State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period
In the article, a theoretical study of the legislative framework, and various strategic directions in the field of agricultural policy, based on bioeconomics, is carried out. The world crises of recent years, the negative consequences of COVID-19 and the war in Ukraine in terms of the state of food...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Sciendo
2023-06-01
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| Series: | Visegrad Journal on Bioeconomy and Sustainable Development |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/vjbsd-2023-0006 |
| _version_ | 1797800806571835392 |
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| author | Belinska Stefaniia Bielik Peter Belinska Yanina Turčeková Natália Adamičková Izabela |
| author_facet | Belinska Stefaniia Bielik Peter Belinska Yanina Turčeková Natália Adamičková Izabela |
| author_sort | Belinska Stefaniia |
| collection | DOAJ |
| description | In the article, a theoretical study of the legislative framework, and various strategic directions in the field of agricultural policy, based on bioeconomics, is carried out. The world crises of recent years, the negative consequences of COVID-19 and the war in Ukraine in terms of the state of food markets have clearly demonstrated the importance of state support for the agricultural sector. The negative impact on the agricultural sector was manifested in price dynamics. The COVID-19 pandemic has led to fluctuations in food prices. However, after the first shock, prices jumped sharply between May 2020 and May 2021 as restrictions on the supply of food products were introduced. The market fundamentals of supply and demand, as well as the dynamics of the exchange rate, determine the evolution of world prices. In 2022, the increase in prices for agricultural products reflects several problems that have arisen at the current stage of world development in connection with the war in Ukraine. Violation of export deliveries from Ukraine led to a fluctuation of prices, and the rise in the cost of fuel and fertilizers serves as additional factors for rising food prices. The rebalancing of the markets continues throughout 2023 and possibly will continue in 2024. To overcome the negative phenomena in the agricultural sector, it is necessary to strengthen state support and revise approaches to financing the “green economy“ as part of the agrarian policy reform. The article aims to analyse the plans for state financial support for the green direction of the development of the agrarian sphere in the EU countries and Slovakia. |
| first_indexed | 2024-03-13T04:40:48Z |
| format | Article |
| id | doaj.art-dd034d7b253d4c2187b46f4fbd854f0f |
| institution | Directory Open Access Journal |
| issn | 1339-3367 |
| language | English |
| last_indexed | 2024-03-13T04:40:48Z |
| publishDate | 2023-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Visegrad Journal on Bioeconomy and Sustainable Development |
| spelling | doaj.art-dd034d7b253d4c2187b46f4fbd854f0f2023-06-19T05:55:32ZengSciendoVisegrad Journal on Bioeconomy and Sustainable Development1339-33672023-06-01121273210.2478/vjbsd-2023-0006State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis PeriodBelinska Stefaniia0Bielik Peter1Belinska Yanina2Turčeková Natália3Adamičková Izabela41Slovak University of Agriculture in Nitra, Slovakia1Slovak University of Agriculture in Nitra, Slovakia2State Tax University, Ukraine1Slovak University of Agriculture in Nitra, Slovakia1Slovak University of Agriculture in Nitra, SlovakiaIn the article, a theoretical study of the legislative framework, and various strategic directions in the field of agricultural policy, based on bioeconomics, is carried out. The world crises of recent years, the negative consequences of COVID-19 and the war in Ukraine in terms of the state of food markets have clearly demonstrated the importance of state support for the agricultural sector. The negative impact on the agricultural sector was manifested in price dynamics. The COVID-19 pandemic has led to fluctuations in food prices. However, after the first shock, prices jumped sharply between May 2020 and May 2021 as restrictions on the supply of food products were introduced. The market fundamentals of supply and demand, as well as the dynamics of the exchange rate, determine the evolution of world prices. In 2022, the increase in prices for agricultural products reflects several problems that have arisen at the current stage of world development in connection with the war in Ukraine. Violation of export deliveries from Ukraine led to a fluctuation of prices, and the rise in the cost of fuel and fertilizers serves as additional factors for rising food prices. The rebalancing of the markets continues throughout 2023 and possibly will continue in 2024. To overcome the negative phenomena in the agricultural sector, it is necessary to strengthen state support and revise approaches to financing the “green economy“ as part of the agrarian policy reform. The article aims to analyse the plans for state financial support for the green direction of the development of the agrarian sphere in the EU countries and Slovakia.https://doi.org/10.2478/vjbsd-2023-0006agrarian spherebioeconomycommon agricultural policygreen economyfinancial state support |
| spellingShingle | Belinska Stefaniia Bielik Peter Belinska Yanina Turčeková Natália Adamičková Izabela State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period Visegrad Journal on Bioeconomy and Sustainable Development agrarian sphere bioeconomy common agricultural policy green economy financial state support |
| title | State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period |
| title_full | State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period |
| title_fullStr | State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period |
| title_full_unstemmed | State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period |
| title_short | State Financial Support for the Green Bioeconomy Vector of Development of the Agricultural Sector of the EU and Slovakia in the Half-Crisis Period |
| title_sort | state financial support for the green bioeconomy vector of development of the agricultural sector of the eu and slovakia in the half crisis period |
| topic | agrarian sphere bioeconomy common agricultural policy green economy financial state support |
| url | https://doi.org/10.2478/vjbsd-2023-0006 |
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