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Stanislava Stoyanova
Specifics of the Team Approach for Collection
of Management Decisions in the Modern Organization
Summary:
This scientific article examines the specific features and challenges of decision-making in terms of teamwork, and its main purpose is to present their role and influence in achieving efficiency in the management of modern...
This scientific article examines the specific features and challenges of decision-making in terms of teamwork, and its main purpose is to present their role and influence in achieving efficiency in the management of modern organizations. It examines theoretical statements that describe the nature and some patterns of the decision-making process in the team form of activity, its stages and ambivalent characteristics. The emphasis is on the development of ideas about the role of the team in achieving effective management of organizations. After studying the above features, the basic factors influencing the efficiency in the process of making management decisions are derived.
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Krassimira Kostadonova Naydenova
Evaluation of the Effects of Certain Regulatory Decisions for the Financial Market In Bulgaria
Summary:
The capital market in Bulgaria is not a working one and is not useful for the national economy. Despite the regulatory framework that meets the highest global standards, companies are unable to gather new capital and investors do...
The capital market in Bulgaria is not a working one and is not useful for the national economy. Despite the regulatory framework that meets the highest global standards, companies are unable to gather new capital and investors do not have access to quality Bulgarian financial assets. Securitization is presented only through the isolated segment of real estate investment trusts. The banking market is wide but concentrated in ownership and far from modern banking, and full integration with the European financial market remains unclear.
These weaknesses are result of ineffective government intervention, constitute a regulatory failure and have consequences - a capital market that fails to generate adequate investment opportunities for Bulgarian capital and to finance high value-added projects, bank concentration with all the negatives on depositors, borrowers and investors, unfulfilled financial integration with effects on the entire national financial system and ultimately, the colossal loss of national income.
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Velichka Nikolova
The Impact of Interest Rate Changes on Bulgaria’s Government Debt for the Period 2003-2018
Summary:
This article emphasizes on the impact of interest rate changes on government debt. For this purpose, theoretical and empirical studies are initially systematized with the main focus being placed on the change of government debt in...
This article emphasizes on the impact of interest rate changes on government debt. For this purpose, theoretical and empirical studies are initially systematized with the main focus being placed on the change of government debt in terms of continuously decreasing interest rates. The main trends in the change of government debt, interest payments, the real GDP growth rates and the interest rates for long-term government bonds in Bulgaria are also analyzed. The econometric analysis of the relationship between interest rates and government debt is applied including tests for long and short run causal relationship among variables. When comparing the results obtained for the degree of impact of interest rates and economic growth on debt, it is concluded that interest rates have a statistically significant but weak effect on government debt. There is much stronger (positive and statistically significant) effect of economic growth on debt, as opposed to the effect of interest rates.
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Viktoriia Psota
Creation of a Mechanism for the Implementation of Green Purchases in the Public Sector: Ukrainian Experience
Summary:
The globalization of public relations has led to the need to reform the public sector of the economy. Harmonization of legislation and regulatory basis with European Union standards requires the generation of new approaches and...
The globalization of public relations has led to the need to reform the public sector of the economy. Harmonization of legislation and regulatory basis with European Union standards requires the generation of new approaches and forms of interaction between customers and participants in procurement processes. The reform of the public procurement system gave an impetus to a change in the attitude of the state customers to the procurement process and the recognition of the need to introduce green procurement.
In the article, the authors investigate the process of implementing green procurement in Ukraine, analyse the regulatory basis and determine the shortcomings in the implementation of the environmental procurement mechanism. In this work carried out a research the priority sectors of the economy for which procurement is most often realize in the regions of Ukraine and suggests using an individual approach to the implementation of green procurement, depending on the needs of the local public sector. The work has developed tools for implementing green procurement, but the mechanism for their application requires research by a wider circle of specialists in various industries. The authors note the shortcomings of the generally accepted methodology for calculating budget savings, which does not take into account the life cycle of goods, should be the future research of scientists.
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Vladimir Sirkarov
Bitcoin Cryptocurrency as Money – a Monetary Analysis by Using the Ludwig von Mises Regression Theorem
Summary:
Money came into existence on the basis of market relations in the absence of state intervention. The first means of exchange date back earlier than the development of clearly-established structures of public administration. The need...
Money came into existence on the basis of market relations in the absence of state intervention. The first means of exchange date back earlier than the development of clearly-established structures of public administration. The need for money was generated during an early form of trade, the barter. In general, the actual functions of money cover three general categories: a medium of exchange, a store of value and a unit of account. Money should be a universal force. This does not mean that money can be used by everyone; it requires wide application and sustainability. Ludwig von Mises' regression theorem is a praxeological analysis of the marginal utility of money. It analyzes reaching a historical moment when a commodity becomes a medium of exchange. The emergence of a new medium of exchange is based on an existing pricing mechanism. The subjective monetary value at the moment can be thus calculated. Bitcoin is a medium of exchange, but it still has no universal status. Cryptocurrency does not contradict the regression theorem and has the theoretical basis to turn into money. It depends on the preferences of economic agents whether this will happen or not.
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Teodora Filipova
International Conference about project “EP Social Inclusion Women Entrepreneurship E-learning”
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Mariana Drumeva
About the Beginning of Higher Economic Education in Bulgaria - Ivan Rusev
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Lyudmil Nestorov
In Memoriam
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