Abstract
The article states that the state of the modern small business is characterized by negative financial and economic and social indicators. The negative impact on the development of this sector with military clashes and conflicts. Therefore, there is need for reform and renewal of the state mechanism to support small businesses, taking into account the negative factors of the environment. The purpose of the article is to examine the characteristics of development at the small business in Ukraine under present conditions, analysis of the major deficiencies and determine the prospects of small businesses. Determined that there is a clear relationship trends and trends in small business of scientific and technological progress. It is noted that in European countries is dominated by small and medium enterprises, their share in the total number of enterprises is 99.8%, two-thirds of the employed population (65.8%) are employed in small and mediumsized enterprises, 58.8% of the annual turnover in Europe and accounts for this sector. However, small businesses Ukraine missed its development potential and does not perform assigned tasks. This is due to insufficient attention of local authorities in this sector, namely the lack of permanent tracked the development of such enterprises; imperfect administrative support; inefficient infrastructure software and more. In this regard, it is necessary to find innovative means of administrative support and market conditions such enterprises unstable environment. The main task of the Ukrainian authorities is, first, to carry out regulatory reform, which will create a qualitatively new system of state regulation that will protect both entrepreneurs and consumers. Secondly, it is necessary to reduce the number of permits for doing business, as Ukraine lags behind in this component. Third, it is necessary to create a state credit guarantee institution in order to encourage commercial banks to lend to small businesses with minimal financial risk. Having analyzed the state and dynamics of the general parameters of small business in Ukraine, it should be noted that they do not meet the needs of the Ukrainian economy. The development of small business in Ukraine is much lower than in developed countries. During a coronavirus pandemic, where most small businesses have either closed or are not operating at full capacity, government assistance is important.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
