SPECIFICS OF BUSINESS SUPPORT AND DEVELOPMENT UNDER MARTIAL LAW IN UKRAINE

Анотація

The purpose of the article is to identify the specifics of business support and development under martial law in Ukraine.Results.It is emphasised that since the beginning of hostilities, the efficiency of the public sector of the economy has significantly declined, due to: the suspension of operations of enterprises in the area of active hostilities as a result of their partial or complete destruction; the blockade of seaports, which negatively affected exports; the suspension of transport links in the areas of active hostilities and the complete cancellation of air traffic; the destruction of the logistics system for the supply of certain production components; changes in the structure of demand and production; loss of sales and supply markets; lower tax revenues; a drop in the country's gross domestic product and a budget deficit.In this regard, it is emphasised that such a situation requires the state to develop a set of measures to facilitate an enabling environment for functioning of the economy in times of war, focused primarily on the preservation and restoration of industry, production and jobs, to support purchasing power and domestic demand, ensuring macroeconomic stability, to introduce government support and create favourable conditions for small and medium-sized businesses.Conclusions.It is concluded that today, the priority sectors where the functioning of enterprises under martial law should be regulated are the agricultural sector, food industry, pharmaceuticals, light industry, trade and provision of resources.The author analyses the measures taken at the national and regional levels to stabilise the economic situation in the country, including those aimed at increasing entrepreneurial mobility and organising business in the territories, where active hostilities are not taking place, as well as facilitating an enabling environment for a rapid economic recovery, including the return of businesses forced to suspend operations.The author offers original perspective on the list of measures that should be implemented to ensure support and development of business in Ukraine in the context of the introduction of the martial law regime.

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