Published: Jul 31, 2019

  Svitlana Sliusar


The paper’s purpose is to provide recommendations for carrying out theoretical bases of existence, the analysis of the current state and the prospects of development of business in Ukraine. Methodology. During the writing of the article, the following research methods were used: the search for available methodological and scientific literature, comparison, clarification of causal relationships, systematization, analysis of documentation and results of researchers’ work on the problem of the conducted research and expert evaluation. Results. Business development is very difficult and multidimensional, and the influence of many factors on small and medium business entities and is ambiguous and, therefore, demands further complex evidence-based analysis. It concerns such aspects of a research as: a research of positive processes in the conditions of making shifts in infrastructure, which cause the accelerated development of small and medium business entities and its social and economic consequences; deeper determination of regularities of formation and development of small business as one of structure-forming factors of market economy of Ukraine; improvement of the organizational and economic mechanism of the state support of small and medium business in Ukraine and also in its certain regions and spheres of action. Practical implications. It is noticed, there are positive shifts in the course of improvement of conditions of business because of the reduction of a number of permitting documents and licensing types, simplification of procedures for obtaining licenses and permissions, reduction of the controlling pressure upon business, improvement of the sphere of providing administrative services, strengthening of responsibility for violation of the legislation in the sphere of economic activity. Value/originality. In the article, the latest statistical data are used according to the analysis of the current state of functioning of business in Ukraine, problems and the directions of development of small and medium business in Ukraine are selected.

How to Cite

Sliusar, S. (2019). BUSINESS IN MODERN CONDITIONS OF MANAGEMENT. Baltic Journal of Economic Studies, 5(2), 206-213.
Article views: 458 | PDF Downloads: 244



entrepreneurship, small business, medium business, economy, gross domestic product, development


Bekh, N. (2012). Osoblyvosti rozvytku i funktsionuvannya maloho i serednoho biznesu v Ukrayini ta sviti [Features of development and functioning of small and medium business in Ukraine and World]. Halytskyy ekonomichnyy visnyk, 1, 16–20. (in Ukrainian)

Derenko, O. A. (2014). Mizhnarodnyy dosvid derzhavnoho rehulyuvannya ta pidtrymky pidpryyemnytstva [International experience of state regulation and Business]. Biznesinform, 5, 95–9.7 (in Ukrainian)

Ekonomika pid obstrilom. Yak viyna na Skhodi vplyvaye na narodne hospodarstvo [Economy under firing. As war in the east influences the national economy]. State Statistical Service of Ukraine. Retrieved from: (in Ukrainian)

Pikhnyak, T. A. Svitovyy dosvid derzhavnoho upravlinnya rozvytkom maloho pidpryyemnytstva i mozhlyvosti yoho adaptatsiyi v Ukrainy [International experience of public administration by development of small business and a possibility of its adaptation in Ukraine]. Retrieved from: (in Ukrainian)

Zhyrko, S. O. Problemy rozvytku maloho ta serednoho pidpryyemnytstva v Ukrayini [Problems of development of small and average business in Ukraine]. Retrieved from: (in Ukrainian)

Samotoyenkova, O. V. (2005). Osoblyvosti rozvytku rynkovoyi infrastruktury v Ukrainy [Features of development of market infrastructure in Ukraine]. Visnyk sotsialno-ekonomichnykh doslidzhen, 19, 278–282. (in Ukrainian)

Samotoyenkova, O. V. (2009). Statystyka rynku tovariv i posluh : navch. posibnyk [Statistics of commodity market and services: tutorial]. Odessa: ОDEU. (in Ukrainian)

Zhalila, Ya. A. (2016). Malyy i seredniy biznes u poshukakh mistsya v stratehiyi ekonomichnoho zrostannya v Ukrainy [Small and medium business in search of the place in the strategy of economic growth in Ukraine]. Zb. nauk. stat.: Kyiv: Alterpres. (in Ukrainian)

Derzhavna sluzhba statystyky Ukrainy [State Statistics Service of Ukraine]. Retrieved from: (in Ukrainian)

Klochko, Yu. O., Hryn N. V. (2016). Spryyannya malomu pidpryyemnytstvu: stratehiya diy [Assistance to small business: the strategy of actions]. Male pidpryyemnytstvo i menedzhment v Ukrayini, 22-28. (in Ukrainian)

Klochko, Yu.O. (2017). Malyy ta seredniy biznes v Ukrayini: startovi mozhlyvosti, nynishni realiyi, stsenariyi na maybutnye [Small and medium business in Ukraine: starting opportunities, present realities, scenarios on the future]. Materialy vseukrayinskoyi konferentsiyi «Baryery ta mozhlyvosti maloho ta serednoho biznesu v Ukrayini». (in Ukrainian)

Honey, G. A. (2009). Short Guide to Reputation Risk. Farnham: Gower Publishing. Strategy That Works – Harvard Business Review Press. Retrieved from:

Frank J. Fabozzi (2002). The Handbook of Financial instruments: Handbook – Hoboken, New Jersey: John Wiley & Sons Inc.

Michael E. Porter (2008). The Five Competitive Forces that Shape Strategy. Harvard Business Review, January.