REVIEW OF MACROECONOMIC OBSTACLES TO ECONOMIC SECURITY AT THE ENTERPRISES OF SPHERE OF RESTAURANT BUSINESS IN UKRAINE

• Main Authors: Nadiya Yurkiv, Olena Borisova
• Format: Article
• Language: English
• Published: Consilium LLC 2016-08-01
• Series: European Cooperation
• Subjects: макроекономічні чинники; економічна безпека підприємств; ресторанний бізнес; система економічної безпеки
• Online Access: http://we.clmconsulting.pl/index.php/we/article/view/185

<p>The paper studies the problem of the influence of macroeconomic factors on the ability to ensure the economic security of the enterprises of sphere of restaurant business. It identifies the main destructive financial factors at the macro level, such as: excessive debt burden, due to the worsening of the foreign exchange and fiscal imbalances, financing of national management needs of the sector; credit receipts delay IMF EFF program (as lending by the Fund is a kind of "quality mark" signals to other lenders and investors about the successful implementation of the reforms and the security of investing in the country) the devaluation of the national currency, was the result of conservation crisis macroeconomic trends, unfavorable foreign conditions and restrictions of the NBU opportunities to offer support in the currency market; negative expectations the bank market participants due to the narrowing of the resource base of banks, reduction in lending and deteriorating credit quality, loss ratio of financial institutions, the growing problem of capitalization of banks, which increases the risk of their insolvency; a significant level of GDP redistribution through the fiscal system in Ukraine (the share of the consolidated budget revenues in GDP in 2015 amounted to 32.9% (against 28.7% in 2014 and 30.2% in 2013), suggesting a strengthening of fiscal pressure on domestic economy in order to achieve a balanced budget, a high level of public deficit (figure exceeded the limit value of 3% of European countries by the Maastricht criteria), the preservation of dependence of local budgets on transfers from the state budget, curbing the development of entrepreneurship as a result of imperfections in the tax administration and controls; critical growth inflation; low quality of public social services, while maintaining a significant part of the social component in the structure of budgetary expenditures, increase in the share of state budget expenditures on servicing the public debt in recent years when covering.</p><p>The chain of their impact on the economic security of the enterprises of sphere of restaurant business: reduced investment and innovation. activity and scientific, technical and technological capacity of enterprises, increasing the mismatch between their assets and liabilities, the growth of financial insolvency, a critical state of fixed assets.</p>