Economic Archive

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  Current Issues in the Financial Management of Cross-Border Infrastructure Projects

  The aim of this paper is to critically present current problems, basic models and influential factors in the development of competencies for the financial management of cross-border infrastructure projects in general, and in particular, to create a transport connection between Bulgaria and Romania as countries and members of the EU. The article is ... The aim of this paper is to critically present current problems, basic models and influential factors in the development of competencies for the financial management of cross-border infrastructure projects in general, and in particular, to create a transport connection between Bulgaria and Romania as countries and members of the EU. The article is in three main parts. In the first part the focus is on factor models for the financial management of infrastructure projects. The second part develops ideas for grouping and classifying the problems facing cross-border infrastructure projects for transport connectivity. The third part presents a synthesised empirical analysis of the “Danube Bridge 2: Vidin - Calafat” project as a successful example of cross-border project management.

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  Issues Facing the European Union – a SWOT Analysis

  The new realities facing the European Union at the beginning of the XXI century placed it in an unpredictable situation of crisis, geopolitical conflict and overindebtedness. These conditions slowed the pace of development and led in fact to the economic slowdown in the European Union - with modest GDP growth in 2013 and low inflation. The ... The new realities facing the European Union at the beginning of the XXI century placed it in an unpredictable situation of crisis, geopolitical conflict and overindebtedness. These conditions slowed the pace of development and led in fact to the economic slowdown in the European Union - with modest GDP growth in 2013 and low inflation. The European Union has been facing a number of internal difficulties and many threats from the external environment. For this reason there is a need for analysis that takes into account both the internal state of the European Union and the external environment which was characterised by high complexity and dynamics in the period 2008 - 2014.

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  Adjusting Unemployment Benefits to the Economic Cycle

  As a socio-economic phenomenon, unemployment is intrinsic to any market economy. Unemployment benefits provide incomes to individuals who have lost their jobs and the possibility of bearing the severity of risk collectively. The generosity of unemployment benefits may affect the incentives for searching and accepting a job, as well as the duration ... As a socio-economic phenomenon, unemployment is intrinsic to any market economy. Unemployment benefits provide incomes to individuals who have lost their jobs and the possibility of bearing the severity of risk collectively. The generosity of unemployment benefits may affect the incentives for searching and accepting a job, as well as the duration of unemployment. They could therefore act as an inbuilt economic stabiliser which is adjusted to a particular economic cycle. The article aims to identify potential pros and cons and examine the extent to which unemployment benefits in Europe and Bulgaria successfully act as inbuilt automatic stabilisers.