The role of foreign investment in tourism for the amalgamated territorial communities

The article analyzes the tourism development state for the amalgamated territorial communities. The prospects for the tourism sector development as well as the involvement conditions of a foreign investor are considered. The role of the tourist and recreational sphere in the territorial community development is determined. The positive and negative effects of the tourism and recreation development for the territorial communities in Ukraine are determined. Capital investments in the tourist and recreational sphere of the regions in Ukraine are analyzed per person in 2013-2018. The State Strategy for Regional Development until 2027 is considered and strategic priorities for the tourism development in the amalgamated territorial communities are identified. It is established that the effect of internal and external investments has a direct impact on the tourism development in the amalgamated territorial communities as well as is the basis for filling local budgets. Keywords: investment, decentralization, amalgamated territorial community, tourism, Ukraine. JEL classification: Н23, Н61, Н73