Financial and economic state the machine-building enterprises of Ukraine

Abstract

The paper studies the current financial and economic condition of the machine-building enterprises of Ukraine. The analysis showed that the national machinery is in a difficult financial situation: the lack of effective government support for the industry-established domestic markets, the necessary investment in fixed assets, etc. Marked unsatisfactory innovation and technical condition and low efficiency of utilization of capital assets machinebuilding enterprises, a significant reduction in investment in technical upgrading. Production of domestic machine-building enterprises cannot compete with foreign manufacturers, companies need to diversify production and release of innovative products. Implementation in practice of the operation of the machine-building enterprises innovation is anecdotal, not consistent with the concept of adaptation to rapidly changing business conditions. Ensuring the development of engineering requires companies applying new forms of interaction with contractors, engineering enterprises cooperation within holdings and groups to further develop and implement mechanisms to ensure close relationships with contractors in the stabilization of economic activity, preventing financial and economic losses, as well as in the areas of innovation, promote products, minimize production and nonproduction costs.