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In this paper we are analysing the competition on the energy sector of Romania. The Energy Markets are divided into the market for the production and sale of electricity, electricity supply market, electricity transport market and electricity distribution market. The analysis is based on three indicators used to measure the degree of competition: Concentration Ratio (CRk), which measures the combined market ratio of the top k companies in the sector, and Herfindahl-Hirschman Index (HHI), which is the sum of the sq...

The goal of present study is to propose reliable composite index for quantitative assessment of competitiveness of forestry companies on the basis of data from Training and Experimental Forest Range ‘G. Avramov’, Yundola. Concerning this some multidimensional statistical methods that permit quantification of complex indicator as competitiveness are studied. On this grounds for obtaining composite index (quantitative assessment) of the level of competitiveness of forestry companies the implementation of factor ...

Nowadays, developing business models is popular. Minimizing costs and maximizing revenue is the basis of every business. To achieve this, it is possible to use simulations of one or multiple variants for circular processes to reduce costs. Inevitably, every business plan needs detailed review and reflection. However, there are conceptual problems with the circular economy. These problems can be distinguished in two directions - at the state and business levels. At the state level, the problems are: political, lega...

The result of a decision in situations of internal conflict is influenced not only by emotions and experience, but also by age. The main life decision-making process for young people is more limited. Today, information overload and time constraints have a strong impact on the decision-making process, including risks and trends such as delays, transfers and redeployment. Factors such as emotional state, skills to manage emotions and experience are becoming important factors in decision making. Self-regulation plays...

The Covid-19 crisis has contributed to the growing structural imbalances in the labour market. Both unemployment in general and youth unemployment makes serious consequences in the economy and development for the people, undermining the pillars of human well-being and better living conditions. Young people have disadvantage in finding a job, especially those with low skills, without education and job experience. Those young people are often discriminated when they want to enter the labour market. Youth employment ...

In recent decades, the importance of water resources for the Bulgarian economy has become increasingly significant. In this regard, the purpose of this paper is to construct a complex index of water resources productivity, which will allow the regions in Bulgaria to be ranked according to the amount of water used by economic activities and the level of economic growth. This objective has been achieved by performing factor analysis based on four indicators –water used in the agriculture, forestry and fisheries se...

Erasmus+ mobility programmes are an integral part of the Brno University Technology internationalisation strategy. The university needs to create appropriate conditions and offers for students in its action plans. These action plans. Within the framework of these action plans, the university cooperates with international mobility ambassadors. These are students who have taken the opportunity to study or do a practical internship abroad. Each ambassador represents a country, university or other institution from whi...

The article presents a pragmatical and practical solution in probably one of the most divergent interdisciplinary science fields, called social economy. As the size of it is impressive in Europe, operationalized by the number of organizations and the employees involved, there is a need from the professionals to build a common understanding and knowledge. The cultural, historical and economic background of the countries (mainly from EU, but not exclusively) led to various understanding of social economy. The soluti...

In the world of academia, research and teaching are never really disconnected interests. On the contrary, they co-exist in a virtuous circle, where each feed into the other and focus on the interdisciplinary frameworks, which motivate the innovative structures of higher education and maintain discourse relations by providing in a concise way, an ocean of information about abstract knowledge. The implementation of interdisciplinary subjects, such as innovative language strategies, effective Intercultural Communicat...

The economic development of the regions in Bulgaria is characterized by growing regional business differences. The transition in a substantive and retrospective plan from an exogenous approach to the development of regions to an endogenous one puts the questions of entrepreneurial activity and its regional determinism in the center of research. In economic and management literature, concepts such as "regional entrepreneurship", "rural entrepreneurship", "entrepreneurial activity" and others have gained wide popula...

One of the main economic laws that determine the development of not only the economy but also the whole society, is the division of labour and specialisation, first formulated by economists of the classical school. Many events in the history of mankind, including the current process of globalisation, can be explained in terms of the manifestation of this law. In fact, globalisation leads to the formation of "centers" and "peripheries" in the socio-economic system of the world, each of which specialises in certain ...

The fundamental research question of this article is to examine the impact of the Covid- 19 crisis on the labour market and employment. In particular, the target groups of the study are the most vulnerable and those most affected by the Covid-19 pandemic: low paid workers, women and young people. The article analyses the impact of the Covid- 19 pandemic on the employment of selected groups of the population and offers solutions to promote and maintain this employment, taking into account the fact that the Covid-19...

The paper analyzes the role of small and medium-sized enterprises in the development of Georgian economy. It is justified that the development of effective mechanisms of public procurement in this type of enterprises will greatly contribute to the growth of GDP, as well as play an important role in the structural change of the economy, in the formation of a competitive environment, in the development of private entrepreneurship, in the modernization of the consumer market and in solving socio-economic problems. Th...

The level of digitalisation and electronification offers new opportunities in the labour market, offering flexible working conditions and the opportunity to work remotely. Emphasizing the successful fulfilment of the functions / goals of higher education institutions and thinking about its sustainability and competitiveness, its personnel must act professionally, flexibly and innovatively, ensuring the continuity of administrative processes, meeting the needs of internal / external customers. The aim of the resear...

Smart development is a problem examined by many research studies, and the scientists note that the concept of smart economy becomes increasingly popular in scientific and practical strategy documents. The documents refer to small and medium enterprises implementing the Industrial Revolution 4.0 as smart companies, which are the basis of economic growth. The smart specialization strategy of Latvia states that more innovations are needed for a more productive economy and the development of more valuable products, an...

Over the 30 years of its existence, the Faculty of Business and Management (FBM) at Brno University of Technology, has educated more than 17,000 graduates in economic and managerial fields. Paying great attention to internationalisation, FBM supports students in their studies abroad while accepting international students as well. It has concluded 58 bilateral agreements with universities abroad under the Erasmus+ programme supporting also student mobility outside the EU within the Erasmus Mundus programme. Interna...

Genetic algorithms are one of the most efficient meta-heuristics. The base of genetic algorithms is a set of candidate optimal solutions called population. The initial population usually is randomly generated. Optimization goes in epochs of new generations. New generations are produced after crossover and mutation. Mating between individuals is done after the selection of the better-fitted individuals. The fitness value of each individual is calculated by supplying the candidate solution to the optimized target fu...