Aliiev R., Orlovskaya Y. Intensification of foreign trade in construction services in Ukraine.

Abstract

The problems of Ukraine's foreign trade in the construction market have been analyzed. It has been determined that despite the high rate of construction services in Ukraine in recent years, the domestic market is still not saturated - there is still a significant need for housing, recreational facilities, objects of civil engineering, residential and commercial facilities. Therefore, the first step is to develop the domestic market for construction services and bring it to a certain stage of saturation, which, in turn, is impossible without a sound strategy for development of the construction industry. It is proved that creating a state strategy for entering the international market of construction services for Ukraine requires an assessment of the economic and social benefits of increasing export and import of certain types of services. That is, at this stage of development of the Ukrainian economy as a whole and in accordance with the current level of saturation of the domestic construction market, the most profitable state strategy is to concentrate not on exporting, but rather on importing this kind of services, necessarily taking into consideration the innovative component that ensures compliance with international standards of life. A strategy for innovative development of the construction industry in Ukraine aimed at increasing competitiveness on the international market is proposed. It is proved that greater coordination of construction companies' efforts, investors, regional and national authorities should be prioritized to support the construction market transformation in modern conditions, as well as to develop a common program of action, including a public-private partnership.