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Support measures for small and medium-sized enterprises in Slovakia in response to COVID-19

Journal: European Scientific e-Journal (Vol.10, No. 4)

Publication Date:

Authors : ;

Page : 17-26

Keywords : SMEs; support measures; coronavirus crisis; covid-19;

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Abstract

The current coronavirus crisis represents a severe external shock that threatens especially small and medium-sized enterprises. In their case, measures related to saving of human lives sometimes have an existential impact. Due to the economic and social importance of small and medium-sized enterprises for the Slovak economy, it is necessary to carefully monitor the impact of the crisis on small and medium-sized enterprises and to develop measures to its mitigation and fast recovery. The aim of the article is to evaluate the measures to help SMEs in the Slovak Republic through a comparison with selected EU countries and to evaluate the financial impact of these measures on the Slovak economy. To evaluate the measures to help small and medium-sized enterprises in the Slovak Republic due to COVID-19 pandemic, it was used a method of comparison, i.e., the measures taken in the SR with selected EU countries compared. The financial impact of these measures on the Slovak economy in a way of adjustment of public revenues and public expenditures was analyzed. The materials of the article are intended for economists who study national and regional economic structures and markets.

Last modified: 2021-05-06 21:27:31