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Nesrin Uzun
Impact of the Global Financial Crisis on Housing in Bulgaria
Summary:
Negative effects of the global financial crisis is still not fully overcome in the world and the economies of individual countries continue to implement various measures to eliminate their effect. One of the most crisis-hit sectors of the economy proved to be construction and directly related to it real estate market. This article aims to make a critical analysis of the status and trends in the "construction", with an emphasis on housing during the 2008-2013 period. In order to thoroughly investigate the problem, the article will consider the state of the mortgage market in Bulgaria and opportunities for bank financing of construction enterprises (through direct funding and realisation of finished products - by financing customers in the form of housing loans) and their relation to the development of the construction sector in the country.
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Emil Mihaylov
The Law of Value and the Global Financial Crisis
Summary:
The modern world is in the vortex of an unprecedented as yet crisis. Nobody is capable of predicting neither the scope of the Slump nor its depth. Not to mention its duration.
Most publications related to the global financial crisis concern only the external symptoms of the Slump without looking into its deep reasons and driving forces. Given that, the risk of repeating the crisis in the foreseeable future is not only probable, but almost certain. This paper aims at focusing the attention of the leading economists, politicians and administrators to the forgotten laws and regularities of market economy, underlying and steering the driving forces of the global financial crisis.
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Ivan Marinov
Corporate Social Responsibility of Bulgarian Banking Sector – Mission and Business Practice
Summary:
As a consequence of legal regulation, the organization of bank activity and established traditions, society often treats commercial banks only as subjects, absorbing and redistributing monetary resources in order to obtain financial advantage which benefits both banks and their owners. However, a similar perception is not applicable to the vision of modern banks which demonstrate aspirations of harmony with the surrounding socio-economic environment and a desire to improve their image in the corporate community. In this respect, corporate social responsibility of banks is a way to voluntarily integrate their business into national and international processes.
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Mariana Georgieva
Operators in terms of crisis
Summary:
Financial crises are not a new phenomenon for monetary history. International statistics, however, that their manifestation is more frequent at the beginning of the 80-ies of the 20tn century. Shocks in the financial sector over the past two decades have their own distinctive characteristics. Liberalization and increased integration of financial markets, introducing some new elements in the study of crises and their development begins to differ from the previous development. Consequence of liberalization and international integration of financial services markets in the rapid spread of the crises and its impact in international development.
