Article processing charge

All papers published in Financial Markets, Institutions and Risks are published in full open access. All papers are published under a Creative Commons (CC BY) license.

Financial Markets, Institutions and Risks provides Gold Open Access. It means that every reader has free access (read and download) to the full text of all published papers, can re-use the published content if proper citation of the original paper is provided. Gold Open Access is provided to readers by the authors or their institutions/research funders through the publication fee (Article Processing Charge, APC) for accepted papers.

The author, institution or sponsor of the research pays an Article Processing Charge when the article is accepted for publication after being peer reviewed (no submission or review payments). APC covers the costs for copy editing, formatting the text, creating figures and tables, etc. This charge also includes peer-review process administrating, archiving of articles, site administrating (hosting the articles on site, its maintenance and support), the promotion of the journal and articles (distribution of the journals content, serving the indexing services, etc.) and customers’ support. The cost of article publication is set according to the cost sheet, which is calculated as a rule, annually (can be periodically adjusted), and approved by the regulatory framework of Sumy State University.

The Article Processing Charge is paid to the official account of Sumy State University. The APC is 1500 UAH (the author could pay in national currency according to the official exchange Rates by National Bank of Ukraine). The payment does not depend on the size of an article. Authors could order a hard copy of the issue. In this case, the author should inform Editorial office and cover the shipping cost (it depends on the author’s country).


Discounts are available for authors. The decision regarding discounts is made at the discretion of the Editorial Board as agreed with the Publisher – Sumy State University. Clarifications and consultations on all financial matters (including discounts) and invoices are provided by the managing editor:

The following options for discounts could be applied:

  • The authors with the affiliation from the countries with low-income (considering World Bank) – 20% discount could be provided;
  • The authors with the affiliation from the countries with middle-income (considering World Bank) – 10% discount could be provided;
  • The authors with the affiliation from the countries with military conflicts, or authors with lack research funding – the fee could be waved;
  • The editorial members – the fee could be waved for 1 paper per year;
  • The reviewer members – 50% discount could be provided.

In case of personal discount, the author should communicate with Editorial office and send the request with justification of discount for Article Processing Charge or for waive of publication fee. All cases are considered individually by the Editorial office.

Financial Markets, Institutions and Risks follows the recommendation of Fair Open Access Alliance to provide the structure of fees transparent considering the Principle 5 of Plan S.

Service % of total Amount, UAH
Journal Operations (Journal support, platform development and maintenance, other support staff) 15 225
Journal publication (triaging, management of the peer review, editorial assistant, proofreading, Indexing & archiving) 60 900
Marketing & Dissemination (costs for promoting journal’s content among scholars, researchers, associations, institutions, professional social media networks and etc.) 10 150
Editorial fees (travel grant or stipend to Editorial members and Editorial office) 1 15
General (management & administration, overhead expenses, utility bills) 7 105
Discounts and waivers 7 105
TOTAL 1500

Sources of support / Sources of financing

The journal is funded by a fee for scientific editing and institutional support of the publisher – Sumy State University.

The Article Processing Charge could be paid via online payment service. You could ask Managing Editor for more detail regarding the payment.