ANALYSIS OF CAPITAL INVESTMENT DYNAMICS IN UKRAINE

Capital investment plays an important role in ensuring sustainable economic growth. After all, they are a fundamental parameter of the reproduction process, which determines the possibilities of sustainable and long-term economic and social development of the country. The article is devoted to the analysis of the essence and main trends of capital investments in Ukraine, which play an important role in the development of Ukrainian enterprises, individual industries and the economy as a whole. The investment process occupies a leading place in the reproduction of the social product. The article analyzes capital investments by types of assets, considers their dynamics, in the course of this study it was found that more than 95% of capital investments are tangible assets. That is why special attention was paid to the study of capital investment in tangible assets. It is revealed what factors and phenomena influence the volume of capital investments in different types of assets, the tendencies of changes are analyzed. According to the results of the analysis, it was determined that the dynamics during 2010–2019 was positive, but the volume of capital investment is insufficient to ensure the normal development of economic processes. An analysis of the issue of sources of financing of capital investments was carried out, as a result of which it was found that the main source of financing of capital investments is the own funds of enterprises and organizations, and the share of all domestic investments is over 97%. This phenomenon is negative and indicates the reluctance of foreign investors to pursue investment policy in Ukraine, the reasons for this are also disclosed in the article, as well as proposed measures that will improve investment attractiveness. The volume of capital investments from the state (funds of the state and local budgets) has been changed, and the factors that influenced these changes have been considered. It also looked at how capital investment has changed in 2020 due to the Covid-19 pandemic, and which industries have suffered the most from underfunding. The article makes assumptions about the time required to return to the volume of capital investment at the level of 2019.