Long-term Investment Research Articles

МЕТОДЫ АНАЛИЗА СОВОКУПНОСТИ ИСТОЧНИКОВ ИНВЕСТИЦИЙ И КОММЕРЧЕСКИХ ИДЕЙ

The successful development of an enterprise in a market economy is inextricably linked to the process of long-term investment. Investment activity is an essential part of the functioning of any organization. A very important place in the analysis of an investment project is given to the study of economic efficiency, which consists in measuring (evaluating) its final financial results. Economic efficiency in the most general sense is a comparison of the results of economic activity with the resources spent on this activity: labor, material, natural. Currently, many enterprises carry out long-term investments, however, this activity is not the main one for them. In this regard, there is a need to receive advice and assistance for the correct choice of a commercial idea and its analysis. The article contains theoretical aspects of the development of a project support strategy, namely, the essence of investment activity and the content of the investment strategy are considered, as well as the methods used in its construction are analyzed. To justify the choice of investment decisions, homogeneous classes of types of credit and business projects are distinguished, and methods of optimal project selection are considered. The main provisions, an indicator for evaluating the work of marketing, sales and business for quantitative and qualitative scales (distance), methods and quality functions are defined. The authors also analyzed the selected factors and identified the first four main components, the totality of which determines 70% of the labor productivity level of workers employed in the field of material production. The study presents specific data on the rating of regional agricultural organizations in the Orenburg region.

Effect of Short-Term Capital Flows on Real Exchange Rate in Kenya

Short-term capital flows that are continuous have two disadvantages. Although they are attractive to investors, their tendency toward volatility and reversals increases the possibility of causing instability in the macroeconomy. There's little question that Kenya's open account policy and Vision 2030 goals will attract more short- and long-term investment. The research investigated how Kenya's macroeconomic indicators were impacted by short-term capital flows. The explicit goal was to ascertain how net short-term capital flows affected Kenya's actual exchange rates. In the study, series data spanning the years 1980–2018 were used. At that time, market liberalization was underway, and Kenya had begun to implement structural adjustment programs. The study used a correlational research approach utilizing e-views, ox-metrics, and STATA software to assess the model at a 5% significant level. The procedure of assessing the hypothesis included the use of t-ratios and P-values. To ascertain if the time series data were stationary, a unit root test utilizing the Augmented Dickey-Fuller test was performed. To ascertain if there was a long-term link between the variables, co-integration and error correction techniques were applied. To ascertain the nature of the link that existed between the variables, the Granger causality test was used. In order to evaluate the multicollinearity, autocorrelation, and heteroscedasticity assumptions, the Variance Inflation Factor, Durbin-Watson statistic, and Breusch-Pagan tests were applied. The results showed that short-term capital flows significantly and unfavorably affected real exchange rates (t-prob 0.000–0.05). The study suggested preventing the detrimental impacts of net short-term capital flows before they affect the whole economy.

A study on capital budgeting with reference to micro, Small and Medium Enterprises (MSMEs) - Lilongwe City, Malawi

Capital budgeting involves planning and controlling long-term and short-term investments in fixed assets. It requires investing cash now with the expectation of recovering it over more than a year. Evaluating these decisions means assessing the investment and its future cash flows, which come from added revenues, cost savings, or cost reductions. Most numbers used in these analyses are estimates. Capital investment decisions are crucial for organizations' strategic goals. This study explores the capital budgeting practices of MSMEs in Malawi by surveying ten manufacturing companies. Results show that 70.3% of these MSMEs use capital budgeting for short- and medium-term investments, often employing forecasting analyses, and some use cost-benefit analysis and executive decision-making. Most MSMEs struggle with capital budgeting due to limited knowledge, time constraints, and data issues. While 50.9% understand the "Decision Rule" in capital budgeting, 40% cite lack of knowledge as their biggest challenge, followed by time, manpower, and data availability. Capital budgeting in Malawian MSMEs is developing as they adapt to globalization's opportunities and challenges. It is therefore suggested that the Malawian government, non-governmental organizations, and business development providers should offer training in capital budgeting and proper business record-keeping to Malawian Micro, Small, and Medium Enterprises.

Green Financing for Sustainable Development in Infrastructure Projects in Kenya

Transitioning into a decarbonized economy requires an unprecedented level of new capital investment, particularly in the form of green finance. Market and regulatory trends indicate that there is an increased interest in green and sustainable finance among investors and policymakers. However, capital mobilization for green investments has been constrained by microeconomic obstacles including maturity mismatches between long-term green investments; the typically short-term time horizons of investors and disintegrated financial and environmental policy approaches. It’s against this backdrop that the study intended to assess the green finance trends, green finance instruments and the challenges on green finance adoption.The study adopted desk review also known as Meta-analysis method to extract information concerning green finance trends, instruments and adoption challenges. The study established that to achieve sustainable development goals (SDGs), its necessary to open-up green projects and scale up the financing of investments that provide environmental benefits through innovative financial instruments and new policies such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, financial technologies and community-based green funds. However, Financial institutions show more interest in fossil fuel projects than green projects because of the low returns and risks associated with green investment compared to brown investment. To reduce the risk of green investment and increase the rate of return to the investors, the creation of green credit guarantee schemes and tax return on revenue generated from the green energy spillover effect is necessary. In conclusion green finance market is well structured in developed economies unlike developing economies due to underdeveloped capital markets, regulatory gaps and unstandardized green taxonomy.Thus the study recommends the development of green finance database and incorporation of green agenda in public policy institutions’ mandates and procurement;Standardization and information disclosure regarding Green investment risks, green taxonomy and commoditization of environmental factors into tradable assets; Raising awareness; Offering tax incentive on green projects; Developing Carbon Capital Markets; Stock Trading of Green finance products; Strengthen the social responsibilities of investors and Technology adoption.

Environment and Inclusive Growth: Concerns and Solutions

The ecology and all of its components are suffering greatly as a result of the unchecked speed of development. At this rate, environmental degradation will have an impact on humanity and associated fields. In order to prevent the consequences of expansion from pushing the environment into a situation from which it is incapable of recovering, there should be ongoing, earnest efforts made towards sustainable development. The three pillars of ecodevelopment are the environment, humanity, and economy. A stable growth rate is necessary to attain a just balance between these pillars. Since agriculture employs the majority of the population, it also has an impact on the balance of the ecosystem. Because every unplanned step towards progress puts us back in the environmental front, we must thus be mindful of the boundaries of environmental challenges in order to achieve equitable economic growth. The hope for sustainable development lies in decreased deforestation, greater food security, conservative agricultural practices, the use of biopesticides, and prudent use of natural resources. To be effective, environmental policy probably needs to employ a variety of tools, each addressing a distinct aspect of the issue and attempting to minimise redundancies and pointless regulations. Appropriately pricing environmental inputs facilitates sustainable resource provision and use management. Long-term corporate investment in new technology and innovation is encouraged by a consistent and clear environmental policy, which also increases investment certainty. Environmental and economic success are interdependent. Economic activity and advancement depend on the natural environment because it provides the resources needed to produce goods and services and because it processes and absorbs waste and pollution, which are unwanted byproducts. This paper focuses on how environmental assets assist control risks associated with social and economic activities, flood risks, local climate regulation (temperature and air quality), and the availability of clean water and other resources.

ОБҐРУНТУВАННЯ ФАКТОРІВ, ЩО ВПЛИВАЮТЬ НА ЕКОНОМІЧНУ ЕФЕКТИВНІСТЬ ПІДПРИЄМСТВ ХІМІЧНОЇ ГАЛУЗІ

The article highlights the issue of substantiating the factors of performance management of chemical enterprises and is defined as a process supported by software for planning, reporting and business analytics, which allows an organization to link its strategy with planning and execution. The modern approach was implemented many years ago and incorporates past, present and forward-looking information – in addition to business drivers – for a more comprehensive method of financial and operational planning. Some of the key components of the systems include planning, budgeting and forecasting capabilities, as well as the ability to track performance indicators, conduct analysis and manage reporting. Performance management processes for chemical companies also cover the financial close, consolidation and reporting process for better understanding. Because of this, such a situation makes it necessary to improve the efficiency of chemical industry enterprises. This is a key condition for ensuring long-term development, competitiveness and investment attractiveness of enterprises, which in the context of economic development is one of the most urgent tasks facing all enterprises in this industry. Analysis of the economic activity of the enterprise allows to answer many questions related to the efficiency of the enterprise. This process includes researching information about finances, product delivery, internal processes, and other key aspects of the business. The substantiation of factors of economic efficiency of the activity of the enterprise of the chemical industry makes it possible to achieve the maximum result from a limited number of resources. Purposeful actions with maximum results are considered the most important task for managers of any enterprise. Analysis of the economic activity of enterprises in the chemical industry is the first and most important task that must be solved in order to find ways to increase the efficiency of activity. The study and formation of the theoretical essence of the concept of "enterprise activity efficiency" is expedient for further formation and scientific substantiation of the concept of modern activity efficiency of enterprises in the chemical industry.

Comparative Study on the effects of Urban Heat Islands using Remote Sensing and Geographical Information System for the Salem district, India

The ecology and all of its components are suffering greatly as a result of the unchecked speed of development. At this rate, environmental degradation will have an impact on humanity and associated fields. In order to prevent the consequences of expansion from pushing the environment into a situation from which it is incapable of recovering, there should be ongoing, earnest efforts made towards sustainable development. The three pillars of ecodevelopment are the environment, humanity, and economy. A stable growth rate is necessary to attain a just balance between these pillars. Since agriculture employs the majority of the population, it also has an impact on the balance of the ecosystem. Because every unplanned step towards progress puts us back in the environmental front, we must thus be mindful of the boundaries of environmental challenges in order to achieve equitable economic growth. The hope for sustainable development lies in decreased deforestation, greater food security, conservative agricultural practices, the use of biopesticides, and prudent use of natural resources. To be effective, environmental policy probably needs to employ a variety of tools, each addressing a distinct aspect of the issue and attempting to minimise redundancies and pointless regulations. Appropriately pricing environmental inputs facilitates sustainable resource provision and use management. Long-term corporate investment in new technology and innovation is encouraged by a consistent and clear environmental policy, which also increases investment certainty. Environmental and economic success are interdependent. Economic activity and advancement depend on the natural environment because it provides the resources needed to produce goods and services and because it processes and absorbs waste and pollution, which are unwanted byproducts. This paper focuses on how environmental assets assist control risks associated with social and economic activities, flood risks, local climate regulation (temperature and air quality), and the availability of clean water and other resources.

Strategic and tactical management of warehousing in distribution logistics

The temporal, structural and spatial variations of demand in urban distribution logistics systems leads to specific requirements on management at all levels. Especially strategic management, which involves long-term decisions and significant investments, is marked by multiple uncertainties. The analysis of an operator's own warehouse in a urban logistic system demonstrates the difficulty of deciding the storage capacity as an initial phase of warehouse design. Uncertainties cannot be eliminated in warehouse design even if other causes of the storage demand variations are excluded and only seasonal variations, for which information is available, are considered. Temporary excesses and/or shortages of storage capacity are inevitable. In this regard, this paper demonstrates how tactical management decisions can provide solutions with minimum consumption of resources in various operating circumstances that are impossible to consider in strategic decisions and cause storage capacity deficit.

Understanding sustained adoption of conservation agriculture among smallholder farmers: insights from a sentinel site in Malawi

Abstract Smallholder farming systems need climate-proofing and sustainable intensification practices such as conservation agriculture (CA), are promising options. However, there is a general perception that the adoption of CA systems in southern Africa is low. Sentinel sites, where CA has been promoted for a long time, offer forward-looking new insights. This paper, thus, takes a deep dive at Nkhotakota district of Malawi to understand what could have led to the success of CA promotion and subsequent perceived high adoption. We use survey data from 620 farmers, with 298 farmers sampled from treatment areas – known to have had contact with host farmers and 320 from a control group. Overall, 31% of the farmers in both groups adopted full CA over at least a 2-year period. We also find that about 57% of farmers in the treatment area adopted full CA and only 7% of farmers in the control areas. This highlights that longer-term CA promotion with dedicated extension support can enhance the uptake of CA practices. In essence, this paper offers a different perspective to the current narrative that CA systems are too complex and knowledge intensive to be adopted despite its long-term promotion and significant investments. However, there are some nuances: sustained adoption even in sentinel sites is neither 100% nor persistent over the long term. We find an appreciable adoption decay, showing large declines from highs of 57 and 7% in adoption for at least 2 years for treatment and control, respectively, to 12% in the treatment group and practically zero in the control when we condition full CA adoption to at least 7 years. This means that fewer farmers adopted CA for a longer period and suggests some dis-adoption over time even in sentinel sites. The key adoption enablers in the sentinel sites include the availability of training, dedicated longer-term extension support coupled with farmer experiential learning through demonstration plots managed by host farmers. Based on our findings, there is need to consistently promote CA using farmer-centric approaches that include peer-to-peer learning over long periods. This allows farmers time to experiment with different CA options, enable behavioral and lasting change. At policy level, there is need to build and strengthen farmer groups to facilitate easier access to inputs like leguminous crop seeds for farmers practicing CA and to offer market-smart incentives to induce initial adoption in the short term to facilitate sustained adoption.

REVISÃO INTEGRATIVA ACERCA DAS ATIVIDADES EDUCATIVAS PARA A FORMAÇÃO DE CIENTISTAS

ABSTRACT: The training of scientists is a long-term social investment that contributes to society through the construction of knowledge that can be applied to urgent societal issues. Training scientists requires the mobilization of various chains of social actors. Nevertheless, scientific literature presents numerous reports of experiences from around the world at different institutions that contribute to the development and discussion of scientist training. This study aims to identify and understand the main strategies adopted for training scientists found in the scientific literature. An integrative literature review was conducted between 2003 and 2022, focusing on scientist training, in order to identify and understand the reported experiences of scientist formation. As a result, experiences of interdisciplinary training, methodological capacity-building, internationalization of training, educational management activities, and the incorporation of scientific dissemination into the curriculum are identified as beneficial training practices for aspiring scientists.

A long-term optimal consumption and investment problem with partial information

A long-term optimal consumption and investment problem with partial information

FORMATION OF AN ASSESSMENT OF SOCIAL RESPONSIBILITY OF BUSINESS

Corporate social responsibility (CSR), or business social responsibility, is the enterprise's commitment to responsible practices regarding its products and services, employees, consumers, and partners. The social stance of a company, which emphasizes harmonious coexistence and dialogue with society to address pressing social issues, has only fully developed in the last few decades. Social responsibility should be a discretionary requirement for modern businesses. Unfortunately, in the domestic business environment, CSR does not yet hold a prominent place. This is characterized by a high level of shadow operations. However, in recent years, certain evolutionary processes have been observed in the Ukrainian business environment, which are associated with the general approaches to implementing CSR. CSR has become more systematic. The implementation of CSR can enhance profitability, improve a company's image, reduce costs, and boost employee morale. The promotion of CSR can be facilitated by the use of new technologies, the creation of new types of products, and innovative activities. Consequently, a company’s profits are generated through cost reduction, the formation of new markets for goods or services. This is the path chosen by developed companies, resulting in a higher level of CSR. However, this approach is quite risky for Ukrainian enterprises and requires long-term financial investments. A set of specific CSR principles can be proposed, the implementation of which should align with a system of general principles: transparency, systematicity, relevance, and partnership. A company has the right to call itself socially responsible when it operates according to these principles.

Financial controlling of securities transactions in the aspect of taxation

The article comprehensively analyzes the theoretical foundations and practical aspects of financial controlling of transactions with securities in view of the peculiarities of their taxation. Possibilities of improving controlling to increase the efficiency of securities management at enterprises are considered. The essence and functions of financial controlling in the financial management system of modern enterprises are analyzed in detail. thus, such key functions as strategic planning of financial activities, budgeting and financial planning, internal consulting and auditing, constant control and analysis of financial indicators for the presence and nature of deviations are defined. The article presents the classification of securities and describes the stages of financial control of operations with them. such as strategic planning of the optimal investment portfolio, budgeting of investment volumes in various instruments, adjustment of the accounting and reporting system for operations, as well as optimization of their taxation. A detailed procedure for the analysis of tax transactions with securities in Ukraine has been carried out. which determined the rates of income tax and military levy, the procedure for calculating investment income. Particular attention is paid to the possibilities of tax optimization by using the benefits provided by the law for long-term investments or carrying out operations through offshore jurisdictions with a favorable regime. It is important that the enterprise fully complies with both the legislation of Ukraine, which includes operations, and the legislation of those countries in which placement, purchase or sale of securities takes place. A detailed analysis of tax regulation in Ukraine, including tax rates and opportunities for tax optimization, makes the article a crucial source of information for enterprises engaged in operations with securities. It is noted that financial controlling is a key tool in managing such operations, and the examination of taxation specifics unveils opportunities for tax burden optimization and overall enhancement of financial management efficiency for businesses. It is shown that financial controlling is the main tool for managing transactions with securities, and the analysis of the peculiarities of their taxation provides opportunities for optimizing the tax burden and increasing the overall efficiency of the financial management system of enterprises.

Investigating scope of Premium domains parking in promotion of NFT

Premium domains offer significant potential in promoting NFTs by providing a unique and memorable identity for projects within the rapidly evolving digital art and collectibles market. These domains not only convey exclusivity and value but also establish trust and credibility among potential collectors and investors. By choosing a premium domain, NFT projects can strategically position themselves within the market, signaling their niche, theme, or target audience. Moreover, premium domains facilitate global reach, enabling projects to attract a diverse audience of enthusiasts from around the world. Beyond their immediate branding impact, premium domains represent a long-term investment in the project's growth and sustainability, with the potential to appreciate in value over time. Leveraging these domains effectively can simplify marketing efforts, foster community engagement, and ultimately drive success in the competitive landscape of NFTs.

Impact of profitability on investment opportunities and its effect on profit sustainability

This study aimed to clarify the relationship between profitability, investment opportunities, and sustainable profits for industrial companies listed on the Amman Stock Exchange. The population consisted of all 53 industrial companies on the Exchange in 2022. Financial data was obtained for the period 2018-2022, including metrics on investment opportunities and profitability. Using statistical analysis like regression testing, we assessed the data to test hypotheses and reveal insights. Existing research presents mixed findings; some studies suggest a positive link between investment chances and financial performance and profit durability, while others make the opposite claim. Our results contribute uniquely to this ongoing debate by providing statistical evidence that investment opportunities have a robust, positive impact on profit sustainability. Additionally, profitability strongly influences both investment opportunity indicators and profit sustainability for these industrial companies. These conclusions assist stakeholders in justifying financial acquisitions and allocating capital to potential investments. The findings also aid in shaping short and long-term investment approaches aligned with company goals and policies. This can increase value creation for shareholders by enhancing profitability and sustaining profits over time. In summary, by quantitatively demonstrating the interconnected nature of profitability, investment opportunities and durable profits, this study equips decision makers to make informed strategic choices that promote growth and sustainability. The analysis methods and results add valuable insights to academic and practical understanding of these relationships within Jordan's industrial sector.

СТРАТЕГІЧНІ НАПРЯМИ СІЛЬСЬКОГО РОЗВИТКУ В УМОВАХ СТАНОВЛЕННЯ «AGRICULTURE 5.0»

The statistics have examined the problems of forming strategic directions of agricultural development in the minds of the formation of “Agriculture 4.0” and its transformation in “Agriculture 5.0” It is stated that when formulating strategic directions for the development of agricultural enterprises, it is important to highlight the specifics of agricultural production, noting that supply chains in the agricultural state are the flow of products, knowing and information and the involved parties (producers and producers) at the skin stage of production processes, marketing and production. The emphasis is placed on the fact that when forming strategic directions, the development of agro-business is necessary to ensure the influx of agricultural production into the country and the development of rural territories. It is clear that in the agricultural economy of Ukraine there are problems arising from the emergence of differences in size, economic efficiency, innovative readiness and capabilities of economical entities tiv, which will require importance on the national level of strategic directions of agricultural development for the promotion of the current state and the “Agriculture 5.0”. The emphasis is placed on the lack of directness of “Agriculture 4.0” (“Industry 4.0”) in addressing environmental and social problems in the context of the implementation of the goals of the current development. Obviously, the particularities of the agricultural business in Ukraine have been brought to the attention of the need to implement a strategy for the development of farming states as the basis for food security and a rural-saving model of state rule. Meta-research – focusing on strategic directions in the development of farming dominions in the context of the security of minds and the formation of “Agriculture 5.0”. Based on the conducted survey, it was explained that the problem for small agricultural business entities is the lack of knowledge among management and government officials about the directions of innovative strategic development and the presence of a consistent level of digital maturity. The emphasis is placed on the fact that small agricultural enterprises do not have a long-term strategy, which is not suitable for long-term investments, and, consequently, the formation of innovative investment potential lu is problematic for them. It has been proven that promising strategic directions include the development of farmer states in combination with healthcare services, the formation and implementation of a digital strategy and the development of cooperation.

Given-data probabilistic fatigue assessment for offshore wind turbines using Bayesian quadrature

Abstract Offshore wind turbines intend to take a rapidly growing share in the electric mix. The design, installation, and exploitation of these industrial assets are regulated by international standards, providing generic guidelines. Constantly, new projects reach unexploited wind resources, pushing back installation limits. Therefore, turbines are increasingly subject to uncertain environmental conditions, making long-term investment decisions riskier (at the design or end-of-life stage). Fortunately, numerical models of wind turbines enable to perform accurate multi-physics simulations of such systems when interacting with their environment. The challenge is then to propagate the input environmental uncertainties through these models and to analyze the distribution of output variables of interest. Since each call of such a numerical model can be costly, the estimation of statistical output quantities of interest (e.g., the mean value, the variance) has to be done with a restricted number of simulations. To do so, the present paper uses the kernel herding method as a sampling technique to perform Bayesian quadrature and estimate the fatigue damage. It is known from the literature that this method guarantees fast and accurate convergence together with providing relevant properties regarding subsampling and parallelization. Here, one numerically strengthens this fact by applying it to a real use case of an offshore wind turbine operating in Teesside, UK. Numerical comparison with crude and quasi-Monte Carlo sampling demonstrates the benefits one can expect from such a method. Finally, a new Python package has been developed and documented to provide quick open access to this uncertainty propagation method.

ФОРМИРОВАНИЕ ИНВЕСТИЦИОННОГО ПРОЕКТА И ОЦЕНКА ФИНАНСОВОГО СОСТОЯНИЯ ЕГО КОНТРАГЕНТОВ

The article is devoted to the problems arising at the stage of formation of long-term investment projects and assessment of the financial condition of its potential counterparties, carried out in order to ensure the economic security of the project and the transaction. The article reveals the tasks of drafting an investment project, describes an approach to the selection of its participants, justifies the need to apply an analysis of the financial condition of potential participants in an investment project at the pre-selection stage, suggests an analytical methodology capable of conducting such an analysis based on opensource material, confirms its necessity in assessing the economic security of an investment project. Of course, the issue of ensuring the economic security of investment projects requires a broader approach, which is also noted in the article. The authors of the article focus on what is happening in the global economic

COHORT ANALYSIS OF SAVINGS AND INVESTMENT STRATEGIES AMONG WORKING WOMEN IN AHMEDABAD CITY

This study aims to analyze the saving and investment patterns of working women in Ahmedabad city, Gujarat. The research objectives include studying the concept of saving and investment patterns and analyzing the attitudes of working women towards their saving and investment patterns. A sample size of 250 working women based in Ahmedabad was interviewed for this study. The study utilized a mixed-methods approach, which included both quantitative and qualitative data analysis. The findings of this study reveal that working women in Ahmedabad exhibit positive saving and investment patterns. Many of the participants diversify their investments across different avenues to reduce risk and take a data-driven approach to make investment decisions. The study also found that working women in Ahmedabad are resilient and can adapt easily when things go wrong financially. Furthermore, the study found that working women in Ahmedabad have a long-term investment perspective and are willing to tolerate losses in their investment value to seek higher returns. Additionally, the participants showed a positive attitude towards savings and investment and believed that investing is crucial for achieving financial stability and independence.

Аналіз стану недержавного пенсійного страхування в Україні

This article is devoted to the study of non-State pension insurance in Ukraine. With the use of system and synergetic approaches, as well as methods: analysis and synthesis, balance, graphic, induction and deduction, monographic, comparative, statistical, tabular and content analysis, a study was carried out in order to assess the status of non-State pension insurance in Ukraine and to disclose its features and priorities for further development at the present stage of implementation of pension reform. The list of financial institutions involved in the implementation of the mechanism of non-State pension insurance has been determined, and the system of their relations has been disclosed. The features of the activities and responsibilities of the main subjects of non-State pension insurance are highlighted, the basic indicators of the functioning of non-State pension funds are analyzed. It is found that non-State pension insurance has not been able to attract a significant number of participants, and the investment financial instruments available in Ukraine severely limit the possibility of diversifying risks and obtaining investment income higher than inflation. It is determined that one of the important directions of development of non-State pension insurance is to promote the involvement of more banking institutions and insurance companies in this area, as well as to create favorable legislative and tax conditions for their effective interaction within the entire system of non-State pension provision. At this, the authors believe that non-State pension insurance is really able to minimize the negative impact of harmful demographic and other risks associated with the deterioration of the general economic situation in Ukraine in the conditions of the war unleashed by Russia, and become a prerequisite for maintaining a decent standard of living for citizens upon reaching retirement age and a source of long-term investment resources that are necessary for the economic development of our country.