Challenges in the development of Ukrainian industry

Анотація

The study provides a comparative assessment of changes in the export orientation and innovative activity of industrial enterprises. It also determines the causes and factors behind the decline of the domestic metallurgical industry. A number of protectionist measures aimed at supporting and further developing this segment of the industry are substantiated. The research findings demonstrate that Ukrainian industry is showing positive dynamics in its key performance indicators. Resolving the issues facing the domestic metallurgical industry requires the application of state regulatory mechanisms to ensure a stable foundation for modernizing metallurgical production in line with new environmental standards. To stabilize the metallurgical industry as a strategic segment of the national economy, it is necessary to introduce appropriate protectionist measures in the following areas: restricting exports of raw materials that are strategic for metallurgy, namely ferrous metal scrap; introducing a moratorium on increases in rail transport tariffs or introducing financial compensation for enterprises; postponing the introduction of the Carbon Border Adjustment Mechanism in Ukraine.

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