Technical and technological renovation of the Ukrainian food industry: factors of investment and innovation development

Kotkova Nataliya S. ()
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Kotkova Nataliya S.: Institute of Food Resources NAAS

The Problems of Economy, 2013, issue 4, 108_115

Abstract: Under conditions of globalisation of the food market, expansion of zones of free trade and unification of standards and technical conditions, the Ukrainian food industry requires technical and technological re-equipment, which is possible only on the basis of investment and innovation development. The process of technical and technological renovation of the food industry enterprises should be directed at intensification of production as the means of increase of efficiency of production and increase of competitiveness. Shortage of investments results in fast ageing of the technical and technological base of food industry enterprises, which explains incompatibility of the level of domestic enterprises and, consequently, domestic products with European requirements.

Keywords: technical and technological renovation; food industry; Global Innovation Index; innovation activity; investment and innovation provision (search for similar items in EconPapers)
Date: 2013
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