UDC 330.322.16:332(045); JEL O18, O20, R58, R50, R10
Tsynalievska, I. A. (2025). Orhanizatsiyne zabezpechennya vidboru proyektiv publichnykh investytsiy na rehional'nomu ta lokal'nomu rivnyakh [Organizational support in selecting public investment projects at regional and local levels]. Rehional'na ekonomika - Regional Economy, 118 (4), 36-44. DOI: https://doi.org/10.36818/1562-0905-2025-4-3 [in Ukrainian].
Sources: 5

Authors



Tsynalievska Iryna Antonivna

Ph.D. of Economics

Senior Researcher of the Department of development of regional economic systems of the Institute of Market and Economic & Ecological Researches of the National Academy of Sciences of Ukraine

Contacts: tsynalievska.i@gmail.com

Webpages:

Resume

The article explores the organizational foundations for the selection and financial management of socio-economic development projects at the regional and local levels within the framework of public investment reform in Ukraine. It highlights the institutional prospects for newly established units within regional state administrations and local self-government bodies tasked with managing public investment processes, particularly in the domains of expert evaluation and sectoral analysis. A comprehensive system of measures, procedures, and resources is examined, aimed at fostering transparent, evidence-based, and efficient expert activity. The author identifies specific responsible authorities for each procedural stage, thereby contributing to the institutional clarity and operational feasibility of the reform. As a key outcome of the study, the author proposes a model for a public investment project management team that integrates external expert and advisory support. The model delineates the roles, formats of participation, and influence mechanisms of involved institutions, which are categorized into two primary support functions: (1) information and consulting services, and (2) financial brokerage. Information and consulting services for the analytical components of regional and local development projects may be provided by regional institutes of the National Academy of Sciences of Ukraine specializing in regional economic development and spatial planning. Sector-specific expertise may be sourced from branch institutes of the National Academy of Sciences, specialized higher education institutions, local business associations, and regional chambers of commerce and industry. Financial mediation (brokerage) services, essential for securing co-financing of development initiatives, may be delivered by regional and local development agencies operating within the territories of project implementation. Additionally, industry associations, local business groups, and regional chambers of commerce and industry may contribute to financial intermediation.

Keywords:

regional development, territorial development, public investment, reform, territorial administration, spatial planning, public regional policy, state regional policy

References


1. Storonyanska, I. Z., & Benovska, L. Ya. (2021). Kredytno-investytsiyni chynnyky ekonomichnoho zrostannya rehioniv Ukrayiny v umovakh finansovo-ekonomichnoy turbulentnosti [Credit and investment factors of economic growth of regions of Ukraine in conditions of financial and economic turbulence]. Finansy Ukraiyny – Finance of Ukraine, 8, 81-99. DOI: https://doi.org/10.33763/finukr2021.08.81 [in Ukrainian].
2. Burkynskyy, B. V. (Ed.). (2016). Investytsiyno-innovatsiynyy rozvytok rehioniv Ukrayins’koho Prychornomor’ya [Investment and innovative development of the regions of the Black Sea region in Ukraine]. Odesa: Institute of Market and Economic&Ecological Researches of the National Academy of Sciences of Ukraine. [in Ukrainian].
3. Layko, O. I. (2015). Teoretyko-metodolohichni zasady rehulyuvannya transformatsiyi investytsiynoyi systemy Ukrayiny [Theoretical and methodological principles of regulating the transformation of the investment system of Ukraine]. (Dr.Sci. in Econ. Dissertation, Institute of Market and Economic&Ecological Researches of the National Academy of Sciences of Ukraine, Odesa, Ukraine). [in Ukrainian].
4. Zakharchenko, V. I., & Akulyushyna, M. O. (2012). Vyznachennya rivnya investytsiyno-innovatsiynoyi pryvablyvosti rehionu [Determining the level of investment and innovation attractiveness of the region]. Ekonomika: realiyi chasu – Economy: realities of the time, 3-4(4-5), 157-166. Retrieved from http://economics.opu.ua/files/archive/2012/n4-5.html [in Ukrainian].
5. Poryadok otsinky ta vidboru proyektiv rehional'noho rozvytku, yaki mozhut' realizovuvatysya za rakhunok koshtiv derzhavnoho byudzhetu, otrymanykh vid Yevropeys'koho Soyuzu [Procedure for evaluation and selection of regional development projects that can be implemented at the expense of state budget funds received from the European Union] (2017). Order of the Ministry of Regional Development, Construction and Housing and Communal Services of Ukraine, adopted on 2017, May 18, 121. Legislation of Ukraine: Website. Retrieved from https://zakon.rada.gov.ua/laws/show/z0891-19#Text [in Ukrainian].