Study of Opportunities to Increase Financial Transparency of Railway Transport

Abstract

Railway transport is an organic component of the country's economic system, and the efficiency of its work is directly reflected in each business entity. Despite the crisis, which was especially aggravated in the transport industry in 2020-2022, the statistical indicators for 2021 showed an increase in freight traffic by 3.2%, and the volume of passenger traffic in the same year increased by more than 32% compared to 2020. The digitalization of the railway industry allows increasing the amount of data that requires appropriate processing and systematization and analysis in order to maximize the performance of the transport system and meet the needs of its users. As part of the implementation of a long-term policy for the development of the country's transport sector and the widespread introduction of digital technologies in transport, including its railway segment, there is a growing need to develop and apply new approaches and methodologies aimed at improving the quality level of information received about the work of industry enterprises, which increases its value and reliability.. The lack of such information impairs the effectiveness of interaction between enterprises providing transport services and consumers of these services, undermines trust between them, which ultimately does not contribute to economic growth. This article presents an attempt to develop a methodology for financial strategic analysis.