Institute

	Institute for Economics and Forecasting,
	Ukrainian National Academy of Sciences

State Institution “Institute for Economics and Forecasting, Ukrainian National Academy of Sciences” in accordance with the Decree of the Presidium of Ukrainian NAS of 06.07.2005 is the legal successor of the Institute for Economic Forecasting, Ukrainian NAS created in accordance with the Decree of the Cabinet of Ministers of Ukraine of 19.07.1997 № 772 "On the creation of the Institute for Economic Forecasting, Ukrainian National Academy of Sciences" and the Decree of the Presidium of Ukrainian National Academy of Sciences of 05.09.1997 № 298 with the aim to ensure the elaboration of strategic forecasts and programs of Ukraine’s socio-economic development.

The Head of the Institute is Academician of Ukrainian NAS Valeriy Heyets.

The Institute’s field of research is determined by properly approved guidelines, corresponding research programs and project execution plans. The Institute’s main task is conducting fundamental and applied research aimed at elaborating guidelines and methods of the developments of the economic system, and developing strategic forecasts and programs of Ukraine’s economic development.

Presently, the Institute has fifteen research departments.

The Institute is conducting research on the following lines: economic theory; modeling economic development; economic growth and economic restructuring; financial and monetary regulation; development and regulation of financial markets; technological forecasting and innovative policy; modeling and short-term forecasting; sectoral forecasts and analysis of market conjuncture; competition policy and forecasting industrial potential; economics and policy of agrarian reforms; forms and methods of economic management in the agro-industrial complex; monitoring-based research on socio-economic transformations of Ukraine’s society; socio-economic problems of labor; and economic history.

The Institute has been actively cooperating with Ukraine’s Government, Supreme Rada of Ukraine; Secretariat of the President of Ukraine, Ukraine’s Ministry of Economy, Ministry of Finance, State Committee of Statistics, Ministry of Education and Science, and National Bank of Ukraine. The Institute’s researchers are engaged in the development and expertise of legal and normative documents, which are prepared by the above mentioned bodies.

The Institute’s researchers realize the results of their investigations by providing advise for corresponding government bodies and agencies, as well as be publishing monographs, research papers, analytical materials, advisory notes, mass media publications, participation in seminars, conferences, and symposiums. The Institute is founder of the scientific analytical journal "Economics and forecasting", scientific and practical journal "Bulletin of the Institute for Economic Forecasting" and co-founder of the scientific and theoretical journal "Economic Theory", which is published separately in Ukrainian and in Russian; Scientific journal "Ukrainian Socium". All the above mentioned publications are in the list of professional publications of Ukraine’s High Attestation Commission.

The Institute, on a regular basis, holds conferences and round tables on urgent issues of economic policy and the prospects of Ukraine’s economic development, in which actively participate the members of the Government, deputies of Ukraine’s Supreme Rada, representatives of the National Bank of Ukraine and various Ukrainian commercial banks, the World Bank, and the International Monetary Fund, as well as well-known scholars, and leading specialists of academic and sectoral science and Ukrainian high school professors.

Long-term research ties unite the Institute with the International UN LINK Project (New York, USA) and independent expert group "Consensus Economics Inc." (London, Great Britain). In particular, the Forecasts of Economic Development of Individual Countries and Regions, which are twice a year prepared by the LINK Project, regularly include the Institute’s forecast calculations of the prospects of Ukraine’s economic development for the next 5-8 years, and bi-mensual Eastern Europe Consensus Forecasts by "Consensus Economics Inc." – the Institute’s forecast calculations for the next 2 years.

The Institute for Economic and Forecasting, Ukrainian NAS is headed by Valeriy Heyets – Academician of Ukrainian NAS, Doctor of Economic Sciences, Honored Man in Science and Technology of Ukraine (2002), Winner of Ukraine’s State Prize (2002), awarded III Class Order "For Public Service" (2004). Since 1997 Valeriy Heyets has been Director of the Institute; and since 1998 – Secretary Academician of the Economics Department in Ukrainian NAS.

Valeriy Heyets is an outstanding economist, who has initiated and is developing a scientific school in macroeconomics (theory and models of economic forecasting) and finance (financial security, budget and debt policies, taxation and taxation-based encouragement of economic development). He has justified long-term strategy of Ukraine’s economic development, which coordinates and harmonizes target reference points of stable economic growth, increase in the quality of life, institutional reforms, innovative and investment-based economic modernization, structural and technological renewal and Ukraine’s integration, on that basis and on competitive principles, to the global economy; Valeriy Heyets provided a detailed determination of the contents of state policy as regards ways, sources and mechanisms of the provision of the innovative model of Ukraine’s economic development. He put forward a new concept of economic growth under the conditions of instability. Presently, Academician Heyets’ scientific interests focus on the solution of the problem of the interaction between society, state and business as regards creation of efficient mechanisms of their influence on further capitalization of Ukraine’s economy and provision of its self-sufficiency as a subject of international activities.

As a member of official delegations, Academician Valeriy Heyets, represents Ukrainian economic thoughts abroad, in particular, since 1991 he has been Ukrainian Representative at International Meetings of UN LINK Project.

Tel +38 044 280-12-34

Fax +38 044 280-88-69

E-mail: gvm@ief.org.ua skr@ief.org.ua

26, Panasa Myrnoho St., Kyiv, 01001, Ukraine