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Collection of scientific works of the University of the State Fiscal Service of Ukraine

Journal Papers (38) Details Call for Paper Manuscript submission Publication Ethics Contact Authors' Guide Line
1 FINANCIAL STABILITY OF INSURANCE COMPANIES: RISK MANAGEMENT , Bogrinovtseva L.M., Zhytar M.O., Chamor G.S
In the article the essence of «financial stability» from the point of view of different scholars is considered, which, in turn, made it possible to generalize theoretical foundations as to its importance and necessity. The clas sification of risks that arise in the course of insurance activity and which influence its financial stability in particular is offered. It has been determined that the main ones are internal and external, in which the main groups and sub-groups of factors of influence on their financial stability were allocated. The risk management hedging mechanism is also presented based on a number of methods and methods for reducing potential losses in order to ensure its profitability and financial sustainability, and the importance of risk management is identified, which is one of the essential elements for achieving both financial stability and economic security of the insurer as a whole.
2 STRATEGIC MANAGEMENT OF DEVELOPMENT OF ENTERPRISES IN THE CONDITIONS OF COMPETITIVE ECONOMY , Vovk O. M., Kovalchuk A. M
The article examines the processes of strategic management of enterprise development with the focus of researchers on the application of management functions in the design stages of ensuring the effectiveness of changes and disclosing the role of enterprise competitiveness in achieving goals. The aim of the study is to improve the theoretical and methodological foundations of the strategic management of enterprise development. The methodological tools used in the preparation of the article include methods of retrospective analysis, systematization and classification, and graphical presentation of the results. The main scientific results are: the author's generalization of the types of development of economic systems, in contrast to the existing ones, is carried out in accordance with the interpretation of the concept “economic development”; clarified the concept of "strategic management of enterprise development"; suggested their own vision of the strategic development management process while increasing efficiency by applying a functional approach and taking into account the characteristics of the activities of aviation enterprises of the industrial sector.
3 THE UKRAINIAN FINANCIAL INSTRUMENTS MARKETS IN CONDITIONS OF GLOBALIZATION , Dankevych A. P.
In the article are considered discrepancy of the standard legislation of Ukraine to the international regulation of the markets of financial instruments. It is established that the main differences concern: mutual recognition between regulatory bodies of the Ukrainian security market and their colleagues from EU member states.
4 STAGES FORMATIONS THE TAX SYSTEM OF UKRAINE IN THE CONTEXT OF THE DEVELOPMENT OF THE DIGITAL ECONOMY , Donchenko T.V., Oliinyk A.V
The article analyzes the historical aspects of the formation of the tax system of Ukraine according to different approaches of scientists. It has been determined that many problems in the tax system, as history shows, at various times were similar, so studying this experience will help avoid mistakes in the future. The expediency of the study about formation of the tax system of Ukraine in the context of the information systems development, technologies and the digital economy has been proved. The fact is that the importance of the level of information and analytical support for the activities of tax authorities has an information and analytical system – a structure, that covers information technologies, systems and information resources for effective activities.
5 ANALYSIS OF INVESTMENT PORTFOLIO OF BANKS OF UKRAINE AND STRATEGY OF MANAGEMENT OF NIM , Kalusenko V. V.
The article deals with different points of view of the essence of the concept of "investment activity and investment portfolio of banks". The present state of formation and management of investment portfolio of banks of Ukraine is analyzed. It is also determined that in recent years, banking investment activities are not sufficiently successful and profitable, which in turn leads to an even greater decline of the national economy and the lack of innovation development. After all, it is the investment activity of banks that generates the movement of funds in the market, focusing them on the most important and important areas of development of society. In the course of the study, the main problems that arose during the formation and management of the investment portfolio by banks were also identified, and, accordingly, the factors inhibiting this process were substantiated. Based on this, the optimal investment strategy for Ukrainian banks was considered and substantiated.
6 IMPLEMENTATION OF OVERSIGHT OF PAYMENT SYSTEMS IN UKRAINE , Klymenko D.B.,Tatianina S.M
In the article “Implementation of oversight of payment systems in Ukraine” the concept of " oversight " is analyzed, the content of this activity is defined and the principles on which it is based. The central role of the central bank in the development and regulation of payment systems is determined. The current state of development of overtime in Ukraine is analyzed. The criteria of categories of importance of payment systems are given and the structuring of payment systems of Ukraine according to certain categories is given The main overview of payment payment systems operating in the territory of Ukraine, performance indicators of payment systems and prospects for the development of overviews in Ukraine are presented.
7 STATE BANKS IN UKRAINE , Klyusko L.A., Kovda N.I.
The article analyzes the state banking sector in Ukraine. Its features, place and role in the economy of the state are determined, advantages and disadvantages are identified, an assessment of the stress-analysis of financial stability is made. The prospects of each of the state banks for reducing the state's influence on the banking system are outlined.
8 FINANCIAL AND INVESTMENT POTENTIAL INSURANCE COMPANIES IN UKRAINE , Kovalenko Yu., Litvin Ya
The article explores the specifics of investment activity of insurance companies as a component of their main activity. The financial, financial and investment potential of the insurer is determined. The basic principles of the mechanism of formation and composition of this financial-investment potential are offered. The conditions of ensuring insolvency of the insurer, the system and the composition of insurance reserves have been identified. The dynamics of assets and insurance reserves in Ukraine is illustrated. The analysis of the distribution of insurers by assets, as well as the placement of insurance reserves at the present stage.
9 HISTORICAL AND CONTEMPORARY ASPECTS OF UKRAINE'S ACCESSION WITH THE INTERNATIONAL EXCHANGE FUND , Kovalchuk N.I., Kovalchuk V.M.
The article describes stages, mechanisms, current status, challenges and benefits of cooperation between Ukraine and the International Monetary Fund.It also outlines goals and trends in relations with the IMF as well as reveals grounds for further improvement. From the layed out material it can be concluded that further cooperation between Ukraine and the IMF should be based on an in-depth structural reforms and contribute to economic stabilization and rejection of IMF credit services will affect adversely on the stability of the Ukrainian economy.When choosing the tools of relations with the IMF, it is necessary to take into account the peculiarities of our country's modern economy and rely on its own experience and experience of other states.
10 FINANCING OF INCLUSIVE EDUCATION IN UKRAINE: PROBLEMS AND PROSPECTS , Kuzheliev M.О., Nechyporenko A.V.
The article deals with the approaches to funding inclusive education in Ukraine. The dynamics of the development of inclusive education, including in pre-school educational institutions, is researched. The role of state and local authorities in establishing the conditions necessary for the individual development of each child with special educational needs is determined. It is noted that the network of inclusive-resource centers is an important stage in creating a modern European system of providing educational services for children with special educational needs. The problematic aspects of financing inclusive education in Ukraine are considered and recommendations for its improvement are proposed.
11 ORGANIZATION AND METHODOLOGY OF ANALYSIS OF TAX BURDEN ON THE ENTERPRISE: THEORETICAL ASPECTS , Melnichuk A.S.
The іmportance of analyzing the tax burden on the enterprise for sound management decisions is substantiated. The scientific approaches to the selection of the stages for conducting the analysis and methods of determining the tax burden on the enterprise are considered. The goal are formulated, a sequence and methods for conducting the analysis of the tax burden on the enterprise are exposed. In the research were used such methods as: induction and deduction, logical generalization, critical analysis and synthesis, comparison, tabular method. Substantiated proposals can be useful to comparison of level of the tax burden on enterprises.
12 SPECIAL ISSUES OF INSTITUTIONALIZATION OF RELATIONS ON THE FINANCIAL MARKET , Onyshko S. V., Vengurenko T.G
The article is devoted to special aspects of the financial market institutional provision. It is obvious that the proper institutional provision can form the "rules of the game" on the financial market, which will allow its participants to achieve further development and to optimize financial risks but does not eliminate the risks of delaying the implementation and reaching the high effectiveness of such provision. This is connected with the scientific interest in finding out the reasons that affect the formation of this state. We emphasized on the necessity of creating an institutional environment not as an additional condition for protecting the interests of financial market participants but a as an integral sector of the economy. It is important to ensure the effectiveness of the institutional environment even with going beyond the formal rules but without diminishing the importance of informal norms.
13 MANAGING FINANCIAL RESOURCES OF NON-GOVERNMENTAL PENSION FUNDS IN UKRAINE , Pobocha K.,Khodakivska M
The article is devoted to solving the scientific and practical task of developing and substantiating theoretical positions and practical recommendations for ensuring the increase of the efficiency of management of financial resources of non-state pension funds of Ukraine in conditions of socio-economic instability. The peculiarities of financial resources of non-state pension funds are found out, namely: the formation and use of financial resources is carried out in accordance with the legislation; the intended purpose is clearly defined; their receipt and withdrawal has a cyclical character; accumulation and storage of long-term financial resources; their disposal is carried out by the asset management company. It has been investigated that the NPF directs its financial resources to retirement benefits, other liabilities, expenses and acquisition of assets.
14 ORGANIZATION OF SECURITY OF BANKING LENDING IN UKRAINE , Puhalska N.O.
The article deals with different points of view of the essence of the notion "security of banking activity". A brief analysis of the current state of the loan portfolio of Ukrainian banks. The paper also examines the theoretical and methodological principles of financial security of banking institutions, namely: reflects the essence of bank lending security, threats to credit security and risks of their occurrence. It was established that banks were not able to quickly adapt to financial-economic shocks and constant uncertainty in the political sphere. First of all, this has led to an increase in the level of credit risk, which in turn leads to an increase in reserve volumes and a decrease in investment opportunities. Therefore, ways to improve the financial safety of banks were proposed.
15 SIGNS OF THE THREAT OF THE ECONOMIC SAFETY OF THE ENTERPRISE , Snigir L.P.
The article substantiates the signs of threats to the economic security of enterprises. The reasons for creating threats to the economic security of enterprises and the tendencies that adversely affect the economic security of enterprises such as enterprises' absorption, forced bankruptcy of enterprises, obvious destabilization of the enterprise management system, which pursues the objectives of seizing control over enterprises, the use of law enforcement structures in resolving corporate conflicts, etc. are revealed. It was emphasized that risk factors, hazards and threats can be grouped according to different classification criteria.
16 FEATURES OF THE FUNCTIONING OF ENTERPRISES IN THE CONDITIONS OF CYCLIC DEVELOPMENT OF THE ECONOMY , Sosnovska O.O., Dedenko L.V.
The article states that cyclicality is a characteristic feature of the functioning of the modern economy. Economic cycles should be studied on the example of regions, industries, individual enterprises and countries. Considering the stable operation of the enterprise in cyclical conditions, one should take into account the life cycle of each of the elements of the economic system. It is proved that the proper level of economic security of an enterprise is a necessary factor in ensuring its stable functioning in the conditions of cyclical manifestations of the economy. The study of the specific features of the impact of the phases of economic cycles on the efficiency of the enterprises is an important task for achieving the target benchmarks in conditions of uncertain economic dynamics.
17 FOREIGN INVESTMENTS IN THE ECONOMY OF UKRAINE: CURRENT STATE AND WAYS OF IMPROVING INVESTMENT CLIMATE , Chunitska I. I., Makarenko O. Ya
In the article research of the state and level of bringing in of foreign investments is conducted in the economy of Ukraine, that assist development of national economy in general and is a stimulus for activation of entrepreneurial activity. The general state of economy of country, condition of conduct of business influences on an investment attractiveness, in particular degree of intervention from the state and level of corruption. It is set on the basis of the conducted research, that most attractive for foreign investors in an of a particular branch cut there are processing industry, financial activity, trade and operations, with the real estate, lease, engineering and grant of services businessmen. Certainly, that Ukraine has a considerable self-potential, skilled labour force, has considerable scientific and technical potential, present infrastructure, powerful production base, enormous internal market of sale of products and successful integration in a world financial and commodity market, and potentially can be one of leading countries after bringing in of investments. Grounded a necessity of search of the new modern going is near creation of favourable investment environment in the economy of Ukraine.
18 EVOLUTION OF THE REGULATORY INFLUENCE OF THE STATE ON THE DEVELOPMENT OF CUSTOMS RELATIONS IN THE CONTEXT OF PROVIDING CUSTOMS INTERESTS , Shevchuk S., Myskin, Y., Tsimbalyuk D
The article investigates the evolution of the regulatory influence of the state on the genesis of customs relations in the context of providing customs interests. A logical and epistemological analysis of the relationships between economic entities in the process of state creation and the emergence of customs relations was carried out, which allowed to reflect the casual connections between them in an evolutionary retrospective. It has been established that the primary causes of changes in the regulatory behavior of the state and economic entities include the review and reorientation of state interests, which, from the standpoint of evolutionary development, played the role of a key factor in the economic security of the state. As part of the study, the assumption was made of the long-standing nature of customs interests, which became one of the key factors in ensuring the economic interests and security of the state. The periodization of the peculiarities of the regulatory influence of the state on the development of customs relations in the context of the provision of customs interests has been developed.
19 THEORETICAL DIVERSITY OF DIFFERENCES OF NONGOVERNMENTAL PENSION FOUNDATIONS , Shimko Ya.R.
According to the results of a critical analysis of the approaches of scientists to the classification of types of non-state pension funds (NPF), classification criteria were identified and streamlined, and the main types of funds were identified. The author’s classification of types of NPFs is based on the separation of a set of classification criteria such as: organizational structure, founders, separation of fund assets from founders’ assets, founders’ participation in the distribution of fund profits, management structure, availability of fund participation, ownership of fund participants, form of participation in the fund, the principle of calculating pension payments, the ownership of pension assets, the life cycle stage, the riskiness of investments, the availability of guarantees, the dynamics of development, an attitude to competitors, generic type of development strategy. The presented classification of NPF allows to reveal the species diversity of funds and find their socio-economic importance.
20 ORGANIZATIONAL BASES OF IMPLEMENTATION OF FINANCIAL CONTROL FOR THE ACTIVITY OF THE UNITED TERRITORIAL COMMUNITIES IN UKRAINE , Shchur R.I I.
In the article the system of public financial control for the activity of the united territorial communities by the control bodies is investigated. The practice of financial control for the implementation of budgets of the united territorial communities by the State Audit Office of Ukraine is analyzed. The problematic aspects of the internal financial control for the efficiency of the use of financial resources of the united territorial communities are considered.
21 HUMAN POTENTIAL CONCEPT AND EVOLUTION OF ECONOMIC LAWS , Yakovenko R. V.
The article reveals new principles of the course of economic processes, which are determined by the existing changes in man, industry and society. Based on the provisions of the theory of human potential, the basic laws of production, consumption and circulation of goods and income are determined. The adaptation of theoretical and scientific research in the process of studying the transition from the "human person" to the "creative person" has been made, and the laws that characterize the course of economic processes are documented in the domestic and foreign literature.
22 UNBALANCE OF STATE FINANCE AS A FACTOR OF COURSE AND PRICE INSTABILITY , Bereslavska О.I І.
The article discusses the conditions for the effective implementation of inflation targeting, among which the main ones are the floating exchange rate regime and the balance of public finances. The factors affecting the volatility of the hryvnia exchange rate and the reasons for the imbalance of the state budget are analyzed. It is noted that the state budget deficit in the country at the present stage of economic development is large, and one of the main sources of its repayment - the issue of government securities carries exchange and price risks. An assessment of the volume of state debt of Ukraine was carried out and it was shown that it exceeds the level of maximum permissible. To balance the state budget, it is proposed to adhere to fiscal rules.
23 DIRECTIONS OF IMPROVEMENT OF FINANCIAL STABILITY OF INSURANCE COMPANIES OF UKRAINE , Bogrinovtseva L.M., Chamor G.S
The article deals with the essence of financial stability and the necessity of its provision in the conditions of aggravation of crisis phenomena in the economy of the state. The current state of activity of insurance companies is analyzed, namely: tendencies to change the number of insurers in the financial market and the main indicators of their activity. The main problems of ensuring the financial stability of domestic insurance companies, which, as well as the factors influencing it, should be divided into internal and external. On the basis of these problems, the key directions of improvement of the activity of insurers and their financial stability in particular were summarized.
24 SOME ASPECTS OF DEVELOPMENT OF THE EXCHANGE MARKET IN UKRAINE , Boldova A., Boldova Y
In this article, the principles and features of the current state of the foreign exchange market of Ukraine as a component of international economic relations generalized. The article covers some problems of the development of the foreign exchange market of Ukraine and describes the policy of the National Bank of Ukraine to overcome them. Also, a number of conditions are set out, which will contribute to the normalization of the functioning of the foreign exchange market; the goals, the achievements of which will contribute to the further development of the foreign exchange market in Ukraine, are considered;a number of factors have been identified that threaten the growth of capital outflows and the development of the monetary system. The article also recommends ways to separate aspects of the development of the currency market and provides certain measures to eliminate existing threats.
25 WORLD TRENDS AND PROSPECTS ENTERPRISES OF LIGHT INDUSTRY OF UKRAINE , Нurochkina V., Kravchenko L .
Article deals with current state and structure of light industry. The place in the world ranking of Ukraine on conditions of Doing Business and Competitiveness in comparison with other countries of the world is investigated. The volume of foreign trade of Ukraine in the section of textile finished products is indicated. The position of light industry development of Ukraine, key drivers of product production and features in conditions of unstable environment are identified. Dynamics of development world championship (TOP-10) of light industry and indicators of their capitalization are investigated. The main systematic problems of industry decline are listed and strategic prospects of development light industry enterprises of Ukraine are defined.
26 ESSENCE OF COMMANDS AND PROFILES , Yevtushenko H., Filonenko S.
The article summarizes author definitions, various scientific approaches to the disclosure of the essence of the concept of "project team"; the issues related to the peculiarities of management of the project team were considered and the ways of its rational functioning were determined. Emphasizes the importance of owning the project manager with the basic skills of management, the creation of a qualified team of motivated professionals who have a wide range of competencies that enable the company to work qualitatively to achieve a common goal in implementing the new project.
27 NEOBANKING:FOREIGN EXPERIENCE AND UKRAINIAN PERSPECTIVE , Zhytar M.O., Zelinska V.S.
The aut hors investiate the economic nature of a new typ eofbanks, thesocalled "neobanks". The main advantages of neobanks over traditional banks are investigated, problems and disadvantages of development of virtual bank sare investigated. The foreign experience of development of neobank sisconsidered and the top 10 online banks of the worldin 2019 according to Go Bannking Rateare presented. The only Ukrainian neobank - Monobank, its peculia rities of functioning – was also investigated. On the basis of the analyze ddata, conclusion sare drawnregarding the prospects for the development of neobanksin Ukrainein the realities of today.
28 STATE POLICY OF REGIONAL DEVELOPMENT OF UKRAINE: MODERN STATUS AND PROSPECTS , Kantsur I.G., Gusyatinskaya A.M., Povch V.O.
The article investigates the current state of the state policy of regional development of Ukraine. It is determined that regional policy is an integral part of the state policy, which regulates relations between the state and the regions and aims at organizational support of the territory in accordance with the state development strategy. The problems of development of the regions of Ukraine are identified and the directions of their development are outlined. The experience of regional policy of the European Union is researched and it is found that the strategic task of the Ukrainian authorities is to enhance the effectiveness of the processes of cooperation with the European Union in the context of effective implementation of state regional policy. It has been established that the improvement of regional policy and mechanisms for its implementation should take place under conditions of providing a comprehensive approach to managing regional development.
29 INNOVATION IN THE FIELD OF BANKING BUSINESS , Klyusko L.A
The article investigates the essence of banking innovations in Ukraine, identifies their types and defines a special role in the modernization of activities, ensuring the competitiveness and financial stability of banks, as well as in the development of the economy as a whole. Much attention has been paid to the National Bank of Ukraine's innovative supervisory tools, such as: the requirement to form and define each bank's business model for its activities; introduction of a comprehensive supervisory assessment (SREP), which determines the viability of the business model and the sustainability of the bank's development strategy.
30 STATE FINANCIAL CONTROL IN UKRAINE IN CONDITIONS OF DECENTRALIZATION: REGIONAL ASPECT , Kuzheliev M.О
The article describes the issues of organization of state financial control in Ukraine in conditions of decentralization. The system of state financial control bodies is considered. Financial management of Ukraine, in particular financial control at the regional level, has been analyzed. It is noted that financial control at the regional level is an independent source for identifying the causes of violations, as well as an effective means of making decisions to prevent violations. The main problems of state financial control are considered. The directions of development of the system of state financial control in Ukraine in conditions of decentralization taking into account the social and economic development of the country are justified.
31 BACKGROUND OF FORMING A MECHANISM FOR THE DEVELOPMENT OF INNOVATIVE INFRASTRUCTURE , Lazebnyk L.L., Dryzhenko O.А.
The article explores the theoretical essence of the premises and the elements of the formation of the mechanism for the development of innovative infrastructure. The dynamics of the investment attractiveness index of Ukraine is considered. A mechanism is proposed for the interaction of subjects of economic activity and innovative policies in the field of scientific technologies to increase competitiveness and economic well-being.
32 METHODOLOGY OF EVALUATION OF SHADOW ACTIVITIES OF SMALL BUSINESSES , Levshuk A.A.
The article discusses in detail the causes, main forms and impact of the small business shadow sector on the entire economic system. Key problems of shadowing of small business are investigated. The situation of illegal business in Ukraine is reflected, the main areas of distribution of this phenomenon are highlighted.
33 WAYS TO ENSURE THE EFFECTIVE FUNCTIONING OF SMALL ENTREPRENEURSHIP IN UKRAINE , Lisnichuk O., Matviychuk V.
Small business plays an important role in the development of a primarily regional economic system and in addressing a number of local problems: the development of competition, the development of consumer markets, the provision of workplaces, the improvement of living standards and the social environment. The article explores the theoretical aspect of the current state of small business in Ukraine, discusses its problems. Negative and positive factors of influence on small business activity, causes and criteria of negative state of small business are noted. It is found that the main reasons for the inefficient functioning of small business are: the existence of a relationship with public authorities, that is, corruption; inability to carry out fully transparent and legal activities; low level of access to credit and financial resources; complicated taxation process and excessive pressure in this area; advancing the interests of large enterprises compared to small ones at the national level; lack of support for small business by the state; low level of training of small business workers etc. Issues related to the business environment in Ukraine are considered. Some indicators of the Small Business Attitudes Index and the favorable business environment, such as the Doing Business World Bank rating, are analyzed. The dynamics of Ukraine's indicators in the rating "Doing Business - 2018" are presented. The article considers and proposes ways and measures to improve the activity of the enterprise, the business environment and further ensure its effective functioning in Ukraine for the future development of the economy as a whole. It is determined that the main measures for improving and further effective formation of small business activities are: to stop the corruption ties in the country; expand access to possible types of financial resources; strengthen state support for small businesses; to provide conditions for introduction of modern innovative technologies in business activities; to provide better conditions for training and retraining of small business entrepreneurs; improve communication, information and advisory business and more.
34 DEBT SECURITY OF UKRAINE: ESSENCE AND CURRENT STATE , Nechyporenko A.V., Mamalyga A.V.
The article describes the essence of the concept of debt security and identifies the main factors that affect it. The current state of debt security of Ukraine by indicators of impact in accordance with the realities of the state financial policy has been analyzed. The assessment of the debt security of Ukraine for the period 2009-2018 was carried out. It was noted that one of the significant factors that affects the social and economic development of the country, forming trends towards its braking, is the growth to threatening limits of debt load. Key problems of ensuring the debt security of Ukraine have been identified and measures to increase it have been proposed taking into account modern challenges.
35 MORTAGE LENDING DEVELOPMENT TRENDS IN UKRAINE , Pobocha K., Mole Y.
The article presents the results of the analysis of the current state, key problems and prospects of the development of mortgage lending in Ukraine. The comparative characteristics of mortgage lending conditions in Ukraine and EU countries are presented, the main indicators of the mortgage lending market in Ukraine, the dynamics of changes in mortgage bank lending for the period from 2013 to 2018. Based on the problems outlined, concrete effective measures have been proposed to overcome them in order to strengthen the positions of the prospective development of mortgage lending in Ukraine.
36 ENTERPRISE PROFIT MANAGEMENT , Poddyerogin A.M., Dzhufer D.B
The article considers the essence of profit as an economic category, the main tasks of its formation, distribution and use, a systematic approach to profit management, a structural-logical scheme of profit formation, profit distribution depending on the legal form of managing and participation of foreign capital, the content of profit planning, tasks that are solved in the process of managing profit.
37 FOREIGN EXPERIENCE OF APPLICATION OF THE SYSTEM OF DETECTION AND TRACKING OF PACKAGING GOODS TRACK&TRACE AS A MECHANISM FOR COUNTERING ILLEGAL TURNOVER OF TOBACCO PRODUCTS , Tartachnik N.G., Kravchenko I.S.
The article describes the results of a study of foreign experience in implementing the Track&Trace (T&T) electronic tobacco detection and tracking system. In particular, the prerequisites and the need for the introduction of this system, the volumes of the illegal tobacco market before and after the implementation of the Track&Trace system are considered. The features of the phased practical application of the tracking system, initial investments and financing of the existing system are identified. Conclusions are drawn on the effectiveness and feasibility of its implementation to counter illicit trafficking in tobacco products.
38 THEORETICAL ASPECTS FOR ENTERPRISES INNOVATIVE DEVELOPMENT , HU SUNJIE
The article considers the economic essence of the concept of "investment" and presents the defining scientific approaches of understanding their content. Theoretical aspects were summarized and significant trends of interpretation of the concept "innovative development of enterprises" were identified. The necessity for enterprises innovative development in conditions of global processes and economic transformations in Ukraine is substantiated.