The purpose of the article is to analyze the efficiency of cooperation between Ukraine and the European Union, in general and expediency of Ukraine’s joining the Free Trade Area, in particular, as well as to prove the expediency of European integration processes, in general. The article deals with the history of the development of Ukraine’s integration into the European Economic Community. The main expectations, risks and results of measures aimed at integrating the Ukrainian economy into the European one are considered. Two main viewpoints on the results of the European integration are revealed. The first one is that the European integration is a blessing in all respects, it has no obvious and significant risks and should bring economic and social prosperity to Ukraine, promote Ukraine’s transition to the European social standards, due to economic growth caused by expanding target markets for Ukrainian products (giving access to the capacious European market), guarantee rapid growth of direct foreign investment in the Ukrainian economy, the improvement of the export-import balance, the creation of new jobs, the intensification of innovation processes and an increase in tax revenues to the budgets at all levels, the revamping of Ukrainian industry and the entire economy. The second viewpoint is quite opposite to the first one. It says that the European integration will cause deindustrialization, accompanied by a massive reduction of jobs; emigration of a significant and most capable part of the population; and as a consequence, acute shortage of labor resources, catastrophic increase in social tension and Ukraine’s transformation into Europe’s raw material appendage. Research carried out in the field of investment activity confirms the collapse of direct foreign investment in the Ukrainian economy during the period of the EU integration. Currently, foreign investors, at best, take a wait-and-see attitude, waiting to see the direction in which Ukraine’s political, economic and social development will go. The state of the trade-economic balance with the EU has deteriorated noticeably, as well as the state of the labor market and innovation activity. The research carried out clearly confirms the validity of the second viewpoint. Further studies of integration processes should be aimed at a significant modification of the goals and directions of Ukraine’s European integration, and should help Ukrainians to find a way out of the socio-economic crisis and rank high in the global division of labor.

Introduction. The complexity of doing business varies greatly from country to country. Different countries have different taxes. Also, the number of permits to start a business can vary significantly. There are also hidden obstacles: corruption, protectionism, difficulties in hiring and laid off labor. It is also influenced by differences in mentality, distance between countries, differences in legislation, and so on. Knowledge and ability to assess these factors will allow you to choose a country in which to effectively implement business and effectively manage them. The purpose of the paper is to clarify the indicator that determines the ease of doing business. This figure will be refined by relative components, depending on the country where the business organizer lives and its actual location. It is proposed to use primarily to open a foreign business or business in different regions of a large country. Results. Improvement of the indicator for assessing doing business for different countries and territories is proposed. The indicator is proposed to be divided into two components: general and relative. The general part only depends on the country or territory where the business is being conducted. The relative part depends on the difference between the indicators of the country where the business is conducted and the indicators of the country of the entrepreneur. These indicators are defined for a group of countries. The relative part of the indicator was determined for Ukraine. A comparison is made of the ease of starting a business for a citizen of Ukraine in Poland, China and Germany. Conclusion. This technique will allow you to scientifically choose a country to start a business. Of the countries discussed in the article, the most attractive is Poland. In further works it is possible to clarify the components of the indicator of ease of doing business and clarify the methods of determining its components. Properly chosen country will increase its profitability, make management faster and more efficient. It also allows you to expand your existing business, get additional customers and suppliers of the necessary raw materials, materials and information resources.

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Introduction. For economic security and stability of the enterprise is an important topic of research and identification of ways to manage receivables and payables. A significant contribution to solving the problems of theoretical and practical aspects of receivables management of enterprises was made by such domestic scientists as O. Lishchenko, I. Sereda, О. Pustiak, Y. Demchenko, O. Rybalko, M Sychova, N. Sirenko, O. Smirnova et.al. However, the multifaceted nature of the problem requires further research on the theoretical and methodological foundations of ensuring the formation and functioning of an effective management system of receivables of the enterprise. The purpose of the work is in the researching and studying the management system of receivables and payables at the enterprise. Results. However, opinions on the direct organization of debt management of the enterprise are quite different. The model of receivables management, according to O. Lishchenko, I. Sereda, includes five elements. While O. Pustiak and Y. Demchenko believes that the algorithm for managing the company's calculations for goods, works and services includes as many as eight stages. Thus, according to O. Rybalko and M. Sychova, the receivables management algorithm should include seven stages. In turn, the model of accounts payable management according to N. Sirenko and O. Smirnova includes only three elements. However, as we can see from the above information, most authors forget that in the debt management system one of the important stages is their relationship with the basic goals and key performance indicators of enterprises, as well as with the conditions of business. In this case, if the consideration of the basic objectives in one way or another can still be found in the proposed algorithms for debt management of the enterprise, then taking into account the conditions of development of macro- and mesoenvironment of the enterprise is not carried out. Conclusion. Thus, the development of management decisions to optimize the level of receivables and payables should be preceded not only by an analysis of the conditions of existence of the enterprise, but also an assessment of the level of manageability of the debt itself. At the same time, at high and medium levels of management, the company's management should use incentives to reduce the level of debt of the company, while at low and insufficient – mostly “heavy”.

The article deals with economic and statistical research on the latest trends in local budget’s revenues caused by the decentralization reform, as well as the identification of its key problems, such as: significant differentiation in the regions’ fiscal capacity, arising due to a number of factors (social, geographical, resource, legislative ones); the regions’ dependence on central authorities due to the lack of effective mechanisms for devolution, hampering the efficiency and reducing the expediency of delegating certain functions; the insufficient level of the regions’ fiscal capacity; and finally, finding the ways of solving the abovementioned problems. These problems can be solved by creating conditions for increasing the local budgets’ own revenues in the face of limited budget funds. The state regional policy, having been carried out for decades, has created the regions’ deep dependence on the center and their lack of incentives to develop on their own by designing mechanisms to use the potential of Ukraine’s regions effectively. The recent decentralization policy is aimed at eliminating these negative trends. The success of this policy can only be ensured by improving and reforming the local government financing system. Local budgets are the main tool by which local authorities implement the program of social and economic development of a region. But at present, the mechanism of local budget formation is inefficient. This statement can be confirmed by the fact that the amount of financial assets in the local budget is insufficient to conduct an independent program of social and economic development. The structure and composition of local budget revenues have been studied on the basis of statistical information, their impact on the social and economic development of Ukraine’s regions has been determined. The research allows to conclude that successful implementation of the decentralization policy requires an individual approach to the formation of each administrative and territorial unit, a thorough study of economic sufficiency and independence of this unit, as well as research on social and economic development of this unit, as a whole.