International and domestic support for Ukraine's small business: statistical analysis and potential assessment
Year: 2025
Type: article
Abstract: The article explores modern aspects of international and domestic support for small businesses in Ukraine. It examines small businesses' economic role in martial law, particularly their impact on job creation, ensuring stability, and financial recovery. The analysis of grant support programs, both national and international, highlights their effectiveness and impact on the economic environment. The issues of limited access to financing are identified, and recommendations for improving grant assistance mechanisms are provided. Special attention is given to the effectiveness of grant programs for supporting small businesses during a crisis. It is determined that international assistance provided through European Union programs, such as COSME, Horizon Europe, and SME Fund, plays a crucial role in stabilizing and developing small enterprises. The experience of European countries in supporting small businesses can be valuable for Ukraine. The article also analyses national grant support programs, particularly those introduced in response to the full-scale invasion, aimed at veterans and their families. The results obtained form the basis for developing a strategy for the potential development of small businesses in Ukraine, which will contribute to economic growth and improve the population's welfare. Additionally, the impact of small business support on local community development and contributions to the state budget through tax payments is considered. An essential component of the study is the recommendations for improving financing mechanisms and enhancing the efficiency of grant programs.
Source: Economic Analysis
Authors: Yuliana Krasovska, Oksana Podlevska
Language: English
Topic: Economic Issues in Ukraine
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411746563