Articles

Global investment and financing of civil construction in Ukraine under martial law

• 
• 

User Rating:  / 0

PoorBest 

Details

Category: Content №2 2024

Last Updated on 01 May 2024

Published on 30 November -0001

Hits: 2302

Authors:

A.Fesun, orcid.org/0009-0002-1433-3087, Kyiv National University of Construction and Architecture, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

A.Tretiakova*, orcid.org/0009-0005-1652-6482, Interregional Academy of Personnel Management, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Ye.Lytovchenko, orcid.org/0009-0006-5739-3556, Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine

A.Maksiuta, orcid.org/0009-0002-5313-403X, Kyiv National University of Construction and Architecture, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

A.Velychko, orcid.org/0000-0002-2928-2393, Kyiv National University of Construction and Architecture, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

повний текст / full article

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2024, (2): 201 - 206

https://doi.org/10.33271/nvngu/2024-2/201

Abstract:

Purpose. To conduct a comprehensive analysis of investment relations, particularly in the context of investing in civil construction in Ukraine under martial law. It involves comparing financial models and restoration strategies successfully applied in other countries and determining their applicability in the Ukrainian context.

Methodology. The study employed statistical analysis and the “case-study” method, which involves planning the future based on past cases. This approach helped identify common challenges faced by all investors and explore possible solutions. The use of these methods yielded well-founded results and practical recommendations for improving investment relations in civil construction in Ukraine during wartime between different investment classes.

Findings. The study explored opportunities to attract international investments in civil construction amid the largest military conflict since World War II, which is a key element of effective housing recovery. Initiatives facilitating the adoption of eco-friendly technologies were examined, with financial support from the World Bank and IMF serving as essential resources. In the near future, the application of the “case-study” method, utilizing Ukraine’s experience and analyzing intellectual assets and developments, is proposed. Sources of funding that can contribute to civil construction development were also investigated and analyzed. The direct impact of military actions on the financial flows of each region was identified, indicating a significant outflow of funds from the country.

Originality. It is recommended to implement EU initiatives at the state level, providing opportunities for the application of eco-friendly technologies. New strategies for effective financial management during wartime are proposed for consideration by government agencies. This approach expands scientific knowledge in the fields of finance and construction management and enhances civil construction management overall.

Practical value. The research results can be utilized by private and public institutions, including the International Organization for Migration (IOM) in Ukraine, for the development of further emergency housing recovery projects for population use.

Keywords: civil construction, housing recovery, construction investment, international economy

References.

1. Chrostowski, G. (2023) Ukraina. Straty w kapitale ludzkim mogą obniżyć produktywność nawet o 7 %! Obserwator Gospodarczy. Retrieved from https://obserwatorgospodarczy.pl/2023/06/27/ukraina-straty-w-kapitale-ludzkim-moga-obnizyc-produktywnosc-nawet-o-7/.

2. Bigun, N. (2024). We propose foreign businesses to invest in Ukraine in sectors with the greatest growth potential. Ministry of Economy of Ukraine. Retrieved from https://www.me.gov.ua/News/Detail?lang=ukUA&id=4274ee88-2119-4cc5-9a3264f94efbe4be&title=ProponumoInozemnomu.

3. Kyiv School of Economics. Direct losses inflicted on Ukraine’s infrastructure during the war amount to nearly $63 billion. The total economic losses amount to $543–600 billion (n.d.). Retrieved from https://kse.ua/ua/about-the-school/news/zbitki-naneseni-infrastrukturi-ukrayini-v-hodi-viyni-skladayut-mayzhe-63-mlrd/.

4. OECD (2005). Policy of foreign direct investment in Lviv region, Ukraine. Global investment flows. Retrieved from https://www.oecd.org/cfe/leed/37068837.pdf.

5. Chernushov, V., Shynkarenko, V., Kovaliyova, I., & Okara, D. (2019). The current state of foreign investment in agriculture, forestry. Retrieved from http://www.agrosvit.info/pdf/21_2019/7.pdf.

6. Adamska, I. (2019). Current state and development trends of the construction industry of Ukraine. Galician Economic Bulletin, 5(60), 7-15.

7. Atroshchenko, O. (2021). Problems of attracting investments into the economy of Ukraine. Education and science of today: Intersectoral issues and development of sciences. European Scientific Platform. https://doi.org/10.36074/logos-19.03.2021.v1.03.

8. Balanska, O., Yemelyanov, O., & Melnyk, V. (2021). Indicator system of retrospective assessment of the riskiness of investing in residential construction. Scientific practice: Modern and classical research methods. European Scientific. https://doi.org/10.36074/logos-26.02.2021.v1.06.

9. Balanska, O. I. (2016). Typology of risks of the housing construction financing system. Bulletin of Mykhailo Ostrogradsky National University of Kremenchug, 4(99), 100-107.

10. Bukreeva, D. S., & Nosal, O. V. (2022). International financing and restoration of financial stability of Ukrainian enterprises in the post-war period. Efektyvna ekonomika, 12. https://doi.org/10.32702/2307-2105.2022.12.39.

11. Viter, O., Kylin, O., & Martyn, O. (2023). World experience of post-war economic recovery: An example for Ukraine. Theoretical and practical aspects of modern scientific research: II International Scientific and Practical Conference. April 28, 2023, Seoul, South Korea. https://doi.org/10.36074/logos-28.04.2023.02.

12. Goncharov, Yu. V., & Korotenko, V. V. (2022). Successive steps towards the recovery of Ukraine’s economy. Research on innovations and prospects for the development of science and technology in the 21^st century: Materials of the International Scientific and Practical Conference, (pp. 280-283). November 10, 2022, Rivne. Lviv–Toruń: Liha-Press. https://doi.org/10.36059/978-966-397-278-7-69.

13. Dzyubanovska, N., & Maslii, V. (2023). Foreign direct investments and their impact on the finances of business entities: Theoretical aspect. Transformational processes of the national economy in today’s conditions: materials of reports of the International Scientific and Practical Conference, (pp. 122-125). Kyiv, April 8, 2023. Lviv-Torun: Liha-Pres. https://doi.org/10.36059/978-966-397-296-1-26.

14. Zayats, V. S. (2019). Housing construction development as a factor of formation of housing conditions of population. Demography and Social Economy, 2(36), 137-151. https://doi.org/10.15407/dse2019.02.137.

15. Ivakhnenko, I. (2021). Prospects for the use of modern construction financing mechanisms. Economy and Society, 25. https://doi.org/10.32782/2524-0072/2021-25-26.

16. Kulakov, O. O. (2023). Foreign investments as a factor in the development of international relations. Reforming international economic relations and the world economy in modern conditions: materials of reports of the International Scientific and Practical Conference, (pp. 20-23), Uzhhorod, March 24–25, 2023. Lviv-Torun: Liha-Pres. https://doi.org/10.36059/978-966-397-295-4-4.

17. Latysheva, O., Rovenska, V., Smyrnova, I., Nitsenko, V., Balezentis, T., & Streimikiene, D. (2020). Management of the sustainable development of machine-building enterprises: A sustainable development space approach. Journal of Enterprise Information Management, 34(1), 328-342. https://doi.org/10.1108/JEIM-12-2019-0419.

18. Kryshtanovych, M., Akimova, L., Akimov, O., Kubiniy, N., & Marhitich, V. (2021). Modeling the process of forming the safety potential of engineering enterprises. International Journal of Safety and Security Engineering, 11(3), 223-230. https://doi.org/10.18280/ijsse.110302.

19. Sumets, A., Kniaz, S., Heorhiadi, N., Skrynkovskyy, R., & Matsuk, V. (2022). Methodological toolkit for assessing the level of stability of agricultural enterprises. Agricultural and Resource Economics, 8(1), 235-255. https://doi.org/10.51599/are.2022.08.01.12.

20. Lelyk, L., Olikhovskyi, V., Mahas, N., & Olikhovska, M. (2022). An integrated analysis of enterprise economy security. Decision Science Letters, 11(3), 299-310. https://doi.org/10.5267/j.dsl.2022.2.003.

21. Akimov, O., Karpa, M., Parkhomenko-Kutsevil, O., Kuprii­chuk, V., & Omarov, A. (2021). Entrepreneurship education of the formation of the e-commerce managers professional qualities. International Journal of Entrepreneurship, 25(7), 1-8.

22. Mia, M. M., Rizwan, S., Zayed, N. M., Nitsenko, V., Miroshnyk, O., Kryshtal, H., & Ostapenko, R. (2022). The impact of green entrepreneurship on social change and factors influencing AMO theory. Systems, 10(5), 132. https://doi.org/10.3390/systems10050132.

23. Nikonenko, U., Shtets, T., Kalinin, A., Dorosh, I., & Sokolik, L. (2022). Assessing the policy of attracting investments in the main sectors of the economy in the context of introducing aspects of industry 4.0. International Journal of Sustainable Development and Planning, 17(2), 497-505. https://doi.org/10.18280/ijsdp.170214.

24. Kovalko, O., Eutukhova, T., & Novoseltsev, O. (2022). Energy-related services as a business: Eco-transformation logic to support the low-carbon transition. Energy Engineering: Journal of the Association of Energy Engineering, 119(1), 103-121. https://doi.org/10.32604/EE.2022.017709.

25. Novak, A., Pravdyvets, O., Chornyi, O., Sumbaieva, L., Akimova, L., & Akimov, O. (2022). Financial and economic security in the field of financial markets at the stage of European integration. International Journal of Professional Business Review, 7(5), e0835. https://doi.org/10.26668/businessreview/2022.v7i5.e835.

• < Prev