Bulletin of Taras Shevchenko National University of Kyiv. Economics.

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Authors: L. Kot, Phd in Economics, Assistant Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

In the article there is analysed the main approaches to the definition of state aid, including made by EU regulatory documents such as, for example, the Treaty Establishing the European Community and the Treaty on the Functioning of the European Union. Also there is considered the role and importance of the state aid in ensuring the effective functioning of mechanism ofstate regulation and support of small and medium enterprises. Thereisstudied the experience of state support in the form of state aid to a number of European countries and legislative regulation of state aid in Ukraine.

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Authors: Y. Kaliuha, Doctor of Sceinces (Economics), Professor National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine

Components of the budget classification of Ukraine, which are used for accounting and administration of budgets of different levels, have been investigated. The five-level hierarchy of normative documents in accordance with international practice has been proposed. The analysis of the budget classification of Ukraine and of that one, which has been developed in accordance with the IMF GFSM 2001, has been done as the basis for implementation of the method of accrual in the public sector. Proposals on the improvement of the budget classification and the method of accrual have been made.

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Authors: H. Bachev, PhD, Professor Institute of Agricultural Economics, Sofia, Bulgaria

This article gives answers to following important questions: "what is sustainability of farming enterprises" such as individual and family farms, agri-firms of different types, agri-cooperatives, etc.", "what are the mechanisms and modes of governance of sustainability of farming enterprises", and "how to evaluate the sustainability level of farming enterprise and efficiency of its governance". First, evolution of the "concept" of sustainability of farming enterprise is discussed and more adequately defined as ability of a particular enterprise to maintain its managerial, economic, social and ecological functions in a long term. Second,institutional, market, private, public and hybrid mechanisms and modes of governance of farming enterprise's sustainability are specified. Third, a specific for the conditions of East-European agriculture framework for assessing sustainability level of farming enterprise and efficiency of its governance is suggested. Ultimate goal is to assist farming enterprises' management and strategy formation as well as improvement of public policies and forms of public intervention in agrarian sector.