scholarly journals STATE FINANCIAL SUPPORT FOR SMALL BUSINESS DURING THE CORONAVIRUS CRISIS IN EUROPEAN COUNTRIES

2021 ◽  
Vol 3 (38) ◽  
pp. 326-332
Author(s):  
V. Humeniuk ◽  
Iu. Umantsiv ◽  
A. Dligach ◽  
Н. Іванова ◽  
H. Umantsiv
Keyword(s):  
Small Business ◽  
Financial Support ◽  
Complex Structure ◽  
State Intervention ◽  
State Regulation ◽  
European Countries ◽  
Financial Policy ◽  
Small Enterprises ◽  
Eu Countries ◽  
The Eu

Abstract. The aim of the conducted research is elaboration of conceptual statements and formulation of practical recommendations aimed at development of the methodological bases of state financial support for small business. On the basis of the existing theoretical statements, discovery of essential characteristics, peculiarities and systematisation of the obtained results of the research, conceptual approaches to interpretation of the features of state financial support for small business during the coronavirus crisis have been suggested. Small business is an important component of the economic system of any country. It ensures formation of the complex structure of the market for goods and services, development of efficient competition and promotes addressing the needs of consumers in conditions of formation of their sovereignty. State financial support for small business in European countries is at different stages of development. In the EU countries, financial policy of small business regulation is an example of state intervention in the mechanism of market self-regulation in order to solve social and economic problems by changing the economic behaviorur of small enterprises. The formational process, strategic priorities of state financial support for small business in European countries and macroeconomic instruments for its implementation during the coronavirus crisis have been studied. Changes in the concern of the world community in forms of state financial support for small business have been detected. A comparative and analytical examination of the instruments for macroeconomic financial regulation, which are being used during the COVID-19 pandemic in Europe, has been conducted. The research shows the importance of small business in terms of solving economic and social problems of social development, outlines the situation of state financial support in the EU countries in comparison with Ukrainian small enterprises, determines the general features and differences in state regulation of entrepreneurship. The practical significance of the obtained results consists in the fact that the main scientific statements of the article can be used in practice of state and regional management of small business. Keywords: small business, state regulation, financial support, financial policy, coronavirus crisis. JEL Classification H12, D21, E61 Formulas: 0; fig.: 2; tabl.: 1; bibl.: 12.

scholarly journals State support of small enterprise on agricultural territories

2018 ◽  
Vol 20 (86) ◽  
pp. 3-7
Author(s):  
S.V. Korobka
Keyword(s):  
Small Business ◽  
Rural Areas ◽  
Small Businesses ◽  
Financial Support ◽  
State Intervention ◽  
State Regulation ◽  
The State ◽  
Small Enterprise ◽  
State Support ◽  
Further Development

Small entrepreneurship in rural areas plays a significant role in the Ukrainian economy, since its development contributes to the economic growth of the welfare of rural residents, the acceleration of scientific and technological progress, contributes to the saturation of the territorial markets with the necessary goods and services, and provides employment of freed labor resources. However, one of the main problems that slow down the development of small businesses in rural areas is the lack of financial support at the regional and national levels. A prerequisite for the further successful development of small business in rural areas is the stable and comprehensive state regulation. To date, there is no single algorithm of state intervention in the sphere of entrepreneurial activity. Each state, in accordance with socio-economic conditions of development, establishes state priorities and general state development. Small entrepreneurship in rural areas develops under the influence of external participants in the process: the state, local governments, and competitors. In reforming the economy, small businesses in rural areas have assumed the role of creator of the foundation for creating a new management system. The creation of small enterprises in rural areas allows solving a number of organizational and economic tasks, namely: the refusal of centralized management due to its ineffectiveness; creation of conditions for the reduction of the number of employees due to the elimination of ineffective units; the implementation of rational transformations for the further development of a particular area of the entire region. State regulation and support for the development of small businesses in rural areas in Ukraine should include a system of regulatory, economic and organizational measures that will promote the living standards of the population in rural areas, increase the efficiency of economic activity and rational use of available resources. Consequently, the further development of rural areas of Ukraine depends on how the state, community and rural dwellers work in this regard. The reasons for the slowdown of rural areas are the lack of human capital in rural areas, as well as financial support. It is also necessary to develop a single legal space within which social partnership of all members of society can be realized for the common goal – development and prosperity of not a separate group of people, but of the entire population of our rich country. Prospects for further research we see in the future the study of regional features of state support of small business in rural areas.

scholarly journals LEGAL REGULATION OF LIABILITY FOR OFFENSES IN THE FINANCIAL SPHERE IN THE EU COUNTRIES AND UKRAINE: COMPARATIVE ANALYSIS

2019 ◽  
Vol 4 (5) ◽  
pp. 276
Author(s):  
Dmytro Pryimachenko ◽  
Tetiana Minka ◽  
Volodymyr Marchenko
Keyword(s):  
Comparative Analysis ◽  
Financial Sector ◽  
Tort Law ◽  
Legal Regulation ◽  
State Regulation ◽  
European Countries ◽  
Legal Study ◽  
Eu Countries ◽  
Legal Provisions ◽  
The Eu

The aim of the article is to conduct a comparative analysis of the legal principles for liability in the financial sphere in the EU and Ukraine and to define ways of domestic legislation improvement on this basis. The subject of the study is the experience of European countries in the state regulation of liability for financial offenses. Methodology. The study is based on a comparison of foreign experience in the legal regulation of liability for financial offenses on the example of European states with the status of the national tort law in this area. The use of general scientific and special scientific methods and techniques of scientific knowledge enabled to characterize the national experience of the legal regulation of legal liability for committing financial offenses by the coverage of the provisions of the Criminal Code of Ukraine, the Code of Ukraine on Administrative Offenses, and the Tax Code of Ukraine, as well as its comparison with the experience of the legal regulation of liability for offenses in the financial sector on the example of France, Germany, Latvia, Spain, Sweden, Greece, and other EU countries. The results of the comparative legal study revealed that contrasting the EU member states, the national model of the legal regulation of liability for offenses in the financial sector is characterized by multi-levelness and varying degree of severity of punishment. Practical implications. It is proved that the mechanism of the legal regulation of liability for financial offenses in Ukraine is more improved than in European countries because of the legal provisions with a strict codification of financial offenses, their differentiation into administrative delicts and criminal offenses that enables to impose milder state sanctions on those acts that do not pose a significant social danger. Relevance/originality. A comparative legal study of the experience of the legal regulation of liability for financial offenses provides a better understanding of the prospects for the development of national administrative tort law in this area.

FINANCIAL SUPPORT (NOT TAX) OF THE ECONOMY IN THE EU COUNTRIES DUE TO THE PANDEMIC

2021 ◽  
Vol 3 (11) ◽  
pp. 251-257
Author(s):  
Anzhelika L. Gendon ◽  
◽  
Galina F. Golubeva ◽  
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Labor Market ◽  
Financial Support ◽  
The European Union ◽  
Eu Countries ◽  
Euro Pean ◽  
Political Decisions ◽  
Positive Factor ◽  
The Eu

The article examines the financial support (not tax) of the economy in the EU countries due to the pandemic. A comprehensive vision of the situation and strategic planning are the foundation of the Euro-pean Union's economic policy. These qualities help to develop comprehensive measures to stabilize the labor market and entrepreneurship in the countries of the European Union in the context of a global emergency. A positive factor is also the fact that in an epidemic situation, political decisions of various states are aimed at introducing socially oriented measures that support their citizens.

Market development of the economy of the eu and Ukraine: asymmetry and ways of overcoming it

2021 ◽  
pp. 23-33
Author(s):  
Yevhen Redzyuk
Keyword(s):  
Business Environment ◽  
State Regulation ◽  
Market Development ◽  
Low Carbon ◽  
Eu Countries ◽  
Rights Protection ◽  
Property Rights Protection ◽  
Low Efficiency ◽  
Cis Countries ◽  
The Eu

The goal of this article is to develop practical, scientific and methodological recommendations to improve the market development of Ukraine and reduce the divergence of its economy in relation to the EU economy. Research methodology includes: system-structural and comparative studies (to understand the logic of the functioning of modern market institutions in Ukraine and Europe); monographic analysis (in the study of approaches to improve the market development of the Ukrainian economy); statistical and economic analysis (when carrying out a rating assessment in relation to economic freedoms and competitiveness of the Ukrainian economy). Scientific novelty: it was revealed that the state of market development of the Ukrainian economy is significantly lower not only in comparison with the EU countries, many CIS countries, but also lags behind the overwhelming major- ity of countries in the world. The reason for this is the low efficiency of the ju- dicial and law enforcement system; weakness and archaism of state regulation of the business environment; monopolization and oligarchization of the economy, non-transparent approaches to the privatization of assets in Ukraine; “Black” and “gray” land market; violation of customs procedures and registrations, which sig- nificantly saturate the markets of Ukraine with counterfeit and smuggled goods. In contrast, EU countries are pursuing policies that promote asset and property rights protection, stimulate job creation and economic growth by creating a busi- ness-friendly climate, as well as focusing on innovation and related infrastructure aid funds. Conclusions: a proactive state policy is needed in the formation of ef- fective regulatory institutions in Ukraine, in anti-corruption and economic reforms, in reducing the level of monopolization and oligarchization of markets; also priva- tization stimulating investment and innovation; transition from extensive to in- tensive management methods; embedding of domestic products into external value chains; increasing investment in domestic infrastructure; priority in the develop- ment of small and medium-sized businesses; systemic focus on increasing the productivity of the economy; the emergence of new businesses in a low-carbon and environmentally friendly economy. Key words: economies of the EU and Ukraine, market development, European economic integration, world economy.

scholarly journals Analysis of economic and statistical indicators of entrepreneurship development in Ukraine

2021 ◽  
Vol 2 (98) ◽  
pp. 69-80
Author(s):  
V., Ulanchuk ◽  
◽  
S. Sokolyuk ◽  
E. Zharun ◽  
N. Koroteev ◽  
...  
Keyword(s):  
Small Business ◽  
Foreign Exchange ◽  
Labor Migration ◽  
Foreign Exchange Market ◽  
Foreign Currency ◽  
State Regulation ◽  
Economic Losses ◽  
Small Enterprises ◽  
Economic Activities ◽  
Competitive Situation

The purpose of the article is to statistically assess the internal indicators of small business and analytical confirmation of the identified trends in their development to ensure the objectivity of information flows on the state and role of small business in the economy of Ukraine. A modern feature of the development of entrepreneurship in the economy of Ukraine is the growth of self-employment and mass labor migration. According to the results of the static assessment, it was found that the receipt of foreign currency in the form of remittances of labor migrants became a source of formation of the foreign exchange market, as their size is 30% of revenues from exports of goods from Ukraine. However, the amount of economic losses in the economy of Ukraine due to labor migration is much higher than foreign exchange earnings and is 6 % of total sales (goods and services) in Ukraine. Small business accumulated 48 % of the total number of employees in the economy of Ukraine, which turned it into a powerful politically and socially influential formation. The economic capacity of the small business remains traditionally low. In the structure of the country's economy, small enterprises (80 % of the total number of enterprises) bring only 19 % of income to the economy. The burden of the single tax for small enterprises is identical to the burden of paying income tax on medium-sized enterprises, which indicates relatively equal tax conditions for small and medium-sized businesses in Ukraine. Responsibility and autonomy of enterprises for the development and management decisions is growing extremely nowadays, what should provide further effectiveness of their activities. Ensure effective management is possible only through a comprehensive analysis and diagnostics business enterprise that meets modern requirements of economic development. The competitive situation in which today must engage in economic activities domestic enterprises of any form of ownership and industry sector is quite unstable, shaky, unpredictable and completely devoid of adverse external factors. Therefore, the company appears quite vulnerable to unlimited competitive space, and lack of improved methods of state regulation and favorable policy protectionism deepens an already tough situation. In such circumstances, company cant relied on anyone except themselves, involving the activity of experienced professionals that can simulate variable development of the company in a competitive environment and to predict the consequences of any move made by management in the form of decisions

scholarly journals State regulation of sustainable innovation project funding in the EU countries and Ukraine

2021 ◽  
Vol 18 (2) ◽  
pp. 374-390
Author(s):  
Viktor Oharenko ◽  
Anzhela Merzlyak ◽  
Viktoriia Tomareva-Patlakhova ◽  
Iuliia Vikhort ◽  
Daria Skriabina
Keyword(s):  
State Regulation ◽  
The State ◽  
Innovation Activity ◽  
Horizon 2020 ◽  
Eu Countries ◽  
Sustainable Innovation ◽  
Funding Program ◽  
Innovation Project ◽  
The Impact ◽  
The Eu

The effective implementation of innovations is broadly determined by the ways of their financing, among which project funding is particularly important today. This paper examines the impact of project funding on the innovative growth of the state in the EU countries and Ukraine in the context of sustainable development. Using theoretical and empirical methods, this study identifies and systematizes traditional and innovative forms of sustainable innovation project funding, which are practically used by the EU member states and Ukraine. Based on statistical methods, data analysis for the period from 2014 to 2020 and indicators characterizing the participation of countries in the largest European project funding program Horizon 2020 and other similar programs, the study revealed a close relationship between the conditions created by the state for participation in project funding programs and indicators of innovation activity and the climate of the state. The study allowed determining that funding from international sources, including funds from leading European institutions, which support the dissemination of sustainable innovations, can be a good alternative for innovation project funding under limited domestic resources. The study concluded that diversification of sources and forms of project funding, use and support from the state influences and accelerates the development of innovation infrastructure in a country (clusters, business incubators etc.), as well as the interaction between various participants in a sustainable innovation process (state, regions, large enterprises, small and medium-sized businesses, communities).

scholarly journals Nonparametric Approach to Evaluation of Economic and Social Development in the EU28 Member States by DEA Efficiency

2019 ◽  
Vol 12 (2) ◽  
pp. 72 ◽  
Author(s):  
Melecký ◽  
Staníčková ◽  
Hančlová
Keyword(s):  
National Development ◽  
European Countries ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Reference Period ◽  
Eu Countries ◽  
Nonparametric Approach ◽  
Technological Efficiency ◽  
Dea Efficiency ◽  
The Eu

Data envelopment analysis (DEA) methodology is used in this study for a comparison of the dynamic efficiency of European countries over the last decade. Moreover, efficiency analysis is used to determine where resources are distributed efficiently and/or were used efficiently/inefficiently under factors of competitiveness extracted from factor analysis. DEA measures numerical grades of the efficiency of economic processes within evaluated countries and, therefore, it becomes a suitable tool for setting an efficient/inefficient position of each country. Most importantly, the DEA technique is applied to all (28) European Union (EU) countries to evaluate their technical and technological efficiency within the selected factors of competitiveness based on country competitiveness index in the 2000–2017 reference period. The main aim of the paper is to measure efficiency changes over the reference period and to analyze the level of productivity in individual countries based on the Malmquist productivity index (MPI). Empirical results confirm significant disparities among European countries and selected periods 2000–2007, 2008–2011, and 2012–2017. Finally, the study offers a comprehensive comparison and discussion of results obtained by MPI that indicate the EU countries in which policy-making authorities should aim to stimulate national development and provide more quality of life to the EU citizens.

scholarly journals Legal regulation of state support for small business: experience of Ukraine and Poland

2019 ◽  
Keyword(s):  
Small Business ◽  
Institutional Development ◽  
Legal Regulation ◽  
State Regulation ◽  
Export Market ◽  
Trade Restrictions ◽  
State Support ◽  
Association Agreement ◽  
Business Support ◽  
The Eu

For countries with a market economy small business is an attractive form of business organization because of its flexibility and mobility, which are so necessary for the Ukrainian economy. The purpose of the article is to analyze the experience of legal regulation and state support of small business in Poland and Ukraine and to determine its relevant directions for implementation in Ukraine. In Poland the approach of strategic building of state regulation of business within the framework of legal strategies for 3-4 years has proved its efficacy. Such principles of polish “New Constitution for Business 2017”, as the principle of proportionality of punishment for the violation; the principle of acquiescence; direct liability of civil servants for violation of the law, are innovative for Ukraine. The obvious disadvantage of the Ukrainian small business support system is the predominance of financial instruments, while the regional and local mechanisms for its implementation are under-developed. Ukraine's successes in the legal state regulation of small business in the field of administration are important. The legal foundations for expanding access to public procurement in Ukraine have proved their effectiveness. European small business support tools, that are effective in Poland can and should be used in Ukraine. Close attention to the problem of insolvency is needed in Ukraine. A thorough study of the institutional development of small business support in Poland is relevant. Important for the Ukrainian economy, the direction of foreign trade development is still in its infancy. The EU-Ukraine Association Agreement has already lifted most trade restrictions on the EU export market for Ukrainian exporters, but this is only a search for ways to reach the world market.

scholarly journals Chaplaincy Institute in Ukraine and EU countries

2020 ◽  
Vol 11 (1) ◽  
pp. 50-58
Author(s):  
Iuliia Kryvenko ◽  
Oleksandr Omelchuk ◽  
Iuliia Chernovaliuk
Keyword(s):  
Military Service ◽  
Level Structure ◽  
Social Institutions ◽  
Armed Forces ◽  
State Regulation ◽  
European Countries ◽  
Cultural Tradition ◽  
Eu Countries ◽  
The Creation ◽  
Military Chaplaincy

Aim. The aim of the article is devoted to the research of chaplaincy institutes in Ukraine, taking into account the experience of EU countries. Concept. During the study determined, that the interaction between military service and religion is based on a universal socio-cultural tradition, has a complex, multi-level structure, covering the whole socio-institutional level (society - social institutions - social organizations of the individual) and leads to the creation of a specific social structure - military-religious institute the institute of military chaplaincy. Conclusions. It is found that there are no historical analogies in the world for the creation of a military chaplaincy institute under such conditions, which makes the present Ukraine experience unique, but to this day the issue of state regulation in the field of pastoral care of military personnel of the Armed Forces of Ukraine and the creation of a military chaplaincy institute remains unregulated. In contrast to Ukraine, the legal support for the existence of an institute of military chaplaincy in Poland is provided by the relevant state normative-legal acts and by-church documents. Most European countries have the opportunity to serve for both military and civilian chaplains. Due to the analysis of legal acts and experience of European countries it should be determined that Ukraine chooses the "European" model of chaplaincy. The article also identifies the positive aspects of the organizational experience of military chaplaincy as to possible borrowing for Ukraine. The notion of a chaplain-volunteer is typical of Ukrainian legislation.

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