Implementation of EU legislation into the national legislation of Ukraine in the regulation of state support of small and medium-sized businesses

The article examines the implementation of European requirements for the regulation of state support of small and medium-sized businesses into Ukrainian legislation. The relevance of this article lies in the fact that Ukraine’s established obligations regarding the adaptation of legislation to European standards, which affect the regulation of state support for small and medium-sized businesses, have not yet been finalized.” At the same time, the relevance of supporting small and medium-sized businesses in the context of the National Economic Strategy until 2030 and deregulation reforms is reflected in the strategic goals of entrepreneurship development defined by these documents. This highlights the importance of creating a favorable business environment for small and medium-sized businesses aimed at increasing their competitiveness and innovation. Thus, the implementation of European requirements and the planning of actions to improve the mechanism of state aid to enterprises reflect the importance of the topic, since these measures are aimed at ensuring the compliance of Ukrainian legislation with European standards and at supporting the development of small and medium-sized businesses in the context of European integration. Ukraine seeks to deepen its economic ties with the European Union, and for this it is necessary to harmonize legislation to European standards. In particular, regulation of state support for small and medium-sized businesses in accordance with European norms can facilitate the access of Ukrainian companies to the European market. Small and medium-sized businesses in Ukraine play an important role in shaping the country’s economic potential. The implementation of European requirements for state support can contribute to the growth of this sector, creating more favorable conditions for the development of entrepreneurship, increasing competitiveness and attracting investments. In Ukraine, the first project of the Strategy for the Development of SMEs until 2027 is being implemented, aimed at solving the pressing problems of the sector, such as access to financing, logistics and personnel shortage. This initiative meets the requirements of the European Commission and is designed to ensure the integration of SMEs into the European market and increase their competitiveness. Changing Ukrainian legislation in accordance with European requirements can contribute to the harmonization of various sectors of the economy and increase the confidence of both domestic and foreign investors in business conditions in Ukraine.