Issue: № 4, 2026
Doi: https://doi.org/10.37634/efp.2026.4.1
The current stage of Ukraine's development coincides with the acceleration of global changes, which put forward completely different requirements: transferring the economy to the rails of innovative development and entering new markets. This can be recognized as a key condition for ensuring the country's sovereignty and competitiveness in the international arena. In this paper, the author has studied the system of economic and legal instruments that stimulate investment activity in conditions of martial law and European integration processes. The current state of investment legislation in Ukraine has been analyzed and the main problems have been identified. The purpose of the paper is to classify incentive instruments and identify barriers to their implementation. The results of the study reflect an analysis of direct and indirect means of influencing the attractiveness of territories for investment. The conclusions substantiate the need to harmonize national standards and norms with European law in order to create a transparent investment environment. This paper conducted a consistent analysis of the state of investment legislation in Ukraine and identified direct (state guarantees, targeted financing, tax breaks for industrial parks) and indirect (digitalization of administrative services, infrastructure development, deregulation) means of influencing investment policy and the attractiveness of both specific territories and the state as a whole. Special attention was paid to the structure of the legal regime of the investment process in the event that the country is under martial law. In particular, the emphasis was placed on mechanisms for insurance of risks in wartime and protection of the rights of foreign investors. Special attention was paid to the structure of the legal regime of the investment process in the event that the country is under martial law. In particular, the emphasis was placed on mechanisms for insurance of risks in wartime and protection of the rights of foreign investors.
Keywords : economic and legal instruments, state guarantees, harmonization of legislation, European integration, digitalization
References:
1. Strategic directions of development of the agro-industrial complex in the conditions of globalization: materials of the All-Ukrainian scientific-practical conference (Kyiv, November 17, 2021). Kyiv, 2021. 350 p. URL: https://dnsgb.com.ua/assets/files/naukovi_konferencii/materialy-konferencii-2021-11-17.pdf (in Ukrainian).
2. On innovative activity: Law of Ukraine dated 07/04/2002 No. 40-IV. Bulletin of the Verkhovna Rada of Ukraine. 2002. No. 36. Art. 266. URL: https://zakon.rada.gov.ua/laws/show/40-15 (in Ukrainian).
3. Innovations. Terms and definitions: DSTU 31279:2005. [Valid from 2006-07-01]. Kyiv, 2006. 12 p. (in Ukrainian).
4. Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation. Paris, 2018. 306 p.
5. Schumpeter J.A. Theory of economic development. Research of profit, capital, credit, interest and economic cycle. Kyiv, 2011. 242 p. (in Ukrainian).
6. Tax Code of Ukraine: Law of Ukraine dated 02.12.2010 No. 2755-VI. Bulletin of the Verkhovna Rada of Ukraine. 2011. No. 13–14. Art. 112. (in Ukrainian).
7. Orlyuk O.P. Financial and legal foundations of investment activity in Ukraine: monograph. Kyiv, 2022. 312 p. (in Ukrainian).
8. Sydorenko V.M. Corruption risks in the public administration system: legal analysis. Bulletin of economic law. 2025. No. 4. pp. 40–52. (in Ukrainian).
9. Miller J., Anderson P. Political Risk Insurance: International Standards and Domestic Practice. London, 2024. P. 89.
10. Melnyk A.P. European integration of investment law: challenges and opportunities for Ukraine. Kyiv, 2026. P. 210. (in Ukrainian).
11. Smith K., Jones R. Blockchain and the Future of International Contract Law. New York, 2025. P. 88.