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COVID-19 put the world and tourism in a situation that had not been predicted even by the most pessimistic forecasts of either theoreticians, or the people directly involved in tourism development. Hence the need of theoretical research of the issue and of didactic and methodological knowledge to disseminate the findings of such research into practice. The impact which crises have on tourism development is the subject of research for a number of Bulgarian and foreign authors. Currently, however, there seems to be ...

This research aims to present the challenges that companies faced in pandemic times and the ways corporate governance influence their corporate behaviour and made the difference between companies that succeeded to adapt to their strategies to the new business environment and the one that failed. Data was collected from different scientific libraries, presenting the pandemic environment and continued with what corporate social responsibility means and its importance at companies’ level. Noticing the global contex...

Tourism in Georgia is one of the most important sectors of National Economy that severely damaged by COVID-19 pandemic. Adverse epidemiologic circumstances placed the development of tourism business under the threat. As the COVID-19 Pandemic had step-by-step reduced and came to the end the tourism begun to arise. For today the actors of tourism industry should discuss and elaborate the measures to solve the global problems could take place in the future. Today, in the conditions of weakening of COVID-19 pandemic p...

The paper aims at assessing the amplitude of the change in households and business environment perception and confidence regarding the economic prospects in the aftermath of the COVID-19 pandemic. It is employed an exploratory unsupervised technique called cluster analysis, by using two proxy variables computed and published periodically by OECD, namely the consumer confidence index and the business confidence index. The focus is on the 23 European countries which are members of the OECD. The analysis has been run...

In 2020, the world was hit by the COVID-19 pandemic. Countries faced an unprecedented challenge and had to implement many strict measures to prevent the spread of COVID-19, but this led to a significant increase in unemployment, thus harming economic growth. This study analyzes the data obtained in two surveys, the first survey was conducted in the months of October, November 2020 (during the first wave of the COVID-19 pandemic), while the second survey was conducted in October 2022. Slightly more than 200 unemplo...

Today, the inflow of foreign remittances is an important development factor associated with migration processes. At the same time, also a factor that has proven to be more resistant to global economic adversities than the inflow of foreign direct investment (FDI) or the inflow of overseas development aid (ODA). Foreign remittances in recent years have exceeded global amounts of FDI and become the prevalent basis of external financing in low- and middle-income countries. What is interesting to point out is that Cro...

The capital structure of a company represents the way in which companies finance their needs. Currently, there is no unifying determining the selection between debt and equity. Existing scientific knowledge does not lead to the creation of a unified theory of capital structure, mainly because of the complexity and number of factors that influence these decisions. Considering the specifics of forest enterprises, including from the point of view of financial management, this problem is even more complex. The article...

Well-functioning financial markets are crucial in creating strong economic environment, determined by stock market size, capitalization, and also banking development, which can forecast the improvements in growth and productivity. Access to sustainable financing could benefit equally to companies and also environment. Stock market is an alternative source of funding to banks, when they are cautious in lending to businesses, especially during various crises. The research aim is to analyze stock market capitalizatio...

The formation of an innovative economy means the transformation of the intellect, the creative potential of a person into a leading factor in economic growth and national competitiveness. The source of high incomes is not only the possibility of obtaining income from the use of natural resources, due to the high world market conditions, but also the production of new ideas, technologies and social innovations. The interaction between business and science arises in the field of innovation, so it is easy to trace th...

The key component of the institutional communication of the economic entity is the financial communication. Financial communication is at the crossroads of many areas, including finance, marketing and law, has many characteristics, and its purpose is to reflect the values, philosophy and culture of the economic entity. The message of financial communication is to create and manage the image of the economic entity for all its components. Financial communication is comparable to marketing in that it is a method used...

An article reveals the problems of tourist and recreational resources usage within western Polesie in Poland and Ukraine. Statistical information on available tourism and recreational resources has been collected. The tourist and recreational potential of administrative and territorial units belonging to the physical and geographical zone of western Polesie has been determined. It was also studied the experiences related to the usage of the tourist resources of Western Polesie in the Republic of Poland. The recomm...