food crisis, potential supplies, competitiveness of a country, agro-industrial complex, agriculture, European integration, sustainable bioeconomy strategy, biomass


In modern conditions of the development of the agro-industrial complex of agriculture, the introduction of bioeconomy on a scientific basis is of particular importance. Overcoming global modern challenges: economic, ecological and social problems, including the food crisis, is impossible without a clear understanding of the development of the bioeconomy. The bioeconomy will contribute to sustainable development in order to ensure the long-term competitiveness of agriculture and forestry, food and chemical industries, as well as to mitigate climate change and greenhouse gas emissions. Due to the implementation of the bioeconomy, the following global problems can be solved: food shortages associated with population growth; depletion of mineral resources; environmental pollution and social aspects. Ukraine has a huge raw material potential for the development of the bioeconomy, while not reducing the level of food production. That is, today Ukraine not only provides itself with a sufficient amount of food products, but also exports a part of agricultural products; possesses a significant natural-economic, scientific and production potential for increasing the volume of production of agricultural products by improving the culture of agriculture, mastering innovative technologies. The article analyzes the development of bioeconomic strategies in the European Union based on their general characteristics. The analysis is based on 349 identified regional bioeconomic strategies (published and under development). It covers three categories of strategies according to the focus of the bioeconomy, i.e., specialized strategies, strategies with a strong bioeconomy focus, and strategies with minimal bioeconomy content. The state of the bioeconomy in Ukraine was analyzed and recommendations were offered for their structuring in accordance with the codes of Classification of Economic Activities by types of economic activity. Conclusions are made regarding the role of bioeconomy in the post-war revival of Ukraine.


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Author Biographies

Oleksandra Olshanska, Kyiv National University of Technologies and Design

Doctor of Sciences (Economics), Professor, Professor of the Department of Smart Economics, Kyiv National University of Technologies and Design, Kyiv, Ukraine

Svitlana Bebko, Kyiv National University of Technologies and Design

PhD in Economics, Associate Professor, Associate Professor of the Department of Smart Economics, Kyiv National University of Technologies and Design, Kyiv, Ukraine

Olena Budiakova, Kyiv National University of Technologies and Design

PhD in Economics, Associate Professor of the Department of Smart Economics, Kyiv National University of Technologies and Design Kyiv, Ukraine


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How to Cite

Olshanska, O., Bebko, S., & Budiakova, O. (2022). SOLVING THE FOOD CRISIS IN THE CONTEXT OF DEVELOPING THE BIOECONOMY OF THE AGRO-INDUSTRIAL COMPLEX OF UKRAINE . Economics, Finance and Management Review, (4), 18–32.



Chapter 1. Current trends in economic development