IMPROVEMENT THE PROVIDING OF STATE AID TO BUSINESS ENTITIES

Abstract

Getting a positive result from the introduction of state aid to business entities largely depends on the efficiency of regulation and the only possible due to the introduction of monitoring and control of state aid. The Law of Ukraine "On State Aid to business entities" establishes the basic principles of the construction and the procedure for the introduction of a complete functional monitoring and control of state aid to business entities which is defined by the Antimonopoly Committee of Ukraine as an authorized body in this field. It is important to reform the policy and legal regulation of state aid in Ukraine in a way which will create transparent mechanisms of regulation and minimize the negative impact on competition in the provision of such support.