Volodymyr Boreiko
Doctor of Economics, Associate Professor, Vice-rector in science work of International Economics and HumanitarianUniversity named academician Stepan Demianchuk

In the article the role of scientific and educational security of development of domestic agricultural sector is revealed, the activity Ukrainian scientific and educational agricultural institutions is analyzed, factors that apply the brake the activity of the agricultural sector are revealed, the foreign research is investigated and proposals for economic development of rural areas through increased attention of state and regions to agricultural science and education are developed.

THE SCIENTIFIC AND EDUCATIONAL ENSURING OF ECONOMIC DEVELOPMENT OF THE VILLAGE

Oleksandra Shevchuk
Ph.D. in Ekonomiks, Lviv State Financial Academy

Lubomir Sozanskiy
Ph.D. in Ekonomiks, Lviv Department of the European University

Natalia Tataryn
Ph.D. in Ekonomiks, Lviv State Financial Academy

Thepeculiaritiesofforeigneconomicactivitybydomesticexportersandimportersareconsideredinthearticle. Thenecessityofsoundcompetitionenvironmentformingisshowninordertostimulateeffectivlythedomesticproducerbydevelopingandrealizingtheeffectivecostregulatorsonthemacrolevel.

THE ANALYSIS OF FORING TRADE ACTIVITY OF UKRAINE IN MODERN TERMS

Ludmyla Kozak
Ph.D. (Economics), Associate Professor, Dean of the Faculty of Economics, National University «Ostroh Academy»

The purpose of investigation has been to substantiate the organizational and methodological approaches to ensuring the interaction of agricultural policy tools with measures of state strategicprograms of agricultural development. The author has been analysed “The State Target Program of Ukrainian village development until 2015” as a lever of managerial influence on the development of the agricultural sector and investigated the level of the Program implementation. As a result the author has substantiated a conceptual model of interaction of agricultural policy tools with state target programs of agricultural development. Scientific novelty of the research has consisted in the integrated and systematic analysis of the mentioned issues, taking into account the sectoral features of agriculture. Proposed methodological approaches could be applied by public authorities during formation of the state strategic programs of agricultural development, which has presented a practical value of investigation.

WITH MEASURES OF STATE STRATEGIC PROGRAMS OF AGRICULTURAL DEVELOPMENT IN UKRAINE

Meyta Viktoria Igorevna
PhD student of finance department NationalTechnicalUniversity «KharkovPolytechnicInstitute»

The article describes theoretical issues of formation of the organizational and economic mechanism of economic security of business activities. Features of economic security management of business activity are defined.Use of system approach as a methodological basis of formation of the mechanism is proved. The algorithm of formation of the mechanism is offered. The basic principles and structural elements of the mechanism are allocated. Use of system approach at creation of the mechanism is proved.Graphic interpretation of the organizational and economic mechanism of economic securitymanagement of business activity is presented.

FORMINGOF THE ORGANIZATIONAL AND ECONOMIC MECHANISM OF ECONOMIC SECURITY MANAGEMENT OF BUSINESS ACTIVITY

Yanyshyn Yaroslav
PhD,ActingProfessor, Dean of the Faculty of Economics of the LvivNationalAgrarianUniversity

Nagornyuk Oksana
Researcher of the Departmentof International Economicsand ManagementFEA LvivNationalAgrarianUniversity

The article deals withthe role ofpoultry industryin ensuringfood security. Considered dynamics, current state andprospects of development ofpoultry productioninUkraine. Calculatedstructureof productioncosts for the productionof poultryfarmsinUkraine.Groundeddirectionsefficiencypoultry productioninUkraineby optimizing thestructure ofproduction costs.Characterizedprospects of enteringUkrainianproducersof poultry productsto the EU markets. Highlightmeasuresto be taken tothe full realization ofthe export potential ofthe livestock industryinUkraine.

IMPACTPRODUCTION COSTSONEXPORTCAPACITYPOULTRY INDUSTRYINUKRAINE

Julia Gorohovets
Researcher of the Department of Accounting and Auditing Academy of Municipal Government

Exploring the essence of the concept of "Agriculture", summarizes the various approaches scientists concerning the interpretation of the definitions and AIC defined as a set of interrelated sectors of the economy, whose main task is to provide people with food. Grouped main field of agriculture and determined that the development of each branch of the region affecting economic, natural, climatic and socio-economic factors and the interaction of organizational management, territorial and component structures. The analysis of the works of leading scientists singled out the basic functions of AIC: socio-economic, territorial and industrial (manufacturing).

THEORETICAL BASIS STRUCTURING OF AIC REGION

Halyna Zelinska
Doctor of Economic Science, Associate Professor of Labour and Production Ivano-Frankivsk National Technical University of Oil and Gas

It is shown the need to introduce new approaches to regional educational management (REM) in the national education system in the context of the educational system of the Carpathian region. Highlight the most characteristic features of its operation and development in terms of socio-economic reforms in Ukraine. Posted proposals for measures aimed at effective implementation of formation of the system REM in the context of reform of the national education system.

DEVELOPING EDUCATIONAL MANAGEMENT IN THE CONTEXT OF EDUCATIONAL SYSTEMS CARPATHIAN REGION

Svitlana Slava
PhD, Associate Professor at the Department of Enterprise Economics State Higher Educational Institution "Uzhhorod National University"

Natalia Hapak
PhD, Associate Professor at the Department of Enterprise Economics State Higher Educational Institution "Uzhhorod National University"

The article is based on developed conceptual scheme of interaction tools of economic development (fiscal instrument, institutional support, tools, competition and tools integration and interaction of) at different levels (national, regional - regional, subregional - level city, town, village). The theoretical balance paradigm of these tools is described and developed. The study presents quantitative and structural analysis of tools for regional economic development and the means of their implementation at all levels (regional, sub-regional and overall). The quantitative disparities between the tools used for local economic development in Ukraine are found out. The proposals for measurement of pass-through balance in the formation of the supportive tools for economic development at different levels are elaborated.

STRUCTURAL PARADIGM OF BALANCING THE SUPPORTIVE TOOLS FOR ECONOMIC DEVELOPMENT OF THE REGION

IRINA CHKAN
PhD in economic, associate Professor of Finance and Credit Department Tavria State Agrotechnological University

The article highlights the theoretical foundations of cashless payments, traces the main trends and current status of cashless payments in Ukraine.It was determined that the structure of the country's share of cash flow cashless payments is small, but every year it increases.Revealed that as the main instrument of cashless payments took the credit cards.Also, switching to a system of cashless payments, as a modern form of payment is a priority for authorized persons in the financial sector.

CASHLESS PAIMENTS – CURRENT METHOD OF PAYMENT

Svitlana Onyshko
doctor of economics, professor, professor of Financial Markets Department, National University of State tax service of Ukraine

Oleksandra Laktionova
PhD, associate professor,doctoral candidate, Donetsk National University

In the article the looks factors of financial market flexibility in accumulation and transformation of financial resources under cyclical development of the economy. Flexibility is considered as an additional property to the basic characteristics scale, efficiency, stability and access to financial market. Passing of financial markets through stages of economic and financial cycles requires appropriate regulation for the proper performance of the functions of financial support economic agents to reduce financial risks.

FLEXIBILITY FINANCIAL MARKET UNDER CYCLICAL DEVELOPMENT OF THE ECONOMY

ROMENSKA KATERYNA M.
Ph.D., associate professor of the Department of finance, DnepropetrovskState Financial Academy

The criterias of the effective using funds of local budgets were researched in the article, the indicators, which describe the health care were analyzed, and for exampleof this industry the criterias of evaluating the effective using funds of local budgets were described.

CRITERIAS OF THE EFFECTIVE USING FUNDS OF LOCAL BUDGETS IN UKRAINE

Demianchuk Olha Ivanivna
PhD, associate professor of Finance, Accounting and AuditingDepartment, The National University of Ostroh Academy

The article has substantiated the significance of the regions financial potential of Ukraine in its stable economic development. The author has grouped Ukrainian regions according to share of its gross regional product, determined the position of region in terms of gross regional product and per capita. The estimation of regional economic growth differentiation has been made in Ukraine on the base of the method of macroeconomic indicators and region financial potential which has been expressed in the resulting indicator of financial and economic activity of the territory – the gross regional product. As a result the tendencies of the regional economic development have been identified and the reasons of profound differentiation have been investigated. Elaboration of tactical programs of stable regions development in Ukraine has been offered.

REGIONS FINANCIAL POTENTIAL AS A BASIS OF ITS STABLE ECONOMIC DEVELOPMTNT

Olena Bereslavska
d.e.s., professor, manager by a banking department and financial monitoring, National university of SТS of Ukraine

This article analyzes theglobal trendsincrease the volume ofgold reservesby groupsof individual countriesExamined scientific approaches tothe need to developsufficientreserves.Systematized andanalyzedcriteria forthe optimal levelof international reservesby central banksaround the world.The functions offoreign reservesandis considereda sourceofreplenishment.The trendsandreasons for the reductionof foreign exchangereserves of the NationalBank ofUkraineandassess theeffectiveness ofmanagement.Reviewed and analyzed thesources of increasinggold reservesinUkraine. Proposedas the mainsource of replenishment ofinternational reservesto consider thecash flowsof migrants workingabroad.

FOREING EXCHANGE RESERVES OF UKRAINE:SOURCES OF REPLENISHMENT AND MANAGEMENT EFFICIENCY

Korneva Iryna Volodymyrivna
researcher NationalUniversityofSТSUkraine

Inthis article theoretical conception of construction of mechanism of the monetary regulation offers on the basis of theory of economic mechanisms. Looks are generalized to essence of mechanism of the monetary regulation and his constituents are certain. Reasonably multilevel going near determination of essence of mechanism of the monetary regulation. The structure of instruments of mechanism of the monetary regulation is systematized and considered. It offers to divide the instruments of the monetary regulation into traditional and unconventional instruments or instruments of financial repressions. Also it offers to group all instruments of the monetary regulation in three large groups: instruments of providing of stability of money circulation, instruments of providing of liquidity, instruments of providing of volumes of crediting.

THEORETICAL CONCEPT OF CONSTRUCTION A MECHANISM MONETARY REGULATION

NATALIIA IVANCHUK
lecturer of Economics, Management and Marketing Department, The NationalUniversity of OstrohAcademy

The existing conceptual approaches to the interpretation of the nature and attributes of taxes have been investigated, which has enabled to formulate the economic essence of social taxes in Ukraine. Untargeted and gratuitousness nature of single social contribution have been substantiated, and tax nature of that state obligatory payment has been proved. Social taxes have been defined as mandatory, legislative, state payments, which have been a source of state fund incomes, calculated on the base of salaries and wages of economic agents, revenue of individual entrepreneurs and self-employed persons.

ECONOMIC ESSENCE OF SOCIAL TAXES

Soslovskiy V.G
PhD in Economics, Docent, Kharkiv institute of bankingof the University of banking of the National Bank of Ukraine (Kyiv)

Kolomiyets R.A
Kharkiv institute of bankingof the University of banking of the National Bank of Ukraine (Kyiv)

The algorithm of diagnosing of economic security is presented; the essence and communication of process of the preventive diagnostics and complex analysis of economic security of the enterprises is defined; methods of an assessment of financial safety of the enterprises on similarity among themselves are in detail analyzed and defines the method for calculating the complex index of assessment of financial security.

COMMUNICATION BETWEEN A COMPLEX FINANCIAL ANALYSIS AND PREVENTIVE DIAGNOSTICS OF FINANCIAL SAFETY OF THE ENTERPRISE

Liliy Barannik
Doctor of Economics, Associate Professor, Head of Department of Taxation, Dnepropetrovsk State Financial Academy

The purpose of the article is to examine the experience of countries in the reform of national pension systems and providing science-based proposals for modernization of the pension system in Ukraine. Provided for this purpose to solve such problems: to analyze and systematize the experience of some countries to improve the practice of pensions, to identify the most acceptable for Ukraine elements of foreign pension reform proposals, on the main ways of further development of the pension system in our country. Research methods, both comparisons and generalizations - when establishing the essential differences in the approaches to the pension providing; analysis and synthesis - in determining the actual parameters of the pension protection and its financial performance; induction and deduction - in identifying problems that hinder the normal functioning of the pension insurance. Based on the study and critical analysis of scientific economic literature and statistical sources conducted a study of the current state of one of the components of the social protection system - pension insurance and its financial mechanism. It was found that the countries that timely noticed problems that threaten the efficient pensions, and to calculate the consequences for national budgets, began pension reform and search for new sources of funding. It was found that all the activities of the pension reform were designed to put maximum retirement pension dependent on the individual achievements of the employee (insurance period, wages, contributions to the insurance funds and other personal preferences). Now, in most European countries, the pensions come from three sources: the public pension funds, corporate sector pensions and individual pensions received under a contract of personal voluntary pension savings insurance. Further studies indicated problems it is advisable to direct the study of this aspect of the transformation of the pension system, as an introduction to parallel with the changes in the pension system of mandatory social health insurance, the introduction of the second funded pillar pension system, first on a voluntary basis and rationale for new approaches to reforming the pension system.

MANAGEMENT AUDIT OF OPERATIONAL COST ENERGY SUPPLY COMPANIES IN THE CONTEXT OF INTEGRATED MANAGEMENT SYSTEM

Natalya Topishko
Senior Lecturer, Department of Economics, Management and Marketing the National University of Ostroh Academy

Attention is focused on the socio-economic contradictions of modern social development. The role of social policy and social welfare system as a mechanism for its implementation is observed. The place of this system in the process of social reproduction(particularly in the phase of production, distribution, exchange and consumption) and the development of the country are characterized. It was determined that main factor of social insecurity is a low income of the working population as a result of unfair distribution of national income. The "social discomfort index" is calculated as an indicator of social transformational shock in terms of market transformation and accumulation potential socio-scarce economy in Ukraine. The necessity of finding a new paradigm of social development is substantiated.

SOCIAL PROTECTION SYSTEM AS INTEGRATED MECHANISMS OF STABILIZATION OF SOCIAL, ECONOMIC AND POLITICAL DEVELOPMENT OF SOCIETY

Fedorovych Irina Myhailivna
Postgraduate student of the Chair on Finance and Insurance Entities Ternopil National Economic University

The article researches the term “state debt” and its structure. The current state of the Ukrainian state debt within its types is characterized. Internal and external Ukrainian debt service expenses are analyzed. The author suggests that the state debt service expenses constantly increase in absolute measurers as well as in comparison with the general budget fund. Forecast estimations of the state debt service expenses indicate the further debt crisis escalation, since the peak of payments is expected in 2015-2016. It is determined that the debt service expenses increase may result in a debt crisis and an economic crisis. In order to decrease a negative influence of increasing the state debt service expenses on the country’s economic development, it is suggested to decrease the cost of the state debts by searching for the most beneficial debt conditions and to determine legislatively registered marginal and optimal parameters of debt burden for the country. It is prove, that the direction of debt resources to solely investment projects enables to receive profit, large enough to cover the debt service expenses.

FORECAST ESTIMATION AND ANALYSIS OF UKRAINIAN STATE DEBT SERVICE EXPENSES

MARIIA NEZHYVA
postgraduate student of Financial Analysis and Control Department Kyivnational university of trade and economics

Researched necessity of formation financial reserves enterprises, their relevance and effectiveness. Proved the necessity of forming financial reserves of trade enterprises, and the mechanism of their calculation. Formed stages of audit effectiveness of formation financial reserves of trade enterprises.Researchedexistentscientific and theoretical propositions and defined information base of audit effectiveness of formation financial reserves of trade enterprises. Improving information base of audit effectiveness of formation financial reserves of trade enterprises will lead to improving the management of financial flows and auditor, in its turn, allows to provide more accurate conclusions about the enterprise in general and recommendations for improvement.

INFORMATION BASIS FOR AUDIT EFFECTIVENESS OF FORMATION FINANCIAL RESERVES

Yulia Kharchuk
PhD in economic science, senior lecturer at the Department of Finance, Accounting and Audit of the National University of Ostroh Academy

Essence of the registration-analytical providing of financial stability of state and communal higher educational establishments has been specified in the article.Essence and specific of forming of brand of higher educational establishment have been determined. The types of brands and feature of intercommunication have been considered between the necessities of consumers of educational services and constituents of brand of state and communal higher educational establishments. Influence of brand of higher educational establishments on their financial stability has been grounded. The features of providing of sufficient level of financial stability of state and communal higher educational establishments and their brand have been exposed at the market of educational services of Ukraine in the context of reformation of higher education and integration in European educational space.

REGISTRATION-ANALYTICAL PROVIDING OF FINANCIAL STABILITYOFSTATE AND COMMUNAL HIGHER EDUCATIONAL ESTABLISHMENTS OF UKRAINE IN THE CONTEXT OF SPECIFIC OF FORMING OF THEIR BRAND

Valentyn Khokhlov
PhD, International Marketing Manager, Global Spirits

Value at Risk (VaR) is one of the most important indicators used in risk management. Typically the normal distribution is used for its calculation, but the actual distribution of securities’ returns has much more probability in its tails than the normal distribution. In this article we derive VaR formulas for the Student’s t and Laplace distributions. Using assets on the U.S. and Russian stock market, we show that using these “fat-tailed” distributions lead to a significant increase in quality of risk measurement comparing to the normal distribution.

USING “FAT TAILS” DISTRIBUTIONS FOR RISK MANAGEMENT

Petro Hrytsiuk
Ph.D. in Economics, head of the economic cybernetics department, National University of Water Management and Nature Resources Use, Rivne

Olena Muliarchuk
Ph.D. Student of the economic theory department, Ivan Franko National University of Lviv, Lviv

This article deals with one of the keys theses of monetary policy about the adequacy inflation economic growth. It defines the relationship and impact of inflation on GDP growth.

MODELING IMPACT OF INFLATION ON ECONOMIC GROWTH IN UKRAINE