Olena Rayevnyeva was born in Kharkiv, Ukraine (former USSR) in 1961. She received the M.Sc. degrees from Kharkiv Engineering and Economical Institute in 1983. In 1991 she received the Ph.D. degree and in 2007. She recieved doctor of science degree in economics.

During the 1995-2008 years she was an associated professor of the Economical Cybernetics 

Department, Kharkiv State University of Economics. Now she is Head of Economical Statistical and Forecasting Department of Kharkiv National University of Economics. She has published over 100 papers in refereed journal and conference proceedings in the areas of economical safety, development of enterprises and national economy, financial forecasting etc. Her representative articles and monographs list is as follows: “Analysis of fractality of socio-economical process” (Kharkiv, Ukraine, 2007), “Modeling of the investor behavior onto the stock market” (Kharkiv, Ukraine, 2004), “Diagnostics models of financial crises in a cycle of company development” (Bratislava, Slovakia, 2007), “Statistical models for the investigation of nonlinear development of Ukrainian economy” (Kharkiv, Ukraine, 2009). Her current activity involves nonlinear investigation of socio-economical systems evolution theory, chaos theory and nonlinear dynamics.