RESILIENCE AND ADAPTATION STRATEGIES OF DIFFERENT REGIONS IN UKRAINE IN SUPPORTING SMALL AND MEDIUM ENTERPRISES DURING THE WAR PERIOD
Authors:   Kyiv National Economic University named Vadym Hetman, Ukraine, Polishchuk Yevheniia , Lavreniuk Vladyslav ,   Kyiv National Economic University named Vadym Hetman, Ukraine
Published: December 2023

This study aims to examine the economic resilience and adaptation strategies of different regions in Ukraine amid the ongoing war and the challenges faced by small and medium enterprises (SMEs). The methodological approach, combining a rigorous Secondary Data Review with advanced analytical tools like DEEP software, provides a robust framework for understanding the diverse strategies Ukrainian regions have employed to support SMEs amidst war. The methodology ensures a comprehensive, accurate, and ethically sound analysis, contributing valuable insights into economic resilience in conflict zones. As a result, in different regions were identified own particularities of resilience and adaptation strategies. In Chernivtsi, the focus is on environmental sustainability and employment opportunities, as seen in initiatives like "Green Plastic". The State Employment Service has significantly aided internally displaced people (IDPs), with compensation programs for employers. Chernihiv's recovery efforts center on financial aid for damaged businesses, with the regional budget providing partial reimbursements. Cherkasy highlights the role of international cooperation, with USAID's substantial grant to Aramis, a local company, enhancing its production capabilities and bolstering the region’s manufacturing sector. Dnipropetrovska offers insights into grant competition for SMEs, supported by EU and Germany, and IDPs’ access to micro-business grants. Ivano-Frankivska's "Warm City Grants" program demonstrates increased co-financing for participants, emphasizing support for micro and small business entities. Kharkivska reveals a shift in business activities towards military needs, while Khersonska focuses on grant assistance for small businesses affected by the invasion. In Kyivska, numerous initiatives, such as the "eRobota" program, training for business owners, and the launch of a training program with Google, support the burgeoning entrepreneurial spirit despite challenges. Lvivska's investment in logistics and a targeted regional program for relocated enterprises are notable, as is Luhanska's struggle with its coal industry in the face of war. The practical implications of this study provide actionable insights for policymakers and stakeholders, guiding effective support strategies for SMEs in conflict-affected regions. Value/originality. Each region displays unique strategies and programs to combat the economic fallout of the war. This includes support for IDPs, revitalization of damaged businesses, and fostering new entrepreneurial ventures. The findings underscore the critical role of governmental and international support in sustaining and reviving economies in war-affected areas. The study concludes that despite the severe challenges posed by the war, the resilience and adaptability of Ukrainian regions are evident in their diverse approaches to economic recovery and support for IDPs and SMEs. This resilience not only aids in immediate recovery but also lays a foundation for long-term economic stability and growth.