The First International Financial Forum "Modern Finance: Global Challenges and Modern Trends" has started at WUNU
The First International Financial Forum "Modern Finance: Global Challenges and Current Trends" has started at West Ukrainian National University.
The scientific event brought together a wide range of Ukrainian and foreign experts, government officials, representatives of the academic community, and more than a hundred participants from Ukraine and many other countries: Germany, the Netherlands, Poland, Austria, Latvia, the United Kingdom and Switzerland. Involvement of foreign experts helps to broaden our horizons and discuss issues from different perspectives.
The forum was organised by the S. I. Yuriy Department of Finance of WUNU in cooperation with the Academy of Financial Management of the Ministry of Finance of Ukraine and the Ukrainian-American Association of College Educators.
The main premise of the First International Financial Forum is that it is impossible to achieve financial stability and perfect balance of financial instruments in society.
Therefore, the task of the scientific community and practitioners is to continually search for scientific substantiation of new dimensions for the development of the financial system in order to ensure safe and efficient use of finance as an attribute of state-building at every stage of socio-economic development.
The main goal and mission of the First International Financial Forum is to share the experience and opinions of representatives of the scientific community and practitioners in addressing the current problems of transforming the financial space in the face of global challenges and threats.
Andriy Krysovatyy, Doctor of Economics, Professor, Chairman of the Academic Council of WUNU, Head of the S. I. Yuriy Department of Finance, moderated the Forum. The session began with welcoming remarks.
Oksana Desyatnyuk, Rector of West Ukrainian National University, addressed the audience:
"We are pleased to welcome leading Ukrainian economists, renowned scholars, practitioners, and stakeholders to West Ukrainian National University to discuss the challenges and trends of modern finance. The modern finance world is currently facing a wide variety of challenges and opportunities that require us not only to adapt but also to think innovatively. Today's modern finance covers a wide range of topics, from economic instability to rapid changes in the technological landscape, which inspires us to find new approaches and solutions. I wish all the participants fruitful work: interesting discussions, constructive dialogues, innovative solutions and cooperation for victory!"
Viktor Pynzenyk, Minister of Economy (1992-1993), Minister of Finance (2005-2006, 2007-2009), Vice Prime Minister of several governments of Ukraine, Member of Parliament of Ukraine of seven convocations, addressed the scientists as the keynote speaker of the forum: "I am proud to be hold the title of Doctor Honoris Causa of West Ukrainian National University. I am glad to have joined the scientific community at the First International Financial Forum, because I believe that only by working together we can contribute to the stable economic growth of our country."
Tetiana Yefymenko, a well-known financier, Doctor of Economics, Professor, Academician of the National Academy of Sciences of Ukraine, President of the Academy of Financial Management, took part in the scientific event and, welcoming her colleagues, said: "Our main task today is to strengthen the state and our own civilisational identity, to ensure the protection of Ukraine's national interests under martial law. Therefore, it is important to take into account the opinions of practitioners involved in business transformation, so that in combination with the latest achievements in intellectual fields, we can introduce new approaches to crisis management."
"The best European practices are a benchmark for Ukraine to further develop and improve the system of internal state financial control and the Public Finance Management Strategy in general," said Denys Uliutin, First Deputy Minister of Finance of Ukraine, who joined the dialogue.
The First International Financial Forum continued with the discussion platforms. The first platform focused on the Challenges and Threats to Public Finance in Ukraine. The second discussion platform revolved around Business Finance and the Asymmetries of Modern Financial Technologies.
The reports of the economists were extremely interesting and covered a wide range of issues. They discussed innovative vectors of development of financial science and practice, modern security and globalisation trends in financial policy in Ukraine and abroad, challenges caused by the full-scale invasion and granting Ukraine the status of a candidate for membership in the European Union.
New vectors of discussion and 3 more days of fruitful work of the forum are ahead.
We wish the scientists multifaceted discussions, progressive ideas for advancement, stable economic growth and victory for Ukraine.
