Year 2013, Issue 3
Date published10.9.2013
Table of content
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Bozhidar Bozhinov
Possibilities to Evaluate the Sustainability of the Banks in Bulgaria using a Rating System ALER(TS)JEL: G21Summary: As the global financial crisis of 2007 shows, the modern banks are crucial for the stability of the financial sector and the economy as a whole. The study aims to present to academics and banking professionals the developed... As the global financial crisis of 2007 shows, the modern banks are crucial for the stability of the financial sector and the economy as a whole. The study aims to present to academics and banking professionals the developed methodology of the evaluation system for sustainable development of the banking sector ALER(TS) and assess the extent of its applicability based on real data analysis. The study argues that an independent and open-rating system to evaluating the banking sector contributes to increase its stability and competitiveness.DOI: -
Daniela Feschiyan
Financial Analysis of the Structure, Composition and Effective Use of Publicly Owned Real EstateJEL: M 41Keywords: Real estate, Financial analysis, Financial indicators, Analysis of the structure and composition, Analysis of services provided by real estate assets, Effectiveness analysis of the use of propertySummary: The research presents the structure and content for a system of indicators for financial analysis of publicly owned real estate. The aim is to clarify the logic, significance, numerical values and methods of use of the proposed... The research presents the structure and content for a system of indicators for financial analysis of publicly owned real estate. The aim is to clarify the logic, significance, numerical values and methods of use of the proposed indicators for financial analysis and evaluation of the effective use real estate. Potential approaches of examining their comparability and compatibility with other indicators, as well as opportunities for clustering of similar performance and time tracking analysis of objects are discussed. The methodology for deriving the indicators and their meanings enables the study of the effectiveness of the functioning of publicly owned real estate. The proposed system of indicators will improve the effective decision making in the management of publicly owned real estate. Developed by the author, a system of indicators of financial analysis of municipal property was piloted in 6 municipalities in South-Eastern Europe - the Municipality of Tirana, Municipality of Bucharest, Sofia Municipality, Municipality of Athens, City of Zagreb, and Municipality of Cajetina.DOI: -
Marina Nikolova
Posibilities for Ecologically-Oriented Utilization of Agricultural BiomassSummary: Biomass contributes the major share to the renewable energy sources (RES) potential in Bulgaria. A considerable amount of biomass is produces as a result of breeding animals, growing various crops, storing waste, maintaining green... Biomass contributes the major share to the renewable energy sources (RES) potential in Bulgaria. A considerable amount of biomass is produces as a result of breeding animals, growing various crops, storing waste, maintaining green areas in the public sector or recycling waste waters. An important mechanism for effective utilization of energy and biomass energy, in particular, is communal energy planning. Municipalities, micro-regions and regions should develop and strategically consider systems for utilizing separate energy sources, including biomass. For this reason, modern ecologically-oriented energy production technologies are of great importance for the local economies of each particular region and also lead to improvement of their ecological balance. With reference to this, it is necessary to make a timely assessment of the effectiveness and potential for electricity production form biomass in Bulgaria.DOI: -
Miryana Hristova
Commutational Properties of Powers of Operators of Mixed Type Increasing the PowersSummary: The operators were considered in [11] with non-negative integers. Here they are considered with parameters in the space of the polynomials with complex coefficients or in the space of functions analytic in neighbourhoods of... The operators were considered in [11] with non-negative integers. Here they are considered with parameters in the space of the polynomials with complex coefficients or in the space of functions analytic in neighbourhoods of the origin. Power series description of the commutant of powers of is given and then the question about the minimal commutativity of H (in the sense of Raichinov [13]) is discussed.DOI: -
Galina Chipriyanova
Specific Aspects of the Inventory of Assets in the Enterprises with Agricultural ActivitiesJEL: M 41Summary: Basic requirement in the activity of the agricultural enterprises is to present a true and fair financial and property status, accounted financial results and changes in cash flows. In the stage of preparation for the annual... Basic requirement in the activity of the agricultural enterprises is to present a true and fair financial and property status, accounted financial results and changes in cash flows. In the stage of preparation for the annual accounting closure most important precondition for this is to perform an annual inventory of assets, equity and liabilities. In the current research we will focus our attention on the inventory of assets in the agricultural enterprises.DOI: -
Stoyan Nalbantov
“Money Laundering” Phenomenon as a Threat to the Stability of the National EconomyKeywords: economic consequences, legalization of profits, money laundering, criminal activity, financial systemSummary: This article examines the nature, complexity and specific features of the term “money laundering” as an activity of legalization of illegally obtained funds and their presentation as coming from a legitimate economic activity. What... This article examines the nature, complexity and specific features of the term “money laundering” as an activity of legalization of illegally obtained funds and their presentation as coming from a legitimate economic activity. What are clarified are the stages through which the process of “dirty” money laundering (placement, layering and integration) passes using multiple operations and schemes of different types and complexity. Outlined are the negative consequences and effects from the integration of criminally acquired profits in the financial system and their impact on the economic, political and social life of the country.DOI: