Year 2022, Issue 1
Date published31.3.2022
Table of content
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Svetoslav Iliychovski
Possibilities for Determination of the Liquidation ValueJEL: G12Keywords: cost approach, liquidation value method, liquidation value, normal liquidation, accelerated liquidationSummary: Currently, the global and national economies are experiencing an increase in the level of uncertainty, which is remarkable especially in the markets for the most traded assets. This, in turn, affects the activities of companies in... Currently, the global and national economies are experiencing an increase in the level of uncertainty, which is remarkable especially in the markets for the most traded assets. This, in turn, affects the activities of companies in terms of prices, demand and supply of specific resources, which makes it difficult to correctly determine the value of enterprises. Evaluation plays a crucial role in balancing the interests of all stakeholders at such a time. In many cases, the appraisers face the task in practice to derive, determine a value different from the market - liquidation, investment and others. In the present study we focus on the possibilities for determining the liquidation value.DOI: -
Svetoslav Borisov
Regulatory and Tax Challenges to Cryptoasset MarketSummary: Many potential benefits of crypto assets for the financial sector are widely recognized, including cost savings, improved efficiency and transparency. The proliferation of cryptocurrencies and the remarkable expansion of novel... Many potential benefits of crypto assets for the financial sector are widely recognized, including cost savings, improved efficiency and transparency. The proliferation of cryptocurrencies and the remarkable expansion of novel economic practices associated with them pose an unprecedented challenge to established norms of taxation and market regulation. Currently, at the EU-wide level, there is a regulatory gap, which contributes to legal uncertainty and weak investor protection. The European Commission took the first steps to assume its competence over all crypto assets within the EU and, after a comprehensive review of the entire crypto assets ecosystem, issued a proposal for a regulation on markets in crypto assets. The EU legislative initiatives seek to unlock the potential of crypto-assets while mitigating the risks to financial stability, market integrity and consumer protection. This will lead to additional and better financial products for consumers, improving financial inclusion and financing of businesses. This study analyzes the regulatory achievements and challenges to overcome the widespread implementation of blockchain technology and the use of cryptocurrencies. The strengths and weaknesses in the tax practices for taxation of virtual currencies in some countries are discussed, and the emphasis is on the possibilities for overcoming the problem of tax evasion.DOI: -
Nadya Parpulova, Vladimir Zinoviev
Economic Alternatives for the Transport and Energy Sector in the Crisis with Energy SuppliesSummary: Russia is a major energy and commodity producer. The current conflict in Ukraine escalates inflation to extreme levels causes a disruption and provokes high risks to global growth. Brent oil and natural gas prices spiked early in... Russia is a major energy and commodity producer. The current conflict in Ukraine escalates inflation to extreme levels causes a disruption and provokes high risks to global growth. Brent oil and natural gas prices spiked early in March before falling back, with Brent oil ending the month at $103 per barrel and European gas prices at ˆ121 per megawatt hour, up 33% and 55% respectively since the start of the year. The European Commission announced ambitious plans to reduce imports of gas from Russia by two-thirds before the end of the year via more diversification, energy efficiency and by accelerating investments in wind and solar power plants. Despite this ambition, the March EU summit in Versailles highlighted that there are few near-term alternatives to Russian gas and that reducing European dependency on Russian gas requires a long-term strategy.DOI: -
Kiril Luchkov
Àccents of Annual Accounting Closure in Non-Financial EnterprisesJEL: Ì41Keywords: current reporting, accounting closure, non-financial enterprises, financial statements, accounting policy, inventorySummary: In the present research we are focusing our attention on some principled and procedural questions about the annual accounting closure in non-financial enterprises applying IAS/IFRS as a reporting base related to preparation and... In the present research we are focusing our attention on some principled and procedural questions about the annual accounting closure in non-financial enterprises applying IAS/IFRS as a reporting base related to preparation and presentation of the annual financial statement. Without claims of exhaustion, the main stages of annual accounting closure are analysed in chronological order, the duration of which depends on specific features of the enterprise itself and the organisation of the accounting process. Emphasis is placed on the inventory of the assets and liabilities whose purpose guarantees the informational authencity which is announced in the annual financial statement.DOI: -
Hristo Nikolov
Organizational Structures in Management Systems - Science and Practice in Industrial EnterprisesSummary: The article provides a theoretical overview of the nature and role of organizational structures in the enterprise management system. The processes that affect them are considered, as a result of which changes should be made in the... The article provides a theoretical overview of the nature and role of organizational structures in the enterprise management system. The processes that affect them are considered, as a result of which changes should be made in the organizational structures of enterprises in order to achieve effective management. Management systems are characterized. A definition of the industrial enterprise as a system is given and its main characteristics are indicated. The main approaches and methods of enterprise management are considered. The organizational structure in the management system is a variable of the internal environment of the industrial enterprise as a result of the influence of both internal and external factors.DOI: