http://www.baltijapublishing.lv/index.php/issue/issue/feed Baltic Journal of Economic Studies 2026-02-17T14:37:25+00:00 Anita Jankovska jankovska@baltijapublishing.lv Open Journal Systems <p><strong>ISSN (Print)</strong>: 2256-0742</p> <p><strong>ISSN (Online)</strong>: 2256-0963</p> <p><strong>DOI</strong>: https://doi.org/10.30525/2256-0742</p> <p>Publishing House of Polonia University “Educator” and ISMA University of Applied Sciences are the co-publishers of this periodical.</p> <div style="text-align: justify;">The <strong>"Baltic Journal of Economic Studies"</strong> is an international scientific journal in the field of economics, business management, national economy, structural and social policies, innovation perspectives and institutional capability. The scientific journal publishes original research and theoretical and practical articles on many issues of economic science. The main attention is paid to articles on the evaluation and analysis of the modern economy, the branch economy of local and foreign markets, the development of business strategies that further promote the direct development of the economy of Eastern Europe and Baltic states.</div> <div style="text-align: justify;">The journal is now published five times a year, and is seeking manuscripts for its upcoming issues. We welcome original research and industry experienced papers. Those who are interested to publish their research papers are requested to send their original research papers to us.</div> http://www.baltijapublishing.lv/index.php/issue/article/view/3154 EXPLORING THE FACTORS AFFECTING CONSUMER BEHAVIOUR IN USING DIGITAL BANKING SERVICES (EMPIRICAL EVIDENCE FROM GEORGIA) 2026-01-26T13:49:21+00:00 Nugzar Todua nugzar.todua@tsu.ge Nino Gogitidze nino.gogitidze@tsu.ge <p>The article demonstrates that the rapid growth of digital banking services has significantly altered consumer behaviour, making empirical research into the factors influencing digital banking adoption essential. Digital banking technologies are also developing rapidly in Georgia. Therefore, studying the behaviour of Georgian consumers in relation to digital banking services is highly relevant. This research aims to investigate Georgian consumers' attitudes towards using digital technologies. The focus of the research is the Georgian banking sector. The theoretical basis of this paper is the theory of consumer behaviour, which describes the influence of cognitive and emotional factors of digital banking users on their satisfaction. Following a thorough analysis of extant literature on the subject, the following variables were selected for inclusion in the research study: awareness of digital banking, social media marketing activities provided by banking institutions, consumer trust, consumer intention, use of digital banking services by consumers, and consumer satisfaction. The present study employs the online survey method. Primary data were collected through the administration of a structured questionnaire, which was completed by 433 respondents selected at random. The data were analysed using regression analyses. The findings substantiated the model's reliability and validity. This study found a positive relationship between consumer intention to use digital banking and awareness (β = 0.367, p &lt; 0.01), social media marketing activities (β = 0.384, p &lt; 0.01), and trust (β = 0.432, p &lt; 0.01). Furthermore, a positive attitude has also been established between consumer intention and use of digital banking (β = 0.621, p &lt; 0.01); also, use of digital banking services and consumer satisfaction (β = 0.609, p &lt; 0.01). This original study makes a significant contribution to the extant literature in the field of banking marketing. The present study offers practical insights, thus supporting the design of targeted marketing strategies to promote digital banking adoption in the Georgian banking sector.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Nugzar Todua, Nino Gogitidze http://www.baltijapublishing.lv/index.php/issue/article/view/3155 ECONOMIC AND LEGAL PRINCIPLES FOR ENSURING THE FINANCIAL SUSTAINABILITY OF LOCAL SELF-GOVERNMENT BODIES IN UKRAINE: CHALLENGES AND PROSPECTS 2026-01-26T13:49:21+00:00 Denys Moskal moskal.denys@gmail.com <p>This article examines the economic and legal principles that ensure the financial sustainability of local self-government bodies in Ukraine, particularly in the context of decentralisation reforms and mounting budgetary challenges. Financial sustainability is defined as a multifaceted concept reflecting a municipality's capacity to generate stable revenues, balance expenditure, manage debt responsibly, and provide essential public services amid macroeconomic instability and limited resources. The study aims to analyse the theoretical and regulatory approaches to the financial sustainability of local self-government, identify the main issues in its legal and economic framework, and set out ways to strengthen institutional capacity. The legislative framework governing local finance, intergovernmental transfers and budget decentralisation is given particular attention, as is the role of administrative and financial mechanisms in fostering the development of territorial communities (hromadas). It is emphasised that constrained fiscal autonomy, excessive reliance on central government transfers, and circumscribed opportunities for municipal borrowing compromise the financial sustainability of local authorities. Concurrently, evidence from EU countries demonstrates that transparent budget rules, diversification of income sources, and prudent debt management considerably enhance municipal financial resilience. The research findings reveal that the current Ukrainian model demonstrates structural weaknesses, including an undeveloped local tax base, limited investment capacity, inconsistent legal regulation of municipal borrowing, and insufficient coherence between economic and legal instruments of financial management. The study shows that addressing these issues requires comprehensive reforms to expand the fiscal autonomy of hromadas, make intergovernmental transfers more predictable, strengthen budget discipline and reinforce the rule of law in financial decision-making. The practical significance of the research lies in establishing a methodological basis for creating a balanced system of economic instruments and legal provisions to ensure the financial stability of municipalities. The findings emphasise that the financial sustainability of local self-government bodies should be considered not only in economic terms, but also as a legal guarantee of effective self-governance and democratic development.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Denys Moskal http://www.baltijapublishing.lv/index.php/issue/article/view/3156 IMPACT OF THE DEVELOPMENT OF MEDICAL TOURISM FOR THE EUROPEAN HEALTH TOURISM DESTINATIONS. GERMANY – GOOD PRACTICE 2026-01-26T13:49:21+00:00 Siyka Katsarova sisykatsarova@yahoo.co.uk Šarūnas Banevičius sarunas.banevicius@ltvk.lt <p>This article builds on existing knowledge of the European medical tourism industry and its impact on European health tourism destinations. It explores how medical tourism can be developed for customers and the European tourism industry. Firstly, the authors aim to present the important role of medical tourism for Europe as a continent with a tradition of longevity. Secondly, they aim to showcase Germany as a leading world-renowned tourism destination with an excellent international reputation in the field of medical tourism. Germany is renowned for its high healthcare standards, specialised medical professionals, and cutting-edge medical technology. Thirdly, the rising trend of patients travelling to Central and Eastern Europe, as well as the Baltic countries, for affordable treatments and procedures is further propelling the market, coupled with increased accessibility due to improved transport links and visa policies. Countries such as Hungary, the Czech Republic, Slovakia and Lithuania are emerging as popular destinations thanks to their specialisation in various medical procedures and competitive pricing. The authors' suggestions will enable countries looking to develop medical tourism or seeking new opportunities to offer year-round tourism to develop as sustainable health tourism destinations, such as Bulgaria. These countries will be able to receive know-how from the best European practices. Developing medical tourism enables destinations to retain medical specialists without changing the industry. The aforementioned tourist product is designed to promote the destination, with the intention of showcasing the quality of the medicine, the clinical and hospital infrastructure, and the medical competence of the doctors and medical specialists who provide care to patients. The phenomenon of medical tourism has been shown to exert a multifaceted influence on both social and economic domains, in addition to its impact on the image of the nation.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Siyka Katsarova, Šarūnas Banevičius http://www.baltijapublishing.lv/index.php/issue/article/view/3157 WHAT FACTORS DRIVE THE SUCCESS IN LITHUANIAN REAL ESTATE CROWDFUNDING? 2026-01-26T13:49:20+00:00 Gintarė Leckė gintare.lecke@vdu.lt Asta Gaigalienė asta.gaigaliene@vdu.lt Domantė Jakučionytė domante.jakucionyte@alumni.vdu.lt <p>The volatility of financial markets, the tightening of financing conditions during the global financial crisis, and the rapid growth of fintech technologies have led to the emergence of a new and innovative financial instrument: real estate crowdfunding. The rapid global spread and growing popularity of real estate crowdfunding among investors and project owners have generated interest in research in this area, especially regarding the success factors of such projects. However, to the best of the authors' knowledge, no previous studies have analysed the factors determining the success of real estate crowdfunding projects in Lithuania, thereby emphasising the relevance of this research. The objective of this research endeavour is twofold: firstly, to identify the factors that may influence the success of real estate crowdfunding projects, and secondly, to empirically investigate the effects of these factors in the context of Lithuania's real estate crowdfunding market. To achieve this objective, data from 812 real estate crowdfunding projects on Lithuania's largest real estate crowdfunding platform were utilised. The success of real estate projects was assessed using two variables: the time from project funding in days and the number of investors per project. In addition to these two variables, five project-related factors that may influence the success of such projects were considered. The OLS regression was employed to investigate these effects, and it was revealed that for both indicators of project success, the amount raised, LTV ratio, and project duration had statistically significant effects. It was found that the annual interest rate was a statistically insignificant determinant of real estate project success for both project success indicators. The findings of this research are of paramount importance for project owners seeking to expeditiously and efficaciously raise funding, as well as for crowdfunding platforms in the selection of prospective projects for lucrative financing and the attraction of additional investors.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2025 Gintarė Leckė, Asta Gaigalienė, Domantė Jakučionytė http://www.baltijapublishing.lv/index.php/issue/article/view/3158 TOWARDS STRONGER ACCOUNTABILITY: GOVERNANCE DIMENSIONS IN WESTERN BALKAN NGOS 2026-01-26T13:49:20+00:00 Shqipdona Hashani Siqani shqipdona.hashani@uni-pr.edu Arbana Sahiti Ramushi arbana.sahiti@uni-pr.edu <p>This study explores how the key governance dimensions of transparency, legitimacy and effectiveness influence the level and quality of accountability within non-governmental organisations (NGOs) operating across the Western Balkans. The research focuses on the internal governance mechanisms that determine how NGOs maintain ethical conduct, operational credibility and public trust in a region characterised by institutional transitions and donor dependency. By examining how these dimensions interact, the study aims to provide a deeper understanding of the governance structures that strengthen accountability and contribute to more responsible organisational performance. This study aims to identify the governance factor with the greatest impact on accountability and to explain the interrelationships among the three factors. To this end, a structured analytical framework combining quantitative and qualitative methods was employed. A variety of statistical techniques were employed in the analysis, including descriptive statistics, correlation, ANOVA, linear and logistic regression, mediation and cluster analyses. This comprehensive methodological approach enabled an in-depth examination of the direct and indirect effects between governance dimensions and accountability, ensuring empirical robustness and analytical clarity. The results confirm that legitimacy and effectiveness are the most influential determinants of accountability, while transparency has a significant, albeit mostly indirect, impact. Regression analyses indicate that higher levels of organisational effectiveness and legitimacy are strongly associated with greater accountability. Transparency enhances these dimensions and indirectly reinforces accountability. Further mediation analysis demonstrates that transparency influences accountability positively through its impact on legitimacy and effectiveness. Cluster analysis revealed different patterns of governance maturity, showing that NGOs with stronger internal governance systems consistently achieve higher accountability outcomes. In conclusion, accountability in NGOs is a multidimensional and dynamic concept influenced by interconnected governance mechanisms. Strengthening legitimacy through ethical practices, improving effectiveness through measurable results and embedding transparency as an integral management principle are all key to sustaining credibility and public trust. These findings provide valuable insights for NGO leaders, policymakers and donors who wish to improve the quality of governance and ensure that non-profit organisations in the Western Balkans are more transparent, legitimate and effective.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Shqipdona Hashani Siqani, Arbana Sahiti Ramushi http://www.baltijapublishing.lv/index.php/issue/article/view/3159 ASSESSING THE ROLE OF HONORARY CONSULS IN PROMOTING ECONOMIC DIPLOMACY 2026-01-26T13:49:20+00:00 Cătălina Bratosin Vasilache catalina.bratosinv@gmail.com <p>Despite the ongoing debate within the scientific community and the absence of consensus on their role and status, the proliferation of honorary consulates remains unabated. In fact, there has been a consistent and gradual increase in the establishment of these consulates over the past several decades. The institution of honorary consulate has been consistently regarded as a valuable asset within the architecture of foreign relations, despite not receiving the same degree of institutional recognition as the career consulate. To the present day, certain states continue to exhibit reluctance towards the establishment of this type of consulates, citing concerns related to, for instance, the loyalty to the country that appointed the honorary consuls. Moreover, although certain scientific articles emphasise their role and significance, quantitative research employing statistical and econometric methods to evaluate the impact of economic diplomacy on trade or investments frequently excludes honorary consulates from their models. Such research focuses on actors such as diplomatic missions. It is evident that there is a correlation between honorary consulates and economic and commercial activities; however, the question remains as to what extent this correlation is indeed a cause of tangible impact. The present article thus examines the evolving role of honorary consuls, with particular attention to their contribution to trade facilitation, the attraction of investments, and the promotion of national companies. These activities are encompassed within the spectrum of economic diplomacy. The present study adopts a literature review as its methodological approach, reviewing the extant literature on the topic of honorary consulates. The primary objective is to undertake a thorough examination of the extant literature pertinent to the subject, with a view to elucidating the contribution of these actors to the practice of economic diplomacy. The findings indicate that the establishment of honorary consulates is of particular benefit to small states, as it facilitates the enhancement of bilateral relations. Despite ongoing debates and reluctance to establish honorary consulates, this paper argues that the institution remains a relevant instrument of diplomacy, particularly for states with limited resources. Given the limited academic engagement with this topic, this review maps the existing research and provides a foundation for further empirical and theoretical studies into the evolving role of honorary consulates in contemporary international economic relations.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Cătălina Bratosin Vasilache http://www.baltijapublishing.lv/index.php/issue/article/view/3160 CIVIL DISOBEDIENCE AND POLICE ACTIONS AGAINST PROTESTERS DURING THE PANDEMIC – THE CASE STUDY OF GREECE 2026-01-26T13:49:20+00:00 Joanna Marszałek-Kawa joannamkawa@gmail.com Marta Banasiak banasiakmarta4@gmail.com <p>The global spread of the SARS-CoV-2 virus was announced by the World Health Organization in 2020, leading to a radical change in reality. Previous forms of social participation were significantly curtailed, and the quotidian routine was no longer able to function in its previous form. The mounting fear for health and life, rising mortality rates, and social chaos became the catalyst for countries to introduce compulsory isolation measures. This action generated strong and often extreme reactions from the population, particularly as the restrictions began to infringe upon fundamental rights, such as the right to freedom of association. This paper primarily aims to examine the actions of law enforcement agencies against protesters in Greece during the pandemic. Media reports and internal Greek regulations relating to the COVID-19 pandemic will serve as the reference point. This article aims to answer the question of whether the police response to protests during the pandemic was proportionate to the actions of demonstrators. A qualitative content analysis methodology was employed to provide a comprehensive interpretation of existing sources and draw key conclusions. This approach was adopted to analyse communications and announcements regarding the behaviour of protesters and law enforcement agencies during the study period.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Joanna Marszałek-Kawa, Marta Banasiak http://www.baltijapublishing.lv/index.php/issue/article/view/3161 MACHINE LEARNING APPROACHES TO PREDICTIVE MODELING OF LIVESTOCK DEVELOPMENT 2026-01-26T13:49:19+00:00 Marina Kravchenko Marina.kravchenko.kpi@gmail.com Ivan Fartushnyi i.fartushny@kpi.ua Anatolii Kulyk ankulyk@kneu.edu.ua <p>The subject of this research is the forecasting of the population dynamics of sheep and goats in Ukraine under wartime, economic, and climatic challenges that directly affect livestock farming and national food security. The present study is of particular pertinence, given the pivotal role that small ruminants play in ensuring the supply of meat, dairy products and wool. A decline in animal numbers may result in shortages of livestock products, deterioration of the socio-economic situation in rural areas, and a reduction in Ukraine's export capacity. The purpose of the paper is twofold: firstly, to develop short- and medium-term forecasting models for sheep and goat populations by combining classical statistical techniques with modern machine learning approaches; and secondly, to identify the strengths and weaknesses of these models across different forecasting horizons. The methodological framework utilised is founded upon statistical data of an official nature, as recorded by the Main Department of Statistics in the Odesa region for the period 2007–2025. Four approaches were employed: the SARIMAX statistical model; the additive Prophet model; and LSTM neural networks, which were implemented using PyTorch and Keras. Forecast performance was evaluated using the RMSE, MAE, MAPE and MASE metrics, enabling a comprehensive comparison of the models. The results confirm that the sheep and goat population in Ukraine has been in persistent decline, with sharper falls observed since the start of the full-scale war. The Keras-based LSTM model proved to be the most accurate for short-term forecasts (12 months), while the PyTorch-based LSTM model demonstrated the greatest stability for medium-term predictions (24 months). The SARIMAX and Prophet models achieved moderate accuracy but struggled to reproduce peaks and troughs in the time series. The study's scientific novelty lies in its integration of statistical and neural network forecasting approaches, while explicitly accounting for wartime disruptions and crisis-related factors. This makes the research one of the first attempts to adapt hybrid forecasting models to the Ukrainian livestock sector in wartime. The practical value lies in the ability to use the developed models at both the micro and macro levels. Individual farms can use them to optimise production and resource planning, while policymakers can use the forecasts to design effective state support programmes, strengthen food security strategies and ensure the sustainable recovery of the agricultural sector.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Marina Kravchenko, Ivan Fartushnyi, Anatolii Kulyk http://www.baltijapublishing.lv/index.php/issue/article/view/3162 FINANCING AND FACILITATING TERRORISM AS A CAUSE OF ECONOMIC, POLITICAL AND SOCIAL PROBLEMS IN THE STATE 2026-01-26T13:49:19+00:00 Iulia Abakumova julia_v_abakumova@ukr.net Iuliana Kozachenko kyup75@ukr.net Taisiia Oharenko tayaogarenko333@gmail.com <p>The purpose of the paper is to examine the financing and other facilitation of terrorism as a cause of economic, political and social problems in the state and the problems of countering them. Results. The research is based on an analysis of the regulatory framework for defining terrorism and liability for financing terrorism and other forms of facilitating such socially dangerous illegal activities in Ukraine and in accordance with the provisions of international law. The concept and characteristics of terrorism and its financing are described. The problems of countering terrorist financing and the peculiarities of defining the concept of 'terrorism' are examined, as are the signs of terrorist financing. In particular, one of the main objective signs of this criminal offence, the subject matter, is analysed in detail. The argument is put forward that the subject matter of the offence in question should be material assets, including both movable and immovable property (such as cash, cryptocurrency and property rights), while actions of a property nature should be considered to constitute an accessory to the relevant terrorist offence. The problems of financial monitoring as one of the areas of countering terrorist financing are being studied. Value/Originality. Financing terrorism is one of the terrorist offences for which liability is provided for by Ukrainian law. A detailed description of the characteristics of this illegal activity can help to increase the effectiveness of countering it and terrorism in general. The article proves that awareness and accurate identification of the subject of terrorist financing are key prerequisites for effectively countering this threat. Law enforcement agencies and financial institutions can only create effective mechanisms for detecting, monitoring and blocking suspicious flows if they have clear information about the specific resources used to support terrorist networks.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Iulia Abakumova, Iuliana Kozachenko, Taisiia Oharenko http://www.baltijapublishing.lv/index.php/issue/article/view/3163 THE ROLE OF INSTITUTIONS IN DETERMINING MILITARY EXPENDITURE: EVIDENCE FROM EASTERN EUROPE 2026-01-26T13:49:19+00:00 Andrii Zavazhenko zavazhenko96@knu.ua Olga Demydiuk o.o.demydiuk@gmail.com Viktoriia Kulish kulish_v@knu.ua <p>The purpose of the present paper is to analyse the impact of institutional factors on the level of military expenditure of post-socialist countries of Eastern Europe. The dramatic shift in the European security architecture has compelled these nations to substantially increase their defence budgets. Whilst the extant academic literature thoroughly covers traditional determinants such as external threats and economic development, the specific role of the institutional environment is often addressed in simplistic terms. The present study aims to investigate the causal relationship between institutional determinants and the share of national income allocated to defence, thus filling a significant gap in the existing literature. Methodology. The analysis is based on a quantitative assessment of a panel dataset covering 19 post-socialist countries from 2002 to 2023. To account for unobserved country-specific characteristics and common time shocks, a two-way fixed effects model was employed. To ensure valid and robust statistical inference, the estimations utilise Driscoll–Kraay standard errors. The results of the study showed that different aspects of the institutional environment have opposing effects on defence spending. The study demonstrated a statistically significant positive correlation between controlling corruption and military expenditure. This finding lends weight to the hypothesis that less corrupt states have stronger fiscal capabilities, enabling them to mobilise resources effectively and fund core state functions, including national security. Conversely, the study identified a statistically significant negative correlation between the strength of the rule of law and defence spending. This finding supports the hypothesis that robust legal institutions with inherent checks and balances, as well as greater public oversight, act as a restraint on executive power. This limits the growth of defence budgets in favour of other public priorities. Furthermore, the model confirmed that countries with larger populations tend to allocate a smaller proportion of their GDP to defence. Practical implications. The findings suggest that, since different institutional changes produce opposing outcomes, policymakers should adopt a more considered approach. For example, policies aimed at reducing corruption may increase a state’s fiscal capacity to fund defence, whereas strengthening the rule of law may introduce accountability mechanisms that limit such spending. Value / Originality. The research aims to provide a detailed analysis of the institutional determinants of defence expenditure, offering robust empirical evidence of the dual and contradictory roles played by different institutions in this area.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Andrii Zavazhenko, Olga Demydiuk, Viktoriia Kulish http://www.baltijapublishing.lv/index.php/issue/article/view/3164 DIRECTIONS OF TRANSFORMATION OF THE MANAGEMENT SYSTEM OF ECONOMIC SECURITY OF THE AGRICULTURAL SECTOR IN THE SYSTEM OF SUSTAINABLE DEVELOPMENT 2026-01-26T13:49:18+00:00 Olha Shulha shulga_olga_a@ukr.net <p>This article was prepared as part of the Verkhovna Rada of Ukraine's scholarship programme. It focuses on the study of the transformation of management systems for economic security in the agricultural sector in the context of sustainable development. The study is relevant due to modern challenges, particularly geopolitical threats and economic instability, as well as the need to integrate innovations and risk management in Ukrainian agriculture. It has been determined that sustainable development in the agricultural sector is only possible through the implementation of adaptive management systems that consider financial, technological, social and risk aspects of economic security. This study aims to develop and substantiate a conceptual model for transforming the management system for economic security in the agrarian sector. This model takes into account the principles of sustainable development and provides dynamic monitoring, effective risk management, financial stability, and the industry's innovative development. Such a model should focus on increasing the agrarian sector's flexibility, efficiency and stability in the face of internal and external challenges. This study employed a thorough methodological approach that included a theoretical analysis of scientific sources, the construction of a structural-logical model, the development of a system of indicators to assess management effectiveness, a comparative analysis of the best global practices and expert consultations, as well as a SWOT analysis. The study focuses on the theoretical, methodological and applied aspects of forming, developing and improving the economic security management system for the agricultural sector. This system includes the mechanisms, approaches, tools and methods that increase the efficiency of risk management and the financial stability and innovative activities of agricultural enterprises. The study's novelty lies in its comprehensive, integrated approach to transforming the economic security management system in the agricultural sector, taking into account the peculiarities of Ukraine's modern economic, geopolitical and social environment. For the first time, a two-level management model has been proposed which includes subsystems for identifying dangerous situations and implementing strategies to eliminate threats. This ensures a systematic and targeted response to various challenges. A more comprehensive and accurate assessment of the state of economic security and the effectiveness of its management is now possible thanks to an expanded system of complex indicators. For the first time, the integration of innovative technologies and human resources into the security management system is recognised as a key factor in increasing the competitiveness of the agricultural sector. Furthermore, the features of the market and geopolitical environment, which are inherently unstable, have been taken into account. This necessitates the need for flexible adaptive mechanisms for risk management and financial stability. The proposed model incorporates not only the stability of financial indicators, but also the assessment of the effectiveness of technological innovations and social factors. This provides a more comprehensive and adaptive approach to risk management. The implementation of a monitoring system and flexible strategic management enables the agricultural sector to respond in a timely manner to internal and external challenges, increase competitiveness and ensure the country's food security.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Olha Shulha http://www.baltijapublishing.lv/index.php/issue/article/view/3165 THE ECONOMIC FUNCTION OF CIVIL JUSTICE: THE RELATIONSHIP BETWEEN CIVIL LAW, CIVIL PROCESS, AND MARKET EFFICIENCY 2026-01-26T13:49:18+00:00 Nelli Golubeva Golubevanelli@gmail.com Iryna Davydova divoira@gmail.com Volodymyr Zubar zubar324@gmail.com <p>The efficacy of civil justice is predicated on its role as the cornerstone of a market economy, yet it must be noted that it does not proffer a tangible mechanism for the protection of violated rights. Furthermore, it fosters the stability of economic circulation and establishes the prerequisites for predictable entrepreneurial activity. The accessibility and effectiveness of justice have been demonstrated to have a significant impact on the ability of businesses and citizens to realise their economic interests, attract capital, conclude contracts and develop innovations. Conversely, the inefficiency of the judicial system, the delay in proceedings, the inconsistency of decisions, and high procedural costs generate economic risks, market costs and increased economic growth, which leads to a decrease in investment attractiveness, an increase in conditions for entrepreneurship and an increase in the level of shadow economy. In contemporary conditions, especially for countries undergoing structural reforms or in the process of recovery, enhancing the efficiency of civil justice has become a strategic component of economic policy. This comprehensive study of the economic function of civil justice is necessary for the decision-making process aimed at modernising the judicial system, strengthening public trust and ensuring sustainable market development. The research methodology under scrutiny comprises a range of methods, including the comparative law method, the method of economic and legal analysis, the method of analysis, the empirical method and the inductive-deductive method. The article is devoted to the study of the economic function of civil justice and the analysis of the relationship between civil law, civil process and the efficiency of the market economy. The importance of a high-quality system for resolving private law disputes as an institutional basis for the development of entrepreneurship, the attraction of investments, the stability of the financial sector and the reduction of transaction costs is demonstrated. The findings of this study substantiate the hypothesis that predictability and solvency of court decisions, proper protection of property rights and effective fulfilment of obligations ensure the formation of confidence in economic growth. In this paper, it is proposed that civil justice should be considered a key element of market infrastructure, insofar as it determines the balance between private autonomy and state regulation.</p> 2026-01-26T00:00:00+00:00 Copyright (c) 2026 Nelli Golubeva, Iryna Davydova, Volodymyr Zubar http://www.baltijapublishing.lv/index.php/issue/article/view/3224 FEATURES OF ENSURING THE STABILITY OF PUBLIC FINANCES DURING THE WAR 2026-02-17T14:37:25+00:00 Serhii Petrukha psv03051984@gmail.com Dmytro Konovalenko konovalenko270291@gmail.com Nina Petrukha nninna1983@gmail.com <p>The purpose of the article is to identify, systematise and typologise the tools and macroeconomic challenges to the sustainability of public finances in the context of the current struggle for Ukraine's independence (the Russian-Ukrainian war) and the European integration orientation of the ontogenesis of the system for managing them. Methodology. The methodology is based on a multi-approach that combines empirical data on the structural and qualitative parameters of the functioning of the public finance system, econometric modelling of its parameters, and a "heat matrix" for visualising and developing practical recommendations for ensuring the sustainability of public finances during the Russian-Ukrainian war. Results. Empirical research has shown that defence spending has the greatest impact on the structure of state budget expenditure, with each increase of 1 billion UAH leading to an increase in total expenditure of 1.32 billion UAH (β₃ = 1,3178, p = 0,005). A comprehensive correlation analysis of macrofinancial indicators confirmed the high dependence of tax revenues on the macroeconomic context (r ≈ 0.99) and an inverse correlation between defence spending and the budget balance (r ≈ -0.61), which demonstrates the mechanism of deficit formation in conditions of armed conflict. Based on forecast models, it has been established that the budget deficit could be reduced from 20.4% of GDP in 2024 to 4.5% in 2027, provided that international financial support for Ukraine's sovereignty and its European integration aspirations remains united. Practical significance of the study. The developed integrated model for assessing the sustainability of public finances provides public authorities with scientifically sound recommendations on optimising the allocation of fiscal resources and attracting domestic and external sources of financing in extreme conditions marked by armed conflict. The set of macro-financial indicators and approaches to monitoring fiscal risks proposed in the study serves as a practical tool for the rapid assessment of critical changes in public finances and the timely adjustment of budgetary and tax policies, taking into account the triggers identified in sectoral documents that determine the architecture of the public finance management system. The scientific novelty of the study lies in the construction of a comprehensive model for assessing the sustainability of public finances, adapted to the extreme conditions of armed conflict, which synthesises econometric modelling with multifaceted correlation analysis. A key innovation is the establishment of the fact that fiscal sustainability depends not only on orthodox debt and deficit indicators, but also on systemic interaction, expressed through the transmission mechanism of the tax base, the volume of external financing and the structure of budget expenditures. This corresponds to the conditions of the new normal in public finance and is in line with Ukrainian academic discourse on assessing the sustainability of public finances, taking into account the needs of early post-war recovery.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Serhii Petrukha, Dmytro Konovalenko, Nina Petrukha http://www.baltijapublishing.lv/index.php/issue/article/view/3225 ARTIFICIAL INTELLIGENCE AS A TOOL FOR APPLYING EVALUATIVE CONCEPTS IN CRIMINAL PROCEEDINGS: LEGAL AND ECONOMIC ASPECTS 2026-02-17T14:37:23+00:00 Roman Barannik 0667202628roman@gmail.com Olha Balatska olha.balatska@oa.edu.ua Oleh Holovko jankovska@baltijapublishing.lv <p>The rapid integration of artificial intelligence into legal practice raises fundamental questions about its compatibility with criminal justice, a field that has traditionally been based on human judgment and discretion. This relevance becomes particularly acute with regard to evaluative concepts, which are indispensable for context-sensitive decision-making but at the same time create risks of inconsistency and unpredictability. Against this backdrop, this article aims to assess whether artificial intelligence can function as an auxiliary tool for the application of evaluative concepts in criminal proceedings and whether such use is legally and economically justified. The object of the study is the application of evaluative concepts in criminal justice, and the subject is the economic and legal consequences of applying artificial intelligence to evaluative concepts. The study is based on doctrinal legal analysis, comparative legal reasoning, and the methodology of law and economics as a theoretical and methodological basis. By synthesising legal theory and economic analysis, the article considers artificial intelligence as a normative problem and as a tool for optimising economic efficiency. The article demonstrates that artificial intelligence can enhance analytical capabilities in criminal proceedings by systematising large volumes of case law, identifying patterns in the application of evaluative concepts, and highlighting deviations from established trends in decision-making. As a result, artificial intelligence can contribute to greater consistency and predictability in judicial practice. At the same time, the study reveals structural limitations of algorithmic approaches, in particular reduced sensitivity to unique contextual factors, difficulties in providing normative justification, and the risk of reinforcing existing interpretative patterns. From an economic perspective, the analysis shows that artificial intelligence has the potential to reduce transaction costs, optimise the allocation of judicial resources and speed up procedural decision-making, provided that its use remains auxiliary rather than substitutive. The practical value of the study lies in substantiating a balanced model for integrating artificial intelligence into criminal justice, in which algorithmic tools serve as analytical aids, while final decisions remain under human control, ensuring both efficiency and compliance with fundamental legal guarantees.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Roman Barannik, Olha Balatska, Oleh Holovko http://www.baltijapublishing.lv/index.php/issue/article/view/3226 FINANCIAL ARCHITECTURE OF THE ECTHR DECISION EXECUTION SYSTEM: BRITISH EXPERIENCE FOR UKRAINE 2026-02-17T14:37:22+00:00 Daria Minchenko d.minchenko@onua.edu.ua Nana Bakaianova nana.bakayanova@onua.edu.ua Tamara Latkovska tamaralatkovska@gmail.com <p>The subject of the study is the financial architecture of executing judgments of the European Court of Human Rights (ECtHR) as a component of the rule-of-law system and fiscal governance. The paper examines how budget planning, payment procedures, institutional responsibility, and the financing of general measures interact in ensuring timely payment of just satisfaction and effective prevention of repetitive violations. Special attention is paid to the comparative value of the United Kingdom’s execution model for Ukraine, given Ukraine’s centralised payment track, treasury constraints, and wartime fiscal pressure. Methodology. The research is based on a combination of comparative-legal, systemic, and institutional approaches. It integrates analysis of Article 46 of the European Convention on Human Rights and the Committee of Ministers’ supervision framework with an assessment of the UK’s domestic execution and accountability arrangements (government reporting, parliamentary scrutiny, and public finance management rules) and Ukraine’s statutory execution model and budget-program architecture. This methodological design enables the identification of institutional and financial “break points” that affect payment timeliness and the capacity of general measures execution. The aim of the work is to substantiate the concept of financial architecture for the execution of ECtHR judgments and to define realistic directions for improving the Ukrainian model based on the UK experience, taking into account Ukraine’s budget system, treasury procedures, and institutional capacity. The results of the study show that execution of ECtHR judgments should be treated not only as a legal obligation but also as a fiscal-management cycle that links (1) predictable budgeting and forecasting, (2) operational payment capacity, (3) accountability and reporting, and (4) stable financing of general measures as the main tool for reducing repetitiveness. The UK model tends toward departmental ownership of execution combined with central coordination and parliamentary scrutiny, which strengthens incentives to internalise the cost of non-compliance and to embed general measures into sectoral spending programs. By contrast, Ukraine’s centralised payment mechanism ensures solvency but weakens the linkage between the violating authority and fiscal consequences, while general measures are often fragmented across sector budgets without a unified planning-and-financing track. The paper proposes a prevention-capable reform package for Ukraine based on a mixed architecture: a consolidated budget framework for payments (program or fund) complemented by mandatory co-financing rules for general measures within the budgets of responsible authorities; a treasury timeline standard (SLA) for payments; regular parliamentary reporting and performance audit; a digital execution register aligned with the supervision cycle; and KPI-based management focused on payment timeliness, closure rates, repetitiveness dynamics, and the measurable cost of non-compliance. Conclusion. A sustainable execution system requires shifting from a predominantly payment-centred approach toward an integrated financial architecture that finances prevention through general measures and aligns money, responsibility, and supervision in one accountable cycle. For Ukraine, the most feasible path is not copying UK institutional forms but reproducing their functional logic: guaranteed payment capacity combined with budget-backed responsibility for structural remedies, strengthened oversight, and performance-oriented transparency that reduces repetitive violations and long-term fiscal risk.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Daria Minchenko, Nana Bakaianova, Tamara Latkovska http://www.baltijapublishing.lv/index.php/issue/article/view/3227 INNOVATIVE LOGISTICS AND SUPPLY CHAIN STRATEGIES UNDER GLOBAL MARKET CHALLENGES: EFFECTS, RISKS, AND COMPETITIVENESS OF THE MARITIME TRANSPORT SECTOR 2026-02-17T14:37:20+00:00 Larysa Krysyuk krysyuklarisa@gmail.com Liudmyla Kushnir milakyshnir@gmail.com Yuliia Kurudzhy yulia.kurudzhi@ukr.net <p>The subject of the study is the conceptual, theoretical and applied principles of forming innovative strategies of logistics and supply chains in the maritime transport sector in the context of global market challenges. The article considers innovations as a key factor in ensuring the competitiveness of maritime transport, as well as a source of new risks that require systematic strategic management. It is proven that in the context of geopolitical instability, climate change, fragmentation of world trade and military operations in Ukraine, innovative logistics strategies are of critical importance not only for the efficiency of the maritime transport sector, but also for the stability of the national economy and its integration into global value chains. Methodology. The study used a set of general scientific and special methods: analysis and synthesis – to reveal the essence of innovative logistics and supply chain management strategies; induction and deduction – to identify patterns in the formation of competitiveness of the maritime transport sector; monographic method – to systematize modern scientific approaches and concepts. SWOT analysis was used to assess the opportunities and limitations of the development of maritime transport clusters, and its transformation into a matrix of strategic actions taking into account military risks in Ukraine was carried out. The purpose of the article is to substantiate theoretical and practical approaches to the formation of innovative logistics and supply chain strategies in the maritime transport sector in the face of global challenges and increased risks. Results. The article establishes that the competitiveness of the maritime transport sector in modern conditions is formed at the intersection of digital innovations, supply chain sustainability, environmental responsibility and institutional capacity. It is substantiated that the implementation of Logistics 4.0 technologies, smart ports, digital cargo flow management platforms and big data analytics is a necessary condition for the adaptation of maritime logistics to global uncertainty. It is proven that maritime transport clusters are an effective tool for increasing competitiveness and minimizing risks through coordination of participants, resource synergy and collective risk management. The proposed matrix of strategic actions demonstrates the possibility of transforming external threats, in particular military ones, into manageable parameters of strategic development. Particular attention is paid to the Ukrainian context, where military actions, shipping restrictions and infrastructure losses significantly reduce the country's logistics potential. It is proven that the development of maritime transport clusters, combined with route diversification, European integration and the use of "green" and digital financing, can become the basis for increasing the resilience and post-war recovery of the maritime transport sector of Ukraine.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Larysa Krysyuk, Liudmyla Kushnir, Yuliia Kurudzhy http://www.baltijapublishing.lv/index.php/issue/article/view/3228 INNOVATION ECONOMY MANAGEMENT: EUROPEAN EXPERIENCE AND WAYS OF IMPLEMENTATION IN UKRAINE 2026-02-17T14:37:18+00:00 Liudmila Kornuta kornuta02@gmail.com Hanna Sarybaieva annsar44@gmail.com Nataliia Shevchenko n.shevchenko@nubip.edu.ua <p>The subject of the study is the governance architecture for managing an innovative economy in the European Union and the practical design of an implementation model for Ukraine under conditions of recovery and European integration. The paper examines how institutional design, regulatory frameworks, financial instruments, and coordination mechanisms interact in shaping innovation outcomes, and why innovation policy should be treated as a managed public-policy cycle rather than a set of isolated initiatives. Special attention is paid to the role of public administration and civil servants as carriers of delivery capacity, to analytics as decision infrastructure in the policy cycle, and to the embeddedness of innovation governance in international relations through standards, programme participation, and technology cooperation. The paper also addresses diplomacy and mediation as governance practices for aligning interests within complex innovation ecosystems and for maintaining legitimacy under heightened integrity requirements. Methodology. The research is based on a combination of systemic, comparative, and institutional approaches. It integrates analysis of leading innovation-policy models (national innovation systems, Triple Helix, mission-oriented policy, and open innovation) with an examination of EU multi-level governance logic and its delivery instruments, including programme cycles, portfolio financing, innovation procurement, competition and state-aid discipline, and evidence-based monitoring. This methodological design enables identification of institutional interface risks that typically arise between strategy and implementation, as well as assessment of Ukraine’s baseline constraints linked to fragmentation of competences, capacity limitations, wartime pressures, and regional heterogeneity. The aim of the work is to substantiate a coherent model of innovation governance for Ukraine that is compatible with European approaches and capable of operating under recovery-scale funding, while ensuring controllability, transparency, competition for resources, partnership, and accountability for results. The results of the study show that EU innovation governance functions as a portfolio-based management system in which priorities are operationalized through repeatable programmes, predictable funding windows, standardized procedures, and measurable performance signals. The effectiveness of this model is driven by delivery capacity within public administration, disciplined instrument design across the full innovation lifecycle, and analytics-based monitoring that supports policy correction. For Ukraine, the key challenge is the gap between strategic planning and administrable delivery, reinforced by overlaps of mandates and unowned zones at lifecycle transition points. The paper proposes a Target Operating Model built on functional separation between a policy owner responsible for portfolio coherence and specialized delivery agencies responsible for execution; a standing inter-ministerial synchronization mechanism to align innovation tools with procurement, skills, competition constraints, digital transformation, and recovery investments; and a regional contour grounded in smart specialization logic to generate pipelines and provide adoption environments. The proposed roadmap emphasizes innovation procurement as a demand-side scaling lever, standardized stage-gate progression for financing instruments, professionalization of civil-service competencies, data-driven management routines, and a compact KPI framework linking inputs, outputs, and outcomes with public reporting and effectiveness audit. Conclusion. Sustainable innovation governance requires shifting from declarative strategies and fragmented initiatives toward an integrated operating model that aligns institutional responsibility, procedures, data, and performance accountability in one coherent cycle. For Ukraine, the most feasible path is not replicating EU institutional forms, but reproducing their functional logic: predictable programme cycles, administrable instruments across the innovation chain, procurement-enabled demand creation, disciplined integrity safeguards, and analytics-based monitoring that enables continuous adjustment and strengthens trust in resource allocation during recovery and integration.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Liudmila Kornuta, Hanna Sarybaieva, Nataliia Shevchenko http://www.baltijapublishing.lv/index.php/issue/article/view/3229 CONSTITUTIONAL GUARANTEES FOR THE PROTECTION OF HUMAN RIGHTS AND FREEDOMS IN UKRAINE: ECONOMIC AND LEGAL ASPECT 2026-02-17T14:37:17+00:00 Oleg Dubynskyy dubinskiy_oleg@ukr.net Ihor Dubynskyi igordubinskiy21@gmail.com Olha Nabokova advokatnabokova@ukr.net <p>The subject of the study is the constitutional guarantees of human rights and freedoms in Ukraine viewed through an economic and legal lens, with a focus on how normative standards, institutions, procedures, and public finance jointly determine the real level of rights protection under ordinary conditions, martial law, and recovery. The paper examines why constitutional guarantees should be treated as an operating governance system that shapes predictability of state behaviour, integrity of regulatory decision-making, investment and labour incentives, and the sustainability of social protection, rather than as a declarative catalogue of rights. Special attention is paid to the role of constitutional review and judicial control in constraining administrative discretion, to due process as an economic safeguard against arbitrariness, and to budget and tax governance as a resource infrastructure enabling positive obligations. The paper also addresses the impact of European human-rights standards, including the Convention system and ECtHR case-law, on proportionality, non-discrimination, protection of property, and effective remedies, particularly in crisis regulation and in contexts where temporary measures tend to become permanent. Methodology. The research is based on a combination of formal-legal, systemic, comparative-legal, and institutional approaches. It integrates doctrinal analysis of constitutional provisions and related legislation with an examination of European standards (rule of law, proportionality, fair balance, and non-discrimination) and a review of judicial practice relevant to economic rights, property interference, and access to justice. Policy analysis is applied to clarify how constitutional requirements are translated into administrative procedures, regulatory instruments, and budget programs, and to identify interface risks that typically arise between constitutional standards and implementation capacity during resource scarcity and wartime governance. The aim of the work is to substantiate an analytically coherent model of constitutional guarantees for Ukraine that explains their economic significance, identifies vulnerabilities in the strategy–delivery chain of rights protection, and formulates practical proposals for strengthening controllability, transparency, and accountability of state interference while preserving the enforceability of social rights under fiscal constraints. The results of the study show that that the effectiveness of constitutional guarantees depends less on the density of constitutional declarations and more on the coherence of four interconnected layers: normative limits on interference, institutional checks (constitutional jurisdiction, ordinary courts, ombudsman and integrity bodies), procedural discipline (reasoned decisions, the right to be heard, access to information, and reviewability), and financial governance (budget transparency, prioritization rules, and enforceable compensation mechanisms). The paper demonstrates that due process reduces transaction costs and arbitrariness risks in economically significant decisions, while judicial control operationalizes proportionality and fair-balance tests in concrete disputes. For Ukraine, the critical governance risk is the normalization of emergency practices: under martial law, expanded regulatory tools and accelerated decision-making can weaken legal certainty unless supported by time-bounded measures, public criteria, periodic review, and effective remedies. The study proposes a strengthening roadmap centred on standardizing decision-making procedures for high-impact administrative acts, embedding proportionality and evidence standards in regulatory templates, reinforcing access to justice and enforcement capacity, institutionalizing budget openness for rights-related programs, and ensuring practicable compensation for unlawful interference and emergency-related property measures. Conclusion. Sustainable constitutional guarantees require shifting from formal recognition of rights toward a managed, auditable governance cycle in which legal standards, institutions, procedures, and public finance operate as a single system of constraints and remedies. For Ukraine, the most feasible path is not expanding declarations, but reproducing functional safeguards: predictable and reviewable procedures, integrity-by-design controls, stable proportionality tests in adjudication, and budget transparency that makes social rights administrable during war and recovery, thereby strengthening trust and reducing economic uncertainty associated with state intervention.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Oleg Dubynskyy, Ihor Dubynskyi, Olha Nabokova http://www.baltijapublishing.lv/index.php/issue/article/view/3230 BENEFITS AND CHALLENGES FOR YOUTH INVOLVEMENT IN VOLUNTARY ACTIVITIES: A COMPARATIVE STUDY OF LATVIA AND LITHUANIA 2026-02-17T14:37:15+00:00 Jurgita Paužuolienė j.pauzuoliene@kvk.lt Ilvija Pikturnaitė i.pikturnaite@kvk.lt Julija Mironova julija.mironova@isma.lv <p>This study aims to investigate young people's attitudes towards volunteering, examining the reasons that discourage them from volunteering, and the benefits they perceive or receive from engaging in such activities. The problematic question: what are the key reasons, benefits, and challenges for young people to engage in volunteering? The study uses a quantitative research approach, using a structured questionnaire to collect data from respondents in Lithuania and Latvia. The survey focuses on young people aged 18-29, often considered a key group for promoting civic engagement and social responsibility. 250 respondents from Lithuania and 252 from Latvia participated in this survey. The analysis revealed that young people perceive various benefits of voluntary activities. The most prominent benefit is the professional advantage that youth gain through volunteering. Young people in our study are more likely to engage in volunteering if it offers financial rewards, professional skills development or visible impact. Professional benefits are a higher priority for Lithuanian young people than for Latvian young people. About half of the respondents had volunteered in the past. However, only a small proportion currently volunteer. The results show that young people in Lithuania and Latvia are less likely to volunteer. Youth volunteering is mostly limited to one-off initiatives rather than ongoing commitments. The main challenges to volunteering are lack of time, limited information and lack of financial incentives. These challenges are particularly pronounced among Lithuanian respondents. This study is a new contribution that provides a comparative cross-border analysis of young people's participation in volunteering. While existing studies focus on youth volunteering, this study provides important insights into young people's attitudes towards volunteering, revealing the barriers and incentives that influence their participation. The findings contribute to the academic discourse on civic engagement, social responsibility and youth development, while informing volunteering initiatives. By understanding the specific reasons why young people are reluctant to volunteer, stakeholders can develop more effective strategies to attract volunteers, address barriers to participation and strengthen incentives. To increase participation in volunteering, strategies such as paid volunteering opportunities, integration into academic curricula and targeted information campaigns should be explored. In addition, fostering a culture of civic participation through education and policy initiatives can encourage a long-term commitment to volunteering.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Jurgita Paužuolienė, Ilvija Pikturnaitė, Julija Mironova http://www.baltijapublishing.lv/index.php/issue/article/view/3231 JUDICIAL PROTECTION IN PUBLIC PROCUREMENT DISPUTES AS A FACTOR OF ECONOMIC SECURITY 2026-02-17T14:37:14+00:00 Sergii Markin advokat_markin@ukr.net Oleksandr Bondar bondar.znu@gmail.com Ivan Yovenko yovenko.i.i@gmail.com <p>The article examines judicial protection in disputes regarding public procurement as a tool for ensuring the economic security of the state. It is substantiated that public procurement, being one of the largest channels for distributing budget funds, belongs to the areas of increased corruption risks, and therefore requires effective control and appeal mechanisms. It is shown that the national model of protecting the rights of procurement participants combines extrajudicial (administrative) appeal in the Antimonopoly Committee of Ukraine and judicial control as the final guarantee of legality. The quasi-judicial nature of the procedures for considering complaints by the appeal body and their practical effectiveness due to integration with the electronic system "Prozorro" are highlighted, in particular through the automatic suspension of procurement actions during the consideration of the complaint. At the same time, the emphasis is placed on the limited integration of judicial control with the electronic procurement infrastructure, which complicates the execution of decisions to secure the claim and sometimes leads to the formal nature of judicial protection. A comparative analysis of appeal mechanisms in Ukraine and EU countries (in particular, on the example of Poland) was conducted, which confirmed the compliance of the Ukrainian model with European approaches according to the general architecture of “quasi-judicial body – court”, but at the same time revealed a significantly higher intensity of appeals to the appeal body in Ukraine and differences in the rates of satisfaction of complaints. It was concluded that judicial protection in the field of public procurement performs a preventive and restorative function: it deters abuse, creates legal certainty, supports competition and business confidence, and also promotes the rational use of public finances. It is proposed to direct further improvement of the system to increasing the efficiency of the execution of court decisions and strengthening the procedural and technical interaction of courts with the electronic procurement system.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Sergii Markin, Oleksandr Bondar, Ivan Yovenko http://www.baltijapublishing.lv/index.php/issue/article/view/3232 STRATEGIC DIGITAL MARKETING MANAGEMENT AS A DRIVER OF ENTERPRISE COMPETITIVENESS AND PERFORMANCE IN TURBULENT ECONOMIC ENVIRONMENTS 2026-02-17T14:37:12+00:00 Hanna Zhosan zhosan_g@ksaeu.kherson.ua Yurii Kyrylov kyrylov_y@ksaeu.kherson.ua Oleksandr Averchev averchev_o@ksaeu.kherson.ua <p>The purpose of this study is to substantiate strategic digital marketing management as a key driver of enterprise competitiveness and performance in turbulent economic environments. The paper aims to demonstrate that digital marketing should be interpreted not as a set of isolated promotional tools, but as an integrated managerial system that ensures enterprise adaptability, resilience, and sustainable financial growth. The research is based on an anonymized case study of a Ukrainian small-to-medium enterprise (Company A) operating under conditions of economic instability and ongoing digital transformation. The methodology combines qualitative analysis of organizational and managerial processes with quantitative economic evaluation. Financial efficiency is assessed using investment-based indicators, including total investment costs, additional profit, cumulative economic effect, return on investment (ROI), and payback period. A comparative scenario approach is applied to contrast baseline enterprise development with the scenario of strategic digital marketing implementation. The results show that the initial level of digital marketing maturity at Company A is characterized by fragmented use of digital tools and the absence of an integrated digital strategy, which limits market visibility, customer engagement, and performance. The implementation of a comprehensive digital marketing framework, including the introduction of a digital marketing manager position, development of a corporate website and structured social media presence, CRM system implementation, and deployment of SEO and online advertising, leads to a significant improvement in financial and competitive indicators. The calculated ROI reaches 56%, while the cumulative economic effect becomes positive in 2027, indicating a medium-term payback period. These findings confirm that strategic digital marketing management functions as an investment project with delayed but stable economic returns. The study concludes that strategic digital marketing management significantly enhances enterprise competitiveness, strengthens customer engagement, improves the efficiency of marketing expenditures, and increases financial sustainability in turbulent economic environments. Digital marketing should therefore be considered a core strategic mechanism of enterprise management rather than a tactical communication instrument. The results provide both theoretical and practical justification for integrating digital marketing into the overall strategic management system of enterprises.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Hanna Zhosan, Yurii Kyrylov, Oleksandr Averchev http://www.baltijapublishing.lv/index.php/issue/article/view/3233 ECONOMIC AND LEGAL ASPECTS OF SOCIAL PARTNERSHIP AND FAMILY POLICY: BALANCE OF PRIVATE AND PUBLIC INTERESTS 2026-02-17T14:37:11+00:00 Oksana Ponomarenko o.ponomarenko@hnpu.edu.ua Olena Kovalenko kovalenko.olena@hnpu.edu.ua Tetiana Holovan t.golovan@hnpu.edu.ua <p>In times of war and socio-economic instability, effective social partnerships and family policies become particularly important. The loss of human potential, significant demographic challenges, and the need to integrate internally displaced persons all require comprehensive, private- and public-interest-based solutions. Social partnership is a vital mechanism for coordinating the efforts of the state, businesses and civil society in supporting families, who are fundamental to national stability. The economic aspect of social partnership is manifested through the financing of family support programmes, the attraction of international resources, and the optimisation of budget funds. Conversely, legal regulation is instrumental in ensuring transparency, accountability, and compliance with European standards, which is a prerequisite for the successful European integration of Ukraine. In view of the above, the relevance of the study lies in the strategic importance of combining economic and legal approaches to preserve demographic potential and ensure sustainable development of the country. The objective of the present study is to provide substantiated insights into the economic and legal dimensions of social partnership and family policy, with a particular focus on establishing an effective balance between private and public interests. This is intended to enhance demographic potential and promote sustainable economic development. The research methodology employed encompasses a range of approaches, including systemic, comparative legal, economic, statistical and economic modelling methods. The study concluded that a combination of economic and legal approaches in the field of social partnership and family policy is crucial for preserving demographic potential and ensuring sustainable development of Ukraine. The Strategy for Ensuring the Right of Every Child to Grow Up in a Family Environment (2024–2028) and the new Law of Ukraine "On Public-Private Partnership" (2025) indicate the formation of a modern state policy focused on the partnership of the state, business and civil society. The scientific works of domestic and foreign researchers confirm that public-private partnerships are an effective mechanism for attracting investment and balancing private and public interests in the social sphere. This is particularly evident in terms of supporting families and developing infrastructure. International experience shows that the effectiveness of such models hinges on transparent legal regulation, the fair distribution of risks, and economic incentives for all participants. Ukrainian scientists emphasise the need to balance economic efficiency with social justice, particularly in the context of demographic challenges, migration processes, and supporting internally displaced persons. In a European context, social partnership and public-private mechanisms are considered essential for a country's post-war recovery, poverty reduction and integration into a single socio-economic space. The findings substantiate the hypothesis that the strategic amalgamation of economic and legal principles in this domain serves as a foundation for enhancing social stability, elevating the quality of life for the population, and operationalising Ukraine's European trajectory.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Oksana Ponomarenko, Olena Kovalenko, Tetiana Holovan http://www.baltijapublishing.lv/index.php/issue/article/view/3234 STATE AND LAW IN THE CONTEXT OF ECONOMIC TRANSFORMATION: CHALLENGES OF THE TRANSITIONAL PERIOD 2026-02-17T14:37:10+00:00 Liliia Matvieieva liliya.matveeva@i.ua Polina Baltadji brava05@ukr.net Viktoriia Shevchuk wshevchyk@ukr.net <p>The article provides a thorough analysis of the economic transformation of the state and law during a period of transition. It reveals the transitional period to be a regular stage of societal development combining political, legal and economic changes. The article emphasises that, for Ukraine and other post-socialist states, transition is multidimensional, involving a shift from a centralised planned economy to a market economy, from an authoritarian model to a democratic system, and from an industrial society to an information society. In the politico-legal dimension, the study examines the adaptation of institutions to the conditions of martial law, restrictions on constitutional rights, and the need to ensure a balance between security and democracy. In the economic dimension, the dynamics of wartime transformation are outlined, including a sharp decline in GDP in 2022, stabilisation measures by the government and the National Bank, the introduction of a simplified tax regime, and support for business under wartime conditions. The article concludes that the success of economic transformation directly depends on the effectiveness of the legal system and state institutions. The Ukrainian experience offers a distinctive illustration of a tripartite combination of the struggle for statehood, modernisation of the legal system, and economic renewal, thus constituting a valuable exemplar for the international community. The subject of the research is the processes of economic transformation of the state and law under conditions of transition, in particular the interrelationship between politico-legal reforms and economic changes in Ukraine during 2022-2025, determined by the war, post-war reconstruction, and integration into the European Union. The research methodology employed is founded upon the utilisation of both general scientific and special legal methods. The dialectical method was employed to elucidate the essence of transitional processes in the state and law, and to identify their interrelation with economic transformations. The comparative-legal method was utilised to analyse the experience of post-socialist and European states that underwent a similar transitional path. The systemic-structural method made it possible to examine the state, law and economy as interconnected elements of a single social mechanism, in which changes in one sphere predetermine transformations in the others. The article aims to conduct a comprehensive study of the peculiarities of state and legal transformation during periods of transition. It seeks to identify the interrelationship between political and legal reforms and economic changes in Ukraine between 2022 and 2025. Finally, it aims to determine strategic guidelines for post-war reconstruction and European integration. Research results. The study establishes that Ukraine's transitional period is multidimensional, characterised by simultaneous changes in the political, legal and economic spheres. It shows that the legal system has become more adaptable under wartime conditions. The research confirms that the success of economic transformation hinges on the effectiveness of state institutions and the rule of law, as well as the capacity to strike a balance between security requirements during wartime and democratic principles. Conclusions. The study makes it possible to draw several key general conclusions. Ukraine’s transitional period remains inherently multidimensional: economic transformations are closely intertwined with political, legal, and institutional reforms. The legal system has demonstrated a notable capacity for adaptation; even under conditions of martial law, state institutions continued to function, while legislation was adopted to protect human rights, counter collaborationism, strengthen anti-corruption measures, and advance judicial reform. The economy experienced a profound crisis; however, sustained international support combined with domestic reform efforts enabled a degree of stabilisation and gradual recovery. Progress in European integration, including the implementation of visa-free regimes and alignment with EU membership criteria, has further highlighted the strong interdependence between economic policy and legal transformation. Finally, the social dimension of the transition—encompassing demographic losses, the return of displaced persons, and the reintegration of veterans—has generated new demands on state policy. Addressing these challenges is essential to ensuring long-term sustainable development and social stability. Ukraine's experience of 2022–2025 demonstrates that, even in extraordinary circumstances, it is feasible to implement reforms, amalgamate wartime mobilisation with democratic transformations, and establish the foundations for future economic and legal advancement. Consequently, the period of transition for Ukraine represents not only a challenge, but also a significant opportunity. The convergence of economic transformation and legal modernisation is laying the foundation for the establishment of a sustainable European state, grounded in the principles of the rule of law, democracy, and a competitive market economy.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Liliia Matvieieva, Polina Baltadji, Viktoriia Shevchuk http://www.baltijapublishing.lv/index.php/issue/article/view/3235 ADJUSTMENT OF THE ECONOMIC NATURE OF LEGAL DISPUTES SINCE 2022 2026-02-17T14:37:08+00:00 Oksana Hinda ksenia7182@gmail.com Ihor Krynytskyi krynytskyy@ukr.net Andrii Salenkov absalenkovv@gmail.com <p>This article examines the structure, dynamics, and legal nature of court cases involving the Ministry of Justice of Ukraine in 2023–2024, based on official statistical and analytical data. The study identifies core categories of disputes in which the Ministry appears as a defendant, plaintiff, or participant in enforcement-related and regulatory proceedings. Particular attention is given to the growing number of social and labour disputes, disputes linked to the full-scale invasion of the Russian Federation, and cases involving nationalization, asset confiscation, and forced alienation of property. The article also analyses trends in administrative cases related to social guarantees for servicemen, veterans, and internally displaced persons, including disputes on housing benefits, compensation, indexing of pensions, and payments due to disability or death in service. A significant portion of the disputes concerns the activities of state enforcement officers, private bailiffs, and notaries. The analysis demonstrates that complaints against decisions, actions, and omissions of enforcement officials remain the most frequent category, reflecting the ongoing challenges of effective execution of court decisions. Another important area includes cases on recognition of legal acts as unlawful, termination of citizenship, activities of legal entities, liquidation of pro-Russian organizations, and disputes over state registration of civil status acts. Several categories of cases are directly linked to war-related legal transformations, particularly concerning mobilization, payment of financial assistance, and the social protection of military personnel. The results reveal systemic trends that characterize the role of the Ministry of Justice in Ukraine’s administrative and judicial landscape. The article highlights the need to improve legal regulation in the areas of enforcement, social protection, wartime compensation mechanisms, and guardianship and custody activities. The findings contribute to understanding the evolving legal environment under wartime conditions and point to areas where further regulatory and institutional reforms are required.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Oksana Hinda, Ihor Krynytskyi, Andrii Salenkov http://www.baltijapublishing.lv/index.php/issue/article/view/3236 LEGAL AND ECONOMIC CHARACTERISTICS OF STATE ELECTRONIC RESOURCES FOR REGISTRATION OF REAL ESTATE OBJECTS 2026-02-17T14:37:06+00:00 Yuriy Pylypenko jankovska@baltijapublishing.lv Roman Myroniuk jankovska@baltijapublishing.lv Stanislava Myroniuk stanislava.myroniuk@dduvs.edu.ua <p>The article clarifies the state and prospects for the functioning of state electronic resources for registration of real estate objects. The article identifies the legal principles of the procedure for state registration of real estate rights, defines the general principles of the administrative procedure for state registration of real estate rights, analyzes the technological processes of forming state electronic resources for registration of real estate objects, and defines the prospects for improving the administration and financing of the State Register of Rights. As a result of the study, it was found that the following ways are proposed to improve the administration and financing of the State Register of Rights: implementation of electronic services, optimization of procedures, modernization of information systems, attraction of private investments for the creation and maintenance of databases and diversification of funding sources, in particular by increasing the efficiency of fund management and expanding paid services, as well as expanding cooperation with international organizations. It has been established that the key areas for improving the administration of the State Register of Rights include: further implementation and development of electronic services – transferring most services to electronic format to ensure convenience for citizens and businesses, as well as reducing corruption risks; optimization of procedures – reducing document processing times and improving the quality of service by simplifying administrative procedures related to the registration of rights; modernization of information systems – updating software and technical base to ensure reliability, security and speed of the register; staff training – conducting training and advanced training of employees responsible for maintaining the register to ensure a high level of professionalism. It has been proven that the key areas for improving the financing of the State Register of Rights are: diversification of funding sources – reducing dependence on the state budget by attracting funds from other sources; attracting private investment (introducing the principles of public-private partnership, in which the software of the register and its updates are provided by a private partner, and the maintenance of databases and their protection is carried out by the state); paid services – optimization of service fees, expansion of the list of paid services provided by the registry in order to obtain additional funding; cooperation with international organizations – expansion of cooperation with international financial institutions and organizations to obtain technical and financial assistance.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Yuriy Pylypenko, Roman Myroniuk, Stanislava Myroniuk http://www.baltijapublishing.lv/index.php/issue/article/view/3237 EUROPEAN STANDARDS OF FAIR COMPETITION IN PUBLIC ADMINISTRATION OF UKRAINE 2026-02-17T14:37:05+00:00 Yan Braslavets mmfjkeee@gmail.com Svitlana Kapitanets sv.kapitanets@gmail.com <p>The subject of the present study is the incorporation of European standards of fair competition into Ukraine's public administration through administrative procedures that govern access to public resources. The research focuses on the applied interaction between fair competition and good governance as procedural benchmarks for legality, predictability, and equal contestability in public decision-making. It pays particular attention to public procurement reform via Prozorro and to broader resource-allocation regimes under conditions of martial law and European integration. Methodology. The methodological framework underpinning this study combines comparative legal analysis and systemic institutional analysis, complemented by case-oriented examination of data-enabled governance instruments in Ukraine, including Prozorro and electronic auction mechanisms, as well as the EU-derived logic of narrow and reasoned exceptions, transparency, and reviewability. The objective of the present study is to conceptualise European standards of fair competition as an element of good governance in Ukraine's public administration. In addition, the study will assess how procedural safeguards and digital transparency mechanisms shape equal access to public resources across procurement and related allocation regimes under conditions of European integration and martial law. The study's findings indicate that competition within the public sector is predominantly influenced by procedural design. Mechanisms such as transparency, non-discrimination, proportionality, adequate reasoning, the right to be heard, conflict-of-interest controls, and effective remedies function as safeguards, constraining selective advantages and systematically embedding equal access. Although digitalisation strengthens these safeguards by making decision criteria and patterns observable on a large scale, it does not guarantee fair competition where procedures still permit discriminatory specifications, fragmentation, formalistic exclusions or the abuse of exceptions. Evidence from wartime procurement dynamics confirms that competitive outcomes are sensitive to the scope of non-competitive regimes and the controllability of derogations. Conclusion. European standards of fair competition in Ukraine should be regarded as a governance architecture that integrates good administration, digital transparency, and competitive neutrality into a unified procedural discipline for the allocation of public resources across procurement, state support measures, and public asset management.</p> 2026-02-17T00:00:00+00:00 Copyright (c) 2026 Yan Braslavets, Svitlana Kapitanets