption, developing infrastructure, protecting investors’ rights and stimulating innovation. The influence of economic, social, political and environmental factors on the investment climate in industry was addressed. The study noted that technological competition, environmental requirements and political instability are key challenges that affect investment support for industry. The investment situation in Ukraine was examined on the example of Metinvest and Kernel. Both companies are successfully attracting investment to develop their infrastructure capabilities and improve services. The article concludes that it is necessary to create favourable conditions for investment and accelerate industrial development in Ukraine by improving the investment climate, stimulating innovation and attracting foreign investment. The practical significance of the study lies in the development and implementation of strategies and measures aimed at improving the investment climate and ensuring the sustainable development of industries, which will contribute to the growth of the country’s economy and increase its competitiveness