LEVERS OF INFLUENCE AND INCENTIVES FOR INCREASING INVESTMENT IN THE CONSTRUCTION SECTOR DURING THE POST-WAR PERIOD

Authors

  • Zoryana Hbur Doctor of Public Administration, Professor, Professor of the Department of Public Administration and Management at Hryhorii Skovoroda University in Pereiaslav https://orcid.org/0000-0003-4536-2438

DOI:

https://doi.org/10.31470/2786-6246-2025-12-53-62

Keywords:

public administration, investment policy, construction, capital investment, post-war recovery, infrastructure, state incentives, transformation

Abstract

The article substantiates the theoretical foundations and practical approaches to forming effective levers of influence and incentives for enhancing investment activity in Ukraine’s construction sector during the post-war period. A general upward trend in capital investment in construction in Ukraine has been identified. It was revealed that regional disparities in investment activity are largely driven by security conditions, levels of urbanization, the scale of destruction, and migration processes. Particular attention is drawn to the significant increase in capital investments in the western regions of Ukraine – specifically Lviv, Zakarpattia, Volyn, Ivano-Frankivsk, and Chernivtsi – which correlates with the influx of internally displaced persons and the development of humanitarian infrastructure. A decline in capital investment was recorded in traditionally active regions such as Kyiv, Kharkiv, and Dnipropetrovsk oblasts, due to military risks, infrastructure destruction, and the outflow of human capital. In certain central-western oblasts (Chernivtsi, Rivne, Khmelnytskyi), there is a noticeable trend toward the stabilization of the investment climate. The need for the development of special compensation mechanisms to stimulate investment in the affected regions is emphasized. The importance of integrating public-private partnership tools to ensure sustainable investment growth in the construction industry is highlighted. The significance of regional policy in shaping a favorable investment environment under conditions of post-war economic transformation is underlined. The strategic importance of developing the construction sector is defined, as it serves as a multiplier for reviving related economic sectors and ensuring social stability.

References

Shenher, M. I. & Hrinko, I. M. (2022). Zaluchennia priamykh inozemnykh investytsii u budivelnu haluz Ukrainy v period povoiennoho vidnovlennia ekonomiky [Attracting foreign direct investment into the construction industry of Ukraine during the post-war economic recovery]. SWorldJournal, 16-02, 35–38 [in Ukrainian].

Fisunenko, P. & Vakulych, M. (2024). Analiz stanu investytsiinoho klimatu Ukrainy kriz pryzmu proiektuvannia v sferi rekonstruktsii zhytlovoho fondu: perspektyvy v umovakh revitalizatsii ekonomiky [Analysis of the state of the investment climate of Ukraine through the prism of design in the field of housing reconstruction: prospects in the context of economic revitalization]. Shliakhy pidvyshchennia efektyvnosti budivnytstva v umovakh formuvannia rynkovykh vidnosyn – Ways to increase the efficiency of construction in the context of the formation of market relations, 2(53), 205–222 [in Ukrainian].

Topazly, R. (2025). Analiz vplyvu zakonodavchykh zmin na investytsiinu pryvablyvist ta efektyvnist realizatsii budivelnykh prohram v Ukraini [Analysis of the impact of legislative changes on the investment attractiveness and efficiency of the implementation of construction programs in Ukraine]. Naukovyi visnyk Vinnytskoi akademii bezperervnoi osvity. Seriia «Ekolohiia. Publichne upravlinnia ta administruvannia» – Scientific Bulletin of the Vinnytsia Academy of Continuing Education. Series "Ecology. Public Management and Administration", 1(7), 138–144 [in Ukrainian].

Ohorodnyk, V., Vartsaba, V. & Makarovych, V. (2023). Kapitalni investytsii v nerukhomist Ukrainy u suchasnykh realiiakh [Capital investments in real estate in Ukraine in modern realities]. Acta Academiae Beregsasiensis. Economics, 3, 258–270 [in Ukrainian].

Velychko, A.V. (2023). Finansuvannia budivnytstva v Ukraini: analiz suchasnoho stanu, tendentsii ta napriamy aktyvizatsii zaluchennia investytsiinykh resursiv [Financing construction in Ukraine: analysis of the current state, trends and directions for activating the attraction of investment resources]. Shliakhy pidvyshchennia efektyvnosti budivnytstva v umovakh formuvannia rynkovykh vidnosyn – Ways to increase the efficiency of construction in the conditions of the formation of market relations, 3(52), 144–157 [in Ukrainian].

Ekonomichna statystyka / Ekonomichna diialnist / Kapitalni investytsii. Derzhavna sluzhba statystyky Ukrainy [Economic statistics / Economic activity / Capital investments]. www.ukrstat.gov.ua. Retrieved from https://www.ukrstat.gov.ua/operativ/menu/menu_u/ioz_19.htm [in Ukrainian].

Document 32024D1447. Council Implementing Decision (EU) 2024/1447 from May 14, 2024 on the approval of the assessment of the Ukraine Plan. ST/9492/2024/INIT. https://eur-lex.europa.eu. Retrieved from https://eur-lex.europa.eu/eli/dec_impl/2024/1447/oj/eng [in English].

AdvantageUkraine. advantageukraine.com. Retrieved from https://advantageukraine.com/ua/ [Ukrainian].

UkraineInvest. ukraineinvest.gov.ua. Retrieved from https://ukraineinvest.gov.ua/ [in Ukrainian].

Pro zatverdzhennia Poriadku vykorystannia koshtiv, peredbachenykh u derzhavnomu biudzheti dlia zabezpechennia derzhavnoi pidtrymky realizatsii investytsiinykh proektiv iz znachnymy investytsiiamy: Postanova Kabinetu Ministriv Ukrainy [On approval of the Procedure for the use of funds provided for in the state budget to ensure state support for the implementation of investment projects with significant investments: Resolution of the Cabinet of Ministers of Ukraine № 468 from April 26, 2024]. zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/468-2024-%D0%BF#Text [in Ukrainian].

Deiaki pytannia derzhavnoho stymuliuvannia stvorennia ta funktsionuvannia industrialnykh parkiv: Postanova Kabinetu Ministriv Ukrainy; Poriadok, Forma typovoho dokumenta, Zaiava [Some issues of state stimulation of the creation and functioning of industrial parks: Resolution of the Cabinet of Ministers of Ukraine; Order, Form of a standard document, Application № 644 from June 04, 2024]. zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/644-2024-%D0%BF#n13 [in Ukrainian].

Published

2025-07-14

How to Cite

Hbur З. (2025). LEVERS OF INFLUENCE AND INCENTIVES FOR INCREASING INVESTMENT IN THE CONSTRUCTION SECTOR DURING THE POST-WAR PERIOD. Public Administration: Concepts, Paradigm, Development, Improvement, (12), 53–62. https://doi.org/10.31470/2786-6246-2025-12-53-62