The main task of any economic entity in the context of crisis development is the timely development of anti-crisis measures, as well as the assessment of the ability to implement them in order to reduce the risk of bankruptcy and liquidation. An important place in the process of anti-crisis management in particular and the system of anti-crisis management in general is occupied by an anti-crisis capacity, the assessment of which allows determining the expediency of realization of anti-crisis measures and assessing their potential success. The problems of crisis development of enterprises and anti-crisis management are devoted to many scientific works of both domestic and foreign economists, among which the following should be noted:
The article is devoted to a detailed analysis of the Ukrainian cryptocurrency implementation peculiarities and its impact on changes in economy. Additionally, the article gives a brief description of the world economy transformation processes, which are influenced by innovative instruments, primarily cryptocurrencies, blockchain technologies and smart contracts. These changes can fundamentally reshape current economic models and shape the new "digital economy". It's proved that Ukraine's economy must be open and flexible to such transformation processes, and therefore the national cryptocurrency development and implementation can prepare the domestic economy and give it considerable leading advantages over other countries. Moreover, currently working Ukrainian cryptocurrency projects have been researched and the main limitations and pitfalls of their functioning have been studied. The main attention is paid to the private UCH project, which is not only based on the blockchain technology like previous projects, but also uses smart contract platforms in three different spheres of Ukraine's economy and has a great potential for launching significant positive changes for Ukraine's economy. Furthermore, the advantages of the national cryptocurrency introduction and its possible functional features are considered in the article. These are: modernization of financial relationships-the national cryptocurrency is expected to improve, simplify and modernize the financial process; decentralization of financial relationships-the cryptocurrency is based on decentralized databases,
The paper is devoted to the investigation of the current state and trends of the insurance market in Ukraine. A number of indicators characterizing the state of insurance market development, such as: the number of insurance companies engaged in risky types of insurance and life insurance; volume and dynamics of gross insurance bonuses and insurance payments; dynamics of the number of concluded agreements on voluntary and compulsory types of insurance, as well as reinsurance agreements; volume and dynamics of assets and insurance reserves of domestic insurance companies are analyzed in this scientific paper. Comparative analysis of the above mentioned indicators with similar indicators of foreign countries is carried out. It is defined that the insurance market of Ukraine lags far behind the countries of Europe, the USA, China, Japan and other developed countries. The reason for such low development is the difficult economic situation in the country caused by such factors as the change of power in 2015, the occupation of part of the territory by the Russian Federation, which shattered the previously unstable economy. Although the economic situation in the country has stabilized in recent years, this is not enough for the insurance market to reach the level of developed economies. The investigation results are presented in the form of tables and graphical interpretations. The factors of positive and negative influence on the development of domestic insurance market are determined and characterized. The main factor influencing the insurance market and ensuring its stability is the control of measures increasing the level of the population insurance culture and the reliability of insurance companies. Such measures will increase the demand for insurance services, insurers will be interested in doing their best and these factors will result in financial market stabilization. This effect will be achieved if the state and insurance companies act in coordinated manner, i.e. if the state provides the insurance market with regulatory framework with unobtrusive supervision, and insurers perform their work honestly and conscientiously. A number of recommendations for the development of domestic insurance companies and the market in general are developed. The main measures are to attract capital not only from European countries, making the insurance market more attractive, but to develop the health insurance, as medicine is quite expensive and the income is low, as well as to introduce the new insurance products due to the development of all industries.
The prospects and problems of direct foreign investment as a very important factor in the development of the Ukrainian economy are determined in this paper. Foreign direct investment (FDI) is the most desirable form of investment, because it enables to implement large projects; in addition the country receives new technologies, new corporate governance practices, etc. Over the past years, according to the policy of the Ministry of Economic Development and Trade of Ukraine conserning capital raising in various spheres of the economy, numerous negotiations with major investors regarding their affiliates opening on the state's territory are directed. As a result, such actions result in changes only in certain spheres of the economy, but do not affect the overall investment climate in the country. For global changes in this area, it is necessary to change conditions and factors influencing the investment subjects. The highest level of investment in the economy of our country was observed in 2013 and amounted 4.5 billion US dollars. Unfortunately, after the outbreak of hostilities, the amount of investments dropped sharply to 0.4 billion US dollars in 2014 and 3.07 billion in 2019. Therefore at present the government should make great efforts to increase the level of confidence of potential investors. However, the structure of past investments did not contribute to balanced development or structural modernization of economy (exports of high-tech products in 2019 amounted to 7.2% of the country’s industrial exports). Authoritative financial institutions such as the World Bank, Rating and Investment Information, Inc., McGraw-Hill, analyzing the investment environment in Ukraine, declare that the main obstacles of this area improvement are: high level of bureaucracy of processes (such as registration of new enterprises and registration of necessary documents for its activity), high level of corruption, imperfection of legislation and complexity of property interests protection of enterprises in courts. As a result, the Cabinet of Ministers of Ukraine in 2015 adopted the plan regarding the implementation of the best practices for high-quality and efficient regulation reflected by the World Bank Group in Doing Business rating methodology. Here the priority development areas, including agricultural sector, transport infrastructure, light manufacturing and IT industry are also identified. The assumptions of the ministry are confirmed by the data of the association`s research, according to which the IT sphere in Ukraine steadily grows by 11–26% each year. Regardless of the general state of economy, and the volume of this industry exports amounted $ 4.5 billion US dollars in 2019. The result of the state investment plan is also the announcement of two major airlines about their intention to invest $ 4 billion in the Ukrainian economy, which exceeds the total volume of direct investments in the previous year. The importance and necessity of the investment climate improvement are analyzed and presented and recommendations for improving the investment quality are developed in this paper. The negative influence of both economic and non-economic characters concerning the attraction of FDI to the domestic economy is defined as well.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.