Financial and Economic Stability of Railway Sector in the Context of Globalization and Integration

  • Abstract
  • Keywords
  • References
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  • Abstract

    This paper is dedicated to the study of financial and economic security of the railway sector in the context of globalization and integration through the example of PJSC Ukrzaliznytsia. The study covers theoretical and methodological approaches to identification of criterion for assessment of financial and economic security of the railway sector.

    It provides the proof of the increasing competition, diversity of internal and external risks and uncertainty in conditions of contemporary integration processes. The paper offers the cause-and-effect analysis through the “Tree of Problems”. Key indicators of financial and economic security of the railway enterprises are singled out of the overall system of threats (risks). Each indicator is assessed for impact on the overall value of the Pareto-efficient integral risk and the equation for calculation of the integrated risk value is formulated.

    Findings of the study confirm that monitoring of the existing and potential threats determines the operating and prognostic goals of functioning of the financial and economic security, which allows to formulate the relevant mechanisms and tools for the attainment thereof.



  • Keywords

    Financial and economic security; integrated risk index; level of threats; railway transport.

  • References

      [1] “Eurointegration”, Ministry of Infrastructure of Ukraine, available online:, last visit: 28.05.2018

      [2] “Ukrzaliznytsia”: Reforms cannot be left, Business Censor, available online:, last visit 25.05.2018

      [3] General information about railway transport, National Institute of Strategic Research, available online:, last visit 26.05.2018

      [4] Explanatory note to the consolidated financial plan of PJSC “Ukrzaliznytsia” for 2017, Ministry of Infrastructure of Ukraine, available online:Поясн. до ФП 2017 УЗ.doc

      [5] Directory of key performance indicators of regional branches of PJSC “Ukrainian railway”, PJSC “Ukrainian railway”, available online:Довідник%20основних%20показників%20роботи%20регіональних%20філій%20ПАТ%20«Укрзалізниця»%20за%202006-2016%20роки.pdf

      [6] Dvulit ZP, Economic-ecological management of sustainable development of railway transport enterprises. The dissertation abstract, available online:

      [7] Corruption in "Ukrzaliznytsia": NABU has prepared 4 more suspicions, ZBK, available online:

      [8] Fitch has confirmed the rating level “CCC” of "Ukrzaliznytsia", RBC-Ukraine Agency, available online:




Article ID: 19958
DOI: 10.14419/ijet.v7i4.3.19958

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