Enterpreneurship and problems of specialists training in Ukraine



Table 6 represents a change of the amount of own financing of the Institute within the period of
1992-97 (factual figures), as for 1998 we represent the planned indicators.

Table 6. Financing ZIET Own

Year

1992

1993

1994

1995

1996

1997

1998

% of Own
Financing

3,6

18,4

23,6

39,5

49,3

69

77

As we can observe, only 3,6 % of the general amount of financing were funds, earned by the
Institute and 96,4% was funds obtained from the state budget in 1992. In 1997 our state Institute
earned 69% of annual funds and it plans to increase this indicator to 77% in 1998.

Institution funding helped to stabilize its financial state, lessened the dependence of its activities on
the considerably reduced amounts of state funding and chronic delays that occur in receiving those
funds.

For the last 4-5 years ZIET has at its own expenses conducted capital repairing of its teaching
and laboratory facilities, dormitories, sports and health complex, has improved its material base
(for example, it purchased over 100 up-to-date computers, two minivans and the means of operative
printing). We also have replenished our library, subscribed to periodicals and published by our own
means teaching and scientific literature.

With the Institute as a base we have created a regional center for Internet (funds for purchasing the
server and personal training were granted by Eurasia Fund).

At ZIET attention is paid to conducting scientific researches. Scientific researches permit us to
train specialists of the highest qualification and keep our teaching staff knowledge up-to-date in
their specialty while increasing the attractiveness of the profile to students.

Although the volume of current work is not large, we have considerable high scientific potential,
stable customers and high reliability. We, on a regular basis, organize large international scientific
conferences: eg. “Fundamental and Applied Problems of Space Research” in 1993, “ Aerospace
Complex, Conversion and Technology” in 1995, “ Contemporary Technologies in Aerospace
Complex “ in 1997.

The basic problems of the Institute at the present time are as follows:

the drastic productivity slow down in Ukraine and demurrage of enterprises, deteriorates their
usage for students’ practice and creates difficulties for students of engineering profile;

insolvency of many enterprises and organization, delays in wages and the growing poverty of
the population have resulted in their financial bankruptcy and huge debts;

limited international relations .

The Institute has signed agreement of cooperation with Okhlahoma State University (USA),
Bialystok Technical University (Poland), some Russian Universities. Our Institute is a member of
European Association of International Education and Association of the Universities of the Black
Sea region. But there has not been found a source of financing to implement these agreements yet
(students and teachers exchange, new methods and subjects implementation, conducting scientific-
research conferences, implementation of the distance education and etc.). We have not succeeded
yet, to become a participant of the international educational programs, though the attempts to take
part in the project competition of Tempus-Tacis program have been done.

IBAT

The Institute of Business and Advanced Technology is a non-state institute of higher education,
which was established in March of 1992. The Institute’s founders are joint-venture bank “Polissya”
and several local individual investors (teachers of ZIET). Specialists’ training is conducted in two
specialties: “ Finances and Credit” and “Informational Systems in Management”. The first



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