Foreign trade of Ukraine in the context of the common transit procedure | Author : Tetyana MELNYK, Mariia KOVALOVA | Abstract | Full Text | Abstract :The realities of wartime have a significant impact on the volume of the country’s turnover and the activity of Ukrainian enterprises, primarily exporters. The structure of Ukraine’s foreign trade has undergone significant changes due to Ukraine’s accession to the joint transit procedure. The terms of common transit should become a kind of impetus for Ukrainian entrepreneurs, in particular exporters, to expand sales markets. However, in order for all subjects of foreign economic activity to take full advantage of such benefits, they need to go through certain procedures and provide appropriate guarantees. The aim of the article is to highlight the changes and peculiarities of Ukraine's foreign trade in the context of the introduction of the joint transit procedure, as well as generalize the principles and criteria regarding the conditions and provision of guarantees by Ukrainian subjects of foreign economic activity in the conditions of visa-free customs. To achieve the goal, the methods of statistical analysis, analysis and synthesis, deductive method were used. Transit transportation of goods under customs control is carried out according to a single transit document from the exporter’s country to the importer's country under the provision of single guarantee, which is valid in the territory of all participating countries through which the goods pass from the supplier to the buyer. This will make it possible to reduce the cost of customs procedures and the time for their execution, the consequence should be a reduction in queues at the border, and therefore a faster response of foreign economic entities to the market needs. However, the guarantee should be provided in euros, and the risks of changes in the hryvnia exchange rate against the euro, the percentage of inflation, etc. will be included in the value of the guarantee. Domestic exporters currently have open prospects, which facilitate access to the markets of the European Union countries due to Ukraine's accession to the Convention on the Common Transit Procedure. Fulfilment of the necessary conditions is, first of all, a rather complex procedure, but the implementation of all requirements and the provision of appropriate guarantees should significantly simplify access to foreign markets, especially the countries, which are parties to the Convention, and increase the competitiveness of Ukrainian goods, which will have a positive impact on the general state of Ukraine’s foreign trade. Thus, highlighting the changes, features and prospects for the development of Ukraine's foreign trade in the context of introducing a joint transit procedure becomes relevant. |
| Ukraine's exports under martial law | Author : Alina NECHYPORUK , Maryna KOTOVA , Dmytro KOCHUBEI | Abstract | Full Text | Abstract :Foreign trade is one of the main factors of the country's development, which directly affects its main economic indicators. In the conditions of instability, which are associated with the full-scale invasion of Ukraine by russia, the introduction of martial law, the blocking of the sea and other negative factors, it is important to look for alternative ways of exporting, using all possible types of transport and logistics supply chains. The problem of exporting products of the agro-industrial complex is gaining special relevance, since Ukraine was the world leader in exporting this type of goods before the full-scale invasion. The blockade of Ukrainian ports and the conditions of martial law have led to a sharp increase in world prices for agricultural goods, a decrease in purchasing power and a global crisis that poses a threat to food security in the world. The purpose of this article is to define and generalize alternative logistics routes for the implementation of Ukrainian exports in the conditions of martial law by studying changes in its commodity structure, geography and transport capacities. According to the results of the analysis of the commodity structure of exports and changes in the composition of the main importers of Ukrainian goods it was found that currently the products of the agro-industrial complex are its basis. As a result of the action of the Black Sea Grain Initiative, the main amount of agricultural goods was exported through Ukrainian ports, and its termination poses a threat to foreign trade. New logistics routes using the capacity of all possible types of transport can become alternative options for the export of Ukrainian grain. The search for new logistics routes with the possibility of using railway, road, ferry and sea modes of transport will make it possible to reach the necessary volumes of exports of goods of the agro-industrial complex and reduce the risks that have formed in conditions of instability. The development of intermodal transportation is the most alternative option from the point of view of logistics, and the use and combination of the advantages of land and water types of transport will contribute to the optimization of the logistical ways of the realization of Ukrainian exports. |
| Export potential of the IT industry of Ukraine | Author : Valeriya BALASHOVA | Abstract | Full Text | Abstract :In the conditions of the rapid boom of digitization of various spheres of the economy and society in the world, it is important to investigate the level of export potential of IT enterprises in Ukraine. The main hypotheses of the study are: stagnation of growth or decrease in exports and foreign currency receipts of IT services, outflow of IT business and specialists abroad, Ukraine's specialization in outsourcing the creation of IT products. The purpose of the study is to identify directions for the development of the export potential of the IT industry of Ukraine. The volume of foreign exchange earnings from the export of IT services, the level of employment of IT specialists, the profile of IT companies, their regional and industry structure, the number of employees, and the investment portfolio of domestic IT companies were determined. The methods of comparison, statistical analysis, systematic approach, methods of analysis and synthesis were used to identify the characteristic features, trends, problems and prospects of digital transformation in Ukraine. The continuation of digitalization processes in Ukraine was considered; foreign exchange earnings from the export of IT services and employment in the digital industry as a whole remain at pre-invasion levels; concentration of IT business in Kyiv and western Ukraine; specialization in outsourcing rather than production of own IT products; migration abroad of startups and IT specialists; the investment portfolio is diverse and generally corresponds to the practice of other countries; e-governance of Ukraine has made significant progress and occupies a proper place among the EU countries, which creates the need to intensify digitalization to solve economic, social and military issues. |
| Economic recovery and development of countries after armed conflicts: experience for Ukraine | Author : Ganna DUGINETS , Nataliia KOLODKO | Abstract | Full Text | Abstract :In the twenty-first century, under the influence of the transformation of the world system, the concepts of "armed conflict" and "war" are increasingly understood as dynamic process and not as static balance. So, the russian-Ukrainian war is a full-scale military action on the territory of Europe, it is a struggle for the state's independent existence in the conditions of the twenty-first century; it is not only the struggle for Ukrainian statehood, but also the beginning of the transformation of the world system. The purpose of the study is to identify the features that have ensured the reconstruction and development of countries after the war and/or armed conflict in the conditions of the transformation of the content of these concepts in the twenty-first century, in order to identify areas and tools that can be used in the process of restoring the Ukrainian economy. Research on the transformation of the understanding of armed conflicts in the twenty-first century has made it possible to determine that the armed conflict is changing according to the following dimensions: subject, forms, means, place, and consequences. The experience of countries (Croatia, Bosnia and Herzegovina, South Korea) that got into a situation similar to the Russian invasion on February 24, 2022, which had annexed territories, was analysed; in particular the ways of recovery after military destruction, economic reconstruction and achieving economic independence from foreign capital infusions. In the course of the study, the main directions that should be implemented in the process of further development of Ukraine's economy were determined: the formation of a stable political environment and strong institutions capable of ensuring the rule of law, protection of property rights, and the execution of contracts; changing the system of ensuring the national security of the state due to the development of the military-industrial complex and strengthening of national identity in society; training of an educated and qualified workforce, in particular through the development of the system of private educational institutions; attraction of investments in scientific research to stimulate innovation and the development of new technologies; formation of a favourable business environment that encourages entrepreneurship, innovation and investment; transition from the predominant export of raw materials to the export of finished products. |
| Resilience of the EU and Ukraine economies in the conditions of russian aggression | Author : Diana SHKUROPADSKA , Larysa LEBEDEVA , Tatyana OZHELEVSKAYA | Abstract | Full Text | Abstract :The brutal and inexplicable military aggression of Russia against Ukraine has caused the disruption of macroeconomic stability in our country. The war has led to immense human casualties and the loss of means of livelihood, placing a heavy burden on the economy and forcing millions of people to leave their homes. The longer the armed conflict is persisting, the more severe the consequences are becoming, not only for Ukraine but also for its partners, with the European Union being a key one. The functioning of the economy during wartime exacerbates the question of ensuring its resilience. The aim of this article is to identify macroeconomic shocks in the context of war, analyse the level of economic resilience in the EU and Ukraine, and justify directions for supporting the Ukrainian economy. General scientific methods were used, including theoretical generalization, comparative systemic analysis, systematization, statistical analysis, grouping, and scientific abstraction. In this research, the properties of economic resilience are described, specifically its capacity to avoid, withstand, and recover from the impact of shocks. Existing macroeconomic shocks of the war are identified, which have determined the trajectory of economic development for both Ukraine and the EU and influenced the level of resilience in their economies. Using approaches from the European Commission and the international company FM Global, the current level of economic resilience in the EU and Ukraine was determined. The war exhausts the resources of the national economy, making Ukraine incapable of independently and sufficiently mobilizing financial resources to counteract shock impacts. Conversely, the EU possesses significant resources, allowing it not only to maintain a sufficient level of economic resilience but also to assist Ukraine. Financial assistance from the EU remains a key source of ensuring the resilience of Ukraine's economy, enabling the implementation of measures to counter the current crisis and the shock impacts associated with it. |
| International experience of startup regulation | Author : Anastasiia MAZUR | Abstract | Full Text | Abstract :The international experience of regulating the development of startup entrepreneurship indicates that when creating effective models of interaction between state authorities (development of the legal framework, development programs, strategies), education (creation of an environment, for example, accelerators, incubators, development of a beta version based on higher education institutions, which promotes startups to enter the market) and business (funding of startups, involvement in corporations), the startup ecosystem has high indicators in world ratings. The purpose of the article is to highlight the components of the international experience of regulating the development of startups that are relevant to Ukraine. The methods applied are induction, deduction, analysis, and systematization. Regulation of the development of startups at the mega level includes international clusters, international organizations, and developed countries of the world. It has been studied that the mega level includes three directions: legal, financial, and strategic. In the international environment, the "EU Startup Nations Standard" declarations signed in 2021 and laws on startups aimed at promoting the creation and development of startups are of great importance. International organizations influencing the development of startup entrepreneurship are divided by functional type and geographical scope of activity. The positive startup climate in the USA is formed through the following factors: Silicon Valley activity, flexible state regulation of this area, entrepreneurial culture, and way of thinking. Israel's experience reveals the need for financing research and development works. Germany and Austria have an efficiently built system of higher education. Among the directions for improving the regulation of the development of startups in Ukraine, the following are highlighted: education – the creation of a center that will help startups to develop from the beginning of the emergence of an idea to the development of the first prototypes; security – financing of military and defense developments, ecology – support for environmental startups that have the potential to expand globally, and the local ecosystem – state-region-city-community-startup. |
| Real estate development: European trends | Author : Iryna HANECHKO | Abstract | Full Text | Abstract :The real estate market is an active and influential component of any economic system, a determining factor in the socio-economic development of a country. The share of construction in the GDP of developed European countries is approximately 6-8%. Additionally, the construction industry provides orders for more than 30 related industries producing goods and services. During the active phase of the war, Ukraine suffered significant losses of immovable property. The consequences of the destruction of hundreds of thousands of commercial and residential buildings are particularly noticeable for businesses and citizens. The restoration process needs to take into account the requirements and standards of real estate design, construction and development within the context of Ukraine's European integration course. In view of this, the purpose of the article is to define the directions of transformation for domestic real estate development and adaptation to new trends in the conditions of European integration. The statistical methods, methods of abstraction and theoretical generalization, analogies and comparison have become the main research methods. An analysis of the state of the residential and commercial real estate market in Ukraine has been conducted. The directions of development, current trends and concepts of real estate construction in the EU countries have been identified. The challenges of development companies' activities in the real estate market of Ukraine under conditions of war have been systematized. The expediency of implementing the principles of environmental, social, and managerial sustainability (ESG) into the practice of Ukrainian development for the sake of a responsible international image and increasing the investment attractiveness of the Ukrainian market in the post-war period, as well as the implementation of current construction concepts, particularly the Build-to-Rent concept, is substantiated. The systematization of positive experience and adaptation to European requirements will enable the construction industry and Ukrainian development companies to more effectively carry out post-war recovery and integrate into the European community. |
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