PROBLEMS OF FINANCING INNOVATIVE ACTIVITIES IN CHEMICAL INDUSTRY ENTERPRISES

Abstract

Abstract. This article examines the theoretical and practical aspects of improving the financing system of innovative activities in chemical industry enterprises. During the research process, problems related to the financing of innovative activities were analyzed, particularly the insufficient development of the financing system for research and experimental design works, the low demand for innovative products from the private sector, and difficulties associated with the use of credit resources. Furthermore, the importance of tax incentives, accelerated depreciation, and state support mechanisms in promoting innovative activities is highlighted. Advanced international experiences of countries such as China and Japan in the financial support of innovative activities were studied, and proposals and recommendations were developed for their implementation in the practice of chemical industry enterprises in our country. The research findings contribute to the effective organization of innovative activities in chemical industry enterprises, diversification of financing sources, and enhancement of the sector’s competitiveness.