State Support of Entrepreneurial Activity During the War in Ukraine

Abstract

Ukrainian business found itself in an extremely difficult situation, as the full-scale invasion of Russia is causing severe consequences for the business sector, which has not actually recovered from the quarantine restrictions associated with the pandemic. At the same time, in modern realities, the work of entrepreneurs in all spheres of life is more important than ever for the state. The article analyzes the structural changes that took place in the sphere of medium and small business. The expediency of strengthening the role of the state in the system of regulation and stimulation of business development was proven. Analytical data reflecting the state and structure of the economy sector represented by small and medium-sized businesses were studied. So, the following series of trends were revealed. Relocation is possible and not typical for all types of economic activity, according to the principle of expediency of transportation, enterprises can be distinguished: those that have moved, those that work in a hybrid mode, and those that have remained in the primary place of activity. During the war, most of the registered business entities are non-profit entities (charitable foundations, public organizations). The following areas of state support for business entities were singled out: fiscal (cancellation and postponement of taxes), informational and organizational (organization, relocation support, liberalization of business activity inspections, payments for employment of internally displaced persons) and financial (provision of business loans at a rate of 0% and their repayment at the expense of the state; special attention in this context is paid to subjects of foreign economic activity). In addition, several grants from the state and international organizations have been offered to business representatives. So, it was determined that the state applies a whole set of measures aimed at maintaining economic stability in the state.