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The aim of the article. Development of regional economy potential is a sophisticated and dynamic process which depends on many external and internal factors. The increase in quantity of knowledge intensive and innovation products is considered to be one of the indicators of competitiveness and positive development of national economy. The aim of the paper is to analyze the impact of innovation activities on the environment and economic development of the national economy. Panel data analysis for 25 Ukrainian regions was used to estimate economic development - innovation relations. There was used panel data for per capita incomes, innovation expenditures, stock of fixed capital and non-renewable energy resources consumption covering the period from 2005 to 2013. There was performed a Hausman specification test and results were in favor of general least square random effect regression for data analysis. The results of the analysis. The results suggest the presence of direct links between population incomes, innovation expenditures and nonrenewable resources usage. The article states that Ecoinnovations do perform a role of fluctuations in economic systems development and may result in different unexpected effects including the growth of air pollution or increase the rate of non-renewable resources consumption. The empiric research shows that annual increase of innovation spending on ten million UAH leads to an increase in non-renewable energy resources consumption on 8.7 million tons in a region. The innovation expenditures with minimal effect do increase the missions of air pollutants. The paper states that one of the reasons of negative innovation expenditures impact on environment situation in Ukraine is due to the fact that the core of Ukrainian industrial production (before the war and social and economic crisis) was associated with mining, mechanical engineering, metallurgical and chemical products. A significant number of additional innovations in above mentioned sectors were related to environmental pollution due to the existence of rebound effects. It is underlined that any negative resource fluctuations are reflected in the memory of ecological, economic and socio-economic systems through incorporating adaptation and/or bifurcation mechanism of development. Also the increase in number of innovations by domestic enterprises is correlated with the growth of non-renewable energy resources consumption. Conclusions and perspectives of further research. The increase in innovation expenditures do statistically significantly increase with minimal absolute effect the air emissions per one square kilometer. Also the same is true for non-renewable energy resources consumption and the higher the innovation expenditures in a region the more of non-renewable energy resources is consumed. The perspectives of further research are related with more deep analysis of innovations and innovation expenditures classification, since not all innovations presented by official data are true innovations and moreover they not related to eco-innovations. In general it is eco-innovations would include new or modified process, technologies, and products which contribute to environmental sustainability and minimize damage to water, air and soil. [ABSTRACT FROM AUTHOR]

The paper looks into global trends in development of digital information and communication technologies within the concept of Industry-4.0 as well as means for their introduction into public administration and regulation practices. Present-day problemsof monitoring energy flows and developing the energy balance of national economy are reviewed. Some directions for improving an institutional as well as organizational and methodological support to monitoring of national energy flows on the basis of contemporary digital technologies are substantiated. The Concept of development of digital economy and society of Ukraine for a period of 2018-2020 outlines some prospects of transition to a radically new paradigm of the socio-economic development of our country: from a predominantly raw-material type of economy, mainly focused on consumption of natural resources, to high-tech industries which efficiency is achieved owing to the use of digital processes and resources produced with the help of IT technologies and up-to-date communication means. A Plan of immediate actions in implementation of the above Concept provides for development of solutions for encouraging the applicationof the Industry 4.0 technologies for efficient (rational) consumption of power at industrial facilities. Digital monitoring of energy and relevant financial flows, which will allow in the first place to develop a reliable energy balance of national economy and assess the efficiency level and directions for its structure improvement, is to become the basic information and communication platform for such solutions. The second, not less important, result which can be achieved once a digital monitoring system is introduced at the national level is creation of conditions for objective determination (rather than 'economic justification' by monopolists) of prices for energy resources as well as housing and utility services as the basis for effective regulation of activities of natural monopolies and development of real competition in energy resource markets, which, in its turn, will raise the level of social trustin economic reforms of authorities in the field of power engineering and energy efficiency. The digital monitoring system comprises many aspects of handling the issues of energy efficiency and energy saving, which will become the object of future studies on the basis of a by then new information platform, specifically: elaboration and introduction of a package of unified organizational, technical, communicative, information, software means and techniques for formation of all kinds of energy balances and monitoring of its indicators according to common standards as well as development of automated software and hardware tools for accounting and control of energy resource consumption and use of housing and utility services. Only the employment of up-to-date information and communication technologies will allow to improve transparence, reliability and comparability of consumption and payment accounting of fuel and energy resources on a real-time basis and, based on the above, to develop high-quality energy balances at all levels of the territorial productionhierarchy of administration. [ABSTRACT FROM AUTHOR]

The aim of the article. This article is concerned with solving problems of industrial enterprises modernization in Ukraine considering current socioeconomic conditions. The results of the analysis. The industrial enterprises survey in Western Ukraine and the analysis of their current state and prerspective of modernization are presented in this paper. The survey was conducted by authors and found out that the enterprises majority in Western Ukraine confirmed the commitment to modernization and innovative transformation for advanced development possibilities. Enterprises need to use a wide range of production possibilities in conditions of very limited investment. This situation contributes to the development and production of flexible organizational structures with minimal budgets that would be able to maintain effective global horizontal industrial, economic and branching commercial relations. The authors identified the following characteristics of the successful (profitable) future enterprise such as continual changes, quick response and advanced knowledge of the concept of quality which based on the analysis of the current range of development objectives at machine-building enterprises in Western Ukraine and comparing them to the business environment in developed countries. The authors represented strategic goals and identified the modernization priorities of national enterprises. According to the authors, the basic requirements to the production organisation in the modern conditions are quality assurance and standartization of technological manufacturing processes; availability of chain cost optimization benefit tools; the flexible organizational structure and system configuration of the production capacity. The article defines the principle "flexible organizational structures of the production enterprise - the ability of the enterprise with minimal cost and in short time without stopping the process of activities to release new products, the introduction of a new production line and so on. Modern organizational and production structures should be able to improve themselves that will help the company "grow out of itself.". The research shows that the transformational competencies formation of the company is an important factor of the modernization. The authors identified and classified a number of methods for responding to the disturbance of the environment, depending on sources fluctuation. In such circumstances, modern enterprises need modernization - the "smart modernization" which is monitored at the level of the whole management and production technology, particularly through the implementation of the intelligent automated elements at work. The authors identified several types of the most common technological concepts and systems (PPS, SCM, IR, CAM), which are being actively implemented in European companies and recommended it to the national market. Conclusions and directions for further research. The provided survey found that the majority of enterprises in Western Ukraine confirmed the necessity and commitment to modernization and innovation transformation for the advanced development prospects. There is a necessity of formation the flexible organizational units and production structures that meet the needs of today's transformational potential with appropriate skills. The authors highlighted three areas of the manufacturing industry organizational structures: the formation of an effective control management mechanism by horizontal organizational structures; development of organizational and production structures which can be flexibly integrated into both internal and external value chains; development of effective mechanisms at the responsibility centers with advanced tools for analyzing processes of modernization. Further researches are connected to the efficiency assessment system development of industrial enterprises flexible organizational structures. Also, it could cover the area of the beneficial effects from the appropriate technologies introduction for adoption the best international practices to the national enterprises specific operating conditions. [ABSTRACT FROM AUTHOR]

This paper covers the features of applying innovations in the banking sector in Ukraine. It was found that for building customers' confidence and meeting their needs, banks shall continually improve the quality of services aided by active introduction of innovations. In order to clarify the peculiarities of innovation in the banking sector, the basic concepts of innovations and innovative activity were defined. The significance of globalization for the domestic banking system is determined. The list of positive effects of globalization on the application of innovation in banks is provided. The role of the innovative capacity of banks to implement innovation is characterized. The model of structured approach to innovative activity of a bank is built, which consists of resources required for introducing innovations, effect of external factors and factors of innovative activity of a bank. The components of an integrated approach to management of banking innovative activity are given. Classification of bank innovations is provided and the life cycle of innovative product is described, which includes three phases, namely growth, maturity and decline. The most current innovations being introduced by the banks are identified, such as mobile banking and Internet banking. The essence of mobile banking is described, which includes SMS informing about the operation on the account, the function of inquiry of the account balance, etc. Internet banking is separately described, which is being actively implemented by the banks in Ukraine in their practice of banking services. Classification of Internet banking services is provided, including basic services and optional services. The importance of such information innovations as applications for smartphones is outlined. It was established that innovations in the management system of banks in Ukraine take one of the leading roles and ensure their sustainable development. Through innovations financial institutions of Ukraine can capture positive and new trends not only in the domestic market of banking services but also go beyond it. [ABSTRACT FROM AUTHOR]

В статье исследованы теоретико-методологические основы формирования понятия «экологическая модернизация социально-экономического развития». Учитывая направления использования общеупотребительной категории «модернизация», автором сделаны выводы о необходимости выделения такой трактовки понятия экологической модернизации, которое бы способствовало охвату всех стратегических целей устойчивого развития в регионе. В рамках данного исследования рассмотрены теоретико-методологические и процессные особенности становления экологической модернизации социально-экономического развития, предложено ориентиры экологической модернизации социально-экономического развития региона в контексте «зеленого» роста. The aim of the article. The aim of the article is to study the theoretical and methodological bases of ecological modernization of socio-economic development of the region. The results of the analysis. This paper studies scientific basis of transformation processes for sustainable development, which is important at this time. Considering direction of the history of sustainable development concept, the author emphasizes that if to follow the basic guidelines to upgrade social and economic systems to «green» economy, then it can expected results of ecological modernization. It will save funds due to forewarned of economic damage from pollution and environmental cost savings compensation «rehabilitation» resources and territories. Moreover, prevention of anthropogenic pressure increases the chances of social systems to improve the quality of life and improve the health of the nation. From economic point of view, clean production is more competitive. This study considered the theoretical and methodological bases of ecological modernization of process of socio-economic systems in a region that involves making special reference points of development. Ecological modernization is a prerequisite for ecologically transformation based on quality eco-oriented reforms in social and economic systems. Ecologically safe transformation of socioeconomic development means certain progressive changes (intersystem, and intersystem synergistic) and transformations that are strategic in view of eco-focused goal-setting. Such understanding provides for: 1) understanding of transformation as a process which is already identified in environmental trend of socio-economic system; 2) spatial certainty of eco-oriented reforms in connection with certainty qualities of the future development of the system. Arguably, it can and should lead to the structural changes in innovation for sustainable development. Conclusions and directions of further researches. It is shown that today special attention should be paied to the issues of the theoretical and methodological bases of ecological modernization of socioeconomic development of region. It is becoming more apparent that the main vector of ecologically innovative transformational changes not associated with the introduction of total treatment facilities, but with increasing system efficiency and social standards. Taking into account the using of category «modernization» the author concluded that it is necessary to allocate such an interpretation of the concept of ecological modernization, which would support the inclusion of all the strategic objectives of sustainable development in the region. This study examined the theoretical and methodological features of forming the process of ecological modernization of socioeconomic development. Environmental improvements of targets of socio-economic development of the region in the context of green growth are proposed. They are: forming ecologically reproductive mechanisms of social and economic development; improving the quality of life of the general public access to natural resources and ecosystem services; development of optimal institutional infrastructure socioeconomic system of the region; forming a package of eco-modernization of goal-setting changes in socio-economic development; formation of economic shifts the modernization of management tools for green growthaddressing regional socio-economic problems and reduce regional disparities. Further researches should be addressed to developing new methodological approaches to the development of environmental metrics modernization of socio-economic development for green growth in the region with further evaluation of the process. [ABSTRACT FROM AUTHOR]

The aim of the article. The aim of the article is to study the theoretical and methodological principles for environmentally oriented businesses formulating and portfolio management in the region. The results of the analysis. This paper studies the prospects for the formation and management of the environmentally oriented business projects business portfolio. The purpose of this is to create new clusters types which are based on the production capacity of environmental products and services in the region. Considering strategic direction of the Ukraine's Regional Development the authors concluded the necessity of common instrument forming. That would help to accumulate possibilities and priorities of the various innovative structures and business in general in the region. This study considered the theoretical and methodological bases of environmentally oriented projects business portfolio formation and management in the region. Today Ukrainian government system directs the efforts for regional policy funding, development priorities coordination and calls to focus on key projects that provide improvement of innovative infrastructure for economic growth stimulation, creating conditions for private sector development and public access to services. Preference is given to the issues of financial resources concentrating on the key tasks with long term impacts on regional development and national economy as a whole. Taking in account the provisions on strategic vision formation for regional development is evident for single instruments forming that would allow regional governments to manage this process. It would help to accumulate results of activity of various innovative structures and business in general. Environmentally oriented businesses portfolio is a «collection» of strategic business groups and individual businesses (projects), especially, innovative, which are formed within the same regional development strategy (strategy of sustainable development and «green» economy) and aimed to achieve the socio-environmental and economic effects. Primary task of each company that produces environmental products or is engaged in environmental services providing (or related activities) is to create the optimal business portfolio which combines with company's advantages, and at the same time is a perspective direction for region's investment attractiveness increaseing and new markets development. It is proved that portfolio of environmentally oriented businesses and environmental projects should be considered as a factor in its sustainability. It performs the target function of the heart of investment processes reproduction in the region. The portfolio of environmentally oriented businesses and environmental projects serves as integrative factor combining the monitoring of environmentally oriented innovative processes, technologies, processes of product creation, methods of environmental projects organization and its funding. Conclusions. It is shown that today special attention should be paid to the issues of providing optimal performance of strategic tasks of regional development. At the same time it is necessary to support the proper level of environmental safety and efficient use of environmental and economic potential of the region, activate the investment and innovation processes at regional level. The authors reviewed the issue of a environmentally oriented business projects portfolio forming as a part of process of new clusters creating that is based on possibilities of environmental goods and services production. Development of business management portfolio is based on environmental safety factor of individual business and the region as a whole. It can facilitate the solution of social and economic problems, including problems of employment, quality of life, projects profitability, environmentally targeted production development, export potential increasing, and Ukraine's image improving. In the further researches we plan to develop new methodological approaches to the formation of the innovation and investment projects portfolio at the regional level with further assessment and identification of ecological, social and economic effects. [ABSTRACT FROM AUTHOR]

The aim of the article. The aim of the article is to study the role of the system of innovation management in cluster formations on the basis of ecologically oriented creative approach for sustainable development. The results of the analysis. The paper studies the problem of system management in the formation of cluster structures as еcopolis in the transition to environmentally sustainable development, addressed organizational and economic background applications eco-creative approach to the establishment and operation of еcopolis as self- reproduction socio-ecological-economic system. Perspective directions of solving the problems systems management in the context of sustainable development, in our view, next: the reproductive mechanism of the economic transformations directed on «green» development areas; dematerialization activation processes at various levels of management; ecologically oriented economic development (dynamic transformation of the economy, taking into account the principles of sustainable development based on innovation); clustering scientific production and educational specialization (ecopolis). Question the beneficial use of environmental conditions and initiatives arise when a key prerequisite for the formation of ecopolis. Conclusions and directions of further researches. It is shown that one of the best ways to achieve these goals, mechanisms that implement ecologically effective management at the regional level, is to create in the country such as forms of ecopolis. These studies need to continue to develop a system of tools and mechanisms to ensure the implementation of the concept of innovation management system such as cluster formations ecopolis in the context of sustainable development. Also it is required the development the organizational and economic development of system management tools cluster units. [ABSTRACT FROM AUTHOR]