The relevance of implementing a transparency standart in the field of geology and subsoil of Ukraine
Zhikalyak M.,
Doctor of Economics Sciences, Doctor of Philosophy in Geology, general director,
ORCID https://orcid.org/0009-0000-1704-4171
e-mail: dongeo@ukr.net
DRGP “Donetskgeologiya”, Bakhmut – Kiev
Citation Format
Zhikalyak, M. (2026). The relevance of implementing a transparency standart in the field of geology and subsoil of Ukraine. Vіsnyk ekonomіchnoі nauky Ukraіny, 1(50), 243-251. https://doi.org/10.37405/3041-1629.2026.1(50).243-251
Language
Ukrainian
Resume
The article states that the relevance of implementing the Transparency Standard in the Geology and Subsoil of Ukraine (the PGDN Standard) is due to the positive experience of the operation of the Extractive Industries Transparency Initiative Standard (EITI Standard) since 2013 and systemic problems in the activities of the State Service for Geology and Subsoil of Ukraine regarding the sustainable development of the domestic mineral and raw material base, the organization of geological, geophysical, hydrogeological, engineering-geological and ecological-geological studies of subsoil, the search and exploration of critical and strategic minerals. This will also ensure the formation of competitive Ukrainian SMEs and reliable interactive information about mineral deposits, which will meet technological standards, technical and economic requirements of investors and the conditions of environmentally friendly rental subsoil use.
The implementation of the PGDN Standard will ensure the improvement of state policy, regulatory and legal framework in the field of geological study and use of subsoil according to economically balanced factors, taking into account the market conditions of mineral raw materials, the extraction value of mineral deposits in the subsoil, comprehensive technological research and competent examination and assessment of mineral reserves.The effective development of subsoil use in Ukraine will also be facilitated by improving the system of rent taxation of mineral extraction depending on the amount of mining rent and royalty and using the cost of extracted mineral raw materials as the tax base, excluding the costs of supplying them to the consumer.
Keywords
transparency, standard, geological activity, subsoil use.
Referensces
- Amosha, O., Zhykaliak, M., & Kvilinskyi, O. (2018). Conceptual directions for improving the mechanism of reforming the geological sector and the use of minerals in Ukraine. In O. I. Amosha, H. Dzwigol, & R. Miskiewicz (Eds.). Innovative industrial enterprise in shaping sustainable development (pp. 7–31). NAN Ukrainy, lnstitute of lndustrial Economics [in Ukrainian].
- Zhykaliak, N. V. (2013). Gosudarstvennoe regulirovanie rentnykh otnoshenii v gornoi promyshlennosti Ukrainy: monografiia. NAN Ukrainy, lnstitute of lndustrial Economics [in Russian].
- Raik, M. (2007). Economic and technical aspects of the development of the mining industry in 10 new EU countries. Gliukauf, 7, 40–46 [in Russian].
Full Text (.pdf)
Received: 10.04.2026
Accepted: 12.05.2026
Published: 29.05.2026