On Monday, December 25, there was IX FEM Cup in paintball.
The tournament was attended by six teams - "Before the first session", "On the line of fire", "Student Council", "Let’s meet on session", "2 hopes" and "Recruits".
A confident victory was celebrated this time by the team of teachers and graduates of the FEM - " Let’s meet on session ", "Student Council" took the second place, "Recruits" were the third.
All teams are presented with certificates by paintball club “CO BARS” and FEM student’s directory. The participants have got a lot of emotions through communication in fresh air and organized field-kitchen, in addition to the game.



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Over the past twenty years AUEL has become a powerful, influential, recognized public organization with a broad-based structure. The League united scientists, deputies from the Verkhovna Rada to the village councils, representatives of local self-government bodies, educators, students, and citizens with active life positions.

The Head of AUEL Tetyana V. Tymochko noted that cooperation with the team of scientists of the Department of Economics and Business Administration on a wide range of issues contributed to the formation and implementation of state environmental policy, public environmental monitoring of environmental legislation compliance; integration of the ecological component into Strategies, Programs and Plans of regional and national development, in particular the Strategy of sustainable development of Ukraine till 2030, which is especially relevant in the context of European integration of Ukraine.

As a proof the Head of AUEL presented the honorary diploma to Prof. Leonid H. Melnyk for the significant contribution to the preservation of the environment and implementation of sustainable development ideas and gratitude to Associate Professor of the Department Viktor V. Sabadash for an active and fruitful research and practical work in the field of environmental protection and environmental safety.

AUEL sent the Rector of Sumy State University Prof. Anatoliy V. Vasylyev the Letter of Gratitude to the researchers of the Department of Economics and Business Administration

MELNYK Leonid Hryhorovych, SABADASH Viktor Volodymyrovych, KARINTSEVA Oleksandra Ivanivna, SHKARUPA Olena Vasylivna, KUBATKO Oleksandr Vasylovych, DEHTYAROVA Iryna Borysivna,  DEREV’YANKO Yuriy Mykolaiovych, CHYGRYN Olena Yuriivna

for many years of fruitful cooperation, professional, educational, consulting assistance and scientific and practical contribution to AUEL activities.


From the first to the tenth of December 2017, representatives of Ukraine, Moldova, Latvia, Georgia, Greek and Italy lived an unusual life, exploring the culture of different countries, deeper understanding of the notable concepts of tolerance, stereotypes, living values and discrimination. The organizator is Center for European Initiatives. The event took place in Sumy region, «Slavna» cottage, where more than 30 participants were involved. Among all there were Ph.D. student of the department of management, Kotenko Stanislav, master students Zaharchenko Daryna (Marketing and Management of Innovative Activities Department) and Boyko Kateryna (Department of finance and credit). Interestingly executed and emotionally colored evenings in the format "speed-dating", the presentation of national cuisine, music and dance left no one indifferent. Everyone learned several moves from national dances of participating countries. We can’t forget the excursion to the Theater of Young Spectator in Sumy and the trip to the library with "living books", which opened up new opportunities for the participants of the project and told about their emotionally colored and unusual life. On 8th of December, young people and active representatives from 6 countries spoke at Gymnasium from Okhtyrka with performances on important and topical issues in society: stereotypes, tolerance, living values and discrimination. The pupils did not remain indifferent to the topics raised, and then, after speaking with interest, they talked with the participants about important things and were able to take photos in memory. It is safe to say that cultural exchange was not in vain. Everyone learned new knowledge for themselves, found friends and like-minded people, someone began to think differently and even discovered a "new self," and someone came out of the comfort zone.


Head of the Department of Economics and Business Administration of Sumy State University, Director of the Institute for Development Economics of the Ministry of Education and Science of Ukraine and the National Academy of Sciences of Ukraine (in SSU), Prof., Dr. L.G.Melnyk made a presentation at the conference: "The role of education in the implementation of sustainable development goals until 2030 in Ukraine" (Kyiv-Mohyla Academy, December 7, 2017).
The conference, attended by the Rectors of Ukrainian universities, was devoted to discussing the role of higher education institutions in achieving sustainable development goals.
Professor L.Melnyk's report "Phase transition to sustainable development" caused great interest and a considerable number of questions.



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On December 14, Denys Smolennikov, the professor assistant of the Department of Management and Deputy Director on Educational Work and Humanitarian Issues took part in the round table "How to Teach Corporate Social Responsibility and Sustainable Development Goals". The event's organizers are the Institute of Higher Education of the National Academy of Pedagogical Sciences of Ukraine, the Center for CSR Development, the United Nations Development Program in Ukraine. More than 60 teachers and researchers from Kyiv and regions of Ukraine took part in the round table.
The participants discussed the issues of CSR integration in various educational programs, problems and challenges faced by teachers. Also, the presentation of the book "Corporate Social Responsibility in Conflict Times" and a master class "Collective and Personal Transformation through the Purpose of Sustainable Development" were held during the event.
Participants of the round table received certificates and preliminary agreed on the creation of an electronic database of scientific and teaching materials for teaching CSR.


On November 30, 2017 the delegation of the international auditing company Grant Thornton Ukraine visited Sumy State University. Department of Finance and Credit of the Research Institute FEM named after O.F. Balatsky hosted the guests and organized the meeting. The venue of the event was the Congress center of SSU.
At the beginning of the meeting, the company's top management conducted a seminar for the audience on the topic "Prospects for auditing and financial consulting in Ukraine in the context of financial globalization". The moderator of the meeting was the associate professor of the  Department of Finance and Credit  Konstantin Ilyashenko.
A great interest among all participants was caused by the presentation of the opportunities provided the representatives of Grant Thorntonby for the ACCA accredited SSU bachelor's and master's programs "Financial Management in Business". All students had an opportunity to get acquainted with the history of success and career growth of each of those lucky ones who was selected last year. 
It has already become a good tradition that everyone had the opportunity to pass the management accounting, financial accounting and English language tests, as well as an interview with the company's HR director.
The most successful students will be invited for an internship in the Kiev office of Grant Thornton Ukraine and in the future will get a chance to find a job in the prestigious audit company.
We are looking forward to the results.





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From 12th till 18th of December Professor Medani Prasad Bhandari, Ph.D. visited Sumy State University. Professor Medani P. Bhandari worked as a Professor of inter-disciple Department of Natural Resource & Environment / Sustainability Studies, at the Akamai University (Hawaii, USA). During his life professor obtained several degrees of Masters, for instance he holds M.A. Anthropology (Tribhuwan University, Nepal), M.Sc. Environmental System Monitoring and Analysis (ITC-The University of Twente, the Netherlands), M.A. Sustainable International Development (Brandeis University, Massachusetts, USA), M.A. in Sociology (Syracuse University, NY, USA). The interests of Professor Medani P. Bhandari include: environmental sociology; organizational sociology and political sociology; research methods; conflict in natural resource management and social policy; community and economic development; environmental studies; sustainability studies; climate; civil society; political ecology and NGO management etc. Professor Bhandari published 4 monographs and more than 50 papers in international peer-reviewed journals. 
During his visit professor Bhandari have met the scientists from Oleg Balatsky ASI FEM, the colleagues of finance and credit department in particular, to discuss further perspectives of cooperation. Professor provided strategic sessions for the decision-makers and staff from different departments of ASI FEM. During his stay at Sumy State University Professor Bhandari offered several lectures-discussions for students, Ph.D. students and educators. The main topics of the communication were the education in USA, the specific features of the curriculums, syllabuses and regulations, the movement for the academic honesty. The lectures brought the last tendencies on globalization and sustainable development, meanwhile the role of NGOs were emphasized and why it is important to think globally and act locally. For Ph.D. students, young scientists and researchers Professor Bhandari presented two seminars on Academic writing and Research Methods. And especially for Master Programme “Investments, Entrepreneurship and Start-ups” professor Meadni P. Bhandari made the training on Conflicts Management. In the end of his visit Medani P. Bhandari gave a public lecture for the citizens of Sumy on NGOs and Sustainable Development for Community.

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Students of the educational programs "Economics and Business", "Entrepreneurship, Trade and Stock Exchanges" and "Business Administration" took part in a business meeting with Oleg Nesterov, owner of MindK.com, which develops complex web and mobile applications.
Oleg told students the story of his journey from freelancer to director, about IT outlook for 2-3 years, and what place graduates of economic specialties occupy. The event took place as part of the preparation for the Winter Business School of Sumy State University "Youth&Business"
















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