Rating agency IBI-Rating informs on confirmation the rating of investment attractiveness of Kamyanets-Podilskyi town at invВВВ grade (sufficient investment attractiveness).
The confirmed grade of the rating of investment attractiveness of Kamyanets-Podilskyi town is due to its importance as a regional centre, as well as its being one of the most popular tourist centres of the country. The convenient geographical location, natural and climatic conditions, recreational and tourist potential, as well as its industrial potential, which provide additional opportunities for investors, are constrained by infrastructural problems, in particular, the obsolete engineering and transport networks and objects of housing and municipal economy, etc. Today, a part of such objects are being modernized and reconstructed, including with the participation of international financial organizations.
Actions aimed at increasing the level of administrative culture in the town and at improving the investment climate, along with the coordination of actions with the local authorities in solving the key issues of the town life, as well as comprehensive support of the local authorities to implementing of investment activities, create certain potential for growth of economic development indicators in a number of sectors of the economy. However, these opportunities are constrained by the lack of significant levers to provide benefits to investors.
The status of the second largest town of Khmelnitsky region determines high values of indicators of the social and economic development of Kamyanets-Podilskyi per capita within the region. As compared with the average indicators in Ukraine, they are mostly lower, although by the results of the 2016 year the growth rates of most of them were higher than the average ones in Ukraine (industrial output sold, foreign trade turnover, commissioning of housing, budget sufficiency).
The activity of foreign investors in the town is not high in the background of the reducing volume of foreign direct investments (mainly on account of exchange rates differences), which slowed significantly in 2016. Instead, in recent years, the volume of capital investments has continued to increase, with some increase in investments made from the local budget.
The town is inherent in good provision with establishments of health care, education and culture, as well as the objects belonging to the historical and cultural heritage.
Indicators of household incomes are below the average income level in the country. A decrease in the number of the actual population is observed.
A positive impact on the rating may have, as follows: improved regulatory framework and successful implementation of the basic programs of the town development, growth of most indicators of the social and economic development to the state level, improved state of the infrastructure. A negative impact on the rating may have, as follows: further depreciation of the infrastructure, decline of the indicators of the town development and investment climate, the reduced investment volume.
In order to perform the analytical research, the materials provided by Kamyanets-Podilskyi town were used, including: the indicators of social and economic development, materials of statistical bulletins; annual Treasury reporting, strategy of the town development, program materials, other necessary internal information, as well as the information from public sources, which the Rating agency believes to be credible.