Adaptation of European energy systems to the escalation of the geopolitical crisis | Author : Tetyana MELNYK, Dmytro BANAS | Abstract | Full Text | Abstract :The relevance of the research topic is related to the current geopolitical, economic, technological and environmental challenges that have a significant impact on the state of energy markets in Europe. The key tasks of the energy policy of European countries are strengthening the energy security of the region, promoting the development of renewable energy markets, energy integration of the sector and the development of new energy-efficient solutions in the industry. Due to the direct influence of the general trends and priorities of European energy development on the domestic energy sector, the study of these trends is of great importance for Ukraine. The aim of the article is to identify trends and establish regularities in the development of energy markets in Europe in the context of modern geopolitical challenges and the energy transition. The research is based on the hypothesis of a change in the trajectory of the energy policy of European countries in the direction of solving the challenges that arise in the conditions of the geopolitical crisis, climate change and the increase in energy prices. The research was conducted using the methods of comparative analysis, structural-logical, generalization, statistical data processing, graphical and tabular data visualization. The current state, structure, and dynamics of the European energy market were analysed in the context of transformations that occurred as a result of geopolitical tension, inflationary pressure, threats to energy security, improvement of energy-efficient technologies, and EU obligations to reduce greenhouse gas emissions. Attention is focused on supplying the European market with gas, diversifying its supplies, reorienting electricity production from clean sources, production and use of fossil fuels in Europe, and increasing investments in renewable energy sources. European energy markets are dominated by trends associated with changes in energy suppliers and diversification of their sources; intensifying investment in solar, wind and hydropower and abandoning the use of coal; increasing investments in energy-efficient technologies; accelerating the construction of infrastructure for LNG; creation of a single energy market to ensure the free flow of energy between member countries; the development of energy storage technologies and production, storage and use of hydrogen as an alternative energy source; active use of smart technologies (smart meters and other devices for monitoring and optimizing energy consumption). |
| International cooperation in the energy sector | Author : Tetiana Zubko | Abstract | Full Text | Abstract :The influence of international partnership on the stabilization of the state and further development of the energy sector of Ukraine is considered. The main aspects of the integration process of the inclusion of the energy system in ENTSO-T are revealed, the consequences of the changes are investigated, the prospects and challenges of Ukraine's energy security are indicated. The purpose of the study is to determine the main influencing factors, threats and prospects for the safe existence and development of the Ukrainian energy industry in the conditions of changing world trends and war. In the course of the study, the hypothesis was tested that in conditions of uncertainty, war and increased globalization, it is the partner assistance from the European Union, with which a single digital space has already been created, that has the greatest impact on the functioning and development of the Ukrainian energy industry. The research used methods of analysis and theoretical generalization, which helped to fulfil the tasks. The state of the energy sector in the conditions of modern changes is highlighted, and the challenges and prospects of supporting and developing the energy sector of Ukraine are indicated. |
| Decarbonization of global industry | Author : Iryna MAKSYMOVA | Abstract | Full Text | Abstract :The impact of digitalisation on the global processes of decarbonisation of the world economy is considered. Using the example of global energy and industry, the strategic prospects for implementing a double green-digital transition to achieve climate neutrality are shown. The key areas of digital transformation in these sectors have been identified. It is hypothesized that digital transformation in energy and industry facilitates the decarbonization of industries and contributes to the achievement of climate neutrality in the global economy. The research methodology is based on a deductive and systematic analysis of the EU's experience in the field of green-digital solutions, quantitative assessments of their effectiveness and foresight forecasts. The article analyses the sectoral structure of the global economy's carbon footprint, demonstrating the significant potential of digital innovations in reducing emissions and increasing energy efficiency. The digitalisation opportunities in the direction of energy transition contribute to the development of the energy market, optimisation of consumption, offering self-organised micro-energy networks, energy-as-a-service solutions and new generations of digital technologies for alternative energy. In the industrial sector, digitalisation is considered as a driver of “smart” manufacturing, circular practices, digital material tracking and optimisation of consumption structure. The article emphasises the importance of international cooperation and integration of digital solutions to ensure a successful green-digital transition and achieve climate neutrality of the global economy. |
| Re-emigration of Ukrainian refugees | Author : Kateryna NIKOLAIETS | Abstract | Full Text | Abstract :Based on the analysis of the social composition and material and financial support of Ukrainian refugees from the war, the prospects of their return after the end of hostilities have been determined. The hypothesis is put forward that if the current Russian-Ukrainian war takes the form of a "frozen" conflict with the end of active hostilities after the conclusion of an agreement or a series of cease-fire agreements, this may accelerate the return to the homeland of a significant part of Ukrainian refugees who have found refuge in the countries of the European Union. Based on the analysis of the attitude of Ukrainians, who received temporary shelter abroad, to returning to Ukraine, depending on the scale and nature of the armed confrontation with the Russian Federation and the actions of the Ukrainian government, the conditions for the increase in the number of those who are ready to return are predicted. Specific conditions of competition in the internal labor market under the conditions of employment of re-emigrants are highlighted. National and regional programs that should contribute to the return of a significant part of Ukrainian refugees from the war to Ukraine are characterized, as well as factors that can cause a reverse effect and a surge of migration abroad for the reunification of families outside the borders of our state. With the help of sociological and orientation-value methods , the hypothesis, that is put forward on the basis of the results of sociological surveys, was tested, that the main condition for the return of Ukrainian refugees from the war to their homeland is, first of all, ensuring the level of personal security, which they associate with the cessation of wartime or hostilities, and the prospect of obtaining a well-paid job and the level of socialization do not play a decisive role in making a decision on re-emigration. The relationship between the perception of the prospects for the end of the current Russian-Ukrainian war and the return of Ukrainians, primarily from European countries, to their homeland is determined, considering that the vast majority of those who left are women with children. The impact of regional competition on the labor market in Ukraine on the implementation of relevant programs for the return of Ukrainian refugees from the war was evaluated. |
| Assessment of technological pressure in Ukraine – EU trade | Author : Nataliya KALYUZHNA, Sviatoslav DASHKOV | Abstract | Full Text | Abstract :Ukrainian-European trade relations are characterized by deformation and asymmetry due to significant differences between the level of technology of goods exported from Ukraine and imported from EU countries. The purpose of the article is to assess the level of technological disparities in bilateral trade between Ukraine and the EU. The study is based on the hypothesis that there is a negative trend in the dynamics of the technological complexity of Ukraine's export and import goods in trade with the EU, which is a consequence of the economic asymmetry of trading partners. To confirm the hypothesis, the following methods were used: factor analysis, data normalization, and index one. The results of the calculation of the normalized average weighted indices of the technological complexity of Ukrainian exports and imports in trade with the EU illustrate that the level of technological complexity of imported products is higher compared to exported ones, and the dynamics of the Ukrainian export complexity index is negative. The results of the factor analysis of the indices of the complexity of Ukraine's export and import in trade with the EU confirm that from 2011 to 2021, the share of technologically complex products in their structure has significantly decreased. In order to analyse the asymmetry of trade relations between Ukraine and EU countries, the authors suggest using the concept of technological pressure as the difference between the values of the weighted average indices of the complexity of import and export products. The results of the calculation of the indicator of technological pressure in Ukraine's trade relations with the EU confirm the trend towards a reduction in the share of high-tech products in favour of an increase in low-tech products. The revealed trend can be interpreted as a decrease in the technological capacity of Ukraine and a source of threats to national economic security. Overcoming the unfavourable trend in the structure of Ukraine's trade with the EU requires the development of a strategy for the economic development of the state aimed at increasing the technological level of exported products. |
| Ukraine's foreign trade in agricultural products | Author : Iryna FEDULOVA | Abstract | Full Text | Abstract :Foreign trade in food products and raw materials for their production is an important part of the development of the Ukraine's economy. The products of the Ukrainian agro-industrial sector are in demand on the world market, and their export is part of ensuring Ukraine's competitiveness. The purpose of the article is to substantiate the directions of development of foreign trade in food products and raw materials for their production, from the point of view of the expediency of export and import. The specified goal is defined in the hypothesis that it is possible to distinguish certain groups of food products and raw materials for their production in accordance with changes in the indices of price and quantitative terms of trade in foreign economic activity. The methodological basis of the study is the defined indices of price and quantitative terms of foreign trade for 2021–2022, their comparison and positioning on the map. A number of important trends in foreign trade were identified, namely: a negative balance in general, a positive balance in the agricultural products and food sector, a high level of export and import concentration, a high share of products with a low level of processing, an increase in the share of imports and a decrease in the share of exports of food products and raw materials for their production in GDP. According to the results of the analysis of changes in the price and quantitative terms of trade, the positioning of food products and raw materials for their production and their further distribution into four groups were carried out. The first group consists of products for which the indices of price and quantitative terms of trade are increasing. The second group consists of products for which the quantitative terms of trade index is increasing and the price terms of trade index is decreasing. The third group is products for which the indices of price and quantitative terms of trade are decreasing. The fourth group includes products for which the index of price terms of trade is increasing and the index of quantitative terms of trade is decreasing. Consideration of directions for the development of exports and imports of food products and raw materials for their production took place for each commodity group of products in accordance with the Harmonized System (HS). The directions of development of exports and imports of food products and raw materials for their production in Ukraine are substantiated by the analysing trends in changes in quantitative and qualitative terms of trade, the main characteristics of exports and imports of products and the import-export coverage ratio. The conducted study made it possible to identify the prospects of the studied products in foreign trade in terms of benefits for the country as a whole and companies in particular. |
| Resilience of transport logistics in EU and Ukraine | Author : Larysa LEBEDEVA, Diana SHKUROPADSKA | Abstract | Full Text | Abstract :The Russian-Ukrainian war has significantly complicated the global logistics. Military actions have severely disrupted transport routes, leading to supply chain disruptions and triggering economic sanctions that have impacted global supply chains. The aim of the research is to identify key factors influencing the resilience of EU and Ukrainian transport logistics during the Russian-Ukrainian war, along with governmental policies aimed at enhancing this resilience. The hypothesis posited in the article suggests that ensuring transport logistics resilience during wartime is impossible without intergovernmental coordination and cooperation in route planning, infrastructure modernization, financing, and regulatory adaptation. To achieve this research aim, a combination of general scientific and specific methods was employed: historical and logical approaches, statistical analysis and aggregation, and the logical method. The article identifies three main attributes that define transport logistics resilience: the ability to withstand shock impacts, adaptability to shock impacts, and the ability to recover after shock impacts. Key challenges in business in Ukraine due to damaged transport infrastructure and logistics have been highlighted. Measures to ensure transport logistics resilience in Ukraine during wartime include transparent logistics system architecture, alternative delivery routes, cooperation and building reliable partnerships, and measures for monitoring and evaluating system effectiveness. Factors influencing transport logistics resilience in Ukraine and the EU have been determined, including the efficiency of customs and border procedures, the quality of trade and transport infrastructure, ease of organizing international deliveries at competitive prices, competence and quality of logistics services, and the ability to track shipments and ensure timely delivery to destinations. A comprehensive approach is proposed, encompassing infrastructure, organizational, technological, and economic measures to ensure transport logistics resilience. |
| Audit consulting: EU practice | Author : Kostiantyn BEZVERKHYI, Nataliia PODDUBNA | Abstract | Full Text | Abstract :The dynamism of globalization processes, constant changes in legislation, the existence of variability, and sometimes contradictions in the interpretation of legislation and standards of regulating accounting, reporting and auditing, are real challenges facing both domestic and foreign businesses. In such conditions, professional assistance in establishing business processes of an economic entity, carrying out its optimization and transforma-tional changes, assessing and managing risks is an integral part of business stability and sustainable economic development. Audit consulting, as one of the separate types of economic activity of the subjects of audit activity, is precisely the necessary and effective tool that helps businesses quickly navigate and adapt to a dynamic business environment. This is why audit consulting is becoming an important lever for supporting enterprises in achieving their business goals and ensuring financial stability. The aim of the study is to reveal the essence, purpose, and objectives of audit consulting, to develop the theoretical founda-tions of audit consulting, considering international experience of its implementation in domestic practice. The information base of the article were the works of domestic and foreign scientists in the field of activity of auditing entities and the search for alternative ways to increase their value for business and society as a whole. During the research, general scientific and special methods were used: theoretical generalization and grouping, formalization, analysis and synthesis; logical generalization of the results. The author's approach to revealing the conceptual basis for the construction and implementation of audit consulting in domestic reality has been formed. Audit consulting is the process of providing businesses and organi-zations with professional assistance and advice on issues related to auditing, financial transactions, optimization of financial reporting, tax issues and management decisions. Audit consulting is based on compliance with certain principles that ensure efficiency, reliability and objectivity of the process of providing consulting services to clients. In an inevitable prospect, the development of audit consulting may be an important task for audit firms and auditors working in this field. |
|
|