Eduard Yurii

Globalization and IT progress are expanding the possibilities of using various financial instruments to create a personal investment portfolio. The purpose of the study is to differentiate the investment portfolio by the level of income of Ukrainian citizens and its impact on the effectiveness of personal finance management. Analysis of indicators of state and current investment trends allowed identifying the optimal ratio of profitability and risk in financial decisions of individuals by diversifying the investment portfolio, creating personal reserves, localizing investment instruments and minimizing the use of credit resources.The result of the study is the development and justification of criteria that an investor should meet during the investing. In particular, the formation of an individual investment portfolio depending on personal income allows everyone to justify an effective personal investment policy, taking into account the available investment tools. The paper covers the approaches to the formation of a person’s investment portfolio, depending on the level of his or her income. The paper also examines the need to form an optimal investment portfolio, depending on the real financial opportunities of a person.

Introduction. One of the main factors that determines the competitiveness of products is the condition and quality of fixed assets. Fixed assets ensure the competitiveness of products by forming its quality characteristics and production costs. Physical and moral aging of the active part of fixed assets can cause loss of competitiveness of products. Restructuring can be one of the tools to increase the efficiency of fixed assets use. The purpose of the article is to determine the role of production and technological restructuring as a tool to improve the efficiency of using the fixed assets of the enterprise. Results. The approaches to the definition of restructuring related to fixed assets are summarized, the essence of production and technological restructuring is defined. The role of production and technological restructuring in ensuring the competitiveness of the enterprise and achieving organizational goals is determined. Theoretical approaches to determining the goals of production and technological management restructuring are analyzed. The importance of production and technological restructuring from the standpoint of improving the efficiency of fixed assets of the enterprise, as well as from increasing the competitiveness of products and financial stability is substantiated. The concept of production and technological restructuring is defined as a type of restructuring of fixed assets, which meets the strategic intentions of the enterprise, aimed at increasing the production potential of the enterprise, creating prerequisites for production of such quality that meets market requirements, optimizes costs and increases product competitiveness. The procedure of production and technological restructuring is offered and the essence of each of its stages is revealed. The use of production and technological restructuring is justified as a tool to increase the efficiency of using the fixed assets of the enterprise and ensure their timely modernization on an innovative basis. Conclusions. Production and technological restructuring allow to provide qualitatively new transformations of fixed assets, which will provide a new stage of development of the enterprise, creating prerequisites for increasing the efficiency of production activities and achieving enterprise’s goals. Keywords: production and technological restructuring, fixed assets, management, management tools.

Ukraine, as a young country, is creating the investment market, which is the most important component of the national economy under the challenges and threats of the XXI century, instability and hybrid war. The study aims to analyze the investment climate and investment attractiveness of Ukraine and to identify key indicators through the political, legal, economic, social, and other conditions under which its investment market will become attractive. The dynamics investigation of foreign direct investments (FDI) inflows into Ukraine during 2002–2018, their structural analysis enabled to identify the periods of the most significant fluctuations and to state the reasons for such changes, to differentiate priority sectors of the Ukrainian economy being of financial interest to foreign investors, which is as a whole the basis of the attractive investment climate formation and management in the country.The methods of financial management system, including the method of SWOT analysis, were applied to determine investment weaknesses, threats, strengths and opportunities, considering the peculiarities of their management.As a consequence of the analysis on the reasons for the reduction of foreign investments in the country economy, it is proved that the proposed mechanism for improving the investment climate in the country will allow increasing FDI inflows and financing the general capital investments.

Since the beginning of the administrative and territorial reform in Ukraine, the financial decentralization process has been intensified. It aims at optimizing the budgetary resource redistribution in order to make communities financially independent. This significantly increases the financial capacity for self-organization and self-development of a united territorial community, which determines the need to apply valuation methods to increase the territory’s investment attractiveness.The article outlines the peculiarities of the united territorial communities (UTCs) management under fiscal decentralization, taking into account the need to apply current methods of value-oriented management. At the same time, the use of SWOT analysis as one of the methods of value-oriented management made it possible to evaluate the efficiency and attractiveness of UTCs under decentralization. The financial activity of 665 UTCs was analyzed and the model for managing the united territorial community was created. It is emphasized that the modern understanding of financial support for united territorial communities remains unresolved today, and the expediency to introduce changes in the UTC, which envisage using the subsidiarity principles, is not justified.The key directions for managing the UTCs are identified. This refers to communities that began their activities and already faced the first challenges: management of available resources, provision of needs and sustainable development of the community, changes in the ratio of their income and expenditure components, increase in the budget income per capita.It is recommended to focus on tools of value-oriented management in the united territorial communities in order to attract investors and increase the financial capacity of local authorities.