RESEARCH ON THE ROLE OF INVESTMENTS IN ENSURING SUSTAINABLE DEVELOPMENT OF MACHINERY ENTERPRISES IN EUROPEAN UNION COUNTRIES
Authors: Levytska Inna V. ,   National University of Life and Environmental Sciences of Ukraine, Klymchuk Alona O. , Kozhushko Svitlana P. , Klymchuk Oleksandr V. ,   Zhytomyr Polytechnic State University,   Alfred Nobel University,   Vinnytsia Mykhailo Kotsiubynskyi State Pedagogical University
Published: July 2024

Relevance. Enhancing the development of the machinery manufacturing sector significantly contributes to realizing sustainable economic development goals, thereby fostering sustainable growth opportunities across various scales, ranging from local to global. The active advancement of the machine-building sector, which serves as the foundation for sustainable societal progress, demands careful consideration of key factors for the effective operation of machinery manufacturing enterprises with investments being one of the foremost. This highlights the imperative for comprehensive research into the tangible impact of investments in securing the sustainable growth of machine-building businesses. Objective. The paper targets the conduct of analytical research on investment practices and approaches adopted by machine-building enterprises in European Union countries to specify the key investment factors for their sustainable development. Methods. The research is based on both general scientific and specialized methods of economic theory, including methods of theoretical synthesis and comparative analysis. Throughout the research, statistical data from the European Union regarding the operation and performance of machinery manufacturing enterprises were utilized and processed using analysis methods, including comparison, grouping, calculation of averages, and absolute growth. Furthermore, a rating methodology was implemented to identify European Union member states exhibiting the most favorable indicators about the status and dynamics of the machine-building industry. Results. A comprehensive analysis of contemporary scholarly advancements regarding the examination of the role of investments and effective methodologies for their implementation within the machine manufacturing industry was conducted. A grouping of 22 European Union member states was undertaken based on the criteria of the number of machine-building enterprises and indicators of its absolute growth over a ten-year temporal span. The 22 EU member states are grouped by the parameters of the number of machine-building enterprises and their absolute growth over a tenyear period. The average revenue and gross income per enterprise in the selected countries of the European Union’s machinery sector were studied, and based on the results, a ranking was conducted. Utilizing the established ranking of the top selected countries, a comprehensive analysis of key investment indicators was conducted, focusing on parameters that include investments in tangible assets, machinery and equipment, as well as human resources. An overview of investment practices by machinery manufacturing enterprises was undertaken, resulting in the identification of their respective strengths and weaknesses.