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Today in Ukraine, the issue of organization of recreation becomes a priority issue not only in the physiological-psychological aspect, but also as a socially-organized function of people's lives. It provides an opportunity for an integrated combination of recreation, tourism and excursions, in order to promote the development of tourist excursions. Natural, cultural-historical and socio-economic resources of the region, as well as the presence of territories and objects of the nature reserve fund are important fac...

Health tourism as a niche has emerged and has rapidly grown to become a very significant and promising industry. In the European Union, health tourism market is definitely a new and strong trend, with total revenues of 46.9 billion EUR, which is equal to 4.6% of all tourism revenues and 0.33% of the EU-28 GDP in 2014. The purpose of this paper is to describe main attributes and to analyze some of the health tourism challenges in Italy and Croatia. In addition, the financial effects of these health tourism markets ...

In the present-day context, economic growth based on the cluster-oriented approach is considered to be one the most rewarding and effective mechanisms to improve the competitive strength of the regions in the country, as well as stimulate the innovative activity within the advanced social and economic development areas. The industrial cluster sustainable development model would be impossible to be implemented without setting up a definite management mechanism and system. As such, this article outlines the framewor...

At present an economic management of any administrative region (territory with fixed legal boundaries) is impossible without modern technologies of spatial analysis. Administrators of power structures use every opportunity to ensure that the management of the region is based on the automated processing of spatial data and particularly on remote sensing data. First of all, the possibilities of Geographical Information Systems (GIS) are used such as data collection and systematization, automated analysis, compilatio...

Commuter rail transport in Russia has been assigned the lead socio-economic role in meeting the mobility needs of local population. The social significance of rail transport lies in its demand among those citizens who have the right for preferential travel, as well as among people with low incomes. Regional authorities set up the cost of travel for such society groups below actual cost. Losses in the income of the carrier are compensated by providing subsidies from the budgets. The mechanism for delivering budget-...

This article discusses the methodological issues of determining value added in the framework of intercompany networks - industrial clusters, which is an effective tool for analyzing and decision making. A sequence of stages of the formation of value chains (VCC) is proposed, their features and mechanisms for optimizing the interaction and coordination of actions of participants according to the criterion of gross value added (GVA) are highlighted. An approach to the definition of value added in the framework of gl...

This article analyses the aspects of the development of relationships in intercompany networks. For these purposes, the authors summarized data from various studies of Russian and foreign scientists. Also, the article summarizes the results of studying the issues of interaction efficiency both between the network participants and between partners and the network. Emphasis is placed on the ability of a central company to manage individual relationships, a portfolio of relationships, a central network and an industr...

Incorporating silk to clothing creates value. However, with increasing worldwide environmental concern, the environmental implications of silk production practices should not be disregarded. A relevant part of environmental assessment studies focuses on the final product (i.e.: silk clothes), however, upstream and downstream processes also contribute to total impacts. Therefore, the objective of this study is to present an introductory analysis for conducting a Life Cycle Assessment (LCA) of the silk cocoon produc...

Bran castle is a medieval fortress situated in south-eastern Transylvania and the most visited tourist attraction in Romania. Its popularity among international visitors is mainly due to its association with the famous Count Dracula, based on the assumption that this particular castle might be the one that Bram Stoker presents in his novel. The castle has its own history, starting from the 14th century and continuing with its transformation into a summer residence for the royal family of Romania, in the 20th centu...

Every business subject strives to achieve the highest possible prosperity and profitability of its business in connection with the fulfillment of its business mission and achievement of the set strategic goals. Successful sales of products and services to customers are a prerequisite for achieving the set goals. Customers are one of the key to future business development, so it is very important for enterprises to pay attention to customer relationship management. Customer Relationship Management is a process of i...

The article devoted to development and implementation of long-term forecast of the development of public infrastructure in the Russian Federation and its integration into the system of strategic planning. The life cycle of many infrastructure objects (transport, energy, social, etc.) is tens and hundreds of years (railways, sea and river ports, airports, etc.). Various forms and models of public-private partnership are in demand during their creation or modernization in the conditions of objective budget constrain...

During the last decades, accounting researchers have been urged to shift their study of the role and function of management accounting to its natural contexts, thus case research is an efficient approach for such studies. Despite its intrinsic limitations, it offers a much deeper understanding of an organisational context. This paper presents the results of a case-based study of management accounting practices in Russian midsized companies. In general, the research on management accounting in Russia is scarce; onl...

Marketing communications mix consists of eight major modes of communication – advertising, direct marketing, events and experiences, interactive marketing, personal selling, public relations and publicity, sales promotion, and word-of-mouth marketing – but a fully integrated communications mix also includes email marketing, partnerships / promotions, and social media. The most powerful touch-points are Internet, mobile phones, social media, and TV. Innovative media such as interactive video, mobile development...

Marketing of organic food products is a topic of interest taking into account the upward trend of these products globally. Promoting eco-products is an approach to the increasing demand for high quality consumer products. Organic marketing is important because it can help protect the environment and preserve biodiversity, increase food security and can contribute to sustainable development of agriculture. The paper aim was to analyze consumer preferences in southern Romania concerning organic agri-food products. I...

The topicality of the paper is predetermined by the importance of competitiveness assessment and development for most modern companies, operating on the global arena in the era of globalization, business internalization and the growing opportunities of global sourcing. The term “competitiveness” can appear ambiguous, as competitive abilities of a product on one market can be outperformed on other markets. This trend pushes the companies to the development of more multifactorial strategic approaches in order to...

The aim of the present article is to assess the sustainability of five Estonian Ministries before and after moving the ministries to a joint building to find out if the moving was a reasonable decision. The objects of the study are the cost accounts of the Ministry of Finance, the Ministry of Social Affairs, the Ministry of Justice, the Ministry of Education and Research, and the Ministry of Economic Affairs and Communications of the Republic of Estonia in the timeframe between October 2016 and March 2018. Both qu...

The article presents a theoretical analysis of existing approaches to assessing threats to the state economic security. The analysis revealed three main methods for assessing economic security: a simple rationing method based on a threshold value, a complex rationing method based on a threshold value, a rationing method for amount of discrepancy. These methods, despite the presence of specific features, are implemented in a certain sequence. As a result of the synthesis of methodological approaches, the authors ha...

We have considered regarding this paper the identification and evaluation of the financial and accounting risks within the public emergency hospital located in Bucharest, the capital of Romania, which has a great impact on its objectives. The main objectives of the public emergency hospital in Romania are: - guaranteeing the quality and safety of the medical act; - diversifying and increasing the quality of medical services offered to patients; - tracking population accessibility and patient satisfaction; - respec...

Noise from road transport is understand like a negative phenomenon which affects human health and causes them physical and mental harm. A part of road projects efficiency evaluation should be quantification and monetization of negative impacts from the road transport. At present, the handbook of Cost benefit analysis (CBA) is used for quantification and monetization negative impacts of noise in Slovakia. The handbook has some deficiencies and do not take account character of noise, like a type of road surface, bar...

Economic security is largely determined by the quality of the integrated reporting's assessment. The article is devoted to the research of the adaptation of authorial analyzing methods the impact of capitals state changes and stakeholders' economic behavior on the change in the companyВ’s created value to ensure the economic security. The study is based on the value maximization concept of the firm, which is created when interacting with stakeholders by accumulating and transforming their resources. The paper prop...

Commuter rail transport in Russia plays a leading socio-economic role. Passenger traffic by rail in some regions reaches 90%. Practically there is no alternative to this type of transport in many regions. Commuter rail transport is in demand among citizens who have the right for preferential travel, as well as among people with low incomes. Regional authorities determine the cost of travel for such society groups below the actual cost, and the loss of income of the carrier is compensated by providing subsidies fro...

This study aims to clarify the ways in which the authorities involved in place brand management choose to use new technologies to communicate their online identity, within a broader context, defined by circular economy. We focused on a methodology repository, applying an already validated instrument, which could generate standardized and comparable results, from previous research, addressing the online identity of place brands issue. However, exploring contextualization, which is now mandatory for place brands in ...

Non-governmental organizations (NGOs) are a dynamic and changing system that has to be able to quickly adapt to changes in society and the political or business environment. Nowadays, an important factor of competitiveness for Latvian farmers being in the European Union (EU) and working in the global market is available information and the ability to use it quickly and correctly. Besides, designing a future rural development policy has to take into account the presence of other EU Member States and the need to agr...

The drinks sector has increasingly diversified lately on the basis of complying with the consumersВ’ demands as well as on the necessity of adopting sustainable practices imposed by the resource depletion and climate change challenges. This research aims to present an overview of the drinks market at Romanian level since 2013 by considering also the sustainability component. Two methods are applied for a better analysis of this subject: the bibliometric analysis and the statistical analysis of the drinks market. I...

The article presents logistical aspects of the economic security system. The determinants of economic security are presented, and the monitoring and hazard indicators of the analysed security are analysed. The role and tasks of logistics in shaping the country's economic security as well as a comprehensive strategy for improving economic security are presented. Analyses and research revealed that it is important both cognitively and for economic practice to learn the mechanisms of efficient logistics. Logistical p...

The aim of public authorities in managing public administration is to improve the quality of public administration subjects and public service activities to support socio-economic growth and increase the quality of citizensВ’ life. For this reason, public authorities must make efficient use of available funds. Effective management of public finances will ensure optimal functioning of all socially important public sector functions related to the peoplesВ’ life and whole society, such as education, health care, soci...

The article presents the rationale for using the Data Envelopment Analysis method for assessing innovation sustainability at the regional level. The theoretical basis for the paper is based on results of the study of foreign experience gained and the current Russian practice on evaluation of innovative development at the federal and regional levels. Focusing on the examined approaches, the authors propose an algorithm of regional innovative resistance estimation using the method of comparative analysis of the data...

In the paper with the modern quality management methods using is argued the rationality of rehabilitation equipment production for the patients with the hand and fingers movement disorders basing on the 3D - printing technology. First of all, we start from the descriptions of special needs in rehabilitation for some distributed diseases and shortly characterize the proposed case study (assistive device). Next, we choose the best 3D - printing method for our case study compared with the others, and after that we ma...

Integrated reporting is a modern form of self-presentation of a company's strategy to all interested parties. This is not a mix of financial and non-financial reporting (sustainability report, social or environmental report). Financial and non-financial instruments of sustainable development can prevent the negative impact of any objective or subjective factors, develop and successfully implement measures that ensure the economic and social security of business. In modern conditions, the implementation of the prin...

Ensuring a decent standard of living is one of the most important issues that any state is called upon to resolve. Taxation and other obligatory payments levied on citizens have a direct impact on the size of real incomes of the population. Experts predict that the fiscal burden on the population in 2019 in the Russian Federation will increase significantly. At the same time, the situation may worsen due to a fairly high level of inflation, the growth of which in 2019 is predicted by many experts. In addition, aga...

The accounting profession is facing a critical turning point, on the background of global rapid pace technological changes. At the same time young accountants and employers, as well as accountantsВ’ professional body are aware of witnessing challenging, dynamic times which greatly redesign future career patterns and pathways. AccountantВ’s role moved from a static one into a key advisor of the business, due to the broad range of skills to be continuously acquired, learning and digitization opportunities. The paper...

Diasporas nowadays consists of economic migrants who are belive to have the potential for chanelling financial and social transfers as well as technology and qualifications. Remittances sent by migrants make the main source of external income, not only often bigger than the foreign help but also direct foreign investment. Money transfers make the stable source of funds reaching directly families and make the poverty smaller. Dominican Republic is constantly percieived as a country of a mass emigration to United St...

The credit expansion in the household sector, which then stimulated the growth of personal consumption in Croatia, preceded the occurrence of the global financial crisis and the six-year recession that lasted from 2009 to 2014 in Croatia. With regard to enhanced household borrowing in the years before the crisis, there was multiplied effect caused by the inability to settle all the due liabilities in the period after the crisis. In parallel with the legal regulation, which prompted from the beginning of 2011 the F...

Information theory is based on interdisciplinary defined mathematical, computer sciences and artificial intelligence. The information is based on theory of mathematically defined the basic preconditions for the fulfilment of the conditions of information processing, and perception quantified properties informative value. While the total applicable and informative value is often lost in a mathematical bite - mathematically measurable value information. The most effective instrument to eliminate the risk is to provi...

Raising the standard of living of the population is one of the most pressing problems in any society. Currently, it is acquiring even greater significance for Russia due to the growing influence of a number of negative factors leading to a reduction in real incomes of the population. First of all, it should be noted that, presumably, the final tax burden on individuals, starting from January 1, 2019, increases substantially. This is due both to the direct growth of the amount of obligatory payments payable by indi...

This article presents an analysis of literature on shadow banking. The attention of researches on shadow banking topic have increased exponentially after the global financial crisis. Despite of the fact that this concept has been used for over ten years, there is no one common conception and definition of it. The innovations, global challenges like artificial intelligence, big data, etc., makes this topic very important for regulators, economists, researchers in order to make the right decisions and impact in thei...

Shrinking is a series of causes that have different effects on the rural areas. These effects are often direct and indirect, immediate or may express in a long-term dimension. The causes of shrinking are diverse: e.g. economic recession, increasing urbanization, changes in environmental conditions, etc. The most commonly shrinkage characteristic is a permanent decline in population. Latvia like several other European countries is losing population. As a monocentric country Latvia has some additional challenge - de...

This study aims to explore the main economic trends in the performance of the agricultural sector of ten new Member States in Central and Eastern Europe (CEEC) after joining the EU in 2004 – 2007. The study is carried out applying the methods of economic analysis including trend test methods and a comparative analysis. The authors have used data that are comparable across the EU countries and have been processed according to the unified methodology of the Economic Accounts for Agriculture (EAA). Specifically, th...

Social marketing becomes the philosophy of modern management and business practices. Higher education institutions also seek to implement the concept of social and ethical marketing that characterizes the philosophical foundations of marketing to the fullest extent possible and orients towards satisfying consumersВ’ needs taking into account the development of the society. The main problem considered in this paper is the building of a system of thought aimed at satisfying the needs of educational services. The obj...

The impact of the food sector on achieving the sustainable development goals is increasingly debated worldwide amid growing climate change effects and on the background of a lack of quickly responses on mitigating them. Initially, the state of the art is quantitatively analyzed for emphasizing the scientific evolution on food consumption in the context of sustainability and the main themes discussed by researchers. Further, several indicators on food consumption expenditures, daily calorie supply, emissions, waste...

The paper presents the significant aspects of the interest rate, considering that it performs an important function in the banking system. Taking in the consideration that money represents the blood that supplies the system, the interest constitutes the way in which it develops. The interest rate is the main item in relation to which the interest is calculated. There are presented and analyzed the interest rates charged by the credit institutions at: term deposits in lei, term deposits in euros, deposits in lei on...

This research studies Eastern Europe’s attractiveness for private equity investors in terms of each of the seven main drivers identified by the following authors : Black and Gilson (1998), Gompers and Lerner (1998), Jeng and Wells (2000), Romain and de La Potteria (2004), Felix et al. (2007), Groh (2009), respectively Bernoth and Colavecchio (2014). We use aggregated data from Eastern European private equity market during 2000–2013 as well as macroeconomic data, to estimate a panel data model. The main seven dr...

Today, the most urgent issue that faces start-up entrepreneurs is the issue of attracting funding for the implementation of the project. Traditional forms of capital raising, such as credit, can solve these problems, but it may be problematic for start-up companies and individual entrepreneurs to take out loans on good terms. The problem of capital search served as an impetus for the development of new models for financing projects, one of which is crowdfunding. Crowdfunding is becoming an increasingly popular sou...

This article is about the problems of the development of the indebtedness of the firms in different branches in the USA and in the Europe. The analysis of this development is important besides other things for the purpose of the identification of the average indebtedness and so-called branch standards that can be used for the process of optimizing of the capital structure. That is the topic inviting for the large discussion and very large researches which plays an important role in the sphere of the financial mana...

This paper explores the role of the EU Farm Accountancy Data Network (FADN) in assessing the evolution of agricultural holdings and their contribution to the national economy in Latvia. Although a significant number of previous studies performed a statistical, econometric and comparative analysis of figures extracted from the FADN database, there is still a dearth of research on the importance of the FADN and its integral elements for the provision of detailed and reliable information required for sustainable deve...

Travel agencies and their activities have great potential for developing tourism in Slovakia. Their role is to offer, sell and organize individual tourism services. Travel agencies offer services that meet the needs of customers of all generations. Generation Y gradually gaining in importance in terms of the number of visitors who use the services in tourism. Instead of saving money or establishing family life, the generation Y prefers to travel to different destinations and explore the world. The aim of this pape...

Project management represents a modern analytical approach for managing the phases of project cycles that support strategic goals and programs. The aim of this research is to create a unique rounded theoretical and applicative basis for understanding and using the concept of strategic management within the higher education projects in North Macedonia. After the completed studies of the theoretical aspects of strategic project management, a comprehensive analysis was conducted on the projects supporting the strateg...

The role of logistics in today's global business is steadily increasing, which is why the coordination and control of logistics activities has become a necessity. The logistics industry provides a significant contribution to the economy through job creation, the creation of national income and the inflow of foreign investment. However, most of the previous empirical research is based on the assessment of the effects of logistics and 3PL operators on business operations and on the effects on the economy, ignoring t...

In this paper we address issues relating to marketing and the pharmaceutical industry. Specifically, we look into the main marketing concepts, identify the importance of marketing in promoting sales of pharmacy companies and demonstrate the strands used to promote sales and satisfy the needs of consumers in terms of improving their health. In addition, we highlight the development of the pharmaceutical sector in Kosovo, the competition between pharmaceutical producers and distributors, the strategies that firms us...

Taking into account the fact that the economic growth of the country it is based on the following three elements are important, as follows: the accumulation of capital, which includes investments in fixed assets and human resources; the increase in population and therefore labour force; the progress of technological; it follows that research and innovation have an important role to play in this way. Therefore, the investment in the technology, the costs of the research and development workforce in the field of res...