Danylyshyn Mykhailo, graduate student of the third level of higher education, Department of Financial and Credit and Tax Policy, National Scientific Center «Institute of Agrarian Economics», Kyiv, Ukraine

ORCID ID: 0009-0007-4738-1217
e-mail: mdanylyshyn2017@gmail.com

The impact of European integration processes on the development of the financial potential of the beet sugar industry of Ukraine

Abstract. Introduction. The financial potential of Ukraine’s beet sugar industry is undergoing significant transformations under the influence of European integration processes. In the context of a dynamic external environment and wartime challenges, ensuring the sustainable development of the industry requires effective financial resource management and state support instruments. European experience in implementing grant programs and green finance initiatives offers valuable tools for stabilizing and enhancing the industry’s financial capacity during economic and political turbulence.

Purposeю To assess the impact of European integration processes on the development of the financial potential of Ukraine’s beet sugar industry and to determine key directions for its stabilization through the application of European financial support mechanisms, green finance, and state grant and credit programs. 

Results. It is substantiated that the development of the architectonics of the financial potential of the beet sugar industry has the features of the European integration process, which is the main and undisputed priority of the country’s foreign policy regarding the creation of sustainable financial relations with EU partner countries during the transformation of the financial and credit support of business entities. This study considers the factors contributing to a non-cyclical shift in financial and credit support in the beet sugar industry. Supporting the development of the financial potential of the beet sugar industry during martial law can be achieved by implementing green finance and state grant and credit programs. This process is dynamic during the period of the country’s active European integration, expanding financial relations in the studied sector and reducing risks in the financial market. This paper analyzes effective instruments of state support for the deregulation of business processes during wartime and for the financial independence of beet sugar industry entities under the state program “Affordable Loans 5-7-9%.”

Conclusions. It is proposed that green finance be considered in the development of the financial potential of the beet sugar industry, as a means of financing environmental projects and minimizing the harmful environmental consequences of cross-border export-import operations between Ukraine and EU countries, as well as integrating resources into the environment. This expands the financial potential of the beet sugar industry and allocates financial resources to the financial and investment chain.

Keywords: construction industry; enterprises; building materials; production; investments; export potential; financial and economic security.

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