IMPACT OF THE DEVELOPMENT LEVEL OF THE BLACK SEA REGION ON THE DIRECTIONS OF IMPLEMENTATION OF FISCAL POLICY

The influence of the level of development of the Black Sea region (on the example of Mykolaiv, Odessa and Kherson regions) on the directions of implementation of the fiscal policy of the state is investigated. The results of the analysis prove that the most favourable conditions for economic activity in the Black Sea region have been created. High-quality service of payers and good business attitude to paying taxes are provided. The key to economic stability and economic security is the high level of responsibility of business in the region. Improvement of conditions for doing business has led to the increase in the revenue side of the region and to the increase in revenues to the local budget. It has provided an opportunity for local governments to allocate additional funds to finance the social and cultural sphere of the population and residents of the region. It is proved that the indicator of budget revenues of communities is not an instant indicator of recovery of economic growth. Local budget revenues are influenced by the following factors: inflation, rising nominal wages, direct state support (transfers), fiscal decentralization. Extending the rights of regional local authorities and transferring them with a number of powers will stimulate the development of industry and small businesses. Only in this case it will be possible to observe an increase in the share of own and fixed sources of income in local budgets and a decrease in the share of transfers. It is determined that strategic regional economic growth in the process of implementation of fiscal policy should reach its main goal - it is the increase in the revenues and powers of the regions, and hence the improvement of the social and economic situation. At the current stage of development of the fiscal system it is necessary to decentralize not only expenditures, but also incomes; to reduce regional disparities and ensure the economic development of the regions; to establish a transparent process of fiscal equalization to eliminate regional imbalances; to provide the transparent and controlled funding system.

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INSTITUTIONAL ASPECTS OF FORMATION OF ECONOMIC GROWTH MODEL OF THE BLACK SEA REGION

Economic Analysis ◽

10.35774/econa2018.01.062 ◽

2018 ◽

pp. 62-70

Author(s):

Irtyshcheva Inna ◽

Dmytro Krylenko

Keyword(s):

Economic Growth ◽

Regional Development ◽

Growth Model ◽

Black Sea ◽

The Black Sea ◽

Black Sea Region ◽

Development Models ◽

Economic Growth Model ◽

Institutional Aspects ◽

Social Components

Introduction. The modern stage of economic transformations on the basis of the introduction of regional development models requires the use of innovative approaches to reforming the economy of the regions. An innovative approach can be implemented within the framework of all possible regional development models, which need to be established and implemented, taking into account the needs of specific regions and territories. Purpose. The article aims to substantiate the institutional aspects of formation of economic growth model of the Black Sea region. Results. It has been established that conceptual and strategic reference points of the development of the Black Sea region should take into account the features of its structural components, including economic and social components, environment and spatial regional development. The economic and social components cause a logical change in the characteristics of material and ideal regional objects. The environment covers living and inanimate objects existing in and around the region, including natural and altered human objects. Spatial regional development is a multidimensional process that integrates various forms of combining individual components of regional development. On the basis of our research, we have created the author's institutional model of economic growth in the Black Sea region. The purpose of institutionalization is the development of self-sufficient regional civil society institutes, the formation of competitive territorial communities and the strengthening of the vertical of the executive branch. The realization of this goal is based on the main strategic resources inherent in each particular region. On their basis, while using the principles of economy modernisation and the economy decentralisation of financial activities of the region, we can try to reach the planned results.

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PUBLIC AWARENESS OF EUROPEAN AND EURO-ATLANTIC INTEGRATION TO ATTRACT INVESTMENT ON THE EXAMPLE OF THE BLACK SEA REGION OF UKRAINE

Black Sea Economic Studies ◽

10.32843/bses.66-6 ◽

2021 ◽

Author(s):

Oleksii Kulakov

Keyword(s):

Black Sea ◽

Negative Impact ◽

Public Awareness ◽

International Experience ◽

The Black Sea ◽

Investment Efficiency ◽

Black Sea Region ◽

Exchange Programs ◽

Stage Of Development ◽

Small And Medium Business

At the present stage of development in the economy of Ukraine there is the problem of attracting investment. Various countries of the European Union and other countries are ready to invest in the Ukrainian economy. Investments develop the economy of Ukraine, namely, support small and medium-sized businesses, introduce the latest technologies, improve public authorities and more. It is necessary to intensify foreign investment in the Black Sea (southern) Region. Based on statistics, the most stable increase in exports of goods is observed in the economy of Mykolaiv region, which indicates the development of projects and programs of European and Euro-Atlantic integration, but in Donetsk, Odessa and Kherson regions unstable increase in exports of goods, so it is necessary to increase projects and programs European and Euro-Atlantic integration to attract investment, as well as increase the implementation of international experience exchange programs for small and medium-sized businesses. Based on statistical data, the unstable increase in imports of goods was revealed, which does not show the significant negative impact on the economy of the Black Sea Region of Ukraine, but it is necessary to increase investment efficiency and implement investment projects. As the result of the analysis the growth of foreign direct investment in the economy of the Black Sea Region of Ukraine is investigated, which shows insufficiently effective development of the economy of the Black Sea Region of Ukraine, therefore it is necessary to increase the attraction of foreign investments in the economy, to support small and medium business in the economy and to introduce international experience exchange programs for small and medium business in the economy of the Black Sea Region of Ukraine, etc. It is considered that to increase the implementation of projects and programs of European and Euro-Atlantic integration to attract investment in the Black Sea Region of Ukraine it is necessary to perform the following actions: implement anti-corruption programs, realization training for civil servants of Ukraine, introduce international experience exchange programs, etc.

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CLUSTERING WITHIN THE BLACK SEA REGION FOR ECONOMIC SECURITY OF THE BORDER REGIONS IN SOUTHERN RUSSIA

5th SGEM International Multidisciplinary Scientific Conferences on SOCIAL SCIENCES and ARTS SGEM2018, Science and Humanities ◽

10.5593/sgemsocial2018/4.1/s15.001 ◽

2018 ◽

Author(s):

Alexander Druzhinin

Keyword(s):

Black Sea ◽

Economic Security ◽

The Black Sea ◽

Black Sea Region ◽

Border Regions ◽

Southern Russia

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SOCIO-ECONOMIC DEVELOPMENT AND INVESTMENT INNOVATIVE ACTIVITY OF BUSINESS ENTITIES ON THE EXAMPLE OF THE BLACK SEA REGION OF UKRAINE

Black Sea Economic Studies ◽

10.32843/bses.64-3 ◽

2021 ◽

Author(s):

Oleksii Kulakov

Keyword(s):

Economic Development ◽

Black Sea ◽

Local Governments ◽

Capital Investment ◽

Fiscal Decentralization ◽

The Black Sea ◽

Gross Regional Product ◽

Foreign Investments ◽

Black Sea Region ◽

Regional Product

Different countries invest in the Ukrainian economy by investing in regional development programs, various enterprises and so on. Investments develop the Ukrainian economy by improving the economic environment, upgrading infrastructure, improving public authorities, improving the humanitarian situation, supporting small and medium-sized enterprises, introducing resource and energy-saving technologies, strengthening human rights, training workers and more. It is extremely important to intensify foreign investment in the Black Sea (southern) Region. The study shows the importance of fiscal decentralization, which is often a weak or even absent link of decentralization. One of the most common problems of fiscal decentralization is the mismatch between the responsibilities of local governments and the resources available to local governments. Thus, a well-organized system of fiscal decentralization is vital to the success of the decentralization process. It was found that most foreign direct investment in Donetsk and Odessa regions, which indicates the development of investment attractiveness of the Black Sea region of Ukraine. But in the Mykolaiv and Kherson regions there are less direct foreign investments that needs increase of investment attractiveness of the Black Sea Region of Ukraine. It is analyzed that the best indicators of capital investment in Donetsk and Odessa regions, which indicate the attraction of capital investment in the economy of the Black Sea Region of Ukraine. In Mykolaiv and Kherson oblasts there are small volumes of capital investments, which demonstrate insufficient investment efficiency and it is necessary to increase the efficiency of investment projects implementation. It is investigated that the best indicators of gross regional product in Donetsk and Odessa regions, which show the development of the economy of the Black Sea region of Ukraine. In Mykolaiv and Kherson regions, the volumes of gross regional product are smaller, which show insufficient economic development and it is necessary to support small and medium business, attract new foreign investments, raise the image of the Black Sea Region of Ukraine, etc.

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Natural gas transport system in the extended region of the Black Sea in the current geopolitical, geo-and geo-economics context

Proceedings of the International Conference on Business Excellence ◽

10.1515/picbe-2017-0009 ◽

2017 ◽

Vol 11 (1) ◽

pp. 81-92

Author(s):

Alin-Nicușor Calopereanu ◽

Eugen Prioteasa ◽

Ileana Vălimăreanu Mircioi

Keyword(s):

Natural Gas ◽

Black Sea ◽

Energy Security ◽

Alternative Energy ◽

Economic Security ◽

The Black Sea ◽

Black Sea Region ◽

Analysis And Synthesis ◽

Natural Gas Transport ◽

Alternative Sources

Abstract Energy security as an integral part of economic security is seen by the involved actors from two perspectives: alternative sources and alternative energy routes, respectively as the interdependence between consumers and suppliers at all levels of the cycle of production, transport, distribution. The present article aims to present the existing realities of the transport routes of natural gas from the Extended Black Sea Region, and a brief analysis on the main projects outlined in this area in the context of contemporary challenges to global security. The methods used in elaboration of this article are documenting, analysis and synthesis.

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ESSENCE AND SIGNS OF INVESTMENT OF THE NATIONAL ECONOMY ON THE EXAMPLE OF THE BLACK SEA REGION OF UKRAINE

Black Sea Economic Studies ◽

10.32843/bses.63-6 ◽

2021 ◽

Author(s):

Oleksii Kulakov

Keyword(s):

Black Sea ◽

Foreign Investment ◽

National Economy ◽

Social Protection ◽

Statistical Data ◽

The Black Sea ◽

Industrial Complex ◽

Black Sea Region ◽

Stage Of Development ◽

Definition Of

At this stage of development of Ukraine’s economy it is necessary to analyze the nature and characteristics of investment in the national economy. To increase the investment attractiveness of Ukraine requires systematization of investment characteristics. Due to the lack of investment, the classification of types of investments will help the economic development of Ukraine. There are also quite different definitions of investment, which is of great importance for the investment development of Ukraine. It is necessary to analyze and generalize scientific approaches to create a definition of “investment”. Intensification of foreign investment helps the development of industry, agro-industrial complex, education, science, social protection and more. It is extremely important to intensify foreign investment in the Black Sea (southern) Region, namely in Odessa, Mykolaiv, Kherson and Donetsk regions. After all, all these areas participate in the Black Sea Basin program. Therefore, the problems of the essence and features of investments of the national economy become relevant, the analysis of these problems will increase the investment attractiveness of Ukraine and its regions. The article analyzes the scientific approaches to defining the category of ‘investment” by different authors, as well as related concepts that are directly related to this category. The signs of investments are systematized. Based on the analysis and generalization of scientific approaches, the definition of the category “investment” is proposed. Based on the analysis of statistical data, the growth of foreign direct investment in the economy of the Black Sea Region of Ukraine was revealed. Taking into account the statistical data, it is investigated that there is almost no increase in the volume of foreign investment per unit of national currency (hryvnia) of the gross regional product (GRP) in the Black Sea Region of Ukraine. It is considered that the growth of foreign investment per capita is low in the Black Sea Region of Ukraine, which requires attracting new foreign investment in the Black Sea Region of Ukraine, support small and medium enterprises in the Black Sea Region of Ukraine.

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Romania’s genesis as a NATO member state

European Historical Studies ◽

10.17721/2524-048x.2018.11.170-188 ◽

2018 ◽

pp. 170-188

Author(s):

Galyna Mingazutdinova

Keyword(s):

Black Sea ◽

Essential Element ◽

Regional Security ◽

The Black Sea ◽

Strategic Partner ◽

Black Sea Region ◽

The Balkans ◽

The North ◽

The Social ◽

International Image

The article touches upon Romania’s path towards obtaining its NATO membership, as well as the prerequisites of shaping of its international image in the sphere of security. The external reasons of activating Romania’s accession to the North Atlantic Treaty Organization have been analyzed, and the fundamental geopolitical factors of Romania’s importance and contribution to the Transatlantic and regional security have been outlined. The article also reveals the basic stages of rapprochement between Bucharest and NATO in 1990 – 2004. Special attention has been paid to the process of the Romanian military sector reforming in early 1990s, which constituted an essential element of the country’s gaining membership in the Alliance. Some comparisons of the Romanian and Ukrainian paths towards obtaining NATO membership and introducing their Euro-Atlantic integration have been made. It is concluded that en route towards NATO, not only did Romania succeed in holding some essential reforms of the social and political sectors to fulfill its Euro-Atlantic aspirations, but it also has found itself in a particularly profitable situation of the international security situation’s transformation. What is more, Romania did prove itself as an important strategic partner with its geopolitical and geographical position in the Black Sea basin and in the Balkans. Today, these factors continue contributing to Romania’s importance for NATO’s practical activities aimed to provide peace and security to the Black Sea region.

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FINANCIAL MECHANISM OF THE SOCIO-ORIENTED ECONOMIC DEVELOPMENT OF THE BLACK SEA REGION

Baltic Journal of Economic Studies ◽

10.30525/2256-0742/2018-4-4-202-208 ◽

2018 ◽

Vol 4 (4) ◽

pp. 202-208

Author(s):

Marianna Stehnei ◽

Inna Irtysheva ◽

Olena Gurina

Keyword(s):

Economic Development ◽

Social Development ◽

Social Services ◽

Black Sea ◽

The Black Sea ◽

Black Sea Region ◽

Social Sphere ◽

Regional Budget ◽

The Social ◽

Financial Mechanism

The aim of the article is to study the current state of financial provision of the social sphere of the Black Sea region and to develop practical recommendations for its optimization in conditions of decentralization processes. Methodology. We have made a generalization of the theoretical provisions of the financial mechanism of the social sphere of the region. We propose to investigate the financial mechanism of the social sphere of the Black Sea region by means of analysis of indicators of income and expenditure parts of the budget of regions of the Black Sea region. At the present stage of the gradual transformation of the socio-economic development of the regions and in the context of the implementation of the budget decentralization reform, a number of acute problems from the financial support of social development, the guarantee of social standards for the population, and the improvement of the quality of social services arose. The solution of these problems needs a substantial research in the direction of developing the best models for financing social development of the regions, which will promote the achievement of decent social standards and stimulate economic growth. The financial mechanism for providing social development of the Black Sea region is analysed, the current state of the regional budget in terms and trends in financing social expenditures of the region is identified. It is determined that despite the increase in tax revenues, local authorities still do not have sufficient financial resources to perform their functions and tasks. It adversely affects the development of social infrastructure, provision of social services, and does not contribute to the effective human development, which serves not only as the main goal but also as a key determinant of the economic development of the region. It is substantiated that in order to improve the situation in the social sphere of the region, it is necessary to improve the financial mechanism of social security. On the basis of the investigated scientific approaches, the concept of “mechanism of the financial provision of socially-oriented regional development” is clarified, directions of budget and extrabudgetary financing of social expenditures are substantiated, and proposals on the improvement of financial management of social sphere in the conditions of decentralization are developed. Results. To improve the system of financial provision of social development of the region, it was proposed to establish clear and transparent financial relations in the areas of income generation and distribution of regional budget expenditures at all levels, to create conditions for additional attraction of financial resources from extrabudgetary sources aimed at the implementation of regional social programs, and to form an effective system control over the functioning of the financial mechanism, primarily on the part of the territorial communities. Value/originality. The concept of the mechanism of the financial provision of socially-oriented regional development is generalized. An estimation of the social sphere of the Black Sea region is carried out on the basis of the analysis of indicators of income and expenditure parts of budgets of regions of the Black Sea region, the use of which allows determining the perspective directions of the social sphere of the Black Sea region.

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