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


Issue №: 1 (67)

Published: 2024.03.31
DOI: 10.37128/2411-4413-2024-1

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: 10.37128/2411-4413-2024-1-8
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SAMOILYK Iuliia – Doctor of Economic Sciences, Professor, Professor of the Department of Economy and International Economic Relations, Poltava State Agrarian University (36003, Poltava, Skovorody, 1/3, e-mail: iuliia.samoilyk@gmail.com).

SVYSTUN Liudmyla – PhD of Economic Sciences, Associate Professor, Associate Professor of Finance, Banking Business and Taxation, Yuriy Kondratyuk Poltava Polytechnic National University (36011, Poltava, Pershotravnevyi av., 24, e-mail: svmila308@gmail.com).

SVYSTUN Mykola – Postgraduate Student of specialty 051 Economics, Poltava State Agrarian University (36003, Poltava, Skovorody, 1/3, e-mail: mykola.svystun@pdau.edu.ua).


The energy independence impact on the competitive and sustainable development of the country has been researched in the article. Key challenges and problems related to maintaining the stability and the energy system efficiency are identified, including insufficient generation facilities capacity, dependence on energy imports, and environmental pollution issues. Energy problems have been examined at the individual, household, and national levels, as well as their interrelation. Attention has been paid to the fact that the issues in the country’s energy system affect the quality and reliability of energy supply to the population, limiting their freedom of choice and interaction with energy management systems. Dependence on energy imports complicates the country’s energy situation and puts it in a vulnerable position in the global energy market.

The development trends of crude oil market have been considered, its production in different regions of the world was analyzed, as well as the role of the Organization of Petroleum Exporting Countries (hereinafter – OPEC) in regulating the prices and volumes of the oil market. In connection with the increase in world needs for energy resources, there is an increase in oil production, particularly, in 2022, a historical record for the production of this resource has been observed. This is by 1.6% higher than in 2021. The leaders in terms of crude oil production are primarily the countries of the Middle East, where the production of this resource in 2022 increased by 13%, in particular at the expense of countries such as Saudi Arabia (16%), United Arab Emirates (15%), Kuwait (8.1%) and Iran (5.9%). Information about the largest oil producers and their contribution to the overall extraction volume has been provided. Attention is paid to the problems of oligopoly in the world oil market, noting the significant influence of several large companies and exporting countries on this market. The first place in terms of crude oil production in the world is occupied by the USA – 762 Mt, the second – Saudi Arabia – 601 Mt, the third – russia (539 Mt), significant volumes of oil are also produced in such countries as Canada, Iraq, China, United Arab Emirates (hereinafter – UAE), Iran, Brazil, Kuwait, Mexico and Norway.

Attention is focused on the challenges of oligopoly in the global oil market, noting the significant influence of several major companies and exporting countries on this market. Attention has been drawn to the difficulties of unmonopolization of the energy market because of the peculiarities of the natural resources’ placement and existing technological and economic developments. It has been proven that the development of a competitive environment and the increase in energy independence and security are strategic tasks necessary for sustainable economic development.

The achieving competitive and sustainable development of countries economy possibilities through the alternative energy sources use and the energy cooperatives creation have been justified, which will contribute in providing access to sustainable, efficient, and environmentally friendly energy, thereby promoting the development of local communities and competitive and resilient development of socio-economic systems. Suggestions are made for the development of alternative energy sources and energy-efficient technologies as key directions of the strategy for energy independence. The necessity of innovative solutions and international cooperation has been emphasized to ensure energy security and stimulate sustainable economic growth of Ukraine.

Keywords: energy independence, energy efficiency, sustainable development, competitive development, strategy, alternative energy, energy cooperatives

List of references

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2. Honcharuk, I.V. (2020). Enerhetychna nezalezhnist yak suspil’no-ekonomichne yavyshe [Energy independence as a socio-economic phenomenon]. Ekonomika ta derzhava – Economy and State, (8), 71-77. DOI: 10.32702/2306-6806.2020.8.71 [in Ukrainian].

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12. Perevozova, I., Samoilyk, Iu., Radchenko, О., Shportiuk, N., & Demydova, M. (2021). Economics and risk management of biofuel production in agriculture. Financial and credit activities: problems of theory and practice, 2 (37), pp. 271-279. DOI: https://doi.org/10.18371/fcaptp.v2i37.230257 [in English].

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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 450 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)

According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.