Legal regulation of «available loans 5-7-9%» in Ukraine

Abstract

Problem setting. In modern conditions, every country in the world is trying to do everything to develop existing business and improve the conditions for opening a new business, increase attractiveness for foreign investors and attract additional funds to the state economy. In order to achieve a quick and effective outcome, it is considered necessary to address the issues in an integrated manner. The point is that a number of factors that are important for the activities of economic entities and affect the choice of the country in which the new business will be created and investments should be made should be taken into account. In our opinion, it is advisable to include among such important factors: the absence of excessive bureaucratic barriers for entrepreneurs, stable legislation, a flexible tax system, financial support (assistance) to business.
Analysis of recent researches and publications. The study of some aspects of providing state financial support (assistance) to economic entities was carried out by such scientists as: N. M. Vnukova, S. V. Hlibko, A. A. Dmytryk, G. L. Znamensky, D. V. Lichak, Ya. Petrunenko and others. However, given the changes that have taken place in society in connection with the COVID19 pandemic, and the innovations that have been introduced to regulate legal relations in the field of economics, the need for modern research is necessitated. So, the purpose of this publication is to analyze the legal regulation of the provision of “available loans 5-7-9%” in Ukraine.
Article’s main body. It is significant that since the introduction of quarantine, a large number of regulatory legal acts have been adopted in Ukraine aimed at mitigating the consequences of the crisis. In particular, a number of legislative acts have been adopted to amend tax legislation. Also, the standard owner did not ignore the economic legislation in terms of making appropriate adjustments to the legal mechanism for providing financial support to economic entities. In accordance with the Procedure for providing financial state support to micro-entrepreneurs and small businesses one of the forms of support is the provision of loans to business entities.
Conclusions and prospects for the development. Attention is focused on peculiarities of providing financial support to economic entities. The legal mechanism for providing “available loans of 5-7-9%” as a type of financial support for business entities in Ukraine has been disclosed. It was noted that now the introduction of state guarantees on a portfolio basis as a form of state support for economic entities is insufficiently reasoned. The need to improve the legal regulation of the Program 5-7-9% is justified taking into account the positive experience of foreign countries.