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Problems of Financing for Cross-Border Cooperation Programs and Projects in Ukraine
Melnyk O. H., Pryveda R. B.

Melnyk, Olha H., and Pryveda, Roksana B. (2020) “Problems of Financing for Cross-Border Cooperation Programs and Projects in Ukraine.” Business Inform 5:87–93.
https://doi.org/10.32983/2222-4459-2020-5-87-93

Section: International Economic Relations

UDC 339.976

Abstract:
The article is aimed at studying the problems of financing for cross-border cooperation projects and finding recommended solutions to eliminate them. In particular, the article analyzes various sources of financing and support for implementing the cross-border cooperation programs and projects; priority directions for cross-border cooperation are allocated; importance of the functioning of programs and projects of cross-border cooperation in Ukraine is emphasized. The study used statistics on project financing by the European Investment Bank in Ukraine, the European Bank for Reconstruction and Development, as well as development support programs by the Organisation for Economic Cooperation and Development. In order to solve the problems of attracting financial support from the EU in terms of implementation of cross-border cooperation projects, it is recommended to finance cross-border projects with involvement of local authorities and the State authorities along with using their budgets, providing funds for a certain period of implementation of projects, which, in turn, will improve the efficiency of implementation of such projects in the border territories. According to the obtained results, the priority directions for the European Union to finance the cross-border cooperation and development projects are sectors of the agriculture and transport economy, namely, modernization and innovative development of industry branches, improvement of regional transport routes and the infrastructure in regions and districts.

Keywords: cross-border cooperation, sources of financing, European Neighborhood Policy, European Investment Bank, European Bank for Reconstruction and Development, socio-economic development, border territories.

Fig.: 1. Tabl.: 2. Bibl.: 8.

Melnyk Olha H. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Foreign Trade and Customs Operations, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]
Pryveda Roksana B. – Assistant, Department of Foreign Economic and Customs Activities, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]

List of references in article

Mikula, N. A., and Kalat, Ya. Ya. “Yevrorehionalne spivrobitnytstvo v systemi transkordonnoi spivpratsi“ [Euro-Regional Cooperation in the System of Cross-Border Cooperation]. Sotsialno-ekonomichni problemy suchasnoho periodu Ukrainy. 2014. http://ird.gov.ua/sep/sep20144(108)/sep20144(108)_028_MikulaNA,KalatYY.pdf
The European Neighbourhood Instrument (ENI). https://www.euneighbours.eu/en/policy/european-neighbourhood-instrument-eni
“Ukraine and the EIB“. European Investment Bank. https://www.eib.org/en/projects/regions/eastern-neighbours/ukraine/index.htm
“Ukraine and the EBRD“. European Bank for Reconstruction and Development. https://www.ebrd.com/ukraine.html
OESD International Development Statistics. https://www.oecd-ilibrary.org/development/data/oecd-international-development-statistics/donors-forward-spending-plans_g2g558bd-en?parentId=http%3A%2F%2Finstance.metastore.ingenta.com%2Fcontent%2Fcollection%2Fdev-data-en
“European Neighbourhood Policy and Enlargement Negotiations. Ukraine“. https://ec.europa.eu/neighbourhood-enlargement/neighbourhood/countries/ukraine_en
“Financed projects / / European Investment Bank“. https://www.eib.org/en/projects/loans/index.htm?q=&sortColumn=loanParts.loanPartStatus.statusDate&sortDir=desc&pageNumber=0&itemPerPage=25&pageable=true&language=EN&defaultLanguage=EN&loanPartYearFrom=2013&loanPartYearTo=2019&countries.region=4&orCountries.region=true&countries=UA&orCountries=true&orSectors=true
Hoblyk, V. V. “Rol yevrorehioniv u rozvytku ekonomichnoho spivrobitnytstva prykordonnykh rehioniv Ukrainy ta krain - chleniv YeS“ [Role of Euroregions in Development of Economic Cooperation between the Border Regions of Ukraine and EU Member States]. Ekonomika ta derzhava. 2015. http://www.economy.in.ua/pdf/7_2015/5.pdf

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