Филатова О.А. Инвестиционная политика государства: направления и значение Кубанский государственный аграрный университет (имени И.Т. Трубилина) (Россия, Краснодар

The article proves that many scientists have studied the problems of providing investment incentives for the development of the industry, who, in particular, studied the state and prospects of foreign and domestic investment. The authors highlight key aspects of the investment process, in particular, that an important factor in building effective investment support not only in the economy, but also in any industry, are foreign investment and investment incentives. Given the above, the purpose of this study is to assess the development of investment in Ukraine based on the analysis of foreign experience of investment incentives and taking into account modern methods and technologies. Tax breaks are a popular form of investment support in the world. Today, Ukraine's closest neighbors, namely European countries, offer a wide range of investment incentives, making these countries increasingly attractive countries, including for foreign direct investment. There is a tendency to intensify competition between countries for new investment projects. Tax incentives for investment are commonly used by many countries, but most importantly, they are becoming an effective tool in countries that are Ukraine's closest neighbors and competitors for new investors. The absence or inadequate attention to such an instrument of support may jeopardize the establishment of a decent rating of Ukraine among foreign investors, even without taking into account other negative aspects in economic and political terms. Thus, today we can state two main problems in attracting foreign investment into the Ukrainian economy: the low level of investment attractiveness against the background of neighboring emerging market economies. To quickly improve this situation, attention should be paid to the most vulnerable indicators of international rankings. Until this issue is resolved, the food and other sectors will have difficulty attracting foreign investment; It is unprofitable for domestic resident investors to invest directly in domestic enterprises due to the unfavorable investment climate, which should be addressed at the state level through deregulation and changes in tax legislation. The scientific novelty of this work is the analysis of foreign experience in investment management by identifying investment incentives for development, which, in contrast to the existing, allows to determine the priority factors of investment development for Ukraine.

The development of the food industry in Ukraine is studied and it is noted that its material and resource provision, itseffective development directly depend on the volume, structure and direction of investment resources, innovation and finan-cial stability.It is noted that the excess of foreign direct investment over portfolio foreign investment in 2020, as a record low, can be attributed to active political action in Ukraine, the continuation of hostilities, as well as the introduction of quarantine re-strictions. The structure of portfolio foreign investment has an imbalance that does not lead to industrial development, but leads to an increase in domestic and external debt, as a significant part of investment is represented by debt instruments.The factors that influence the investment climate for the further development of the food industry are listed: the level of inflation; taxation system; financial stability of enterprises; political stability; judicial system and level of corruption; control over the use of investments; energy prices. Strategic and tactical goals for further development of the industry, means and tools to achieve the goal have been identified. The organizational and economic mechanism of development of the food indus-try and creation of cooperatives at the expense of venture financing at the conclusion of venture agreements is offered. The creation of regional cooperatives will help the domestic food industry to reach a new level of development and raise the level of the national economy.It was concluded that it is necessary to stabilize the political and economic situation in the country, to eliminatecor-ruption in the administration of investments; the state should develop and implement reforms that would stimulate investment in both the agricultural sector and the processing industry; the development of the industry should be comprehensive, world trends, domestic and external demand for certain types of innovation should be taken into account.

The purpose of the article is to develop the conceptual foundations of the investment support of the food industry of Ukraine on the basis of existing practice of statistical research. Methodology. The following analysis is carried out: evaluation of factors, overall assessment of the country's economic development prospects, absence of risks for investments due to military operations and other force majeure circumstances, stability of the legislative framework, etc. through interstate rating comparisons. Results. It is proved that the competitiveness of the country in the world market is not a sufficient condition for the development of investment support for the food industry. It is known that in the domestic market each industry competes with others for investment capital. Important factors, in this case, are: the capacity of the market, its growth prospects and the average level of profitability of economic activity. Thus, to attract both foreign and domestic investment, the food industry of Ukraine should correspond to a high level of these indicators, compared with other sectors of the economy. Within the framework of the developed concept this problem should be solved with the help of a multifactor model for assessing the competitiveness of the industry. Practical implications. According to calculations, the share of capital investments in the food industry in 2019 was 5.9% of their total volume in the economy. At the same time, food industry enterprises provided 8.2% of the country's gross domestic product and 11.6% of total production, including intermediate consumption. These comparisons show that today insufficient attention is paid to investment in this sector of the economy. Value/originality. The methods proposed in the article, unlike the existing ones, are based on the use of a set of economic and mathematical methods and models and allow for a quantitative assessment of the proposed solutions.

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