Economic principles of small and medium-sized enterprise development in Ukraine in times of war

Abstract

The article examines the definition of the concepts of "small and medium-sized enterprises," the essence, significance, reasons for the economic downturn, and the insignificant improvement in the indicators of economic development of these entities in the country. Attention is drawn to the fact that these economic entities are important components of the country's economic potential in market relations. Emphasis is placed on the peculiarities of business development in the conditions of a pandemic and wartime in Ukraine. The method of distinguishing small and medium-sized enterprises among micro and large enterprises in the economic system of Ukraine is investigated. A comparative analysis of the indicators of economic activity of active small and medium-sized enterprises in recent years is conducted. Some perennial problems of the economic development of SMEs are outlined, and new main challenges and problems of SME development associated with Russia's full-scale invasion of Ukraine are identified. Some positive shifts in the economic activities of small and medium-sized enterprises during the war in Ukraine and prospects for the post-war period are revealed. The authors formulate proposals for stabilizing and gradually increasing the potential of enterprises and the development of SMEs in the economy of the country, which is at war with the russian aggressor on the territory of Ukraine.