INNOVATION AND INVESTMENT PROVISION OF DEVELOPMENT OF AGRARIAN SECTOR OF ECONOMY OF UKRAINE

The article analyzes the problem of investment and innovation provision of the agrarian sector of the economy of Ukraine. Our country has a significant potential for the development of the agricultural sector due to the large areas of agricultural land and favourable natural and climatic conditions. Investments in modern technologies, high-quality seeds and agrochemicals improve and maximize this potential. The key aspects that contribute to the stimulation of investments and innovations in the country’s economy and contribute to the development of a favourable investment climate, the encouragement of innovative ideas, the study of priority areas for investments, the provision of financial support, etc. have been identified. The priority areas of investment support that will allow to ensure the development of innovation potential are highlighted and the main types of the effects from the application of innovations in the agricultural sphere are characterized. The basic components of investment support for the competitive development of the agrarian sector of the economy are defined, which indicate various sources of investment income of private, state, and international capital. The advantages and disadvantages of sources of investment income and ensuring the competitive development of branches of the agrarian sector of the economy are given. The costs of the scientific research and development by types of work and the dynamics of the number of innovatively active enterprises by types of economic activity in Ukraine were analyzed, the share of innovatively active enterprises in the total number was determined. The sources of financing innovative activity of enterprises of the agrarian sector of the economy of Ukraine are characterized. Innovation and investment mechanisms for ensuring socio-economic development, which affect the formation, development and effectiveness of the innovation and investment environment, are considered. The rating of the «Global Innovation Index» and the position of Ukraine in it, as well as the general principles of investment policy, are given. It was determined that innovative and investment support for the development of the agricultural sector of economy of Ukraine is not only relevant, but also an urgent task to ensure a sustainable and successful future.