Three Seas Economic Journal最新文献

{"title":"RESEARCH OF ORGANIZATIONAL DEVELOPMENT OF FOOD INDUSTRY ENTERPRISES","authors":"T. Koliada","doi":"10.30525/2661-5150/2022-4-4","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-4","url":null,"abstract":"The purpose of the work is to analyze economic processes at the enterprise level and in-depth study of their economic processes, which is important not only in the process of establishing market relations, but especially during the economic crisis in the country. Methodology. There is an urgent need to make managerial decisions aimed at improving the economic sustainability of the enterprise, which can only be achieved through professional economic analysis of the enterprise, which is carried out using a number of economic and financial indicators calculated on the basis of financial statements and additional accounting indicators at the enterprise. The most difficult task of the food industry is to provide high-quality products and achieve their competitiveness. According to the results of the analysis, it was concluded that the food industry ranks second in terms of sales. The food industry ranks second in terms of sales volume. In 2016, the volume of sold products of the food industry amounted to 381.4 billion UAH (21.6% of the total volume in the industry), of which 91.4 billion UAH (19.6% of the volume of industrial products sold outside the country). The food industry of Ukraine has great potential and is competitive. In the context of the strategy development, measures to stimulate the economic activity of food industry enterprises are also proposed. Practical implications. Manufacturers are expanding the geography of external supplies and are looking for access to foreign markets, and the export potential makes it attractive to investors. Under such conditions, the Ukrainian food industry should change its priorities and modernize production. There is a clear lack of funding for the industry, which could be provided by both foreign and domestic investors. Capital investments should go to the food industry, which produces competitive products. And the reduction of investments in the food industry in the long run will increase the technological lag of Ukraine from the developed countries of the world. Value/originality. During the year, work was carried out to attract food and processing enterprises of all forms of ownership to participate in seminars on the development, implementation and certification of management systems, namely: quality, food safety, environmental management, occupational safety.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85900764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"POSSIBLE RISKS IN AGRITOURISM AND WAYS TO OVERCOME THEM (BASED ON THE EXAMPLE OF THE GURIA REGION)","authors":"Murman Tshekladze, Salome Sulaberidze","doi":"10.30525/2661-5150/2022-4-8","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-8","url":null,"abstract":"Agritourism activities are sometimes associated with certain risks, protection against which can be seen as one of the important factors contributing to the development of agritourism. The purpose of the article is to analyze the risks in agritourism on the example of Guria, one of the regions of Georgia, and to outline ways to overcome them. The document outlines the risks associated with overcrowding in tourist destinations, climate change, seasonality of tourism, spread of various pests/diseases of agricultural plants and animals, food safety, environmental and air pollution, improper waste management, financial support for agritourism, etc. Their solution often requires both individual and joint coordinated efforts of farmers, local governments and visitors themselves, resulting in the opportunity to offer tourists a variety of safe tourism products in the form of recreation, interesting attractions, and a better understanding of local life, which will make their stay more enjoyable, useful and interesting. The main results of the article are based on the data of our research, which was conducted by direct survey (questionnaire) in one of the regions of Georgia - Guria. The study determined that there are 566 farms in all three municipalities of the Guria region (281 in Ozurgeti municipality, 110 in Chokhatauri municipality, in Lanchkhut municipality - 175), 400 farmers took part in the study, 80 of whom are engaged in agritourism (41 in Ozurgeti municipality, 16 in Chokhataur municipality, 23 in Lanchkhut). The topic analyzes the peculiarities of the existing risk management and offers recommendations on measures to be implemented on the example of the Guria region.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79462566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"LUMP-SUM TAX IS AN ALTERNATIVE TO WEALTH TAXATION","authors":"M. Sverdan","doi":"10.30525/2661-5150/2022-4-6","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-6","url":null,"abstract":"The purpose of the article is to study the topical issues of wealth taxation, which is due to the established stable trends of growth of welfare of market participants. This study can be considered relevant and in demand based on the steady trend of enrichment that has taken hold in the world. This is a consequence of the accelerated pace of economic progress aimed at improving the well-being of individuals. Modern society is characterized by a noticeable increase in the number of wealthy people and an increase in the level of well-being in general. The number of wealthy individuals is especially growing. The purpose of this paper is to determine the essence of taxation of wealthy individuals. The topic of the article is driven by the need to disclose various forms and methods of taxation of wealthy individuals. At the same time, the purpose of the article is to study not the taxation of wealth, but rather the taxation of wealthy individuals. In this regard, the mechanism of one-time taxation is considered. Methodology. A correct analysis of the structure of wealth and wealthy citizens in society makes it possible to assess the effectiveness of specific forms of taxation, including one-time taxation. Results. The article examines the issues and current specifics of the lump-sum tax. The lump-sum tax is currently applied only in some countries, but it is quite effective. Practical implications. The peculiarities of the application of a one-time tax for wealthy individuals are investigated. The economic essence of the one-time tax is investigated. The specifics of the functioning of a one-time tax for wealthy individuals in some countries of the world are considered. Value/originality. It is found that wealth is a complex, multifaceted category which can be characterized as a specific characteristic of the socio-economic structure of society, which determines its status, results, dynamics and development trends. The features of the functioning of the one-time tax in different countries of the world are considered. The use of a one-time tax as a fiscal instrument in the tax system of the state is proposed.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89505847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CUSTOMER ORIENTATION OF THE BANK AS THE BASIS OF THE CUSTOMER-ORIENTED BUSINESS MODEL OF THE BANK","authors":"V. Rudevska","doi":"10.30525/2661-5150/2022-4-5","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-5","url":null,"abstract":"The main purpose of this study is to deepen the theoretical foundations of defining the content of the concept of \"customer focus\" and assessing the level of customer focus, as well as to provide a practical perspective on the customer-oriented activities of the bank. The study covers a set of issues related to the allocation of customer focus as an independent object of management in the bank, characterization of the methodology for assessing the level of customer focus of the banking institution and determining the directions of improving the customer focus of the bank as an important element of the banking business, the main effect of which should be an increase in profits in the process of the bank. The methodology of the study, which reveals the topic of the article, is: analysis and synthesis of the theoretical basis for the content of the concept of \"customer focus\", its generalization and decomposition of approaches to defining the content of customer focus; the method of synthesis is used in the process of defining the concept. Also, in the process of research and implementation of its goals, general scientific and analytical methods of assessing the level of customer focus were used. Results. The study of the content of customer orientation based on the decomposition of different approaches to its definition allowed to formulate the author's definition of customer orientation in the bank as a tool of partnership between the bank and consumers to meet the needs of the latter, as well as to prevent their expectations, aimed at obtaining a constant long-term income by the bank due to the key competencies of its staff and the transition to a customer-oriented model of banking institution. The author's definition differs from the existing ones in that it considers customer orientation at two levels of interaction with customers: at the level of the bank as an organizational structure and at the level of personnel who contact with customers directly and indirectly, and also focuses on the bank's orientation to the desires and needs of the customer and the ability to anticipate them. Without equating the level of customer satisfaction with the level of customer focus, it can be said that there is a logical connection between these concepts and conclude that the measurement of customer NPS can be used as an indicator of customer focus. Practical implications. In the world banking practice, the introduction of NPS calculation is widely used and influences the decision-making process regarding the bank's business model, in which customer focus plays a key role. The ways of increasing the level of customer orientation of the staff and implementing a customer-oriented business model of the bank, highlighted by the author, have a wide prospect of further implementation in the activities of financial institutions.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73958876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"USE OF SCHEMA.ORG MICRO-MARKUP IN E-COMMERCE PROJECTS","authors":"Olexandra Belz","doi":"10.30525/2661-5150/2022-4-1","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-1","url":null,"abstract":"The purpose of the article is to identify the most effective schema.org micro-markup schemes used in e-commerce projects. Methodology. The research included competitive intelligence among the leading online platforms operating in Europe in general and in Ukraine in particular. The study involved TOP-8 e-commerce projects in Ukraine and TOP-9 global cross-border marketplaces operating in Europe. The service validator.schema.org was chosen as the research tool. Results. The study showed that the most popular schema.org micro-markup format is JSON-LD. In general, 82.4% of the surveyed sites use JSON-LD microdata format. Some sites use two microdata formats: JSON-LD and Microdata. But none of the top online marketplaces use the RDFa micro-markup format. Popular marketplaces operating in Ukraine and Europe often use the same types of schema.org vocabulary. However, the frequency of using micro-markup by top marketplaces operating in Ukraine is much higher than the frequency of using micro-markup by top marketplaces operating in Europe. In addition, Ukrainian marketplaces use a much wider list of schema.org micro-markup properties than marketplaces operating in Europe. However, no online store has implemented the properties of advantages and disadvantages of goods recommended by Google in the scheme. Practical implications. The study suggests schema.org micro-markup schemes for homepage, category page, product page, about page, payment and delivery page, warranty and returns page, contact page and blog. The proposed templates of micro-markup schemes were validated using the validator.schema.org service. The study recommends using the JSON-LD format for semantic markup of website content. Value/originality. Implementation of effective semantic markup of site content will allow search engines to more accurately identify the information presented on the site. This, in turn, will improve the visibility of the online marketplace in the Search Engine Results Page of Google, Bing, Yahoo! etc.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88776507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ENSURING THE EFFICIENCY OF MANAGING THE FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE DURING THE CRISIS","authors":"Daria Yasynska","doi":"10.30525/2661-5150/2022-4-9","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-9","url":null,"abstract":"The purpose of the article is to present effective anti-crisis management measures to bring enterprises out of the crisis situation and improve their financial and economic security. The subject of this study is the financial and economic security of an enterprise during a crisis. Methodology. Using the historical and comparative methods, the author analyzes the events of recent years and analyzes the impact of external factors on the formation of the crisis state of an enterprise. The economic and statistical method made it possible to analyze the scale of damage caused by the Russian Federation to the state of Ukraine during almost nine years of active hostilities in violation of such principles of international law as the principle of non-use of force or threat of force; the principle of sovereign equality of states; the principle of equality and self-determination of peoples; the principle of peaceful settlement of international disputes; the principle of non-interference in the internal affairs of states; the principle of peaceful cooperation; the principle of fulfilling international obligations in good faith; the principle of inviolability of borders; the principle of territorial integrity of states; the principle of universal respect and protection of human rights; and to see what level of crisis the terrorist state of the Russian Federation has spread in the largest country of the European Union, namely Ukraine. Using the philosophical dialectical method, the author analyzes the very phenomenon of crisis in the broad sense of the word and finds a way to respond to the challenges of the crisis. Results. This study assesses the benefits that have contributed to the development of economic relations with countries in Africa, Asia, and Europe. The losses suffered by the Ukrainian economic system due to the destructive processes of the crisis are analyzed. The author examines the peace formula approved by Volodymyr Zelenskyy, which provides for the implementation of measures aimed at shaping peace in the European space and correcting the mistakes made by officials of the terrorist state of the Russian Federation, which led to terrible consequences; the author analyzes the achievements of this peace formula and determines how much benefit and lives it has already brought. The practical significance lies in the definition of reorganization as one of the best anti-crisis management measures that can bring an enterprise out of a crisis. In particular, attention is drawn to the effectiveness of rehabilitation measures that can restore the solvency of an enterprise. In turn, taking into account the established practice of attracting investment capital as a means of improving the economic activity of an enterprise, the author analyzes the risks of losing property and non-property assets in the event of adverse conditions and proposes to create a mechanism for investment guarantees, which consist in preserving assets by the investor in the event of a","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"76 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90519459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"MODERN COMPETENCIES AND TASKS OF MANAGERS OF HEALTH CARE INSTITUTIONS","authors":"Daria Huz, Olena Rudinska","doi":"10.30525/2661-5150/2022-4-3","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-3","url":null,"abstract":"Purpose. The purpose of the article is the scientific and theoretical substantiation of modern competencies and tasks of health care managers. Tasks. Achievement of this goal necessitated the following tasks: to analyze the role of managers and their impact on the activities of health care institutions; to consider the scope of management activities of managers of modern medical institutions; to consider the main competencies of managers of health care institutions; to determine the current tasks of managers and their impact on the activities of health care institutions. Object. The object of the study is health care institutions. Methodology. The information base of the study was formed by legislative and regulatory documents, periodicals, electronic resources. The work uses general scientific and special methods: monographic research, generalization, systematization. This made it possible to consider the impact of modern environmental factors on the functions and responsibilities of managers in health care institutions. Also to explore the modern competencies and tasks of managers and their impact on the activities of health care institutions. Results. The role of managers and their influence on the activities of health care institutions are considered. The influence of modern environmental factors on the functions and responsibilities of managers in health care institutions is analyzed. The purpose of health care institutions is considered. Two spheres of management of managers are defined: external and internal. The main competencies of managers in health care institutions are considered. The necessity of performing additional duties by managers in today's unstable economic conditions is substantiated. The modern tasks of managers and their impact on the activities of health care institutions are analyzed. Value/originality. It is found that when managing health care institutions, managers must take into account endogenous and exogenous challenges to make effective management decisions and manage the quality of health care institutions. It is determined that the key competencies of an effective manager are conceptual, technical and interpersonal skills. It is concluded that in modern conditions the heads of medical institutions also face new challenges, which are determined by such modern trends as: management in difficult conditions, management in conditions of constant change, management in a creative way. Conclusion. In today's volatile economic environment, healthcare managers must develop critical new skills and competencies to ensure the effective development of healthcare institutions. Healthcare managers must also continuously improve them in accordance with market requirements. When managing health care institutions, managers must take into account endogenous and exogenous challenges to make effective management decisions and quality management of health care institutions. Constant changes in environmental factors lead to changes in ","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"125 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78464214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"PRODUCT IMAGE IN THE ENTERPRISE’S MARKETING PRODUCT POLICY","authors":"Bogdana Vyshnivska","doi":"10.30525/2661-5150/2022-4-2","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-2","url":null,"abstract":"A strong image of the organization and its products indicates unique business abilities (special skills, abilities) that allow you to increase the value of goods and services offered to consumers. Managers of any organization or eventually start building its image, and then the sequence of their actions will be as follows: image measurement, image assessment, development of an image-building program and its implementation. Each organization performs many roles, so its image formed at different levels: socio-cultural, industry, enterprise and product level. Based on this, it is necessary to study the formation of a positive image of Ukrainian enterprises and companies. The purpose of the article is to theoretically substantiate and develop scientific and methodological provisions and practical recommendations for the improvement of the product image in the marketing product policy of the enterprise. The object of research is the brand, LLC “Industrial and commercial company SHABO\". The subject of the research is the influence of the image and its perception by consumers, namely: analysis of the alcohol market of Ukraine, the place of “SHABO” in it, determining the impact of the company's image on its profit. The methodological basis are general and special methods: the systematic approach, system-structural analysis, synthesis, comparative analysis, modeling, semantic analysis, and terminological approach. The research results: most of Ukrainian scientists define the brand as an image that arises in the mind of the consumer, is associated with certain advantages of the product (service) or company, and clearly differs from competitors. The image makes a huge contribution to the formation of the image of the brand in the mind of the consumer. The practical significance of the obtained research results is that the conclusions and recommendations are of practical importance and can be used to strengthen product image in the marketing product policy of the LLC \"Industrial and commercial company SHABO\". Therefore, it is necessary to study the importance of the company's brand, its impact on consumers, the company's profit and the competitiveness of the company's products on the alcohol market of Ukraine and the international market.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90558712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ANTI-CRISIS MANAGEMENT AS THE BASIS OF ENSURING THE ECONOMIC STABILITY OF ENTERPRISES","authors":"T. Stroiko, Hanna Kharus","doi":"10.30525/2661-5150/2022-4-7","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-4-7","url":null,"abstract":"Crisis management in today's economic environment is the basis for competitive and efficient operations of any company. Liquidation of unviable companies is a prerequisite for the effective functioning of the market mechanism. Indeed, launching bankruptcy proceedings is much easier than trying to restore the life cycle of an enterprise. However, the practical experience of global companies in overcoming crisis phenomena indicates the formation of a different approach to the development of the crisis process. In order to study the need to apply anti-crisis management mechanisms, the article analyzes the financial and economic condition of Sandora LLC using the methods of Fox, Tafler, Altman and Springate. The calculated data confirm the fact that the specifics of domestic business, inflation rates, tax legislation, general economic and political instability make it impossible to adequately apply foreign bankruptcy forecasting models with reliable results. The peculiarity of anti-crisis management at domestic enterprises is the need to use modern risk management methods, taking into account the timeframe and the impact of external and internal factors. Currently in Ukraine, only large corporations or branches of international companies create special structural units, hire risk managers or high-level managers whose experience and qualifications allow them to manage the company in a crisis situation. Therefore, the use of crisis prevention measures helps to increase the company's competitiveness, and ongoing diagnostics of activities, environmental analysis and identification of possible risks minimize future costs. The most important features of crisis management include the individuality of strategic programs for forecasting and overcoming crisis phenomena at an enterprise, which is primarily related to the individuality of the stages of formation and development of each company, indicators of economic efficiency and mission, the specifics of the management system, as well as the personal qualities, knowledge and experience of managers. In other words, each company should develop an individual crisis management program taking into account the global experience of risk management and the specifics of strategic planning in the short and long term. To evaluate the effectiveness of the crisis management strategy, it is necessary to determine the performance indicators and goals of such management. At the same time, the criteria for determining the effectiveness of the implemented program are purely individual and depend on many factors: the scope of activity, profitability, level of profitability, form of ownership, sales markets, company size, number of employees, etc.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90381037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"INNOVATIVE PROJECTS FOR THE REVITALIZATION OF OLD INDUSTRIAL AREAS","authors":"V. Omelyanenko, Maksym Vernydub, Oleh Nosachenko","doi":"10.30525/2661-5150/2022-3-9","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-3-9","url":null,"abstract":"The purpose of this study is to consider the revitalization of old industrial areas in the framework of the project approach, which will take into account modern trends in innovative development. Methodology. The authors consider the revitalization of old industrial areas in the framework of the project approach, which will take into account modern trends in innovative development. The study based on the review of successful foreign and domestic experience allowed to summarize the key provisions of the revitalization of old industrial areas. It is determined that modern regional policy is implemented on the basis of targeted solution of specific problems and implementation of infrastructure projects. In foreign countries, new approaches are being applied to stimulate regional development through measures aimed at maximizing the use of regional potential, promoting entrepreneurship and innovation, supporting educational projects and retraining the local workforce, which allows better use of the potential of depressed regions in connection with the development of more prosperous regions of the country. Practical implications. The formation of the innovation system of old industrial cities and regions integrated into the knowledge economy concerns the interaction of business entities at all levels: an adequate response of industrial enterprises to changing operating conditions should be supported by effective institutional policy of the region and the state. Studying the world experience of modernization of old industrial regions makes it possible to identify the best practices and tools that will contribute to the development of these territories. Foreign experience convincingly proves the success of such projects and can be very interesting for certain territories and monocities of Ukraine. The choice of a specific model of revitalization should be carried out in each case individually, but the comprehensive renewal of the district territory involves a certain set of measures aimed at determining the new function of industrial areas, their planning structure, taking into account the entire urban organism. Value/originality. Based on the generalization of current trends, the promising components of modern projects for the revitalization of old industrial areas were identified. In this regard, the creative cluster is an effective tool for demonstrating modern technologies directly in natural conditions, which contributes to the confident promotion of humane and progressive ideas in modern society.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"2015 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87257040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}