This study has revealed the inconsistency of the existing rules for regulating the process of financing technology transfer with the external geopolitical and economic challenges that Ukraine had to face. Including through the introduction of martial law and open armed aggression of the neighboring state. It has been substantiated that the current state of regulatory support for the process of financing and financial support for technology transfer does not meet the strategic interests of the state of Ukraine, the national economy, business, production, and society as a whole. The necessity of a significant expansion of the existing mechanisms for attracting free funds in relations related to the circulation of technologies in Ukraine has been proved. The existing restrictions on the capabilities of the non-banking financial sector in the implementation of financial support for the processes of creation, transfer of rights and implementation of technologies have been identified and systematized. An analysis of the feasibility of their weakening was carried out taking into consideration the interests of consumers of financial services and indirect financial investors. General potential directions, forms, and fundamentals, participation of the non-banking financial sector in the processes of financial support for technology transfer have been formed. These include investment, insurance, lending, financial guarantees, financial leasing, additional financing, and co-financing. The experience of the European Union in this area was analyzed. As a result of the study, the main directions of modernization and change of the current legislation of Ukraine were proposed. These changes are aimed at creating preconditions for involving the non-banking financial sector (financial institutions and financial companies) in the processes of financial support for technology transfer in Ukraine.
This paper reports a study into the essence, levels, forms, principles, and types of means of innovative support, as well as the procedure for their provision, which are provided for by the framework agreement "Horizon Europe". A critical analysis of certain elements of this framework agreement was performed. The expediency of conducting scientific research on changing the international legal regulation of implementation of measures of innovative support within the framework program of the European Union "Horizon Europe" has been substantiated. This study is aimed at forming the concept of improving the normative mechanisms of legal regulation of the implementation of means of innovative incentives within the framework of the law of the European Union. In addition, the issue of developing proposals to improve legal mechanisms for assessing the effectiveness of the implementation of previously provided means of support was investigated. It is proved that the formation of an integral concept of supporting innovation processes within the framework of the temporary framework program has a destabilizing effect. A concept of improving the system of normative regulation of means of innovative support and technology transfer in the general system of EU legislation has been proposed. Within the framework of the proposed concept, the expediency of transferring part of the subject of legal regulation of the framework agreement "Horizon Europe" to acts of EU legislation of a higher level is substantiated. Also, a concept of improving the legal mechanisms for assessing the effectiveness of previously provided incentives for innovation and technology transfer has been formed. It is substantiated that such mechanisms should be based on the activities of an expert collegial body within the European Innovation Council. The study results could be used in the formation of international regulations, for the appropriate regulation of these relations.
Financial services market (FSM) is one of the effective mechanisms for ensuring the competitiveness of the country’s economy. It is precisely because of its ability to direct investment flows into the most attractive segments of the economy, and the FSM development can contribute to economic growth. Accordingly, today it is important to strengthen the financial services market in Ukraine. For this purpose, it is necessary to study the current state, identify problems and determine the main directions of its development in a timely manner.The article investigates the financial services market in Ukraine, which is unstable, characterized by a significant outflow of financial resources, and underdeveloped financial intermediaries. FSM deterioration was also influenced by factors such as: financial crisis, sharp exchange rate fluctuations, military conflict, decline of the country’s economy, etc. Negative consequences of the events in the country were reflected even in a quite developed banking system. The focus is on the lack of financial culture in society, which is due to low deposit activity, high level of non-repayment of loans, lack of confidence in the new tools, and the introduction of new products in the financial services market. However, the development of the country as a whole is impossible without a strong financial services market.It is noted that one of the important conditions for the FSM development and the effectiveness of macroeconomic tasks entrusted to it is the formation of an effective mechanism of the financial market state regulation. Such a mechanism should include both elements of state regulation and self-regulation of the financial services market. Accordingly, the formation of indicators aimed at assessing the impact of state regulation on the development of the financial services market becomes relevant.The article examines the implementation of state regulation in financial services markets, analyzes the activity of the FSM state regulation in Ukraine and the control function effectiveness, considers the dynamics of the main indicators of the financial services markets development in Ukraine, and analyzes the level of financial services markets development.
Problem setting. Legal, economic and organizational grounds of the non-state pension provision are crucial for the entire financial services market and significantly affect the organization of the country’s financial system. This level of the pension system is a key element of the non-bank financial services market of Ukraine and therefore deserves special attention. Analysis of recent researches and publications. Among the scientists who study this problem were O. M. Antipov, S. V. Bogoslavets, A. B. Kaminsky, O. Kirilenko, L. P. Londar, N. V. Lugovenko, V. Melnychuk, M. Rippa, M. M. Shumylo, N. M. Khutoryan, L. Yaremenko and others. Target of research. The aim of the article is to investigate certain features and types of subjects of legal relations in the system of non-state pension provision. Article’s main body. Pension relations are one of the types of legal relations formed on the basis of, on the one hand, the principles and approaches inherent in the general theoretical understanding of the category of legal relations, and on the other – the features of social security law as a branch of law, an integral and most important component. Analysis of general theoretical research of non-state pension provision allows us to identify certain features of legal relations in this area. Conclusions and prospects for the development. So, summarizing the above, it should be said that the legal relations arising from non-state pension provision – legal, economic, organizational and social relations that arise between the subjects of the non-state pension system in the process of creating private pension funds, their activities on private pension provision, pension insurance, as well as relations that arise in the process of monitoring the activities of non-state pension providers.
Paper presented is close to the strategy, but it does not have the requirements for this regulation. The adoption of this document is related to the need to improve the organization of state regulation in the financial services market. The document relates to the activities of insurance companies, credit unions, pawnshops, leasing and factoring companies, various financial companies engaged in currency exchange operations, funds transfer, lending, guarantees and other services. Currently, there is a sectoral regulatory model in Ukraine, under which the NBU supervises the banking services market, funds transfer and currency transactions, the National Securities and Stock Market Commission oversees the securities markets and derivatives (derivatives), and the National Commission for Regulation of Financial Services Markets oversees financial services. And the White Paper foresees the introduction in Ukraine of a partially consolidated model of financial market regulation, according to which the entire financial sector will be regulated by two regulators, the NBU and the the National Securities and Stock Market Commission.
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