The affirmed rating grade of Odesa city is due to the importance of the city as an economic center of the South of Ukraine. The high resource potential of the city, formed by favourable geographical location and advantageous natural and climatic conditions. The existing maritime transport hub creates competitive advantages and additional opportunities for investors. The city, as well as the whole of Ukraine, has a loyal ecological legislation with a minimum number of restrictions.
Consolidation of the city authorities, managerial potential, high degree of development of the engineering and transport infrastructure, even given its considerable obsolescence, contribute to keeping high economic development indicators, which have potential for further growth in a number of sectors of the economy.
The city has certain additional opportunities in the financial market due to the higher, than in other cities of Ukraine, level of development of financial institutions and moderate debt burden on the local budget. The city authorities take active measures for improving the business climate and conditions for the economic development, free inflow of investments to Odesa, which, among other, is achieved by improving the program documents, as well as by holding public events on the mentioned topics.
Odesa is in high indicators of the social and economic development, some of them exceed the average indicators per capita in Ukraine. The activity of foreign investors in the city is moderate, the ratio of FDI per capita is by 1.7 inferior than the average ratio in Ukraine and accordingly on 01.01.2018 amounted to USD 525 m. There is an increase in capital investments of enterprises and institutions, whose growth rates in 2017 were higher than the average rates in Ukraine.
The city is in good provision with establishments of health care, education and culture, as well as historical and cultural heritage objects; some of which, apart from the national significance, are also of the international importance.
A positive impact on the rating may provide: improvement of the regulatory framework and successful implementation of the basic programs of the city development, an increase in most indicators of the social and economic development to the national level, improved state of the infrastructure. A negative impact on the rating may provide: detection of complaints by investors on activities of the local authorities, decreased indicators of the city development, a reduction in investment volumes, deterioration of the environmental situation and further obsolescence of the infrastructure.
In order to conduct the analytical research, the materials obtained from Odesa city have been used, including: indicators of the social and economic development, treasury statements, indicators of the city social and economic development and the city budget, program materials, other necessary internal information, as well as the information from the public sources, which the Rating agency considers credible.