Фінансово-кредитна діяльність: проблеми теорії та практики (Apr 2022)

THE STATE FINANCIAL SUPPORT FOR THE UKRAINIAN LOGISTICS SYSTEM MODERNIZATION

  • Yevhen Krykavskyi,
  • Svitlana Lykholat,
  • Lidiia Bolibrukh,
  • Aleksander Sapiński,
  • S. Nycz-Wojtan

DOI
https://doi.org/10.55643/fcaptp.2.43.2022.3552
Journal volume & issue
Vol. 2, no. 43

Abstract

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The logistics system of Ukraine in the conditions of Covid-19 in combination with well-being indicators had been examined, and it was noted that it needed to be singled out as an economic and social component with a high level of perspective development. It has been noted that the logistics systems of some countries have been able to adapt more quickly to the new non-standard environment, while others need additional support. One such country is Ukraine. It had been established that this system has many years of experience, which attracts increased attention to Ukraine's integration into the EU. Also, it was found that, in contrast to the EU countries, Ukraine, having a favorable geographical location, has limited resources for state support of the logistics sphere. Analyzing freight traffic by type of transport in Ukraine, it was determined that the country's vital railway sector is characterized by worn-out infrastructure and an outdated system of operation, which in the context of the corona crisis suffered even more significant losses. Analyzing the level of public funding for railway infrastructure in the EU, significant differences have been identified concerning public funding in Ukraine. The forecast of volumes of the state financing of freight transportations on three scenarios (optimistic, actual, pessimistic) was carried out. It was established that the freight transportation sphere, regardless of the occurrence of any of the scenarios, is an essential component not only of the logistics system of Ukraine but also has a direct impact on its competitiveness. The correlation between the sphere of public financing of logistics and the integrated indicator of population happiness in Ukraine has been revealed. The polynomial trend line of the size of capital investments in logistics demonstrates the positive dynamics of gradual growth. According to the received calculations, the financing of logistics affects the country's level of competitiveness, which occurs due to an increase in investments that contribute to raising the country's rating in the next period.

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