Joint work of SumDU and IADT specialists on the development of modern technologies for organization of the educational process

Delegation from the Institute of Art, Design and Technology (Ireland) represented by David Quin, Prof. of the Department of Film and Media, Erasmus+ coordinator, David Doyle, coordinator of the Student Academic Affairs Department and Patrick Moffat, senior technical specialist of the Information Services Department visited Sumy State University on 23-27 June, 2019.

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SumDU students – the champions of the European Games 2019 in field-and-track relay

On June 23rd the first field-and-track starts took place at European Games in Minsk. Two students of the Medical Institute of SumDU (major “Sport”) ran the mixed pursuit relay (800m-600m-400m-200m).

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SumDU student – prize winner of the Europe Junior Judo Cup

On June 22nd-23rd Hungarian city of Paks hosted the Europe Junior Judo Cup. Medical Institute student Anastasiia Antipina won the bronze award in the weight category up to 63 kg. Anastasiia started her tournament by defeating the sportswoman from the Netherlands in the first tour, but in the next fight in extra time she lost to Hungarian Lara Cvjetko.

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Sumy State University – in TOP-5 of the best HEIs of Ukraine according to the QS World University Rankings 2020

On June 19th the new QS World University Rankings results for 2019/20 were published. Sumy State University has strengthened its position entering the TOP-5 of the best higher education institutions of Ukraine and moved up to a category 701-750 in a world ranking.

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Balatskyi Academic and Research Institute of Finance, Economics and Management of SSU is a leader of education in Economics, Management and Administration around our region. It has a quarter-century experience. The fact of quality and traditions of economic education shows that the Institute is one of the oldest economic schools in Sumy region, as well as a provider of personnel for enterprises, establishments and educational institutions.

Balatskyi Academic and Research Institute of Finance, Economics and Management was founded in May, 1991 as a Faculty of Economics, later as a Faculty of Economics and Management. In 2015, Faculty was reorganized into Balatskyi Academic and Research Institute of Finance, Economics and Management.

Nowadays, the Institute has more than 120 lecturers. Most of them are PhDs. Also, there are 20 Doctors of Science and Professors. Nowadays, the Institute is headed by its graduate Tetyana Vasylyeva, Doctor of Economics, Professor.

The Institute provides an opportunity for its students to learn subjects with the international professors. Especially, the Professor of London School of Economics and Politics – one of the 3 leading economic HEIs in the world – the Professor of the University New Brunswick (Canada), the Professor of Technical and Humanitarian Academy (Poland), as well as other Professors and Associate Professors from the USA, Belgium, Canada, Israel, Poland, Bulgaria and the Czech Republic have been working at the Institute.

Balatskyi Academic and Scientific Institute of Finance, Economics and Management presents:

• 8 undergraduate programmes;
• 11 postgraduate programmes;
• 11 PhD programmes.
• 5 Departments:

Economics, Entrepreneurship and Business Administration
Head: Leonid Hryhoriiovych Melnyk
Economic Theory
Head: Viktoriya Shkola
Marketing and Management of Innovative Activity
Head: Serhii Illiashenko
Head: Oleksandr Telizhenko
Finance and Entrepreneurship 
Head: Volodymyr Boronos


Balatskyi Academic and Scientific Institute of Finance, Economics and Management actively participates in the international educational grant and exchange programmes: Erasmus+, Baltic University Programme, Fulbright Programme, DAAD, ITEC and others.

Institute actively implements own programmes of the academic mobility:

  1. “Double degree” jointly with the University of Economics and Humanities (Bielsko-Biala, Poland).
  2. Scholarship programme “Parallel studying”, Master’s Degree programme jointly with Tianjin Technological University (Tianjin, People’s Republic of China).
  3. “Short-term studying/training” jointly with the Technical and Humanitarian Academy (Bielsko-Biala, Polish Republic).
  4. “Short-term studying /training” jointly with the University “Prof. D-r Asen Zlatarov” (Varna, Bulgaria).
  5. “Practice training” jointly with SITA Starol Sp.zo.o. (Chorzow, Polish Republic).

Current Projects:

  • Educational grant from Switzerland National Scientific Fund (SNF) within the programme of cooperation between Switzerland and Western European Countries SCOPES IZ74Z0_160564 “Increase of the energetic security through Switzerland-Ukrainian-Estonian institutional partnership”, which is realized by consortium, which included Institute of Economics and Environment St Gallen University (Switzerland), Faculty of Economics and Business-Administration University of Tartu, Balatskyi Institute FEM Sumy State University.
  • Jean Monnet module 53185-EPP-1-2014-1-UA-EPPJMO-MODULE “Using the best EU practices for sustainable economy forming in Ukraine”
  • Jean Monnet module 573581-EPP-1-2016-1-UAEPPJMO-MODULE on “EU trade opportunities and challenges for Ukraine”
  • Ukrainian-Lithuanian project “Development of institutional and economic basis for sustainable development and green economy forming at regional level”


Institute’s scientific interests comprise problems of the environmental economics and loss indemnity, which are connected with the environmental pollution; theories of the investment and innovative processes management mechanisms; methodologies and methodic to evaluate enterprise economic potential; formation of the territories social and economic development strategies; social and economic problems of the informational society, etc.

Scientific directions:


  • Public management Mechanism for Administrative and Territorial Systems
  • Intellectual Capital
  • International Cooperation in Space
  • Behavioral Economics
  • Corporate Culture and Management of Consumer Capital
  • Internet Channels for Products Promotion
  • Reengineering of Business Processes


  • Investment Potential of the Economy
  • Interaction of the Real and Financial Sectors of the Economy for Social and Macroeconomic Stability
  • Investments, Entrepreneurship and Startups


  • Environmental Marketing
  • Ecological and Economic Security
  • Health Economics
  • Ecological and Economic Problems of Power Supply, Air Emissions Control at the International Level


  • Managing the Enterprises’ Innovative Development
  • Marketing and Management of Innovations
  • Methodology of Innovative Solutions


  • Fundamental basics of Sustainable development and Development of the Information Society
  • The Sustainable Development Theory


  • Renewable Energy
  • Energy Conservation
  • Waste: Recycling, Reuse and Recover Raw Materials

Scientific R&D Labs of Institute

  • Lab of Social and Economic Research at the Department of Management;
  • Lab “AFiNa - Actual Finance Analytics” at the Department of Finance and Entrepreneurship;
  • Lab “Problem Scientific and Research laboratory of Economics of sustainable development and environmentally sound nature use” at the Department of Economics, Entrepreneurship and Business Administration.

6 scientific journals with the international index ISSN are published:

  • SumDU Bulletin: Economics Series;
  • Economic Processes Management;
  • Mechanism of Economics Regulation;
  • Marketing and Management of Innovations;
  • Business Ethics and Leadership ;
  • SocioEconomic Challenges (SEC).

Contact us

Doctor of Economics, Professor Tetyana Vasylyeva
This email address is being protected from spambots. You need JavaScript enabled to view it.
Deputy Director for International Activities
Ph.D., Tetyana Pimonenko
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Contact us

2, Rymskogo-Korsakova st., 40007 Sumy,Ukraine

International Students Office:
Tel/fax: +38 (0542) 33-71-14

International Affairs Office:
Tel/fax: +38 (0542) 33-10-81


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