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The paper is aimed on lifelong learning of the adult population and assessment of the influence of selected determinants on participation in lifelong learning within the European Union Member States. Governments invest in education to help foster the economic growth, enhance the productivity, contribute to the personal and social development or reduce social inequality. A lack of skills strengthens the risk of unemployment and the differences in skills have an impact on earnings. Higher levels of educational achie...

The development of VAT revenue in the Slovak Republic depends on its macroeconomic base, which is mainly affected by the final consumption of households. In the Slovak Republic, the final consumption of households accounts for more than a half of GDP. Since 1993, VAT revenue has been increasing on a year-to-year basis from 911 million euros to 5.5 billion euros in 2015, except 2009 when there was a sharp decline due to the crisis. In this period, the VAT share in total tax revenue of the state budget increased fro...

Recent changes in the business environment exposed the insufficiency of financial data traditionally presented in financial statements. Available researches emphasize that recipients of financial statements demand comprehensive data about the business activity. Modern accounting faces the formidable challenge to reflect companyВ’s values not only by financial data but also by non-financial disclosures. The need for non-financial data disclosures has also been noticed by the Institutions of the European Union. The ...

The main objective of this paper was identifying the needs, wishes and expectations of Romanian customers in connection with their holidays, to the purpose of attempting the rebound of this economic branch, and the increase of the interest of as many potential customers as possible for Romania. The reason for choosing this topic resulted mainly from a desire to offer relevant information about a real-life situation on the Romanian tourism market, in which Romanians prefer spending their holidays abroad. In the res...

The paper presents the results of a quantitative research, based on a questionnaire, study of the opinion of the hospitality industry organizations in Romania regarding the necessity to develop a food safety management system (SMSA), designed according to the requirements of the international ISO standards, and the continuation of the investments for the implementation and its certification. After a decade of applicability of the ISO 22000: 2005 standard, there was a remarkable success in Romania regarding the evo...

Tourism is a business that involves interaction, communication and promotion. Tourists need a reason to visit a place: interesting things to do and see, in a word, attractions. They may be natural or man made an activity or an event. People will not visit a place just because it has attractions, these must be developed and promoted to attract visitors. Someone has to tell them about that place or community and teach them how it should be done through marketing communication and different communicational strategies...

In the modern economic conditions companies are forced to reconsider their approaches to management of financial, economic and business processes in manufacturing. This fact is due to high speed of transformation of the environment under the influence of disturbing factors generated by the globalization of the economy, the rise of transnational corporations, accelerated flow of information and other influences. In this case, it is necessary to develop a toolkit, which would allow to adjust the management in view o...

In the context of the need for cost reduction and consumption of electric energy, and environmental protection, the need of a continuous investments in clean technology, honorary in terms of pollution, transforming and improving the existing capacities of the production and distribution of electricity also upgrading infrastructure and services, necessary. The evaluation of savings through the regulatory process in order to achieve efficiency in electricity market, is necessary to establish the measures for the eff...

The article investigates the problem of influence of processes of globalization and transformation on the world financial and credit system. Discusses is the main directions and trends of the transformation process, as well as the nature and consequences of globalization. It reveals the positive and negative aspects of globalization in the economy and specifically in the financial sector.

The paper is devoted to the role of information context in dynamics of investments in the Russian Federation. The basis for the study was a selection of news from major Russian TV channels for 2006-2016. The news available to ordinary viewers of the three main Russian television channels was analyzed. News was defined as negative or positive using two methods: according to linguistic characteristics and their economic meaning. In obedience to the results of the study. Increased uncertainty (the spread of positive ...

Economic activity is largely due to unpredictable market conditions. It is caused by economic freedom of all economic agents. These conditions generate uncertainty, alternative and ambiguity of events. The information space asymmetry causes incremental transaction costs and leads to an enhancement of the information uncertainty role in terms of risks of the organization. Therefore the information component problem of the uncertainty of the economic environment is one of the most current questions of modern economi...

The article presents the methodological aspects of control and analytical functions in the internal accounting system. Attention is focused on the problems of the organization of an effective system of financial accounting. The essence ofthe main approachesto the organization ofthe internal control systemis to determine theset ofregulatoryprocedures to ensurethe reliability ofaccounting data, thereforeimproving the quality ofinformation,tax recordsare of particularimportancein decidingthe users concerned. Discusse...

Currently, the role of investment both in global and national economies is extremely high and is one of the most pressing problems. With the growing number of transnational corporations and their branches in most of the countries began a new stage in the development of international investment relations. As a result of increased export of capital over export and import goods, the Russian economy suffers from an acute shortage of foreign investment. It is necessary to create a favorable climate and to develop a sys...

Background: This article addresses the problem of financial security. This topic is very interesting and has been chosen for us because issues relating to the development of companies than ever relevant today. The article is devoted to the complex research of financial security as a factor for sustainable growth companies. In the study, we set the following key objectives: to consider the main factors influencing the growth of companies, identify the key factors of influence, consider the specific situations and e...

In this article the mechanism of formation and functioning of creative spaces of territorial formations of the Russian Federation. This mechanism is considered as part of the concept of development of territorial entities and economic security of the country. The proposed mechanism will contribute to innovative development of territories associated with environmentally friendly use of former industrial buildings in the city, former industrial areas and improving the quality of life of the population, which will be...

At present the problem of regional innovation development in Russia is rele-vant. The incipient new industrial policy aimed at the priority development of high-tech industries, the growth of output of science-intensive and competitive goods at the for-eign and domestic markets should been separable associated with the growth of innova-tion activity, innovation potential and the effectiveness of innovation in the regions of the Russian Federation. The article describes one of widely accepted methods of inno-vative ...

The rapid development of scientific research, involving numerous improvement of production processes, technologies, management practices, determines the necessity of personnel of appropriate qualifications involvement. The change of generations of technology in the production activities occurs, according to various estimates, every 5-10 years. This means that the education received by plant personnel 10 years ago, is outdated and does not meet the requirements of the moment. And this, in turn, implies the need for...

One of the key instruments for improving tax administration in the Russian Federation is a new setting of the tax system in 2017-2018 years. First of all, innovations relate to the VAT system. In particular, will need further study questions of expediency and needs to increase the basic rate of tax, the abolition of preferential rates. To achieve a balance in the tax relations will be reduced the tax burden for businesses of Direct Taxes. To harmonize the taxation of individuals, need to develop methodical bases o...

In considering the issue of coordination between monetary policy and fiscal policy, or a lack of it, one has to take account of the so-called zero lower bound on nominal interest rates, also known as a zero-bound (ZLB) problem. The problem basically is that nominal interest rates cannot drop below zero. Many economists argue that a near-zero interest rate encourages fiscal stimulation that certainly has influence on the type of decisions made by the central bank. Some studies point to higher effectiveness of fisca...

In today’s globalized world there is a growing importance of regulatory, legislative and institutional frameworks. On the basis of these conditions, the particular national economies may affect the overall competitiveness of the economy not only by production factors but also by creating frameworks that directly affect the production costs and input prices through various taxes, grants or fund contributions. In the context of ensuring the long-term prosperity of each country, the more and more emphasis is placed...

The problem of poverty has always been considered as one of the most topical problems in Russia. The poverty threshold is legally fixed at the subsistence level, which, unlike similar indicators in other countries, does not meet the requirements of human needs satisfaction at the appropriate level. Since 2012 the population with income below the subsistence level has been steadily growing while income spread has been constantly increasing. It is due to peculiar features of the Russian social policy model that this...

The enforcement of economic security is one of the key tasks of state investment policy. The searching for effective solutions of this problem is really important in conditions of foreign policy disagreements and sanctions against recipient country. The purpose of this article is working out a concept of application in Russian Federation of range of limitations to foreign capital inflows. Abstract-logical, analytical, and dialectical methods of scientific knowledge were used in conducting this study. The used in i...

One of the main characteristics of the Russian economy is mixed, which results in the coexistence of enterprises and industries with different technological development levels. The predominance in the economy sectors using technologies of the third and fourth technological structures determines the necessity of measures industrial policy development ensuring the balanced development of the industrial complex. The economic potential development of territorial-industrial complexes based on the interaction with devel...

Security is one of the basic human needs. Without the formation of a secure social and economic system, a person cannot fully realize his need for security. We considered various definitions of security. Our objective was to examine a system of concepts that are close to the notion of security – danger, risk, threat, stability, vulnerability, reliability, harm, damage, loss, sustainable development. Firstly, the interaction of these concepts was presented graphically. Secondly, the authors have proposed a new co...

The steepness of the bond yield curve should be an excellent indicator of a possible future economic activity. A rise in the short rate tends to flatten the yield curve as well as to slow down real growth the near term. The relationship between the spread and future GDP activity was proved already before. This paper aims to analyse the dependence between slope of the yield curve and an economic activity of selected countries between the years 2000 and 2016. The slope of the yield curve can be measured as the yield...

The article discusses the necessity for and direction to improve evaluation of accounting and control procedures of the facts of business units economic activities in auditing. AuthorВ’s definition of the concept of В‘accounting and control proceduresВ’ is given in the article. The constituent elements of the system of accounting and control procedures are defined. The indicators of the elements evaluation are systematized in terms of the accounting and control procedures system elements. A technique of accounting...

Background. The global economic crisis of year 2008 and the period of its overcoming have proved that existing risk management systems do not meet modern challenges. Moreover, many economists and specialists predict a new wave of crisis. In this regard, in the new economic realities both to the governments of states and to the business community is the task of creating a system for identifying, assessing and managing risks. To this end, the World Economic Forum periodically presents an analysis of the most dangero...

Background: Since the political and economic transition, many changes have been observed in the organization and performance of accounting services in Poland. It can be noted that specialized accounting service offices frequently replace traditional accounting departments as a result of outsourcing of specified business activities. Since 2014, under Polish deregulation policy a new law is effective abolishing the obligation for certified approval of professionals offering accounting services. The legal changes res...

The paper studies foreign practices of tax policy formation. The capability of a state to ensure social stability based on reasonable distribution of national wealth and household income is a very important indicator of modern society development level. However the mechanism of income distribution and the results of its operation may not agree with the social idea of justice. Many economists adhere to the opinion that the state should regulate the distribution of the incomes of the society and it is advisable to o...

Financial crises charge nations immense costs and lead to weakening of wellbeing. Politicians, professionals and academicians search for understanding of causes of financial crisis to enable them to spot their first hallmarks, and to adopt efficient regulative measures that may prevent financial crises and accompanying costs. When economists discuss an occurrence of the 2008 financial crisis they pay attention to plentiful reasons – but not taxes. This paper aims to investigate possible role income taxes might h...

The article justifies expediency of creation basic universities in the industrially developed regions of Russia with a significant scientific, educational and innovative po-tential and well-established links with industrial enterprises of the region. The strategic mission of the basic universities is to promote the development of the real economy through the organization of an effective transfer of knowledge and technologies, as well as the training competitive specialists that ensure the implementation of modern ...

The paper aims to analyze the marketing mix in the technical university education services. The most important particularities about the higher education services are about the marketing mix. Regardless of the field, it builds on the basis of the four traditional elements: product, price, placement and promotion. In the case of educational services, the marketing mix expands with three other elements: people, processes and physical evidence. All the elements of the marketing mix are interdependent. The people are ...

The article presents the essence and importance of labour productivity, which is the primary indicator for the assessment of the competitiveness of countries in the international market. The aim of the work is the analysis and evaluation of labour productivity in Poland against the background of the countries of the European Union and international statistics. The results of the research and analysis presented concern activities and courses of action within the framework of the Polish labour productivity growth st...

The article proposes the indicative system of sustainable development of the region that contains thirty indicators grouped into ten projections (macroeconomic sta-bility, industrial development, food development, energy development, financial sus-tainability, personnel development, innovative development, social development, envi-ronmental development and economic development). Each of the projections has three indicators. We have chosen threshold value for each indicator. The choice of threshold value was made f...

The competitiveness of the economy is based on an innovative type of reproduction. Thus, the underlying objective of the article is to identify the key trends of innovation development in the Russian Federation. In order to solve this problem, the authors have analyzed the dynamics of the Global Innovation Index (GII) in countries with different levels of economic development and determined the ranking position of the Russian Federation in the context of those countries. Based on the statistics, a comprehensive an...

The article proposes classification approach to the analysis and the typology of socio-economic development strategies of municipal regions, which was used in solving practical problems during elaborating municipal regions strategies of the Tatarstan Republic in 2016. This approach is based on machine learning techniques and allows making both quantitative and qualitative assessment of main characteristic features of municipal strategies system of the Tatarstan. This system was developed in the middle of 2016, app...

Modern economic relations require companies to constantly move forward, flexibility, innovative methods of production, management, improve their financial stability. Factoring has huge prospects of development in Russia, as it allows organizations to efficiently resolve the problems of liquidity and cash-flow. The relevance of the study due to the fact that the use of factoring in the activities of the enterprise allows to evaluate fairly the financial condition, increases the turnover of working capital, which in...

Achieving sales is an essential for long-term business activity on the market. Sales information represent a valuable source of information for business management and hence for its future managerial decisions. These decisions are essential to achieving the company strategic goals that are part of the long-term strategic management concept of the company - valued information concerns especially the sales and the expenses development. Development of sales company's values can be predicted to a certain extent by app...

In the research is made an example of assessment and development of the methodology of multiobjective tasks of decision-making (MTDM) for optimum placement of the logistic objects (LO) needs. In the article are considered the various approaches to weighting of the structured objective tree blocks reflecting the chosen parameters in the tuples of various degree of completeness. Basing on the Republic of Tatarstan data on areas and district is modeling an example of the replacement of the logistics objects approach ...

In a socially-oriented state, the welfare is a key area of socio-economic development. The authors defined the place of economic security in the system of the welfare of individual and the area of residence. The article examines the risks posed to the welfare of individual and the area of residence in the Russian regions. Based on a comparative analysis of studies related to various aspects of risks, the authors proposed a classifier of risks for the welfare of individual and the area of residence (risk of poverty...

The historically formed heterogeneity of the socio-economic space has a significant impact on the structure and efficiency of the development of the northern territories economy. Economic development of the North becomes stable if the territory settlement, the preservation of the traditional economy of indigenous peoples, as well as rational land use take place simultaneously. One of the focus areas for northern economy diversification is tourism, which is now one of the fastest growing sectors of the world econom...

Tourism in rural areas in Poland in the years 1999-2016 was an important element of socio-economic and cultural life. The aim of the study is to present tourism in rural are-as in Poland in the years 1999-2016. The following research methods were used: analy-sis of historical sources, synthesis, induction, deduction, and a comparative method. There was significant development of tourism in rural communities in Poland in the period from 1999-2016. Rural tourism was a major element in the life of country dwell-ers. ...

In Latvia, tourism is considered to be one of the opportunities for economic growth and one of the priorities for the services sector, as it is a significant source of export revenue that contributes to the countryВ’s GDP. An essential role in tourism development is played by tourism suprastructure, i.e. accommodation establishments and enterprises providing catering services. The research aim is to examine the tourism suprastructure in the regions of Latvia. The research aim has two subordinate tasks: (1) to exam...

Finding ways to fund the sustainability transition in a difficult financial climate is challenging. Since the sustainability transition depends on successfully increasing individuals' well-being, we suggest a new decentralized paradigm to facilitate the transition to a sustainable future. A decentralized business model emphasizes decentralized control over livelihood resources (natural resources, energy, finance, knowledge, networks) and supports individualsВ’ autonomy, relatedness and competence. While adverse ef...

The following research consists of introduction, three chapters, with subsequent parts,and the conclusion. The aim of the research is to analyze the transformation process of Spanish banking sector after the financial crisis in 2008. Author examines a hypothesis that Spanish banking sector plays a significant role in Spanish national economic advancement. Banking sector had been substantially transforming during the economic recession, and now it serves as the prerequisite for State economic advancement in post cr...

The industrial complex of Russia is one of the leading sectors of the national economy and a key component of the expanded production in general, ensuring the formation of more than 37% of GDP, over 32% employment, and more than 40% of the consolidated budget of the Russian Federation. Until 2004 inclusive, industry was regarded as an isolated, the largest branch of the national economy, consisting of isolated industries, operating exclusively in the sphere of material production. Since January 2005, the branch sy...

The present paper is an applied contribution to the analysis of international capital flows. International capital flows play a central role in the global economy; they are closely tied to countries' economic and financial conditions, can influence macroeconomic policy, and bring a range of benefits and risks to beneficiaries. This paper describes the patterns of international capital flows in Russia (a sample of a big emerging market (BEM) economy) in the period 2000?2016, focusing on the last decade. The paper r...

Objective: To describe the dynamics of the joined currency and stock markets system in Russia and study the behavior of significant unobservable components of system state, in particular the dollar investment in the Russian currency. System structural model is proposed in which the main short-term control variable is the price of oil and when investing in currency rubles mass is taken from the stock market and vice versa. We use logarithms to obtain a linear relationship between due output vector and state vector....

The aim of the article is to analyze the current state of the register of municipalities in the Czech Republic with a focus on their influence on the development and operation of the technical infrastructure. Voluntary associations of municipalities represent one of the ways of interregional cooperation; the purpose of all associations of municipalities is to provide public services to their members. The first voluntary associations in the Czech Republic were founded in the early 1990s. Roughly half of the associa...

Background: Working capital is an element that has a significant impact on the financial security of an entity, its profitability and the efficiency of its asset management and its selected liabilities. Working capital management is designed to keep an enterprise engaged in its day-to-day “financial health”. This is a complicated and time-consuming process because it involves the management of current assets and current liabilities. Therefore, it is important to choose appropriate management strategies for ind...