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{"id":22952,"date":"2026-10-07T16:04:36","date_gmt":"2026-10-07T13:04:36","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=22952"},"modified":"2026-10-07T16:04:36","modified_gmt":"2026-10-07T13:04:36","slug":"status-and-trends-in-ensuring","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/status-and-trends-in-ensuring\/","title":{"rendered":"Danylyshyn M. Status and Trends in Ensuring the Balance of Financial Development of the Beet Sugar Industry in the Face of Challenges and Constraints"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<table style=\"height: auto; border: solid 1px white!important;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"border: solid 1px white!important;\"><strong>JEL Classification:<\/strong> <i><span style=\"font-weight: 400;\">Q14, Q18, G28, O16, L66, E62<\/span><\/i><\/td>\n<td style=\"text-align: right; border: solid 1px white!important;\"><b>DOI<\/b><span style=\"font-weight: 400;\">: <a href=\"https:\/\/doi.org\/10.31521\/modecon.V58(2026)-11\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/doi.org\/10.31521\/modecon.V58(2026)-11<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][vc_column_text]<b>Danylyshyn Mykhailo, <\/b><span style=\"font-weight: 400;\">graduate student of the third level of higher education of the Department of Financial and Credit and Tax Policy,National Scientific Center &#8220;Institute of Agrarian Economics&#8221;, Kyiv, Ukraine<\/span><\/p>\n<p><strong>ORCID:<\/strong> <a href=\"https:\/\/orcid.org\/0009-0007-4738-1217\"><span style=\"font-weight: 400;\">0009-0007-4738-1217<\/span><\/a><br \/>\n<strong>e-mail: <\/strong><a href=\"mailto:mdanylyshyn2017@gmail.com\"><span style=\"font-weight: 400;\">mdanylyshyn2017@gmail.com<\/span><\/a><\/p>\n<p style=\"text-align: center;\"><b>Status and Trends in Ensuring the Balance of Financial Development of the Beet Sugar Industry in the Face of Challenges and Constraints<\/b><\/p>\n<p><strong><em>Abstract. Introduction. <\/em><\/strong><i><span style=\"font-weight: 400;\">The article examines the state and trends of ensuring the balance of financial development of the beet sugar industry of Ukraine in the context of modern challenges and restrictions that have formed under the influence of martial law, macroeconomic instability, logistical difficulties, a shortage of investment resources and changes in the domestic and foreign market conditions. It is established that the model of the balance of financial development of the beet sugar industry has undergone a significant transformation due to the growth of international financial assistance, state programs of interest rate compensation, portfolio guarantees and alternative financing instruments.<\/span><\/i><\/p>\n<p><b><i>Purpose<\/i><\/b><i><span style=\"font-weight: 400;\">. The purpose of the study is to assess the state and trends of ensuring the balance of financial development of the beet sugar industry in the face of challenges and restrictions that have formed under the influence of martial law, macroeconomic instability, investment deficit and logistical complications, as well as to develop and implement effective financial mechanisms to support the development of the industry in order to increase their capacity, form stable production of sugar raw materials and strengthen the financial security of the state&#8217;s agro-industrial complex.<\/span><\/i><\/p>\n<p><b><i>Results<\/i><\/b><i><span style=\"font-weight: 400;\">. A trend towards an increase in the level of self-financing of enterprises has been identified, which indicates an increase in financial autonomy, but at the same time indicates the insufficient ability of the market to provide for the long-term investment needs of the industry. The effectiveness of the state program &#8220;Affordable Loans 5-7-9%&#8221;, which has become one of the key anti-crisis instruments for supporting enterprises in the industry, has been analyzed. It has been established that the volume of preferential lending has shown steady growth, and the attracted resources have been used to finance the sowing campaign, replenish working capital, purchase equipment, modernize production facilities and implement energy-efficient projects, which contributes to maintaining the liquidity of enterprises and maintaining the stability of production processes during a period of high risks.<\/span><\/i><\/p>\n<p><b><i>Conclusions<\/i><\/b><i><span style=\"font-weight: 400;\">. It has been determined that forward contracts, financial leasing, attracting funds from international financial organizations and investments in bioenergy projects are promising instruments for balancing the financial development of the industry. Further financial development of the beet sugar industry requires the formation of a comprehensive support model that should combine state incentives, market financing mechanisms, innovative production renewal, digitalization of business processes and export diversification. The results obtained will allow business entities to develop a strategy to increase the financial stability of the industry and ensure stable functioning in the conditions of post-war economic recovery in Ukraine.<\/span><\/i><\/p>\n<p><b><i>Keywords<\/i><\/b><i><span style=\"font-weight: 400;\">: beet sugar industry, financial development, state support, preferential lending, investment support, financial stability, agro-industrial sector<\/span><\/i><\/p>\n<p style=\"text-align: center;\"><strong style=\"text-align: center;\"><b>References<\/b>:<\/strong><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Burkynskyi, B. V., Nikolaev, Yu. O. (2024). Financial support of the agricultural sector in conditions of macroeconomic instability. Finance of Ukraine, 2, 45-58. https:\/\/doi.org\/10.33763\/finukr2024.02.045.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Danylyshyn, M. S. (2025). The impact of European integration processes on the development of the financial potential of the beet and sugar industry of Ukraine. Modern Economics, 51, 75-81. https:\/\/doi.org\/10.31521\/modecon.V51(2025)-08.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">State Statistics Service of Ukraine. Production of sugar beets, sugar, capital investments and financial results of enterprises. (2025). https:\/\/ukrstat.gov.ua.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Export Credit Agency of Ukraine. Programs for insurance and support of exports of Ukrainian enterprises in 2025. (2025). https:\/\/eca.gov.ua.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kuzmenko, O.V. (2023). Current state and prospects for the development of the beet sugar industry of Ukraine. Economics of the Agricultural Complex, 5, 34-42. https:\/\/doi.org\/10.37332\/2309-1533.2024.2.7.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ministry of Agrarian Policy and Food of Ukraine. State programs for support of agricultural producers, compensations and grant mechanisms. (2025). https:\/\/minagro.gov.ua.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ministry of Finance of Ukraine. (2025). https:\/\/mof.gov.ua\/uk\/news\/u_2025_rotsi_biznes_otrimav_28873_pilgovi_krediti_za_programoiu_dostupni_krediti_5-7-9_na_877_mlrd_grn-4978.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ministry of Finance of Ukraine. (2025). https:\/\/mof.gov.ua\/uk\/news\/operativna_informatsiia_shchodo_realizatsii_programi_dostupni_krediti_5-7-9_stanom_na_29_grudnia_2025_roku-4977.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ministry of Finance of Ukraine. State guarantees on a portfolio basis: results of support for small and medium-sized businesses in 2025. (2025). https:\/\/mof.gov.ua\/uk\/derzhavni-garantii-na-portfelnii-osnovi .<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Association of Sugar Producers of Ukraine &#8220;Ukrtsukor&#8221;. Sectoral analysis of the state of the beet sugar industry, processing volumes and the sugar market. (2025). https:\/\/sugarua.org.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Bank of Ukraine. Lending to agricultural entities, interest rates and bank financing. (2025). https:\/\/bank.gov.ua.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Bank of Ukraine. Business lending and state support programs in 2025. (2025). https:\/\/bank.gov.ua.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pavlenko S. State support for farmers in 2025. Information analytical brief Federal Ministry of Food and Agriculture. (2025). https:\/\/www.apd-ukraine.de\/fileadmin\/user_upload\/1_Info_Brief_SP_ua.pdf?utm_source=chatgpt.com..\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Semenenko, O., Dobrovolskyi, Yu., Vasylenko, S., Yarmolchyk, M., Targonskyi, V. (2024). Risks of managing financial resources of the agricultural sector of Ukraine in the zone of military conflict: challenges, threats, ways of counteraction. Economy of the Agricultural Industry, 31(3), 65-75. https:\/\/doi.org\/10.32317\/2221-1055.2024030.75.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Entrepreneurship Development Fund. Implementation of financial support programs for business in Ukraine. (2025). https:\/\/bdf.gov.ua.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Demir, M., Martell, T.F., Skou, L. (2024). Agricultural Futures Contracts as Part of a Sustainable Investment Strategy: Issues and Opportunities. Commodities, 4(3), 15. https:\/\/doi.org\/10.3390\/commodities4030015 .<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kolodiy, A., Halanets, V. (2025). Financial security and state support of agricultural enterprises in Ukraine. Efficient economy, 1. http:\/\/doi.org\/10.32702\/2307-2105.2025.1.33.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kolotukha, S., Gvozdej, N., Vinnytska, O. (2019). Improving the level of financial support for agricultural enterprises. Agricultural and Resource Economics, 5(4), 67-80. https:\/\/doi.org\/10.51599\/are.2019.05.04.06.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kotvytska, N., Myarkovskyi, Y. (2023). Features of financial support for the innovative development of Ukraine\u2019s agricultural sector. Ukrainian Journal of Applied Economics and Technology, 2, 277-286. https:\/\/doi.org\/10.36887\/2415-8453-2023-2-40.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kvasnytska, R., Forkun, I., Gordeeva, T. (2023). Critical aspects of financial support towards the development of the agricultural sector of Ukraine. Proceedings of the International Scientific Conference, 3. 89-96. https:\/\/doi.org\/10.2991\/978-2-38476-116-6_12.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Levandivskyi, O.T., Drebot, S.D. (2019). Financial support of agricultural enterprises. The actual problems of regional economy development, 2(15), 32-41. https:\/\/doi.org\/10.15330\/apred.2.15.32-41.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lukash, S., Koniev, R. (2024). Financial support to farmers in Ukraine in the context of European integration. Economy and Society, 68, 179-185. https:\/\/doi.org\/10.32782\/2524-0072\/2024-68-179.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">OECD. (2024). Agricultural policy monitoring and evaluation: Innovation for Sustainable Productivity Growth. Ukraine. https:\/\/www.oecd.org\/en\/publications\/agricultural-policy-monitoring-and-evaluation-2024_74da57ed-en.html.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">World Bank. (2024). Health financing in Ukraine: reform, resilience and recovery. https:\/\/documents1.worldbank.org\/curated\/en\/099062725083010231\/pdf\/P177367-168cec7e-a40b-4a30-9def-39c8f52a3926.pdf.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">World Bank. (2025). Ukraine Economic Update. Macroeconomic environment and financial recovery of Ukraine. https:\/\/worldbank.org.<\/span><\/li>\n<\/ol>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<strong>Received: <span style=\"font-weight: 400;\">27 April 2026<\/span><\/strong><\/p>\n<p><span data-sheets-root=\"1\"><div class=\"sdm_download_item \"><div class=\"sdm_download_item_top\"><div class=\"sdm_download_thumbnail\"><img decoding=\"async\" class=\"sdm_download_thumbnail_image\" src=\"https:\/\/modecon.mnau.edu.ua\/wp-content\/uploads\/2017\/08\/pdf.jpg\" alt = \"danylyshyn.pdf\" \/><\/div><div class=\"sdm_download_title\">danylyshyn.pdf<\/div><\/div><div style=\"clear:both;\"><\/div><div class=\"sdm_download_description\"><\/div><div class=\"sdm_download_size\"><span class=\"sdm_download_size_label\">Size: <\/span><span class=\"sdm_download_size_value\">1,35<\/span><\/div><div class=\"sdm_download_link\"><span class=\"sdm_download_button\"><a href=\"https:\/\/modecon.mnau.edu.ua\/en\/?sdm_process_download=1&download_id=22897\" class=\"sdm_download blue\" title=\"danylyshyn.pdf\" target=\"_blank\">Download Now!<\/a><\/span><span class=\"sdm_download_item_count\"><span class=\"sdm_item_count_number\">14<\/span><span class=\"sdm_item_count_string\"> Downloads<\/span><\/span><\/div><\/div><div class=\"sdm_clear_float\"><\/div><\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<table style=\"height: auto;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"background-color: #1abc9c; text-transform: uppercase;\">\n<p style=\"text-align: center; color: white; font-size: 14px; font-weight: 900; text-transform: uppercase; margin: 0; padding: 13.5px;\">How to quote this article?<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span data-sheets-root=\"1\">Danylyshyn M. (2026). Status and Trends in Ensuring the Balance of Financial Development of the Beet Sugar Industry in the Face of Challenges and Constraints. Modern Economics, 58(2026), 84-93. DOI: https:\/\/doi.org\/10.31521\/modecon.V58(2026)-11.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1657628632157{margin-top: 10px !important;}&#8221;]<a href=\"https:\/\/modecon.mnau.edu.ua\/issue-58-2026\/\">&lt;&lt; \u041f\u043e\u0432\u0435\u0440\u043d\u0443\u0442\u0438\u0441\u044f \u0434\u043e \u0437\u043c\u0456\u0441\u0442\u0443<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] JEL Classification: Q14, Q18, G28, O16, L66, E62 DOI: https:\/\/doi.org\/10.31521\/modecon.V58(2026)-11 [\/vc_column_text][vc_column_text]Danylyshyn Mykhailo, graduate student of the third level of higher education of the Department of Financial and Credit and Tax Policy,National Scientific Center &#8220;Institute of Agrarian Economics&#8221;, Kyiv, Ukraine ORCID: 0009-0007-4738-1217 e-mail: mdanylyshyn2017@gmail.com Status and Trends in Ensuring the Balance of Financial Development of<br \/><a href=\"https:\/\/modecon.mnau.edu.ua\/en\/status-and-trends-in-ensuring\/\" class=\"more\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":13475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262],"tags":[263],"class_list":["post-22952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-58-2026","tag-263"],"_links":{"self":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/22952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=22952"}],"version-history":[{"count":2,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/22952\/revisions"}],"predecessor-version":[{"id":22955,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/22952\/revisions\/22955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media\/13475"}],"wp:attachment":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=22952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=22952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=22952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}