STATE INVESTMENT SUPPORT FOR ENTERPRISES OF UKRAINIAN AGRO-INDUSTRIAL SECTOR UNDER MARTIAL LAW

Keywords: investment support, grant, credit, small and medium-sized enterprises, agro-industrial sector, state support programs, competitiveness, food security

Abstract

The article is devoted to the topical issue of support for agro-food sector enterprises in the conditions of war in Ukraine. The problem of providing food to the population of Ukraine, which is currently facing our state, has been determined, what prove actuality of provided research. The purpose of the study is to highlight directions of the state investment support for enterprises of agro-industrial sector. Methods that were used are theoretical, analytical, statistical, comparison and expert method. In the article the role of the enterprise of the agro-industrial sector in solving this problem is substantiated, and the factors due to which enterprises of this sector bear losses are indicated. The main programs offered by the state to support enterprises in the agro-industrial sector have been studied. It is noted that the importance of the implementation of these programs has both as short-term effect for the enterprises themselves in terms of providing opportunities for their activities and ensuring income and saturation of the market with the necessary products, as well as long-term one, ensuring the employment of the population, the receipt of funds in the state budget, balancing product prices, increasing the well-being of the country's residents. It was determined that the state currently plays an important role in providing opportunities for enterprises of the agro-industrial sector to function even if the capacities of enterprises are moved, which, in turn, allows to produce products already today, reduce tension in society and solve the problem of food insecurity. The grant and credit programs proposed by the state allow to solve current socio-economic issues of Ukraine, which are exacerbated in moments of crisis and which we can observe in the conditions of this war. It has been analyzed that it is possible to receive a grant or a loan on favorable terms under the condition of creating of workplaces are created during the financing of the program. Main practical value of the article is in it was determined that enterprises of the agro-industrial sector are important for the functioning of the country's economy in conditions of challenges, and the shortage of food products on the market causes an increase in prices, which further exacerbates socio-economic problems in society. That is why it is necessary to study the possibilities of participation in state investment programs to support enterprises of this sector.

References

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Dergach A. (2022) “Organizational support of state management of investment projects.” Bioekonomika i ahrarnyy biznes – Bioeconomy and agrarian business. Vol. 13, Iss. 2. DOI: http://dx.doi.org/10.31548/bioeconomy13(2).2022.17-27

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Published
2023-11-28
How to Cite
Shynkaruk, L., Dielini, M., & Gerashchenko, M. (2023). STATE INVESTMENT SUPPORT FOR ENTERPRISES OF UKRAINIAN AGRO-INDUSTRIAL SECTOR UNDER MARTIAL LAW. Economy and Society, (57). https://doi.org/10.32782/2524-0072/2023-57-89
Section
ECONOMICS