State Business Support Programs in Wartime Conditions

• Published in: Economic affairs (Calcutta) 2023-03, Vol.68 (1s), p.231-242
• Main Author: Alekseieva, Kateryna
• Format: Article
• Language: English
• Subjects: Entrepreneurial finance; Entrepreneurs; Entrepreneurship; Human capital; Intellectual property; Loans; Martial law; State regulation; War
• ISSN: 0424-2513; 0976-4666
• DOI: 10.46852/0424-2513.1s.2023.26

The relevance of the stated topic is determined by the state's goal of creating an environment capable of resuscitating business entities and saving them from bankruptcy to recover from the shock of the national economy. The article describes the government's business support activities in Ukraine. The author presents and analyzes the existing state support programs, both those launched during martial law and those that have continued and transformed to meet the needs of the business. The author emphasizes the cause-and-effect relationship of business problems in the context of Russia's military aggression. The state aid in agribusiness, which constitutes the food security of the state, is systematized. To preserve/resuscitate a business, the state is obliged to create all conditions for its functioning and reproduction under new economic conditions. Based on general scientific and special methods, the author conducted a study of the content of state support under martial law. An important issue is to identify those business representatives who should be supported and discouraged, the so-called zombie firms. Based on the comparison of the scale of state aid and business problems, the author concludes that it should be supplemented and the existing anti-crisis measures and their preferential financing should be revised. The newest directions for further research should be to evaluate the effectiveness of state business support programs and establish clear criteria for selecting the most viable business entities.