Support Measures for Small and Medium-Sized Enterprises in Slovakia in Response to COVID-19
DOI:
https://doi.org/10.47451/ecn2021-02-001Keywords:
SMEs, support measures, coronavirus crisis, covid-19Abstract
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.
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