scholarly journals The Development of the Innovative SMEs in Slovakia in the Context of Macroeconomic Environment

2020 ◽  
Vol 6 (12) ◽  
pp. 113-120
Author(s):  
Vusal AHMADOV ◽  

Abstract EU integration brought expressive economic development to Slovakia. The main drivers of the economic growth have been export-oriented FDIs. Slovak government pursues provision of the favorable FDI-friendly business environment for keeping continuance of the productive capital into domestic economy. Nevertheless, the FDIs represent giant multinational companies and the Slovak economy is in a stage of development that it needs the advancement in the productivity growth in the remaining sectors of the economy addition to export-intensive FDIs. From this token, development of the SME in Slovakia is important for transition of the Slovak economy up to next level. In this article, I analyze the effects of the macro-economic variables such as financial development, export growth, innovativeness, and the EU structural funds on SME development in Slovakia. I deploy regression analysis to measure these effects. The lower interest rates and higher export growth positively contributes to development of innovative SMEs. The inadequacy of the organizational capacity and innovation structure of SMEs impedes them benefits from EU funds and Innovations. Keywords: SME productivity, EU funds, cost of finance, innovation structure, organizational structure

2016 ◽  
Vol 14 (1) ◽  
pp. 74-88
Author(s):  
Ligita GASPARĖNIENĖ ◽  
Rita REMEIKIENĖ

Increasing amounts of the EU structural support in Lithuania require theoretical and practical research to disclose the determinants that have a significant impact on the competitiveness of Lithuanian economics. The purpose of this article is to evaluate the impact of the EU structural support on the competitiveness of Lithuanian economics. The methods of the research include systematic and comparative analysis of the scientific literature, expert evaluation and linear regression. The research disclosed the main determinants of country’s competitiveness. The results have revealed that EU structural support has the most significant impact on Lithuanian engineering and technological infrastructure. The impact of the support on country’s macroeconomic, scientific and social environment can also be considered as significant. The EU structural support has medium strong impact on education and business environment conditions in Lithuania. It has been established that, in the field of business advancement, Lithuanian should be rated as medium competitive. Hence, the increase in country’s competitiveness by employing EU structural funds should be treated as one of priority aims. In addition, responsible authorities should perform with higher efficiency seeking for higher competitiveness of the country.


2021 ◽  
pp. 095042222110344
Author(s):  
Oswald Jones

Academic engagement with small business and entrepreneurship was facilitated by the availability of European Union (EU) funding, which also stimulated the emergence of a small business and entrepreneurship (SBE) ‘community of practice’. Gradually, the SBE community developed into a ‘landscape of practice’ as small business research moved towards maturity. Furthermore, the SBE landscape of practice has coalesced around three core concepts: entrepreneurial learning, social networks and social capital. EU funding was the catalyst for many SBE academics in the UK to engage with practitioners involved with starting and managing their own businesses. The UK’s exit from the EU will inevitably mean that universities will no longer have access to EU Structural Funds. This has major implications for the UK SBE community’s engagement with practice as well as for entrepreneurs and business owners who have benefitted from a range of programmes designed to improve the performance of smaller firms.


2020 ◽  
Vol 2020(41) (3) ◽  
pp. 75-89
Author(s):  
Jan Pochwała ◽  

In order to support the development of Polish and Slovak border regions, after the accession of both countries to the EU, the “Interreg Poland – Slovakia” Program was implemented. One of the priorities of the Program is the protection and use of the common Polish-Slovak cultural and natural heritage for the development of cross-border cooperation. As part of Interreg since 2004, EU-Structural Funds have co-financed joint Polish-Slovak projects implemented in selected counties/poviat located in the following voivodeships/provinces: Śląskie, Małopolskie, Podkarpackie (on the Polish side) and Žilinskom kraji, Prešovskom kraji and Košickým kraji (on the Slovak side). The next editions of Interreg are becoming increasingly popular in Poland and Slovakia including its recognition by experts as well as the implementation of a cross-border effect.


Author(s):  
Ilga Vasiļjeva

The role of the EU Structural Funds in the national economy of Latvia is significant, yet document management problems in the projects funded by the EU Structural Funds have been little researched. In the period 2007-2019, a gradual transition to electronic project document management occurred in Latvia. The present research performed a comparative analysis of tender documents submitted for ERDF calls for project proposals for the programming periods of 2007–2013 and 2014–2020. The research found that the range of tender documents for ERDF calls for project proposals to be submitted by organisations is strictly regulated in a particular period, yet there are general instructions on how to prepare documents in accordance with the relevant legal framework of the Republic of Latvia. Organisations have to create document management systems to enhance the preparation and management of ERDF project proposal documents.


2008 ◽  
Vol 9 (3) ◽  
pp. 167-180 ◽  
Author(s):  
Romualdas Ginevičius ◽  
Valentinas Podvezko ◽  
Šarūnas Bruzgė

One of the forms of state intervention in market development is state aid (subsidies) to private sector enterprises. Over the period of 2004–2006, a great part of the EU aid was granted to business in Lithuania through the EU structural funds. State aid is a complicated phenomenon. It may have several aims, with none of them being dominant. The effects of this aid may also be varied and hardly described by a single criterion or indicator. Therefore, multiple criteria evaluation methods can be used to compare the aid to various businesses and to determine its effect on their development objectively. The analysis of state subsidies to enterprises based on these methods allowed us to state that the aid had the greatest effect on the development of projects in the areas of production, research, experiments and education. The most influencing factor is aid intensity (the more intensive the aid, the greater the effect), while the best ratios of investments to the effect obtained was found in the area of educational projects, followed by research, experimental and production projects. The aid to enterprises providing services was the least effective. The results obtained in multicriteria evaluation of state aid to business show that these methods are well suited to the analysis of this phenomenon, providing an objective view of the picture.


2017 ◽  
Vol 21 (3) ◽  
pp. 17-27
Author(s):  
Sławomir Juściński ◽  
Wiesław Piekarski ◽  
Zdzisław Chomik

AbstractDecisions concerning investments in farm tractors is a significant problem of modern agricultural production. Ensuring efficient performance of agrotechnical treatments and a rational level of use of tractors in the aspect of exploitation costs are a derivative of the power equipment level in a farm. The paper presents studies carried out in 31 selected farms, which run production on the total acreage of 937 ha of agricultural land (AL) and exploit 70 tractors. Analysis covered information on: area of farms, number and power of used tractors, investments in technical equipment concerning purchase of farm tractors and a production profile. In the investigated farms at the average per 100 ha of the agricultural land area there was 7.47 tractors, 90% of respondents actively used subsidies available from the EU structural funds. A high energy equipment level was determined in particular in farm with a smaller acreage. Over 87% of farm used more than one tractor and the age of the third each did not exceed six years.


Sign in / Sign up

Export Citation Format

Share Document