Корпоративно управление в развитите пазарни икономики и в България

Author(s): Evgeny Peev / Language(s): Bulgarian Publication Year: 0

The paper presents а comparative analysis of corporate governance in Bulgaria and developed market economies. It focuses on key issues, namely: (i) согроrate governance systems; (ii) governance structures; (iii) legal system; (iv) the impact of corporate governance on economic development. The emerging Bulgarian system of corporate governance challenges our conventional understanding of "insider-outsider" dichotomy for financial systems in market economies. In Bulgaria, capital markets are underdeveloped but banks are not major shareholders of non-financial companies. This creates credit constraints to companies and hampers corporate growth.

Поведението на фирмите в процеса на формиране модела на корпоративно управление в България

Author(s): Liliya Chankova / Language(s): Bulgarian Publication Year: 0

The paper examines the companies' behavior in the Bulgarian conditions under transition. The influence of the macro- and the microeconomic environment and the state of the corporate governance as main factors for the companies' behavior are analyzed. The characteristic features of the corporations' behavior in the transition to market economy in Bulgaria are represented for two periods (1992-1997 and 1998-2001) by using the "case study" method.

Актуални проблеми на управлението на корпорациите в България

Author(s): Pencho Penchev / Language(s): Bulgarian Publication Year: 0

The paper reviews the main problems that have to be resolved by the manager teams of the corporations at the present stage of the country development. They are related to the role of international and domestic environment and the overcoming of the conflict between the corporations' goals and their resources; elaboration of managerial solutions and improvement of the managers' knowledge and skills; the strategic planning system and the implementation of adequate organizational structures; implementation of appropriate motivation mechanisms.

Challenges to labor market development in Bulgaria

Author(s): Venelin Terziev,Stefan Stanchev / Language(s): English Publication Year: 0

The paper examines challenges to labor market in the Republic of Bulgaria. The analyses of its development from the beginning of the transition to the market economy, structural changes in employment and unemployment, individual labor supply and policy of building a functioning labor market reveal specific factors of the unemployment and the growth in the country. Current problems are dicussed and general conclusions about future development are drawn on the basis of the examined aspects of labor market development influenced by the periods of economic development and the place and the roles of labor market policies in the general economic policy.

Нови подходи и решения за повишаване конкурентоспособността на предприятията и регионално иновационно развитие

Author(s): Konstantin Madzharov / Language(s): Bulgarian Publication Year: 0

The presentation discusses the current social and economic situation in Bulgaria imposing the need of application of new approaches and instruments in establishment of knowledge and innovation based economy, raising competitiveness of enterprises and achievement of a balanced regional development. Through the example of the concept of foundation of the Trakia National Agrarian Technology Park good practices having great potentials of contribution to sustainable development are considered.

Ролята на човешкия капитал в изграждане на икономика, основана на знанието

Author(s): Nikolay Ninov / Language(s): Bulgarian Publication Year: 0

In times of dynamic changes and comprehensive transformation of the social environment and subjects of management several problems inevitably arise in which undoubtedly a key one shines behind - that of the crisis in management. The essence of the latter is related to the partial or complete absence of organizational experience operating in fundamentally new conditions, lack of understanding of the dynamic processes influencing decision making, irrational behavior for template transfer and application of foreign experience, aptitude to compromise, use of "morally" outdated management approaches built in traditional forms of organization, management style and ways of behavior and thinking that remain unchanged regardless of the highly dynamical business environment.Therefore, the requirements to the organization's staff are constantly increasing, which requires a reassessment of the considered as constant management models and adoption of conceptually new organizational solutions in this area. The paper discusses the role of the human capital in knowledge-based economy providing conclusions and recommendation on the importance of its development. The creation of human capital having “new skills for new jobs"”is possible if higher education, research centers and companies pool their efforts to build the managers of the future and ensure the competitiveness of the knowledge triangle “education - science – innovation”.

Соціально-трудові відносини в регіоні в умовах децентралізації

Author(s): Denis Vasylychev / Language(s): Ukrainian Publication Year: 0

The article describes the system of social and labor relations in the framework of decentralization state management system. The author outlines that priority of decentralization lies in determination of main directions of regional management of social and labor relations as well as specification of means and methods of their implementation by formation of regional social development strategy.

Policy for Corporate Governance Development in Join-Stock Companies in Bulgaria - Policy Recommendation Paper

Author(s): Author Not Specified / Language(s): English

The Policy Paper is aimed to assist the efforts of state institutions and market participants to analyze and improve the economic and legal conditions for development of corporate governance in Bulgaria. It proposes guidelines and specific recommendations for investors, joint-stock companies, stock exchange and all other organizations concerned with corporate governance.

CSD Policy Brief No. 31: Антимафия: Опитът на Италия в противодействието на организираната престъпност

Author(s): Author Not Specified / Language(s): Bulgarian

In recent decades the Italian authorities implemented a number of measures and policies as a direct response to the threat of organized crime. These new measures were intended to expand the scope and the number of law enforcement and judicial instruments and were an attempt to complement the conventional approaches, which were no longer effective in light of the persisting mafia influence against public institutions. This is why the Italian experience is specifically valuable for countries like Bulgaria, which are vulnerable to corruption and organized crime.

CSD Policy Brief No. 32: Възстановяване на безмитната търговия по сухопътните граници: крачка назад в противодействието на организираната престъпност и корупцията

Author(s): Author Not Specified / Language(s): Bulgarian

Since the early 1990s the duty-free shops along Bulgaria’s land-border crossings were used as a channel for illegal import of excise goods (cigarettes, alcohol and petrol). With the increase of excise and VAT taxes in the second-half of the 1990s, the risk of alcohol and cigarettes smuggling increased rapidly. The duty-free shops gradually evolved into one of the main channels for the smuggling of cigarettes, alcohol, and fuel. At that period, duty free operators existed without a legal regulation but only with a licensing permit from the Minister of Finance. The smuggling was tacitly tolerated from the highest political level.

CSD Policy Brief No. 33: Управление и разпореждане с отнети имущества, придобити от престъпна дейност

Author(s): Author Not Specified / Language(s): Bulgarian

Confiscation of proceeds from illegal activities is a widely applied mechanism in combating organized crime. The introduction and application of this mechanism is defined in several international and European acts, and is motivated by the need to restore social justice. Both the UN Convention against Transnational Organized Crime and the UN Convention against Corruption address the disposal of confiscated assets and recommend its use primarily for compensating the victims of crime. A number of European countries have implemented respective measures and mechanisms like: distribution schemes for compensation of victims of crime, financing of programs for fight against drug use, social re-use of confiscated property.

Od redaktorów

Author(s): Łukasz Hardt,Dominika Milczarek-Andrzejewska / Language(s): Polish Publication Year: 0

Profesor Jerzy Wilkin – badacz i nauczyciel

Author(s): Marek Bednarski / Language(s): Polish Publication Year: 0

Nowe nurty ekonomii a osądy moralne

Author(s): Karolina Safarzyńska / Language(s): Polish Publication Year: 0

Czas pracy w polskiej gospodarce. Ewolucja, jej przyczyny i konsekwencje zmian

Author(s): Marek Bednarski / Language(s): Polish Publication Year: 0

Jaki kapitalizm? Jakie państwo? Schumpeterowska teoria wzrostu gospodarczego a koncepcja inteligentnego państwa (smart state)

Author(s): Michał Brzeziński / Language(s): Polish Publication Year: 0

Draft Law on Anti-Money Laundering and Countering Financing of Terrorism – Source of Economic Stability or Instability?

Author(s): Sergiu Gaibu / Language(s): English

The aim of this note is to provide recommendations on improvement of the draft law as well as of the certain elements of mechanisms present in Moldova on preventing and combating money laundering, so that to protect the fundamental rights, proper functioning of the business environment and to preserve a rational approach to prevention and combating the money laundering phenomenon. It is vitally important to understand the general context and the role of prevention and combating money laundering in such context. The primary goal of modern societies and states is to eradicate organized crime, drug trafficking, human trafficking, organ trafficking and illegal arms trafficking. In this context the international community developed services to identify and fight these crimes. Once the technologies were developed and the financial flows enhanced, it became obvious that the criminals’ ultimate goal is to bring the enormous income back into the legal ‘white’ circulation. And after realizing this fact, the combating of money laundering was organized and the money laundering activity was incriminated to attack the results of illegal activity.

Prevenirea și combaterea spălării banilor: Foaie de parcurs pentru adaptarea cadrului regulator la contextul Republicii Moldova

Author(s): Sergiu Gaibu / Language(s): Romanian

As a result of the analysis of the situation of the Republic of Moldova, based on the vulnerabilities of the private sector but also of the state institutions, 13 principles to be followed were developed for the realization of a balanced and rational system for preventing and combating money laundering and terrorist financing. The established principles take into account the requirements of EU Directive 2015/849, the money laundering risks specific to the environment in the Republic of Moldova, as well as the limited resources of the business environment and those of public authorities. Also, these principles focus on the critical risks of money laundering and elimination of vulnerabilities within state institutions, the risks of abusive applicability and susceptibility to corruption.

The breadbasket of the world. Agricultural development in Ukraine

Author(s): Sławomir Matuszak / Language(s): English

The aim of this study is to provide a comprehensive overview of the Ukrainian agricultural sector in the light of the act on introducing an agricultural land market adopted in March 2020, which partially came into force in mid-2021 and will fully enter into force in 2024. It will allow, for the first time in the history of independent Ukraine, the free and legal trade in agricultural land. This will have far-reaching consequences both for local agriculture and for the country as a whole. The development of the agricultural sector, which has already progressed at an impressive rate in recent years, can be expected to accelerate further still. It should be remembered that Ukraine is the largest country in Europe in terms of area (excluding the Russian Federation) and more than half of its territory is covered by very fertile soils. The vast majority of the country has a climate favourable for agricultural production – the land is characterised by a long growing season for plants, plenty of sunshine and no problems with shortages of water for agriculture. The state thus has excellent conditions for this type of economy.

Digitalisation under surveillance. The development of the 5G network in Russia

Author(s): Iwona Wiśniewska / Language(s): English

The digital transformation has become one of the Russian government’s economic priorities during Vladimir Putin’s fourth presidential term. At its core has been the development of ICT infrastructure, and especially the deployment of fifth-generation mobile networks (5G). The development of the digital sector has been dominated by security issues, which are seen as more important than technical or financial efficiency. It is expected that Russia’s 5G infrastructure will rely on Russian technologies, software and devices, and state bodies have been heavily involved in its implementation. As a result of a fierce rivalry between the main actors vying to influence the course of the digital transformation, its master plan is still in the process of being formulated. As regards the 5G network, the dispute centres on two issues: the choice of the operator market model (with the government opting for an infrastructure monopoly) and the choice of radio frequencies (with the security agencies opposing the release of the most prospective bands).