The article examines the comprehensive issues of organizing the State financial control in the sphere of public procurement in Ukraine, which is particularly relevant given the current socioeconomic challenges. The aim of the study is to theoretically understand the organization of the State financial control in the sphere of public procurement in Ukraine, taking into account contemporary challenges and legislative innovations. The article analyzes the institutional structure of the State financial control bodies, where the State Audit Office of Ukraine plays a key role. A detailed review of the elements of the State financial control is provided, including legislative regulation, institutional bodies, types of control, effective instruments to prevent violations, and types of liability. The differences between various types of control are shown: monitoring of procurement procedures, verification of purchases, inspection, and the State financial audit. The author places particular emphasis on the monitoring of procurement procedures as the most preventive type of control, which allows for the remote detection and prevention of violations before the reporting of the purchasing entity. The work highlights the grounds for conducting procurement monitoring. The role of public control and the electronic mechanism for appealing violations through the Antimonopoly Committee of Ukraine is separately emphasized. It has been determined that implementing transparent monitoring mechanisms and expanding automatic risk indicators are essential for improving the efficiency of the State financial control. Recommendations have been formulated to expand the scope of monitoring to all types of procurement, as well as to enhance the human resources of controlling bodies. It is underlined that the introduction of effective control mechanisms and the assurance of the inevitability of accountability for violations is the foundation of trust in the State institutions and serves as an incentive for compliance with legislation by contractors. Prospects for further research in this area include assessing the efficiency of control measures and enhancing automated mechanisms for identifying violations in public procurement.

In the current conditions of globalization and Ukraine’s integration into international economic structures, one of the key tools for improving the efficiency of export-import operations is e-invoicing. Implementing this tool in accordance with the European standard EN 16931 can significantly enhance the transparency and efficiency of financial and economic operations, reduce administrative costs, and simplify international trade. The aim of the research is to theoretically substantiate the feasibility of implementing e-invoicing according to the EN 16931 standard in the export-import activities of businesses in the public sector of Ukraine. To achieve this goal, the authors have tackled a number of key tasks, among which: the revealing of the nature and main characteristics of e-invoicing as a digital tool, the comparison of e-invoicing implementation in EU countries, the identification of key trends and models of its implementation, as well as the determination of advantages and challenges that may arise during the implementation of this tool in Ukraine. The study outlined key aspects of implementing the e-invoicing system in Ukraine’s export-import activities, particularly in the context of integration into European standards such as the EN 16931. It is found that e-invoicing is a powerful tool for digitalization that enhances the transparency of financial transactions, reduces administrative costs, simplifies customs procedures, and facilitates integration into the European economic space. The study conducted a comparative analysis of e-invoicing implementation in EU countries, identified key trends, models of implementation, and the impact of this tool on export-import activities, allowing for the formulation of best practices for Ukraine. The result of the research is a theoretical substantiation for the feasibility of implementing e-invoicing in Ukraine’s export-import activities, taking into account European experience, as well as identifying the advantages and challenges that accompany this process. In particular, it has been determined that the integration of e-invoicing will allow Ukraine to achieve greater efficiency in foreign trade, improve cooperation with European counterparts, and reduce risks related to errors and fraud in financial transactions. However, the implementation of this technology in Ukraine requires addressing a number of issues, among which technical unification, regulatory legal framework, and staff training are important. Prospects for further research include analyzing the legal, economic, and technical aspects of adapting e-invoicing in Ukraine, particularly evaluating the efficiency of this tool, and developing recommendations for improving national legislation to ensure harmonization with European standards. It is also important to study the social and economic effects of implementing e-invoicing in the context of national economic development and integration into the European digital market.

The article presents a comprehensive study of the financial capacity of Ukrainian territorial communities in the context of the ongoing full-scale war and outlines the strategic directions for their post-war recovery. The relevance of the topic is determined by the unprecedented challenges faced by local budgets: a sharp decline in tax revenues caused by the destruction of the economy and population migration, along with a simultaneous exponential increase in expenses for restoring critical infrastructure and supporting internally displaced persons (IDPs). This critical imbalance has created financial difficulties that threaten the effective functioning of communities and lead to the emergence of the so-called «negative economic cycle». The aim of the research is to develop and scientifically substantiate a new conceptual model that ensures the financial capacity of territorial communities based on the organic unity of their financial potential and institutional capacity. The methodological foundation of the work incorporates a systemic approach that enables the consideration of financial capability as a complex, multi-component system. The article presents a model of the community’s «Financial DNA» as a scientific metaphor. This model illustrates the organic unity of two key components – financial potential (the ability to form a resource base and mobilize income) and institutional capacity (the ability of local government bodies to effectively manage resources and adapt to changes). The scientific results obtained demonstrate that to break the «negative economic cycle» and create a «positive cycle» of development, it is critically essential to shift from a policy of «survival» to strategic planning. It has been proved that success depends on the synergy of three key areas: 1) enhancing financial potential through the diversification of income sources; 2) strengthening institutional capacity through the introduction of adaptive management mechanisms; 3) minimization of risks through financial security tools, including military risk insurance and social investment. The conclusions obtained can be utilized by government authorities to adjust fiscal policy, as well as by local governments to enhance financial stability and effective resource management in complex, unpredictable conditions.

The article presents a theoretical substantiation for the public component of green finance. The generalization of scientific viewpoints from domestic and foreign economic science regarding the essence and structure of green finance has enabled the distinction of both public and private components within it. The public component of green finance encompasses financial relationships involving the State, which accompany the formation and utilization of financial resources for the implementation of ecological sustainable development goals. Both general and specific characteristics of public green finance are disclosed, along with the principles of their operation, which include imperativeness, strategic orientation, and the alignment of interests (inclusiveness). Particular attention is given to uncovering the main features of the instruments of green finance that public authorities use in the formation and utilization of financial resources for the realization of the ecological component of sustainable development goals. According to the nature of the action, these instruments are classified into fiscal, regulatory, and universal. Financial instruments of public green finance have also been proposed to be distinguished according to the content of operations in which they are involved (when forming or using financial resources), but a characteristic feature of some such instruments (grants, green loans) is their universality. Key features and problematic aspects of environmental taxation, the implementation of a greenhouse gas emissions trading system, and innovative schemes for converting State debt obligations in exchange for funding green projects are characterized. It is substantiated that under wartime conditions, budgetary programs related to the sphere of green finance have not only environmental but also security significance, aimed at reducing Ukraine’s dependence on imported energy resources and maintaining the country’s energy system in a functional state. Prospects for further research on the theoretical substantiation of public green finance lie in examining the external environmental factors that influence the parameters of their development, as well as developing formalized approaches to assess the impact of public finance instruments on the indicators of the country’s ecological development.

The aim of the article is to closer define the theoretical foundations and develop methodological approaches for integrating social security into the corporate security management system under wartime conditions in order to enhance the resilience of enterprises to social threats and risks. An analysis of literary sources has allowed for closer defining the essence of the concept of «social security» based on the principles of multi-level and systemic, process-oriented, protective, and targeted approaches. A list of components of the multi-level social security system has been systematized, and the nature of their interconnections with the corporate security of the enterprise has been examined. Components of social security have been identified at various levels: for the individual employee (individual level), for the enterprise (micro-level), for the industry and region (meso-level), for the State (macro-level), and for global social security (mega-level). The role, purpose, tasks, and functions of integrating social security into the corporate security management system of the enterprise have been substantiated. A systematic list of threats to the enterprise’s social security has been proposed, distinguishing between internal and external threats. Among the internal threats to social security, the following have been identified: threats of socioeconomic, socio-psychological, socio-labor, managerial, and informational nature. In the category of external threats to social security, it is proposed to categorize extraordinary threats caused by wartime challenges, extraordinary threats, and reputational threats. Successful practices of Ukrainian businesses in countering social threats have been analyzed. The aim, principles, and stages of developing a mechanism for integrating social security into the corporate security management system of the enterprise have been substantiated. The mechanism for enhancing the integration of social security into the corporate security management system of the enterprise has been improved through its block structure (target block, blocks of analytical, functional, organizational support, block of internal control, and feedback) and substantiation for each block of tools among organizational-management, economic, analytical, communication-psychological, and institutional tools for integration.

The aim of this article is to construct and carry out an integrated evaluation of a system of indicators for regional logistic systems using an improved entropy weight method. Promoting the development of regional logistic systems is crucial for reducing logistic costs in the real economy and enhancing the endogenous component of economic development. This article establishes an evaluation system consisting of 17 indicators organized into four dimensions: result scale, operational quality, social contribution, and green development. The system reflects both the scale and efficiency of the logistic sector and its environmental impact during development. Additionally, it captures changes within the logistic sector itself as well as its contributions to other industries and to people’s livelihoods. An improved entropy-weight method and kernel density estimation were applied to assess the development level of regional logistic systems, in order to determine their spatial and temporal distribution, dynamic evolution, and regional differences. The key advantage of the improved entropy-weight system is that it utilizes indicator information in both spatial and temporal dimensions, using a global reference area, which allows for both vertical and horizontal comparisons of evaluation results. The comprehensive analysis of the characteristics of regional logistic systems in terms of spatial and temporal evolution showed that the level of regional logistic systems changed with an average annual growth rate of -0.04% between 2002 and 2024, though with significant regional and inter-provincial differences. From 2002 to 2024, based on the average annual growth rates of regional logistic systems, only the central, western, and northern regions achieved effective growth. In other words, regional logistic systems across the country and in the five main regions were bipolar or multipolar, with characteristic gradient features. To analyze the dynamics of the distribution of regional logistic systems and to clearly depict the evolutionary model of regional logistic system levels, the kernel density estimation – a nonparametric method capable of describing the distribution of a random variable in terms of a continuous density curve was used. The study revealed that, due to the full-scale military invasion, the gap between logistic systems in different regions gradually widened, showing a gradual reduction in the differentiation feature of «east–center–west».

The article explores current trends in the development and regulation of the cryptocurrency market in the global economy, considering the transformational processes of the financial system and digitalization. The authors examine the nature and classification of the main types of cryptocurrencies, including bitcoin, Ether, stablecoins, altcoins, and tokens, which serve as means of payment, investment instruments, and components of decentralized finance. The article analyzes the dynamics of the cryptocurrency market, its capitalization, and the number of cryptocurrency owners within the regional structure, using statistical data from leading international organizations and analytical agencies. Particular attention is paid to regulatory models in different regions of the world: the legislative practices of the European Union, approaches in the USA and Canada, the United Kingdom, Switzerland, as well as the experience of developing countries, where cryptocurrencies have become popular as a tool to protect against inflation, safeguard investors from fraud and manipulation, and to build trust, thereby promoting financial inclusion. The Ukrainian context has been analyzed, including the adoption of the Law «On Virtual Assets», as well as the role of cryptocurrencies in financing humanitarian and defense needs during periods of military challenges. Key issues have been identified, including the lack of globally unified rules, money laundering risks, cyber threats, and market volatility. The prospects for the development of the cryptocurrency market are substantiated in terms of combining innovation and security through the harmonization of regulatory standards, the development of international cooperation, and the integration of crypto instruments into the legal financial system. The obtained results contribute to a better understanding of the role of cryptocurrencies in the modern economy and provide a foundation for effective State policy in the field of financial innovations.

The aim of the research is to reveal the essence of business internationalization through the identification of its motives, types, forms, and methods; to improve the conceptual understanding of the system of strategic management of business internationalization, taking into account the deep diversification of this process and the necessity of its integration into the company’s business model under conditions of a high level of turbulence in the international environment. The article reveals the essence of business internationalization through a systematic study of its motives and risks, types, forms, and methods of implementation. It is substantiated that the system of managing the internationalization of business should be considered as a set of three segments: «model of strategic behavior of the business entity» – «target strategy» – functional (situational) strategy of internationalization. It is argued that within the framework of the model of strategic behavior, which can be ethnocentric, polycentric, regiocentric, or geocentric, the implementation of an internationalization strategy takes place, chosen according to the objectives of the business entity and its current competitive position in the market. In the case of focusing the enterprise on the expansion of new markets, strategic management of internationalization is based on a deep strategic analysis and a system of key management decisions regarding the type and form of internationalization, its timing and dynamics, and the business direction that will be promoted in the new market. The enabling tools for the functioning of the established system of strategic management of internationalization should be speed, flexibility, adaptability, and variability, which will contribute to the efficient integration of the process of internationalization into the company’s business model.

The article is devoted to the consideration of blockchain technology as a means of automating inter-organizational business processes. It is noted that the digitalization and automation of internal business processes bring significant benefits in terms of increasing productivity and reducing costs. However, organizations face difficulties when trying to obtain such benefits for inter-organizational processes, partly due to a lack of trust. This paper considers a blockchain approach to address this problem. Bitcoin has demonstrated how blockchain can provide a distributed system without the need for trust through cryptography and decentralization. LTO extends this approach with a decentralized workflow engine for ad-hoc collaboration. Information is exchanged between participants through private event chains for each process and hashed on a public blockchain. This hybrid approach allows organizations to comply with data protection requirements and avoid scalability issues typical of blockchain projects. The advantages of LTO live contracts over Ethereum smart contracts are discussed. Live contracts do not contain values directly, but describe the interaction between the parties, unlike the cryptographic "boxes" of smart contracts. Modeling live contracts as finite state machines allows visualizing them in the form of a flowchart. Alternative modeling techniques such as Petri nets and BPMN are discussed. The article describes a scenario-based approach to defining a workflow containing states, actions, participants, assets, and embedded data objects. The features of data objects, participant identifiers, process execution and its adaptability are detailed. The author explains the operation of a private event chain as an ad-hoc private blockchain that ensures the consistency of the process state between nodes. Methods of ensuring data privacy are discussed. The second part of the article is devoted to the global public blockchain LTO to confirm information from private event chains. The consensus algorithm is explained based on the importance of token ownership and its use to prevent abuse. Optimizations, such as the NG protocol and aggregation blocks, are discussed to scale with a large number of transactions. The last part describes the architecture of the platform and its components: microservices, application layers, container orchestration. The platform makes it easy to digitalize and automate inter-organizational interactions using live contracts on the blockchain.

The lending policy of a commercial bank is a key element of its strategic management, which determines the principles of granting loans, risk assessment and setting interest rates. In a dynamic financial environment, banks are forced to adapt their strategies to ensure stability and competitiveness, taking into account economic conditions, regulatory requirements and technological innovations. This requires constant monitoring of market changes and the introduction of innovative approaches to minimize risks and increase the efficiency of lending activities. The article is aimed at assessing the efficiency of the lending policy of a banking institution in a dynamic economic environment and determining the main directions of its improvement to ensure the stability of the banking system, reduce lending risks and support economic growth. The article substantiates the need to form an effective lending policy of the bank in the conditions of modern economic instability, which is an important factor for ensuring the stability and efficiency of the bank. The lending policy of JSC «BANK UKRAINIAN CAPITAL» has been analyzed, namely the volume of loans granted and their structure, no less important is the analysis of reserves created for possible lending losses, the share of loans in the bank’s assets has been calculated, which made it possible to assess the level of risk and stability of the financial institution. The article analyzes the efficiency of the lending policy, specially: the main indicators of profitability and risk of the bank’s loan portfolio are calculated, which allow to carry out a detailed analysis of the efficiency of lending and identify potential risks that may negatively affect the financial stability of the bank. On the basis of the carried out analysis, recommendations for improving the lending policy of JSC «BANK UKRAINIAN CAPITAL» are formulated, aimed at reducing risks, improving the quality of the loan portfolio and ensuring sustainable economic development of the bank in an unstable market.