Economics and Business Management

The European integration is the way of current reforms in Ukraine. The main goal of the socio-economic development is to increase the well-being of people in the country. The bioeconomy strategy leads to a sustainable bioeconomy with higher employment in agriculture and food and drink manufacture as a result of new green jobs, healthy ecosystems, and the new bio-based products. Biotechnology plays a key role in the following sectors of the economy: construction, agriculture, and food and beverages. The importance of biotechnology is substantially reaffirmed once again during the COVID-19 virus pandemic, so that biotechnology could create the vaccine to combat the virus. Bioeconomy development is a mainstream research area in the world and in Ukraine in accordance with food security, biotechnologies and environmental protection, circular economy, and sustainable development. Our comparative analysis of existing national and international strategies, in particular European, with a focus on governance, builds on existing legislative documents, knowledge base networks, and previous work. Scientific abstraction, analyses and synthesis, a logical approach, and statistics on the development of the bioeconomy in the EU emphasize its socio-economic potential for the intensive development of the bioeconomy strategy in Ukraine. The article analyzes the works of scientists on the preconditions, modern features of development, indicators of macroeconomic analysis, conceptual foundations of bioeconomy strategies, and mechanisms of state regulation of the agricultural economy in general and the bioeconomy in particular. The different political approaches have many common measures to advance economic growth with ecological sustainability and biotechnological innovation, which increase efficiency and value-added potential. Based on the study, the authors propose to focus the attention of entrepreneurs, scientists, and local governments on the measures of regional bioeconomy strategies development for further approval of the initiative at the state level

agrobiocluster; biotechnology; bioeconomy; bioeconomy strategy