Year 2021, Issue 3

Date published

30.9.2021

Table of content

  • Atanas Damyanov
    AN OUTLINE OF THE FAULT LINE IN THE EUROPEAN UNION
    Summary: In this research we have made all effort to avoid the natural, geological and physical aspect of the term fault. We have agreed that a fault refers to the absence of unity and agreement in a particular system. Thus, we have... In this research we have made all effort to avoid the natural, geological and physical aspect of the term fault. We have agreed that a fault refers to the absence of unity and agreement in a particular system. Thus, we have fundamentalized our views. The first emphasis is placed on the withdrawal of the United Kingdom (UK) from the EU. We trace chronologically the period from the adoption of the UK in the EU to the month of December 2020. We have established one of the reasons for Brexit, which refers to the mental differences between the UK and the Continent. Further on, we stress the fact that the faults in the EU, being diverse in nature, are also caused by a first-degree indirect relation to the wakening empires of the world, the Mitteleuropa philosophy, the separation of Old and New Europe, etc. We propose a two-factor matrix, which we use to find the relationship between the stages of the EU expansion and the degree of unity and agreement in it. In the conclusion, we argue that we shall set free from the integration romanticism and work towards a post-Lisbon treaty.
  • Plamen Yordanov, Margarita Nikolova, Zhaneta Angelova
    ORGANIZATIONAL AND ECONOMIC CHARACTERISTICS OF COMPENSATIONS FOR TEMPORARY LOSS OF CAPACITY TO WORK
    JEL: H55
    Summary: The insurance for general diseases with temporary incapacity to work has specific features due to the specifics of the risk it covers. Such diseases are very frequent but usually mild and entail specific consequences, such as... The insurance for general diseases with temporary incapacity to work has specific features due to the specifics of the risk it covers. Such diseases are very frequent but usually mild and entail specific consequences, such as reduction or loss of income due to sick leaves. The object of research is the insurance for of general diseases and its subject is the organizational framework and the regulations regarding the benefits for temporary incapacity for work. The aim of this study is to investigate the organizational and economic characteristics of benefits for temporary incapacity for work due to general disease in certain of the European Union and formulate guidelines for organizational development and improvement of the social security system in Bulgaria.
  • Velichka Nikolova
    EFFECTS OF THE GLOBAL ECONOMIC CRISIS AND THE COVID-19 PANDEMIC ON SOVEREIGN DEBT MANAGEMENT IN HEAVILY INDEBTED COUNTRIES
    Summary: This article presents an analysis of the sovereign debt in some heavily indebted countries worldwide, including Venezuela, Sudan, Japan and Greece. Its main objective is to track and compare the initial effects of the global... This article presents an analysis of the sovereign debt in some heavily indebted countries worldwide, including Venezuela, Sudan, Japan and Greece. Its main objective is to track and compare the initial effects of the global financial and economic crisis (2008) and the COVID-19 pandemic on sovereign debt levels in those countries. This is why it starts with a classification of the theoretical concepts addressing the relationship between economic crises and changes in the levels of sovereign debt. It then defines the main drivers for the sharp increase of the sovereign debt in these countries and describes the dynamics of the revenues, expenditures and balances of their budgets.
  • Margarita Mihaylova
    THE IMPACT OF GLOBAL TRENDS AND COVID-19 ON INTERNATIONAL NEW VENTURES
    Summary: The COVID-19 pandemic has accelerated existing trends in the global business environment thus changing the conditions for performing international entrepreneurial activity. Four such trends of a key role in international business... The COVID-19 pandemic has accelerated existing trends in the global business environment thus changing the conditions for performing international entrepreneurial activity. Four such trends of a key role in international business are the digitalization and active use of communication technologies, the restructuring of global supply chains, the erosion of trust in international organizations, and finally yet importantly, the integrity of international business networks and knowledge transfer. The paper explores the impact of the acceleration of these trends on the creation and the success of international new ventures.
  • Milena Kovachevich
    ECONOMIC GROWTH IN THE EUROZONE AND ON THE BALKANS: A COINTEGRATION ANALYSIS
    Summary: The global financial and economic crisis of 2008 and in particular the ensuing debt crisis in the euro area in 2009 affected both the economic growth in the euro area and the economic growth in almost all Central and Eastern... The global financial and economic crisis of 2008 and in particular the ensuing debt crisis in the euro area in 2009 affected both the economic growth in the euro area and the economic growth in almost all Central and Eastern European countries, including, although to a lesser degree, the Balkan countries. This lower degree of interdependence between most of the Balkan economies and the Eurozone countries is exactly the reason for this study, which aims to determine whether there is a long-term relationship between the economies of the Balkan countries and the Eurozone in general through a co-integration analysis.