bluuebunny/crossref_metadata_2025 huggingface dataset:
Legal regulation of protection personal data in a special period
Authors: YEMELIANENKO Karim , BRYHINETS Oleksandr
Published: September 2024

The paper reveals the role and problems of determining the peculiarities of solving the problems of legal regulation of personal data protection in a special period as one of the conditions for the development of a modern democratic society. A detailed study of this issue was conducted, aspects of the regulatory environment and levels of personal data protection in such complex conditions were considered. Acceleration of the scale and intensity of collection and use of personal data by state bodies and economic entities to achieve the goals of their activities, as well as the expansion of opportunities and strengthening of incentives for unauthorized access to personal data and their abuse, causes the need for the state to use the most effective means and methods guarantee the right of individuals to protect their personal data. In a special period, the protection of personal data should be a priority task for the state, legal entities and individuals. Not only the information security of the state and its citizens depends on this, but also their rights and freedoms. The basic legal act regulating the protection of personal data in our country is the Law of Ukraine "On Personal Data", which aims to protect the rights and freedoms of citizens of Ukraine against improper use of their personal data. The law establishes rules for the collection, storage, processing and transfer of personal data, as well as responsibility for their improper use. In today's special conditions in Ukraine, a significant number of changes and innovations have been made to the current legislation in the field of personal data protection, a significant part of which restricts the activities of citizens. Only some of them are progressive measures aimed at the future, while others act only as a means of correcting modern uncoordinated norms and unresolved problems, which in the future may significantly hinder the building of a democratic and legal state in Ukraine, because, as historical experience shows, in special periods it is quite easy to introduce certain restrictions, but it is quite difficult to remove them afterwards. Special attention was paid to the need to develop and implement specialized legal acts that would regulate the protection of personal data in such emergency situations.
Analysis of the international competitiveness of domestic metallurgical enterprises
Authors: FAIZOVA Olha , MOTIAKIN Ihor , HUTSALOVA Viktoriia
Published: September 2024

Introduction. The relevance of the research topic is determined by the globalization trends of economic development, the growing competitive activity of enterprises, the increase in competitive tension in world markets, the formation of specific forms of competition.
The purpose of the paper is to determine and structure the factors of international competitiveness of domestic metallurgical enterprises at the mega-, macro-, meso- and micro-levels, to identify the most priority positions for winning and maintaining the market.
Results. Based on the analysis of the dynamics of metal products production during 2021-2023, the current state of operation of the largest metallurgical enterprises, the dynamics of foreign investments in the metallurgical industry of Ukraine, the main reasons for the deterioration of the competitive positions of the domestic MMC on the international market of metal products are determined. The negative and positive factors that determine the international competitiveness of MMC of Ukraine at the mega-, macro-, meso- and micro-levels are analyzed. The result of the analysis is the conclusion regarding the absolute predominance of the influence of external factors in the conditions of full-scale military aggression of the Russian Federation, the significant dependence of the development of MMC of Ukraine on the state of world markets. And vice versa, domestic metallurgy has an inverse effect on the global production of metal products, because it has significant resource, production and scientific potential. Considering the specifics of metallurgical enterprises, the state of the world economy and globalization processes, the factors of competitiveness of metallurgical enterprises are structured according to the degree of susceptibility to changes in the conditions of globalization (flexible, difficult to change) and according to the degree of influence on the level of global competitiveness (moderate influence, significant impact).
Conclusions. The analysis of the factors of international competitiveness of the domestic metallurgy showed that in the conditions of its sharp decline, the priority for the industry is not to lose its own competitive advantages, including through the search and effective use of positive factors of international competitiveness. At the same time, the basis of increasing the international competitiveness of the metallurgical industry is to increase the competitiveness of domestic metallurgical enterprises both on the domestic and international markets. It has been proven that when developing a strategy for increasing international competitiveness, it is appropriate to determine the result of focusing on the factors of a more intensive manifestation of the classification feature, that is, on flexible factors of significant influence.
Adaptation of strategic models of enterprises to industry markets
Authors: ORLOVA Nataliia , HURZHII Nataliia , SHEVCHUK Andrii
Published: September 2024

Introduction. In the contemporary conditions of global business, enterprises constantly face challenges associated with the need to adapt to dynamic industry markets. Rapid technological advancements, shifting consumer preferences, and unpredictable economic conditions require a strategic approach that enables enterprises to quickly and effectively adapt to them. The relevance of this study is driven by the necessity for enterprises to remain competitive and resilient amidst constantly changing market dynamics. In today’s fast-paced business environment, strategic flexibility is a prerequisite for survival and growth. Achieving organizational success requires understanding how enterprises can adapt their strategic models in accordance with the dynamics of the industry market. The purpose of this paper is to explore various strategies and approaches employed by enterprises to adapt to the dynamic structure of industry markets. Results. Based on a thorough analysis of existing literature and real-life examples, this paper draws several key conclusions. Firstly, it emphasizes the importance of strategic flexibility and agility for enterprises to seize new opportunities and mitigate risks. Secondly, it underscores the significance of market intelligence and data-driven decision-making to justify strategic adaptation. Thirdly, it examines the role of organizational culture, leadership, and innovation in enhancing enterprise adaptability. The conclusions drawn from this study highlight the importance of enterprises adopting a dynamic and iterative approach to strategic planning. Static, one-size-fits-all strategic models are no longer viable in today’s unstable markets. Instead, enterprises must foster a culture of flexibility and innovation, constantly reassessing their strategies in response to changing market trends and competitive pressures. Despite providing valuable insights into the adaptation of strategic models to industry market dynamics, some areas for further research remain insufficiently explored. Future research could delve into a deeper examination of specific industries or regions, elucidating how contextual factors influence strategic adaptation.
Administrative and legal status of subjects of information support for the administration of justice
Authors: KOLESNIKOV Andrii
Published: September 2024

Introduction. Information support is an integral part of the effective functioning of the justice system in a democratic state governed by the rule of law. The proper work of responsible entities directly affects compliance with the principles of the rule of law, transparency, equality before the law, etc. Timely transfer of data, protection of confidential information, ensuring access to materials for participants in the process - all this is the responsibility of special subjects of information support of justice. However, in the context of the development of information technology and cyber threats, there is a need to thoroughly study their administrative and legal status, functions, tasks and responsibilities. The purpose of the paper is to study the legal nature of the administrative and legal status of subjects of information support for the administration of justice. Results. The paper examines the legal nature of their status and its constituent elements. The author identifies the main groups of such subjects: subjects of administration of registers and databases, subjects of administration of judicial communications, and subjects of information protection. The paper analyses the administrative and legal status of the High Council of Justice, State Judicial Administration, National Information Systems, Information Court Systems, Centre for Court Services, and the information protection units within the framework of their functions, duties and responsibilities. The author substantiates the need for a comprehensive review of the principles of functioning of the subjects of information support of justice in order to improve the efficiency of the judicial system in the context of digitalisation and combating cyber threats. Conclusion. Information support is critical for the effective operation of the justice system in the context of digitalisation. The proper operation of responsible entities directly affects compliance with the principles of justice. Their administrative and legal status is determined by their functions, rights, duties and responsibilities under the law. Given cyber threats and technological development, a comprehensive review of the legal framework for the functioning of these entities is needed to optimise their work and increase the efficiency of the judicial system. The list of such entities is not exhaustive and requires further research.
Using Big Data and analytics in accounting for strategic decisions
Authors: MAHOPETS Olena , RASSOKHA Inna , YATSKO Maksym
Published: September 2024

The purpose of this paper is to study the potential of using Big Data and analytics in accounting in order to improve strategic decision-making processes at the enterprise. To achieve the goal, the following tasks were performed in the research process: the concepts, advantages and disadvantages of using Big Data and analytics in accounting were considered; directions for using Big Data in accounting in general and for improving strategic decision-making processes in particular were investigated. The use of advanced technologies in accounting can significantly improve the quality and relevance of accounting information, reduce preparation time and ensure availability of data in real time. Studying the basic principles of accounting organization using information technologies, efficiency, accuracy, security and compliance with regulatory requirements were identified as key. The potential impact of Big Data on the accounting profession and its practices is very significant. As the volume of available information grows, new opportunities appear to improve the accuracy and efficiency of traditional accounting approaches. Big Data analysis can reveal financial trends, patterns, and anomalies that were previously difficult to access or invisible through traditional methods. The use of Big Data and analytics in accounting for making strategic decisions can significantly contribute to the achievement of the goals specified in the modern economic paradigm. Simplified acquisition and analysis of large volumes of data makes it possible not only to increase the accuracy and speed of decision-making in financial management, but also to respond more effectively to changes in macroeconomic conditions, such as diversification of production and exports, improvement of living conditions of the population, and reduction of social inequality. The introduction of high technologies, including Big Data analysis, is becoming a key tool for ensuring sustainable economic development, contributing to the growth of productive forces and optimization of production processes in accordance with modern requirements and challenges of the global market.
Foreign experience in enforcing tax liabilities
Authors: MAKAREVYCH Oleksandr
Published: September 2024

This paper is devoted to the study of foreign experience in the field of legal regulation of tax liabilities enforcement through the prism of comparing the approaches of different countries with the provisions of the tax legislation of Ukraine. The author traces the development of national legislation in recent years in the system of tax administration, which is reflected in the improvement of Ukraine's position in the Doing Business ranking, including the easing of the taxation system after the start of large-scale military aggression. The scientific study of foreign experience in the field of regulation of tax liabilities enforcement is aimed at examining various legislative and practical approaches to implementing effective mechanisms into the tax legislation of Ukraine. The author traces the development of the Republic of Georgia in terms of improving the efficiency of tax compliance. A comparative analysis of the experience of France and Ukraine regarding the procedure for collecting tax debt and the role of the tax authority in deciding on the further operation of the enterprise or its liquidation is made. The peculiarities of tax administration in the United States and approaches to tax debt repayment are identified. Innovative amendments to the tax legislation of Poland to counteract tax evasion are investigated. The author describes Italy's experience in tax administration and measures to collect tax debt. The author formulates the types of enforcement of tax liabilities in Ukraine and other countries, determines their effectiveness and consideration in the development of national legislation. The author substantiates the need to improve the national regulatory framework for ensuring the fulfilment of tax obligations by introducing new innovative approaches to improve taxpayers' tax discipline.
Peculiarities of division of corporate rights of spouses: through the prism of the Supreme Court practice
Authors: ADAMOVYCH Oksana
Published: September 2024

Introduction. The paper is devoted to the study of the issue of the division of marital property, namely corporate rights, which is the least regulated at the legislative level.
The purpose of the paper is to carry out further scientific research of theoretical and practical aspects of the legal regime for division of corporate rights of spouses under Ukrainian legislation.
Results. The author analyzes the scientific approaches to the definition of the concept of corporate rights of spouses, and reveals the content and features of the presumption of joint property. The scientific study of the issue of the legal regime of marital property (corporate rights) offers various variations of further development of the approach to the division of marital property at the legislative and case law levels. The paper emphasizes that the property owned by a husband and wife in joint ownership and transferred to the authorized capital of a legal entity becomes the property of the latter and ceases to be the object of joint ownership of the spouses, while one of the spouses receives corporate rights and the other receives the right of claim. The author analyzes the impact of the decision of the Constitutional Court of Ukraine on private law relations, which changed the vector of development of the issue of joint marital property and its possible division. Within the framework of the issue of the legal regime of corporate rights of spouses, the author makes an excursion into the case law on this issue and traces the changes in case law regarding the possibility, procedure and object of division of corporate rights.
Conclusion. The author comes to the conclusion that there is no clear legislative regulation of the legal institution of division of corporate rights of spouses, and the dynamic development of judicial practice which establishes different approaches to the practical solution of this issue.
Information system of support of economic decisions on the development of the Internet provider network
Authors: CHURIKANOVA Olena , OSTRIANYN Serhii
Published: September 2024

The paper suggests and confirms the hypothesis about the dependence of the price of internet service provider tariffs on the main economic and demographic determinants, and also defines the list of these determinants. An economic-mathematical model for optimizing the distribution of the budget for the expansion of the Internet provider's network between the execution of connection requests for separate service lines and tariffs has been developed. One of the key elements of the activity of Internet providers is the solution of the "last mile" problem, which consists in providing a communication service between the end user and the provider's Internet access node. Taking into account the orientation of such enterprises to the maximization of their own profit, this problem should be considered in the technical and economic dimension. Solving this problem requires a multidimensional approach that takes into account technology, economics and geography, as well as the significant investment required to expand network coverage and meet the demands of a distributed customer base. Internet providers should take into account the negative impact of possible network congestion, non-linear pricing, as well as consumer demand when optimizing pricing strategies and network development strategies. The developed model was applied to historical data on the activity of the Internet provider. The proposed approaches are combined into a single information system to support economic decision-making for the development of network of Internet providers, which contributes to the implementation of the developed model in practice and allows to increase the efficiency of the production activities of such enterprises. The paper put forward and confirmed the hypothesis about the dependence of prices for fixed Internet connection services on the dollar exchange rate, the cost of connecting to the trunk node, and the population. Approaches to economic decision-making in the management of the Internet provider's activities were further developed, namely, an economic-mathematical model was developed and tested to optimize the allocation of the budget for the expansion of the Internet provider's network between the satisfaction of applications of potential subscribers for connection in the section of individual tariffs of the provider's current tariff grid. As a result of the test of the developed economic-mathematical optimization model on the historical data of the enterprise, the possibility of improving the expected profit relative to the basic plan by 18% was established.
The legal basis of innovative activities in the conditions of military conflict and in the period of continuous economic recovery
Authors: MARTYNOV Andrii , RUSANOV Artem
Published: September 2024

The conditions for the formation of the legal basis for the implementation of innovative activities of economic entities in Ukraine in the conditions of a military conflict have been studied. The factors of the legal field of innovative activity of economic entities are defined, which include: internal factors of the legal basis of innovative activity of economic entities, which combine the legal consequences of the choice of the legal form of the organization of economic entities and a set of regulatory and legal acts of an internal nature and external factors the legal basis of the innovative activity of business entities, which are based on a complex of normative and regulatory acts of the national and international level, which determine the possibilities and limitations of making and implementing management decisions in the field of innovative activity.
The high dynamics of transformations of the legal field of innovative activity of economic entities became a prerequisite for the development of a mechanism for monitoring the influence of legal factors on the course of innovative activity, the advantage of which is the possibility of adjusting management decisions based on monitoring data and controlling the effectiveness of adaptive management decisions in the field of innovation activity.
The shortcomings of the existing system of regulatory and legal regulation of innovation activities in Ukraine are characterized and it is substantiated that in the post-war period, during the period of economic recovery, the tools of state regulation of the innovation sphere and the mechanisms of state support for innovative projects can be implemented for the accelerated reproduction of the production sector and the recovery of the socio-economic sphere of Ukraine.
It was determined that the need to ensure a safe legal field for innovative and investment activity in Ukraine determines the need to improve the system of normative and legal regulation of innovative activity, create conditions for fair competition for innovative enterprises, and create guarantees for the protection of the interests of national and foreign investors.
Control proceedings as a non-sue procedure of administrative jurisdiction
Authors: SUKHOVETSKYI Oleksii , HEORHIIEVSKYI Yurii
Published: September 2024

In accordance with Part 1 of Art. 12 of the Code of Administrative Proceedings of Ukraine, administrative proceedings are carried out in the order of legal proceedings (general or simplified), which, among other things, are used to consider some appeals by subjects of power due to the requirement established by law to confirm powers before their implementation. There is no special judicial procedure for consideration of such appeals by the Code of Administrative Proceedings of Ukraine. The paper argued the need for a legislative definition of the non-suitable procedure of administrative proceedings and proposed "control proceedings" as a model for its implementation. It is noted that administrative proceedings may not have a single procedure for its implementation and should be reflected in various procedures, and development of legislation in this area should be directed to the implementation of effective judicial protection mechanisms that would be relevant to today's challenges. According to the proposed model of control proceedings, the subject of power will have the procedural status of the applicant, and the person whose rights, freedoms and legitimate interests may be restricted/violated will have the status of a private person. It is in the control proceedings that the principle of official clarification of all the circumstances of the case can manifest itself most fully. The expediency of the legislative change in the procedure for considering cases of administrative offenses, which are currently considered by the courts according to the rules established by the Code of Administrative Offenses, is argued, and the use of control proceedings for the consideration and resolution of such cases is proposed, in which the subject of authority, after drawing up a protocol on the commission of an administrative offense by a person, will turn to of the administrative court with a statement confirming the authority to apply the corresponding administrative penalty, and the administrative court will consider such a statement according to the rules established by the Administrative Court. Emphasis is placed on changing the functions of the court from "punitive" to controlling. It has been proven that the implementation of control proceedings as a non-suitable procedure of administrative proceedings will have a positive effect on the level of protection of the rights, freedoms and legitimate interests of private individuals, will contribute to the building of public trust in the state, and will lead to the development of administrative justice in particular and justice in general.
Digital state in the regulation of land relations
Authors: HORUN Yurii
Published: September 2024

Introduction. The 21st century is considered to be the era of digital technologies for the rapid exchange of information, obtaining various services, doing business and other processes related to the functioning of society. The relevant processes related to the digitalization of public services (and the use of technology in the regulation of social relations in general) create a new concept, namely the "digital state". Technological means are widely used in the regulation of branches of law related to land legislation. However, the process of using digital technologies in land legislation is somewhat slow.
The purpose of this paper is to examine the concept of "digital state" in the modern sense, to identify the main features of the digital state and the means of regulating social relations with the help of technology, and also to determine the main areas of digitalization of land legislation.
Results. The digital state is a complex concept which includes the following categories: e-government; - e-court; - e-healthcare; - cybersecurity. The process of formation of a digital state in Ukraine consists of several stages related to the introduction of technologies into the process of legal regulation of public relations. Land law, as a branch of law consisting of many institutions, can also be digitalized. Complete digitalization of land law at one point is a rather complicated and lengthy process, but it is already possible to identify the main areas of digitization of land legislation that can be further implemented by the authorized state authorities.
Conclusion. The introduction of digitalization into the land legislation of Ukraine is an extremely important task today. We can already say with certainty that the digitalization of land legislation should take place in two key aspects, namely: simplification of regulation of procedures existing in land legislation and ensuring the possibility of digital exchange of documents between the subjects of land legal relations.
Impact of digitalization on the sustainability of financial processes in Ukraine
Authors: ZHURAVLOVA Iryna , MYHOVYCH Tetiana , KOVERZA Viktoriia
Published: September 2024

The purpose of this paper is to study the impact of digitalization on the sustainability of financial processes in Ukraine. To achieve the goal, the following tasks were performed in the research process: the concepts and stages of development of digitalization in Ukraine were considered; the impact of digitization on the sustainability of financial processes in Ukraine is investigated. During the research, methods of analysis, synthesis and scientific abstraction were used. It is noted that digitalization has become a general characteristic of most modern financial innovations and is the result of the growing influence of information and communication technologies in the production and financial spheres. Its influence is objective, as it takes into account the increasing influence of information technologies on the general life of mankind, the increase in the level of informatisation among the population and the increase in the number of Internet users. It was also noted that the use of digital technologies helps to increase the speed and efficiency of production processes, performance of works and provision of services. They make it possible to make decisions and implement new ideas in accordance with modern market requirements and consumer needs. The use of digital technologies by financial institutions makes it possible to increase productivity, reduce costs and risks, and improve the quality and availability of products and services. It was noted that digital technologies have a significant impact on the sustainability of financial processes in Ukraine. Key aspects of this impact include: increased efficiency and speed; increasing the availability of financial services; improving control and security; stimulation of innovation and competition; increasing transparency and availability of information. The conclusion notes that digitization in Ukraine is a key factor in the development and modernization of the domestic economy, contributing to its sustainable growth. Evaluating this process, it was found that it opens up new opportunities for improving financial services and strengthening Ukraine's position on the world market.
The role and importance of financial intelligence in identifying and tracing criminal assets
Authors: RUDYI Roman
Published: September 2024

The paper examines the basic principles of improving efficiency and providing law enforcement officers, as well as authorized bodies, in whose management the seized property is transferred, with instructions on the legal grounds, procedural and tactical features of detection, search and seizure of property. It was determined that financial intelligence is a complex system aimed at detecting operations related to the legalization of proceeds obtained through crime. This system can act as a component of the pre-trial investigation in criminal proceedings related to the research. Asset search activities should include elements of economic and monetary intelligence. It has been established that in Ukraine, the State Financial Monitoring Service, subordinate to the Ministry of Finance of Ukraine, is entrusted with the functions of financial intelligence, which implements the state policy in the field of prevention and countermeasures against the legalization (laundering) of proceeds obtained through crime, the financing of terrorism, and the proliferation of weapons of mass destruction. It is argued that financial intelligence is not a function of the National Agency of Ukraine for detection, search and management of assets obtained from corruption and other crimes. In turn, the DSFM collects, processes and analyzes information on financial transactions subject to mandatory financial monitoring and other transactions related to money laundering. It was investigated that the bodies of foreign countries are similar: Financial Crimes Enforcement Network (FinCEN) - the US financial intelligence agency; Financial Transactions and Reports Analysis Center (FINTRAC), Canada's financial intelligence agency; Zentralstelle für Verdachtsanzeigen – German financial intelligence agency; TRACFIN – financial intelligence unit of the French Republic; The Inland Revenue Service NCIS/ECU is the UK's financial intelligence agency. Having analyzed the relevant legislation of ARMA and the State Financial Monitoring Service, we come to the conclusion that the terms "asset discovery" and "asset search" are explicitly defined at the legislative level only for ARMA. The profile legislation of the State Financial Monitoring Service does not reflect or explain the essence of these terms, however, in the course of implementing measures to prevent and counter the legalization (laundering) of proceeds obtained through crime, the State Financial Monitoring Service conducts financial investigations with the aim of finding information about the assets of questionable origin.
International and legal regulation of the application of satisfaction as a form of political responsibility of states
Authors: LYKHVAR Valerii
Published: September 2024

The paper attempts to determine the principles of international legal regulation of the application of satisfaction as a form of political responsibility in international law. Theoretical provisions regarding the international legal regulation of the application of satisfaction as one of the forms of political responsibility according to international law are analyzed. Four forms of satisfaction were analyzed, which were derived by the famous researcher Patrick Dumberry from the University of Ottawa: The first - the responsible state simply apologized or officially expressed regret for committing an illegal act; The second - the state punished the representative or person responsible for the act; The third is when a judicial body makes a statement about the illegality of an action taken by the state. The fourth is monetary satisfaction. Satisfaction may be accompanied by symbolic material compensation for moral damage. The draft articles on the responsibility of states for internationally wrongful acts developed by the UN International Law Commission (adopted by UN General Assembly resolution A/RES/56/83) were analysed. Thus, it is determined that the forms of compensation (reparation) are restitution, compensation and satisfaction: both separately and in combination (Article 34). Article 37 of the Articles on the Responsibility of States for Internationally Wrongful Acts of 2001 deals with satisfaction as a form of compensation for damages, which refers to the first type of satisfaction mentioned above. The practice of the International Court of Justice of the United Nations regarding ordinary satisfaction was considered - the case "Bosnia and Herzegovina v. Serbia and Montenegro" (2007), the case "Rainbow Warrior", the case "Corfu Channel", the case "Armed activities on the territory of the Congo (Democratic Republic of Congo v. Uganda)" . An example of the implementation of extraordinary satisfaction in international law is considered - the Declaration on the Defeat of Germany and the Decision of the Berlin (Potsdam) Conference. Based on the presented material, it was concluded that the application of satisfaction is confirmed by international judicial practice, in particular, by examples of declarative statements. The decisions of the International Court of Justice of the United Nations on the award of satisfaction are widely accepted, to some extent because the condemnation of an internationally wrongful act by an authoritative third party aims to achieve a balance between the interests of the parties in a particular case, on the one hand, and the fundamental interests of the international community, on the other.
Features of risk management in the enterprise under the conditions of martial law state
Authors: HUTSU Anton , LUKIANCHUK Olena , AKULIUSHYNA Maryna
Published: September 2024

The paper is devoted to the strategic direction of risk management to improve the efficiency of the enterprise in wartime. Justification of the peculiarities of the formation and improvement of risk management at the enterprise in the conditions of martial law. The main aspects of risk management according to Strategy Execution are presented. The key principles of risk management optimization are considered, including features of strategy development, integration into business processes, improvement of management functions and control processes. In particular, the importance of introducing risk management into the main phases of business planning of an enterprise is presented. It has been proven that effective risk management in modern business is of great importance, especially for ensuring the success of the organization in a competitive environment. One of the key advantages of such management is the preservation of the company's reputation, by preventing possible incidents that may negatively affect the reputation, the organization protects its name and, accordingly, maintains the trust of consumers and partners. The main aspects and general approach to risk-oriented management in the economic security of the enterprise are presented. It has been proven that instability in the labor market and loss of confidence in the internal economic environment in the market can lead to a reduction in investment and lack of development of new sectors of the economy. It is justified that in order to improve the effective operation of the enterprise in the management system, it is recommended to carry out strategic direction of risk management based on such principles as: strategy development; integration of risk management into business processes; improvement of management functions; improvement of control processes and measures; Measures that will help enterprises reduce costs, increase risk coverage and ensure sustainable development are considered.
Institutional peculiarities of the functioning of the economy of Ukraine in the conditions of martial law
Authors: CHEREDNICHENKO Stanislav
Published: September 2024

The paper shows that the peculiarities of the state of war force the state to reorient its resources and attention to solving critical tasks related to ensuring national security and overcoming the consequences of war. As a result, the priorities of formation, redistribution and use of resources change, which affects the socio-economic model of the state. However, the limiting conditions for adjusting the model of the national economy in the conditions of war are: preserving its economic potential and maintaining viability, which will ensure the future development of the country and its post-war recovery.
It is shown that since the beginning of the full-scale invasion of the Russian Federation into Ukraine, the share of the military-industrial complex and related industries in the overall structure of the economy has increased. These changes caused significant difficulties for the economy of Ukraine, but also opened up new opportunities for adaptation and development in crisis conditions. Increasing investment in the military industry, developing new logistics routes and diversifying the economy can become part of the country's recovery and development strategies after the war. It has been proven that positive changes in regulatory and legal support, aimed at facilitating business conditions, are necessary, but not sufficient. In order to solve the fundamental problems of the loss of sales markets and opportunities for continued economic activity, strategic measures are needed, including the restoration of infrastructure, support for exporters, stimulation of business relocation and support of labor resources.
It is substantiated that the institutional features of the functioning of the economy of Ukraine under martial law are related to the formation of a hybrid model, which is a synthesis of two models, namely: the model of the military economy, designed to meet military needs and vital goods and services, as well as the model of the civilian economy, designed to meet the needs of the population. A comprehensive solution to the outlined problems requires coordination of the efforts of the government, business and international partners to ensure the stability and development of Ukraine's economy in the conditions of the war and after its end, as well as to ensure its sustainable development in the future.
Legal problems of state regulation economic activities in a special period
Authors: BRYHINETS Oleksandr
Published: September 2024

The paper reveals the role and problems of determining the peculiarities of solving legal problems of state regulation of economic activity in a special period as one of the conditions for the development of a modern democratic society. A detailed study of this issue was conducted, aspects of the regulatory and legal environment and the problems of Ukrainian business work in such difficult conditions were considered. The last few years, the most difficult in the history of the state, have shown that there is a need to move from direct administrative assistance to the formation of a favorable economic and social environment for the improvement of mechanisms and tools for stimulating the development of business entities. It is the priority of state regulation and support of entrepreneurship in such conditions that will provide an opportunity not only to preserve business, but also to expand it with a simultaneous increase in the number of jobs, which is one of the foundations of the functioning of the welfare state. Any difficulties in economic activity quite often give rise to new opportunities for growth, the economy is being restructured, new niches are opening that can be used for growth, and in the future, filling the state and local budgets. The historical experience of the states that have gone through the war shows that the economic system and business development is a key area of further reform and modernization, and the main goal of this process is to create favorable conditions for economic activity, to activate the investment potential of the country and to create comfortable conditions for the functioning of the capital involved. One of the fundamental elements of creating a favorable business environment in Ukraine is the deregulation of economic activity, that is, the maximum simplification of business and government cooperation, the formation of a free market, a transparent permit system, and partnership relations with state regulatory and supervisory bodies. An important aspect of state regulation of economic activity in a special period of state development is, first of all, the conscious formation by state structures of appropriate direct and indirect business support tools, in particular, the creation of incentives, the use of material, financial and other resources that are attracted to its subjects. Special attention was paid to the need to develop and implement specialized legal acts that would regulate the protection of business activities in such emergency situations.
Business activity and risks of trading enterprises: the dialectic of the relationship
Authors: YASKIVETS Oleh
Published: September 2024

The paper defines the content of the definition of «business activity» in a broad and narrow sense, the components of its assessment are indicators of logistical, commercial, financial, and investment activities. It is shown that regular assessment and analysis of the business activity of a trading enterprise allows timely detection of problems, optimization of the use of resources, increasing the efficiency of its activity and making informed management decisions.
It is shown that risk is an integral part of the economic activity of trading enterprises, which requires special attention and management efforts to ensure the stability and development of enterprises. Approaches to the creation of a complex risk management system with the selection of individual components, the integration of which will ensure the stability and sustainability of trading enterprises in conditions of uncertainty and rapid changes in the market environment, are proposed.
A set of measures that will contribute to improving the competitiveness of trade enterprises and increasing their ability to adapt to changes in the economic environment are substantiated. Implementation of the proposed tools will allow trade enterprises to better understand and analyze the needs of their customers, thereby ensuring more efficient work in a risk-oriented environment.
The principles of the use of digital technologies in the economy of a commercial enterprise are proposed, including such elements as big data analytics, marketing automation, personalized communications and the integration of various sales channels. This provides the ability to quickly adapt to changes in the market situation, reducing risks and increasing the efficiency of business processes of a trading company.
It has been proven that the intensification of business activity and the reduction of risks of trade enterprises require a systematic approach, which includes strategic planning, innovation, effective management of resources and risk minimization. Implementation of the proposed strategies will help trading enterprises to increase their competitiveness, reduce risks and ensure stable development in conditions of market uncertainty.
Financial mechanisms and trends in the functioning of asset management companies
Authors: KOZLOVA Viktoriia , POLZIKOVA Hanna , PETSENKO Mariia
Published: September 2024

It is shown that joint investment institutions in Ukraine perform an important function in the economic development of the country, contributing to the redistribution of capital, stimulation of the investment process and development of the stock market. Asset management companies (AMC) are an integral part of the joint investment market in Ukraine, providing professional asset management, increasing the efficiency of the investment process and contributing to the country’s economic development.
The paper presents the results of the assessment of the dynamics, structure of AMC indicators according to the main type of their activity according to KVED 66.30 - fund management, and also formalized their trends for the period 2013-2022, which have high values of indicators of multiple determination. It was established that the value of non-current assets increased by 3.33 times, mainly due to micro-enterprises, small enterprises prevail in their structure. The value of AMC's current assets increased by 1.79 times, mainly at the expense of micro-enterprises, the share of medium-sized enterprises in their structure decreased, and small ones increased. The value of AMC's own capital increased by 1.92 times, mainly due to micro-enterprises, the share of medium-sized enterprises in its structure decreased, and the share of small enterprises increased. The cost of AMC capital increased by 2.22 times, mainly at the expense of micro-enterprises. The specific weight of AMC's own capital decreased from 78.1% to 67.6%, including at the expense of medium and small enterprises. On the other hand, the share of equity in the balance sheets of micro-enterprises - AMC increased from 71.4% to 82.2%. Thus, the financial stability of AMC is sufficient, but it is reduced at the expense of medium-sized enterprises, but the financial stability of micro-enterprises is strengthened. The dynamics of non-current assets, current assets, assets in general, AMC's equity is described by a parabola with upward branches.
It is proven that the active participation of the AMC in the stock market increases its liquidity and stability, which creates favorable conditions for attracting financial resources. Investments made through investment funds contribute to the development of various sectors of the economy, the creation of new jobs and an increase in tax revenues to the budget. Transparency and professional asset management attract foreign investors, which contributes to the inflow of capital into the country's economy.
Impact and consequences of CBDC development on monetary policy
Authors: ZADVORNYKH Serhii
Published: September 2024

The purpose of the paper is to identify the reasons for the implementation of CBDCs, to clarify their characteristics, differences and similarities with cybercurrencies, the opportunities they provide for different categories of users and the monetary policy of the state, as well as to identify the benefits and threats arising from their implementation and to identify the main opportunities to avoid the threats caused by the implementation of CBDCs.
The methodological and theoretical basis of the paper is based on the scientific works of foreign and domestic scientists, analytical and statistical information on the impact of CBDC on society, the population, and the state’s monetary policy, as well as regulations created to regulate monetary policy. During the study, the methods of comparative and empirical analysis and synthesis, as well as a systematic approach were used.
Digital technologies are part of progress, and they are gradually penetrating all areas of the economy. This process also has an impact on monetary policy through the introduction of new payment systems and mechanisms, as well as currencies. At the present stage, cybercurrencies have become widespread, and with it, many governments have begun to study or develop their own cybercurrencies – CBDCs. Such currencies can be retail, wholesale, and hybrid depending on their application. Along with a significant number of advantages that these currencies bring, they also have a number of disadvantages and possible threats to both users and the state’s monetary policy.
The paper has led to the conclusion that by implementation of new technologies, it is important to maintain a balance between them and traditional financial instruments. It is also important to ensure that there is an alternative in case of emergencies and to avoid governments manipulating the population’s dependence on electronic money and the array of personal information associated with it.