OPERATIONS OF THE UKRAINIAN ENERGY MARKET IN TERMS OF ACCESSING FOREIGN MARKETS – WAYS OF IMPROVEMENT

Abstract

Socio-economic stability of any society, quality assurance and improvement of life of its population largely depend on the reliability and efficiency of the country's energy market. Ukraine's energy sector has sufficient electricity and a well-developed network to supply electricity to consumers, but the current significant problems are due to outdated technologies, depreciation of fixed assets, imperfect management, non-transparent legal framework and others leading to a crisis. Thus, the urgent issue of reforming the energy market of Ukraine in order to create a full and competitive environment, incentives for investment, improvement of financial and economic indicators is particularly relevant. An important aspect in this regard is also to determine the prospects of the Ukrainian energy market.

The purpose of the article is to develop ways to improve the operations of the Ukrainian energy market in terms of entering foreign markets. The author used the methods of static and logical comparison, systematization and generalization, which made it possible to achieve the goal of the study.

To achieve the goal set in the article, ways to improve the activities of the energy market of Ukraine in terms of access to foreign markets were developed. The article studies and systematizes the basic requirements for the production, transportation and consumption of products of the energy market of Ukraine in accordance with international standards.