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HR segment belongs to the largest and most complicated part of company activities. It used to be called personnel dpt. Current HR plays a professional role in recruitment, hiring, adaptation, training and in assessment of employees’ performance. This article deals with these issues. The development requires permanent improvement of employees’ habits and abilities. Required training and education of employees is inevitable. The company income depends on its personnel qualifications, on customers’ opinions, on...

The government deficit and public debt are always a negative economic phenomenon as a consequence of non-compliance with fiscal discipline. Chronically recurring deficits and consequently resulting debts are the current topic discussed by theoretical and economic-political authorities. The Maastricht Treaty and the Stability and Growth Pact stipulate that the government deficit should not exceed 3 % of GDP and the public debt is considered excessive if it is higher than 60 % of GDP. The growth of the government de...

In most part, the tourist sites are now constituted, in entities somewhat broken by traditional traditions and occupations, by the local specifics, which can only have negative effects both for the present and especially for the future. Keeping a rural world, with everything that is significant in economic, social, cultural, aspect involves the initiation and development of this form of tourism. In parallel with the agrotourism development process, have amplified the elements of infrastructure, cultural elements, ...

This article is devoted to a critical analysis of modern theory and practice of building economic indices in the national system of strategic planning. It is generally accepted that economic indices serve to characterize the most important dynamic processes in the national economy, and the dynamics of changes in economic indices makes it possible to determine the rate of change of the most important macroeconomic indicators and proportions. Since strategic planning is aimed at obtaining internally consistent descr...

Relevance of the research problem is caused by a number of factors, most important of which - the increasing importance of intangible factors of economic growth associated with the development of human potential. The most significant of these problems is the ability to innovate, and the perception of the latest technological advances, which are based on the human, intellectual and social capital. This fact sets the economic imperatives of business socialization. The purpose of this paper is to analyze the best pra...

The study shows how to distribute tomato products at national level. For this purpose, the weights held by the macro regions and the regions of economic development at national level. The drawing of the paper used the method of comparison in time and space. The analyzed period was 2012-2014. The approach presents the national, macroregional and regional situation of the indicators, establishing the structure indices (cultivated area and total production) according to the formula: Is = (Si, Qi / St, Qt) x 100 (%). ...

Modern experienced society calls for new ideas and projects that are implemented to ordinary life and its activities. There is no difference in tourism. Through developing new products, regional visits can be supported and bring new tourists to it. Paper brings theoretical overview of regional development based on innovation implementation. The main purpose of the paper is to point to the necessity of innovation implication while developing the region. It points out the theory of regional development with combinat...

The economic literature published the last five years includes many different versions explaining the occurrence, development and possible way out of the socio-economic crisis. We are in a situation where the old economic structure lags behind in its technological development and the existing inertia delays restructuring. In addition, there are new complex threats (for example, the sanctions). The behavior of socio-economic regional systems, that have their own methodological characteristics and, to some extent, a...

The modern economy is at a critical stage in its development. The deep causes of the 2008 economic crisis have not been fully overcome. Disproportions are observed in the economic system of the world and in individual countries. Their elimination encounters institutional constraints. One of the disproportions is caused by the de-industrialization of the economies of the developed countries of the world. The same phenomenon is observed in Russia. Consequently, it is necessary to carry out a "new industrialization" ...

The quality of live is an interesting and important social topic but to measure the life quality is currently a complicated issue. Gross domestic product (GDP) per capita is a measure of a countryВ’s economic output that accounts for population. It tells you how prosperous a country feels to each of its citizens. However, it is not a complete measure of economic welfare. The Human development index (HDI) was created with a goal to emphasize that not only economic growth but also people and their abilities could be...

The activities of any commercial enterprise are subject to the influence of risk factors, which causes the necessity to identify, analyze and assess the risks. The results of such an analysis are of considerable interest to the companyВ’s managers, shareholders and contractors. The Civil Law of the Russian Federation provides for the right to economic risk, but also requires that the risks affecting the companyВ’s activities must be included in the issuerВ’s public reporting. However, as seen from the content anal...

The years of negligent attitude and scarcity of financial resources at the disposal of local self-governments have intensified the processes leading to the degradation of urban areas. As a result, many cities and towns are not only adversely affected by the deterioration of technical infrastructure but also suffer from the lowering of the standard of living. Therefore, it should be considered necessary to reinvigorate degraded urban areas with the intention to improve the quality of life of the inhabitants of revi...

Business and its performance are influenced by many factors. In this paper we focused on the analysis of risks that are important determinants of business performance. The aim of the paper was to assess the impact of risks on performance as well as competitiveness of Slovak businesses. To fulfil the aim, the data of businesses operating in Slovak heat industry were used. The input analysis of selected risks was realised with the aim of generalizing and processing conclusions focused on the impact of risks on busin...

In the current global recession, the world’s leading central banks face strong and sustained deflationary pressures. As a response to the global financial crisis the leading central banks undertake a wide range of unconventional monetary policy measures. Central banks introduce unconventional measures unprecedented in their scope and magnitude. The subject of the current research is the unconventional monetary policy of the leading central banks in the world – the European Central Bank (ECB), the US Federal Res...

The results, the work aims to transform the world through culture, to urge tourists to travel to knowledge, to educate in terms of culture and civilization of vine and wine, heritage and national identity. Knowledge economy requires an interdisciplinary approach to data and information. As a result, knowledge becomes the essential component of any economic development, regardless of the field. Consumer needs of tourism are growing, growth causing continuous adaptation of tourism through innovative products aimed a...

The country's public debt – a multifaceted characteristic of the economic situation of the country. The statistics of public debt of the Russian Federation for 10 years was reviewed in the article. The study identified several reasons to doubt the validity of the magnitude of the debt burden for the Russian economy. It was concluded that in current Russian conditions a peak of decision-making on the debt had been reached. Over the past four years the debt has increased 2.3 times, while the state guarantees incre...

Today information technologies provide good opportunities for computerization in the financial sector for financial services and individual investment. The majority of Russians look at investment process as very difficult and risky, therefore preferring to deposit their money. To support this argument, the growth of the individual deposits for the period from 01.01.2012 to 01.01.2016, grew by 98% [1]. On the contrary, the number of private investors in the Russian stock market is less than one percent of the count...

Air transport is currently one of the fastest-growing service sectors. People constantly travel for various reasons (tourism, business) to distant locations worldwide. Consequently, analyses of data concerning both passenger and cargo air traffic is of great importance in designing development strategies for regions with airports in their resources. The main purpose of this study is to prepare a forecast of air passenger transport in the one of the airport which is located in south-western of Poland. There are ver...

Cardiovascular diseases rank among chronic diseases that may have negative impact not only on the individual's economic activities but they may have radical impact also on the individual's common life and on its quality. The expenses on the therapy of heart and vessel diseases in the Czech Republic are paid predominantly from public health insurance and partially also in form of financial contribution of the citizens, consisting particularly in payment for medicines. This article, based on the implemented project ...

Previous research in the field of protest activity showed that protests are result of a multifactorial impact of socio-economic factors on the individual and group consciousness of citizens, taking into account the cognitive and axiological refraction of the surrounding reality which differs drastically for different regions, time periods, other circumstances. The key finding is the fact that any protest activity is conditioned by nonlinear influence of social and economic factors which form particular patterns of...

The current policy of the Russian Federation in the Arctic is aimed to large-scale expansion of the resource base in the region, development of economic sectors and construction of infrastructure facilities. The implementation of these ambitious projects requires recruitment of qualified labor resources to the region and attractive social and labor conditions. In the article, the current state of the socio-labor sphere of the northern region is considered on the example of the Republic of Sakha (Yakutia) as one of...

The paper presents results of studies devoted to assess the role of social capital and its relation to innovations, including social innovations, and development, particularly in rural areas. As an example of an indicator or category of social capital and innovation, the development of cooperatives in rural areas has been evaluated. Moreover, the benefits (i.e. for farmers, consumers and society) of rural, especially agricultural, cooperatives are estimated. Besides, the nature and impact of state support for agri...

Nowadays we are witnessing the growing proliferation of social media in almost every sphere of our lives – from economics, to politics, society and education. Undoubtedly, the new opportunities of various social media applications such as social networking sites, collaborative projects, blogs, wikis, content communities, forums, etc., have their impact on educational process for both teachers and students. The main goal of this research is to identify some notable trends, opportunities and limitations regarding ...

The presented article is devoted to the study of the role of socio-ecological education in the development of the economy, which is associated with the threat of an ecological disaster, which requires an urgent search for options and ways to dramatically change people's consciousness, their worldview and value systems, requiring an urgent research for options and ways to principal change of people's consciousness, their world perceptionand value systems. The relevance of the research in the article is determined b...

The authors focused on the analytical work on the autism spectrum, the continuous growth in terms of number of clients of social work and difficulties with mental disabilities - of men, women, children, youth, adults and seniors, is a challenge to the scientific orientation. Precisely it is because of the issues of disadvantaged, communication, therapeutic activities, and economic support for mentally disabled people in their families and society are not paid enough attention. A typical reaction of the family afte...

In the science and practice of management, attention has been drawn to the problems of assessing and ensuring the effectiveness of managing organizations under the influence of risk factors. As evidenced by domestic and international experience, most managerial decisions are made in a risk environment, with a number of factors: uncertainties in the external and internal environment, elements of chance, lack of information, which causes the actual results to deviate from the planned ones. To level these deviations,...

The paper deals with the necessity of integrating financial systems of state corporations into financial systems of the world in general and separate countries in particular, mutual benefits of this process outlined. Financial architecture plays a significant role in the development of the world economy consisting of a great number of national and regional economies having different levels of innovative development. The world financial architecture is subject to constant reforms, adapting to new approaches connect...

Solvency of health insurance company depends on tariff politics that should be adequate to value of risks insured which depends on number of claims received. InsuredВ’s diseases can occur simultaneously or in various combinations so claims in health insurance are depended. Traditional actuarial methods based on calculation of proportion of insured with each disease among insured individuals donВ’t take into account possible dependencies between diseases occurrence. Multivariate probit models are the contemporary e...

The relevance of this study is due to the need to improve the methods of industrial policy formation.The development of industrial policy is the area of strategic management of the state and economic entities. The application of mechanisms and instruments of industrial policy should be based on the principles of regulation, coordination, promotion of the most priority areas of activity. Due to the limited resources of any kind, as well as the type of tasks to be solved, the problem of selecting priority options co...

For a long time, agriculture has played an essential role in the development of rural areas, but agricultural activities are no longer the only option for the development of these areas, "agriculture is no longer the vertebral column of rural economies." For the next period attention should be directed to: the development of rural villages and farms; support for processing agricultural products; relocating young people to rural areas; Development of activities in the tourism sector; Creating SMEs in rural areas. R...

The article is devoted to development of ecological tourism on the territories of the Arctic, in the territories located north of the polar circle, and extending to latitudes В± 66В°33'44". As the research methodology used for comparative analysis of projects and programs of development of tourism in the territories of the Arctic. As the base was used for comparison of the program of state and regional support for tourism, social and entrepreneurial initiatives of the local population, as well as commercial projec...

In his whole, rural tourism includes a wide range of accommodation modalities, of activities, events, festivities, sports and entertainments, all running into an environment with rural specific. Therefore, rural tourism represents an concept that includes the tourist activity organized and managed by the rural local population and which has on base a close relation with human and natural environment. Agrotourism comes, in the frame of rural tourism, as a complementary activity, that fructify the surplus of accommo...

The purpose of this paper is to present issues concerning the status and evolution of the Romanian economy. The study started in this work will continue with other research in this regard. The working methods used by the authors were the data collection, processing, analysis and comparison. The research is based on a bibliography consists of various scientific publications, statistical data, books without claiming to have exhausted the literature on this subject. Economic growth represents the essential engine for...

The objective of the study is an adaptation of the survey method for the preliminary evaluation of the Rural Development Program (RDP) in short-term, when the quantitative data for the period is not yet available. A survey of agricultural holdings and enterprises (i.e., on-line questionnaires with an e-mail notification) was therefore designed, equally targeting the units supported and non-supported by the Program. The survey covered all regions of Latvia, with a total of 867 responses obtained. The responses were...

Sustainable competitiveness as a concept is introduced in the scientific debate in the last two decades. It is addressed on considering economic, social and environmental factors that determine competitiveness in the long run. The paper is focused on measuring sustainable competitiveness at the national level. Two indexes are considered: the Sustainability Adjusted Global Competitiveness Index (World Economic Forum) and the Global Sustainable Competitiveness Index (SolAbility). The paper compares sustainable compe...

Robo-advisors are online wealth management platforms that provide tailored automated investment solutions. First platforms were located in Silicon Valley in 2011 and since then have enjoyed continuous success among private investors all over the world. Thanks to the simplification of the relation between investors and advisors through digitalisation, low fees and good performance achieved through the use of personalized algorithms, new investor segments are approaching to digital wealth management. Although the It...

The aim of the article was to consider the correlation of logistics and marketing functions, which consists in the rather simple phrase: Marketing creates support and increases the demand and Logistics provides it by creating of various systems and schemes of goods traffic (rival and non-rival form) and controlling their passage. The relevance is that for successful modern business management there is a need to establish an effective system of interaction between marketing and logistics, which requires paying atte...

The article describes the changes in the taxation system for oil companies introduced within the period of 2002 - 2016. It is indicated that introduction of tax exemptions was due to decrease in the economic efficiency of oil production due to the growth of the tax burden. The important role of tax exemptions for mineral extraction tax (MET) is considered to be important for stimulating the growth of hydrocarbon production. Amendments to the Tax Code of the Russian Federation, expanding the list of privileges on t...

Tax policy is one of the main instruments of economic policy of any state. It is realized through the establishment of goals, objectives and specific quantitative parameters of revenues and the country's budget. Condition of public finance has a significant impact on the real economy. So, the choice and justification of the measures, decisions and actions in the area of tax policy, directed on realization of conceptual ideas within the existing Russian economic policy is one of its key contents. The article is ded...

The concern to protect consumersВ’ dates back to antiquity, the development of merchandise exchanges in markets from cities is not a random and uncontrollable phenomenon. The market of tourist products and services, in continuous development, leads implicitly to evolutions in the field of consumersВ’ protection, which will strengthen the cooperation with non-governmental organizations and with civil society. ConsumersВ’ protection in the tourism sphere is part of the social policies promoted by any state. At the s...

Tax fraud can be characterized as deliberate circumvention of rules to avoid paying taxes. Illegal avoidance of tax payments and their circumvention results in tax evasion. The main reason for the existence of tax evasion is the inconsistency between the state's interest (in maximizing the tax collection as much as possible) and the taxpayer's interest (in paying as low tax as possible). Tax frauds and their personal backgrounds, sophisticated forms, extensive structures and so on are always a step ahead of nation...

This article is about the problem of financial structure of the firms and about their indebtedness. It is not easy to find some optimal indebtedness in the theory nor in practice. The aim of this article is to do the analysis of the indebtedness of firms in selected branches and to compare the development of this indebtedness within the period between 2010 - 2014 years among the Czech Republic, the Europe and the USA. It is necessary in every area to analyze the absolute indebtedness and its development, mainly de...

Innovation policy is the interface between research and technological development policy and industrial policy and aims at creating a conducive framework for bringing ideas into market. Innovation is an important improvement and development element in all areas of economic and social life, business environment as well as regional processes. The correct risk approach helps eliminate the negative trends in activities carried out by innovation and because of that it may increase the interest of other stakeholders to ...

In recent years, European countries have become increasingly desirable immigration destinations. Europe recognizes that good immigration management is a cure against the demographic problem. This is one of the possible solutions for our country to tackle the demographic deficit in our economic development. A working population is a valuable source of tax revenue. Having enough working-age population is vital not only for the economy but also for tax revenue. This money is needed to finance the retirement and healt...

Everyone needs protection, whether if we think at individuals or legal entities. Throughout a lifetime, are accumulate a series of goods, values, agonized with a lot of labor, which can disappear in a moment following a fire, an earthquake, a theft or some other reason. The resulting financial loss can not be offset otherwise than by insurance. The insurance market is a framework in which insurance transactions are carried out only on a contractual basis. Here are found the insurance request, coming from individua...

The economic development of the Russian economy involves intensive development of services. Tourism in recent years has become a key component of the services sector and the economy as a whole. This direction is of fundamental importance for the formation of Russia's GDP in the postindustrial period of economic development of the world economy. Lately in the world and in Russia the increasing distribution receives the direction of the environmental services, including ecotourism. However, taking into account world...

In the article the questions connected with research of a modern condition of ecological tourism and prospects of its development in Russia are considered. To date, environmental tourism is one of the most promising and rapidly developing sectors of the tourism industry, occupying one of their leading positions. The methodological basis was the work of domestic and foreign scientists studying the problems of ecological and rural tourism and the development of special protected natural areas of Russia. In this cont...

This study is very important because through this type of green tourism (ecotourism) we would like to minimize the negative effects on the environment and on the human health. In the last years, the studies from the specialized literature showed that the foreign tourists (Germans, English, Americans) want to spend the vacation in places which are “friendly with the environment”, even if they have to pay more for the offered conditions. In our study, we used a questionnaire among the Romanian tourists, which lo...

The subject of this study is the interrelation and interdependence between the accounting information, the sufficiency of bank capital and the management of credit and liquidity risk. The factors influencing the exact determination of the required capital in conditions of a changing regulatory environment are presented. The effect of the higher capital requirements on the level of bank liquidity and credit strategies applied by the banks in Bulgaria is investigated. From the general study of capital adequacy and t...

Tourism in the modern world, becoming one of the most widespread phenomena in society. This is facilitated, on the one hand, its effectiveness as a form of economic activity, and, on the other hand, the emergence of the society members of new possibilities, i.e., more free time, greater mobility, increased financial possibilities. At the same time, tourism as a social phenomenon, is immersed in the space of modern mass culture and, to a certain extent, is part of it. The phenomenon of tourism is studied in many sc...