J o u r n a l h o m e p a g e: http://jssp.reviste.ubbcluj.ro This research focuses on the analysis of current trends in the banking sector of Central and Eastern Europe (CEE), and on its role in the development of the economy. This region is represented by countries situated at different levels of development and types of economic system. The following countries are analyzed: Bulgaria, Poland, Romania, the Republic of Belarus and Ukraine. The article starts with a general description of the economy of each of the five countries listed above, followed by a discussion of main trends of their development and a comparison of these states based on the status of their socioeconomic development. The study will also examine the banking systems of each of these countries looking at the types of banks that are present on the market, capital ownership, and market share, as well as the main indicators of soundness of the banking system. The study found that there are both common features and differences in the banking sectors of the analyzed countries. We also found a correlation between the tendencies of real sector development and bank investments. Finally, our article revealed the role played by the European Union in funding the economies of analyzed countries through their operational programs.

Today, the diversity of functions of the state is objectively expanding, especially in the context of socially oriented economies of developed countries. Effective governance of state property serves as a solid foundation for successful performance of the state functions. The chosen topic is of particular relevance in the context of Ukraine's transformational economy. The subject of research is the system of economic relations of state property. Methodology. In the course of the study, a general philosophical dialectical method was used to find contradictions in the phenomena and sources of their development, such as the essence of state property and its contents. Common scientific methods were also used: analysis and synthesis; comparative analysis; statistical methods for calculating the structure and dynamics of indicators of condition and development of state property. The overall system for assessing the socio-economic efficiency of state property management was carried out on the basis of microeconomic indicators and macroeconomic indicators (indicators of economic and social efficiency). The purpose of the paper is to reveal the trends of development of state ownership relations in the European countries as well as in Ukraine, in particular, the difficulties of the process of managing them, as well as to formulate possible ways to overcome such difficulties. Conclusions of the study. Today, the importance of the state as a public institute is objectively increasing in the most economically developed countries. By succeeding in achieving positive institutional changes in ownership relations (creating favorable conditions for SMEs, developing market infrastructure, conducting moderate privatization of state property, transferring state-owned enterprises to market tracks, maintaining policies for protecting national interests, etc.) the grounds for economic growth and improvement of the social sphere in France and Poland were made. Though the conducted analysis showed that the development of state property in Ukraine is contradictory, it has the following problems: ambiguous character of privatization; low efficiency of state property governance; insufficient efficiency of work of enterprises with state ownership; institutional problems. Overall, the socio-economic efficiency of state property governance in Ukraine needs improvement. Thus, the state policy of property governance should include, in particular, the following steps: development of a national model of governance, as well as strategies for the development of state property; organization of state property management entities; development of a system of criteria and indicators for assessing not only the economic but also the social efficiency of state property governance.

Abstract. The aim of the conducted research is elaboration of conceptual statements and formulation of practical recommendations aimed at development of the methodological bases of state financial support for small business. On the basis of the existing theoretical statements, discovery of essential characteristics, peculiarities and systematisation of the obtained results of the research, conceptual approaches to interpretation of the features of state financial support for small business during the coronavirus crisis have been suggested. Small business is an important component of the economic system of any country. It ensures formation of the complex structure of the market for goods and services, development of efficient competition and promotes addressing the needs of consumers in conditions of formation of their sovereignty. State financial support for small business in European countries is at different stages of development. In the EU countries, financial policy of small business regulation is an example of state intervention in the mechanism of market self-regulation in order to solve social and economic problems by changing the economic behaviorur of small enterprises. The formational process, strategic priorities of state financial support for small business in European countries and macroeconomic instruments for its implementation during the coronavirus crisis have been studied. Changes in the concern of the world community in forms of state financial support for small business have been detected. A comparative and analytical examination of the instruments for macroeconomic financial regulation, which are being used during the COVID-19 pandemic in Europe, has been conducted. The research shows the importance of small business in terms of solving economic and social problems of social development, outlines the situation of state financial support in the EU countries in comparison with Ukrainian small enterprises, determines the general features and differences in state regulation of entrepreneurship. The practical significance of the obtained results consists in the fact that the main scientific statements of the article can be used in practice of state and regional management of small business. Keywords: small business, state regulation, financial support, financial policy, coronavirus crisis. JEL Classification H12, D21, E61 Formulas: 0; fig.: 2; tabl.: 1; bibl.: 12.

The COVID-19 pandemic has posed unprecedented healthcare and economic resilience challenges for the world. This study systematizes the policy measures taken by the Visegrad Group and Ukraine to support national economies in response to the pandemic. The paper is based on a grouping method to systematize the policy measures, and a tabular method to present the results of the policy measures classification. Following systematization results, the policy measures for ensuring the economic resilience under the pandemic are classified as quarantine and compensatory measures. Additionally, quarantine measures were classified into prohibitions, restrictions, and recommendations. Compensatory measures were classified by the type of policy and grouped according to the global dimension in periodization of the COVID-19 waves. The analysis of quarantine measures in Ukraine and Visegrad Group also shows that prohibitions had been used most frequently and for the longest time in Ukraine, particularly they included school closures, public transport closing, and restrictions on internal movement. Meanwhile, fiscal, macroprudential, and microprudential measures prevailed among the compensatory measures. Simultaneously, 38% of all fiscal measures were direct grants to households and enterprises. The largest number of various measures (78) were implemented in Poland, linking quarantine and compensatory measures. The least compensatory measures were implemented in Ukraine (19) and Slovakia (15). Overall, policy measures helped to avoid a worse scenario of pandemic impact but did not help to overcome the effects of the pandemic fully.

The issue of institutional determinants of competition policy in financial services market is a relevant and promising research area, important both in theoretical context and in practical dimension. The substantiation of directions for the implementation of competition policy in financial services market is especially relevant in countries with emerging markets, to which Ukraine belongs. It is concluded that in recent years, the application of regulatory mechanisms in financial services market has become the basis of the digital transformation of its participants’ business model. The acceleration in the development of such technologies is due to the actions of regulators aimed at increasing the effectiveness of supervision tools after the financial crises and the rise in cost of compliance with new regulatory requirements. The basic determinants of achieving the appropriate level of competitive relations between the participants of financial services market are the development and implementation of an adequate and balanced state competition policy. In Ukraine, a legislative framework has been created and organizational foundations have been formed for the implementation of an effective state competition policy, but the deepening of market transformations constantly creates new problems in the competition policy, solving of which requires improved approaches. The study of institutional determinants of competition policy in financial services market allowed to identify the principal among them, such as the growing dependence on exogenous factors, the imperfection of information dissemination standards and information asymmetry, the violation of consumer rights, the deformation of norms and practices of conducting business, the low level of market entities credibility, dynamic development of financial innovations. The institutional environment determines the peculiarities of financial services market functioning, while the development of national economy is impossible when it is imbalanced. The task of solving the identified problems rests primarily on state institutions, at the same time, the consumers of financial services should actively participate in the constant monitoring of market entities activities.