The challenges connected with attracting foreign investments into the agricultural sector of the Ukrainian economy as well as diversification of forms of international investments are actual due to the immediate needs of realization of innovative development, technological upgrading and strengthening of agricultural sector attractiveness on the world market. Current situation and problems connected with attracting foreign investments into the agricultural sector of the Ukrainian economy are revealed. It is detected that level of attracting foreign investments into the agricultural sector of Ukraine and into AIC together don’t meet the needs of its innovative potential. The following factors of agricultural sector attractiveness have been considered: high soil fertility and favorable weather conditions for growing crops; export capacity; high yield of the Ukrainian farming companies; undervalued assets and low level of capitalization of agricultural companies; attractive tax regime for agricultural producers. It is recommended that agricultural producers should indicate these factors in investment proposals and projects that they present to potential international investors. State investment policy in the agricultural sector is viewed to consolidate the resource base and the sources of investment have been determined. Suggestions to expand the financing mechanisms for investment projects in the agricultural sector involving angel investors have been justified. Economic feasibility of attracting foreign investments for financing of innovation activity of farming companies has been revealed. The key requirements and main stages of investments of angel investment association have been described.
Keywords. Foreign investment attraction, agricultural sector of the Ukrainian economy, investment attractiveness, the mechanisms for investment projects financing, venture financing, international investment collaboration.
DOI: http://dx.doi.org/10.17721/1728-2667.2014/159-6/7
References
- Agriculture. Industry overview. By Deloitte. [Elektronnyi resurs] – Rezhym dostupu: http://investukraine.com/wpcontent/uploads/2011/10/Agri_www.pdf.
- Opportunities of Ukrainian agriculture. Presentation. By Oleg Nivievskyi and Anna Kuznetsova. KSE Alumni Congress, May 25, 2012 [Elektronnyi resurs] – Rezhym dostupu: http://www.kse.org.ua/ru/search/?q= Opportunities+of+Ukrainian+agriculture.
- The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players (EBAN) [Elektronnyi resurs] – Rezhym dostupu: http://www.eban.org/.
- Vedennia ahrarnoho biznesu v Ukraini. 2013 rik. Ukrainskyi klub ahrarnoho biznesu [Elektronnyi resurs] – Rezhym dostupu: http://apd-ukraine.de/wp-content/uploads/2012/12/Doing2013_1_for-web.pdf.
- Kovalishyn P. Instytut “Biznes-anheliv” u SSHA ta Evropi. Suchasnyi stan.//Ekonomist. – 2010 rik. – №8. [Elektronnyi resurs] – Rezhym dostupu: http://archive.nbuv.gov.ua/portal/soc_gum/ekonomist/2010_8/52-55.pdf.
- Desiak S. Neformalnyi rynok venchurnogo kapitalu: biznes-anhely [Elektronnyi resurs] – Rezhym dostupu: http://www.ek-ua.com/business-angels.htm.
- Nimetsko-ukrainskyi ahropolitychnyi dialoh.// Ohliad ahrarnoho zakonodavstva. Vypusk №7/2013. [Elektronnyi resurs] – Rezhym dostupu: http://apd-ukraine.de/wp content/uploads/2013/09/APD_LR_7_2013_ukr.pdf.
- Silske hospodarstvo Ukrainy // Derzhavna sluzhba statystyky Ukrainy [Elektronnyi resurs] – Rezhym dostupu: http://www.ukrstat.gov.ua/.
- Zovnishnia torhivlia tovaramy ta posluhamy // Derzhavna sluzhba statystyky Ukrainy [Elektronnyi resurs] – Rezhym dostupu: http://www.ukrstat.gov.ua/.