Economy, finances, management: Topical issues of science and practical activity


Issue №: 4 (54)

Published: 2020.12.21
DOI: 10.37128/2411-4413

The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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DOI: DOI: 10.37128/2411-4413-2020-4-6
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KOLESNIK Tatyana Candidate of Economic Sciences, Associate Professor of the Department of Administrative Management and Alternative Energy Sources, Vinnytsia National Agrarian University (21008, Vinnytsya, 3, Soniachna Str., e-mail: sergej.kolesnik@gmail.com).


Crisis related to distribution of COVID-19 requires significant state involvement in the response, which includes the definition of strategies formation and direct intervention in to the socio-economic processes. Governments of countries are addressing the development of stimulus and recovery packages strategies what have a goal to form in the future necessary potential for society and economy on the whole. In given environment, stable assets are needed, including an inclusive energy system capable of supporting energy development in accordance with the United Nations Sustainable Development Program and the 2016 Paris Agreement, this requires further research of the prospects for innovative development of renewable energy sector in the crisis of COVID-19 in the transition from the use of fossil fuels to the use of renewable energy sources.

Global forecasts from the International Renewable Energy Agency, the International Energy Agency, and the US Energy Information Administration have suggested ways to transform the global energy system. China's hybrid energy market is showing an increase in wind and solar energy production. Reduced costs in the United States have stimulated an increase in renewable energy capacity. In Ukraine, the important role of alternative energy can be identified in the stabilization of Ukraine's agro-industrial complex.

In the article reviews current trends and conditions in the development of the energy sector in the transition from the use of fossil fuels to the use of renewable sources in China, United States and Ukraine in terms of forecasting generation and justification of investment directions. A number of technical challenges and problematic aspects of management in the renewable energy sector in Ukraine are highlighted. Long-term goals are proposed for all stakeholders of the energy system in the transition from the use of traditional fuel to the use of biopropellant. The conceptual principles and prospects of scientific research in the formation of the National Renewable Energy Development Plan until 2030 are also outlined.

Keywords: refurbishable energy, global system, world crisis, economic development, COVID - 19, state stimulation.

List of references

1.                Honcharuk, I.V. (2020). Enerhetychna nezalezhnist yak suspilno-ekonomichne yavysche [Energy independence as a socio-economic phenomenon]. Economy and state, 8, 71-77 [in Ukrainian].

2.                Enerhetychna stratehiia Ukrainy na period do 2035 roku [Energy Strategy of Ukraine for the period up to 2035]. (2017). mpe.kmu.gov.ua. Retrieved from http://mpe.kmu.gov.ua/minugol/control/uk/publish/article?art_id=245239564&cat_id=245239555 [in Ukrainian].

3.                Zvit pro stan realizatsii Enerhetychnoi stratehii Ukrainy na period do 2035 roku «Bezpeka, enerhoefektyvnist, konkurentospromozhnist» za 2019 rik [Report on the state of implementation of the Energy Strategy of Ukraine for the period up to 2035 "Security, energy efficiency, competitiveness" for 2019]. (2019). mpe.kmu.gov.ua. Retrieved from http://mpe.kmu.gov.ua/minugol/doccatalog/document?id=245472866 [in Ukrainian].

4.                Kaletnik, G.M. (2019). Perspektyvy pidvyschennia enerhetychnoi avtonomii pidpryiemstv APK v ramkakh vykonannia enerhetychnoi stratehii Ukrainy [Prospects for increasing the energy autonomy of agricultural enterprises in the framework of the energy strategy of Ukraine]. Bulletin of Agrarian Science of the Black Sea Coast, 4, 90-98 [in Ukrainian].

5.                Kaletnik, G.M. (2013). Biopalyvo: prodovolcha, enerhetychna ta ekolohichna bezpeka Ukrainy [Biofuels: food, energy and environmental security of Ukraine]. Bioenergy, 2, 12-14 [in Ukrainian].

6.                Kaletnik, G.M. (2013). Rozvytok rynku biopalyv v Ukraini [Development of the biofuels market in Ukraine]. Bioenergy, 1, 11-16 [in Ukrainian].

7.                Lutsyak, V.V., & Tomashuk, I.V. (2019). Ekolohichnyi menedzhment potentsialu Vinnytskoi oblasti [Environmental potential management of Vinnytsia region]. Economy, finances, management: Topical issues of science and practical activity, 1 (41), 33-47 [in Ukrainian].

8.                Anders, H. (2020). Current direction for renewable energy in China. Oxford Institute for Energy Studies.

9.                US EIAO EA, USDE. (2020). Annual Energy Outlook 2020 with projections to 2050. U.S. Washington, DC: Energy Information Administration Office of Energy Analysis, U.S. Department of Energy.

10.           IRENA. (2020). Global Energy Transformation: A roadmap to 2050. Abu Dhabi: International Renewable Energy Agency.

11.           Frankfurt School-UNEP Centre/BNEF. (2020). Global Trends in Renewable Energy Investment. Frankfurt School-UNEP Centre/BNEF.

12.           IEA. (2020). India 2020 Energy Policy Review. International Energy Agency.

13.           Kaletnik, G., Lutsiak, V., Melnichuk, O., Dovhan, Y., & Malicki, M. (2019). Organizational basis of the development of innovative functional food products by the Ukrainian enterprises of deep walnut processing. Ukrainian Food Journal, 8(1), 169-180.

14.           Kaletnik, G., Pryshliak, V., & Pryshliak, N. (2019). Public Policy and Biofuels: Energy, Environment and Food Trilemma. Journal of Environmental Management & Tourism, 2(24), 479-487.

15.           Kulyk, M., Kalynychenko, O., Pryshliak, N., & Pryshliak, V. (2020). Efficiency of Using Biomass from Energy Crops for Sustainable Bioenergy Development. Journal of Environmental Management and Tourism, 5, 1040-1053.

16.           Deloitte Development.(2020). Midyear 2020 renewable energy industry outlook. Deloitte Development LLC.

17.           Pryshliak, N., & Tokarchuk, D. (2020). Socio-economic and environmental benefits of biofuel production development from agricultural waste in Ukraine. Environmental & Socio-economic Studies, 1, 18-27.

18.           REN21. (2020). Renewables 2020 Global Status Report. Paris: REN21 Secretariat.

19.           IRENA, IEA, & REN21. (2018). Renewable Energy Policies in a Time of Transition. IRENA, IEA and REN21.

20.           IRENA. (2020). The post-COVID recovery: An agenda for resilience, development and equality. Abu Dhabi: International Renewable Energy Agency.

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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "