Economic Archive

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  The Currency Board in Bulgaria: Theoretical Reflections and Empirical Results

  Via this article the authors would like to discuss the idea of the inter-section point of theoretical reflections and reported empirical results referring to the currency board in Bulgaria. To achieve the goal defined the article is structured in the following separate sections: first, clarification of the concept of a currency board in light of ... Via this article the authors would like to discuss the idea of the inter-section point of theoretical reflections and reported empirical results referring to the currency board in Bulgaria. To achieve the goal defined the article is structured in the following separate sections: first, clarification of the concept of a currency board in light of leading theoretical research; second, critical analysis and evaluation of the characteristics of the currency board in Bulgaria; third, justification of the authors’ answer regarding the end of the currency board in Bulgaria and its replacement with another system; fourth, econometric analysis and assessment of foreign trade sector influence on the GDP in Bulgaria under the conditions of a fixed currency exchange rate and a high percentage of foreign trade of goods and services in the structure of the GDP; fifth, a study of the currency boards influence on the economic convergence of Bulgaria in comparison with leading EU economies for the period 1998 – 2012. For the authors, Bulgaria’s path to membership in the Eurozone while keeping the currency board regime during the whole period of being in the ERM II “waiting room” is logical and has social and institutional support. The argument for this is that Estonia’s example of entering the Eurozone by preserving the currency rate at the level of the currency board is the reasonable and rational national project for developing Bulgaria’s economy and financial system.

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  A methodology for a complex assessment of personnel competitiveness within a company

  In this scientific investigation a model is developed and applied for the comprehensive evaluation of the competitive power and competency of spe-cialists in a specific firm (enterprise, institution and so on). The different criteria used in this assessment and example contents of these criteria are noted. The evaluation is performed by utilizing ... In this scientific investigation a model is developed and applied for the comprehensive evaluation of the competitive power and competency of spe-cialists in a specific firm (enterprise, institution and so on). The different criteria used in this assessment and example contents of these criteria are noted. The evaluation is performed by utilizing 6 degrees. The indicators used in the study are assigned different values which depend on the importance of the results obtained from a specific specialist working in a specific area. The specialist’s competency is calculated using a complex assessment which simultaneously uses 138 indicators. There are possibilities for applying the methodology developed when evaluating the competitive power of products which are produced by compa-nies with different types of production and when evaluating this at both a re-gional and national level. The methodology can be computerized and can be applied by collecting the information, and the different criteria in these indi-cators constitutes the characteristics of the specialist, product, company, mu-nicipality, region and so on.

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  Audit procedures in the assessment of environmental costs

  The article reviews the interdependence between changes in financial reporting and the scope of audit procedures conducted by statutory auditors. It studies the characteristics of the environmental aspects of the integrated fi-nancial framework and their impact on the accuracy of financial and non-fi-nancial information. Some of the challenges ... The article reviews the interdependence between changes in financial reporting and the scope of audit procedures conducted by statutory auditors. It studies the characteristics of the environmental aspects of the integrated fi-nancial framework and their impact on the accuracy of financial and non-fi-nancial information. Some of the challenges faced by statutory auditors have been outlined in response to the major measures adopted through the strategic document “Europe 2020”, as well as the expectations of audit opinion users via integrated reporting.