Export Potential and Measures to Support Small and Medium-Sized Enterprises

S.S. Morkovina, V.V. Malitskaya, E.A. Panyavina, I.V. Sibiryatkina
European Research Studies Journal, Volume XXI, Special Issue 1, 303-314, 2018
EOI: 10.11214/thalassinos.21.05.029

Abstract:

The article presents the results of the study and the comparative analysis of the development of SMEs in the EU and RF countries. The estimation of SMEs' entrepreneurial confidence in the sphere of industrial production is given. Existing incentive mechanisms for export-oriented SMEs in the EU are considered.It is determined that support for export-oriented SMEs in Russia is aimed at overcoming export barriers, increasing the activity and the competitiveness of the exporting enterprises.It has been established that the mechanism of financial support for export-oriented SMEs and the shift from direct export support to support export-oriented production, including the development of system of concessional loans for the development of export production, similar to the EU need to be changed.This allows producers to reasonably approach their financial capabilities and effectively build export planning. Priority is targeted support for specific industrial enterprises from among SMEs having experience of export and differing in a significant level of entrepreneurial confidence.


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