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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...

The main objective of this study is to identify the impact of labor force immigration on the labor market of Slovak Republic. The solution of this issue required an analysis and examination of specific relations within the labor market trends development in Slovak Republic (employment, unemployment, wage level, number of free jobs) and labor immigration. Several economic criteria are developed in this study and the effects of labor emigration on labor market are recalculated by means of mathematical calculations. ...

Studying the behavior of the consumer of sheep meat and meat products in the historical Banat, which stretches on the territory of two countries (Romania and Serbia), we can understand the motivations and the finality materialized in the purchases made by them, having major implications for the improvement of the offer from the market of meat products and increase of the marketing result in case of sheep raising and exploitation farms, but also within the processing units. It is noted, regarding the consumption of...

This article is devoted to the problem of foreign labor inflow to Russian economy. Immigration inflow has been growing in the course of last years. From one side, it is a source of low professional workplaces replenishment, from the other – a reason of numerous social and ethnic conflicts. Irregular labour migration evolved as a central problem during the ten years. International migration in Russia is composed of the inflow of immigrants from other countries of the former Soviet Union. So, estimation of the forei...

The article analyses the contents of investment policy within four conceptual aspects: essential, positional, systemic and structural. The approaches to the understanding of regional investment policy as an integral part of economic policy, system of regulation of investment activity and as an ideology, defining the principles of investment management. The essence and principles of investment policy as well as its position in the system of investment activity management on the meso-level are defined. The results o...

Introduction of technical innovations significantly influences the main characteristics of the factory staff work process. The increase of production efficiency may be followed by the growth of work intensity of the employees. This in turn leads to negative consequences of both social, and economic nature. Therefore, the problem of work optimization is complex. To solve it, it is necessary to choose methods of measurement of work intensity of the personnel and to proceed a modelling of work processes for new emplo...

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 company’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 company’s activities must be included in the issuer’s public reporting. However, as seen from the content analysi...

This article describes an evaluation method of banking activities effectiveness in the field of innovation financing. In contrast to classical approaches, the comparative analysis of the condition, effectiveness and problems of the innovative projects venture financing development in Russia is performed with the use of matrix models describing the return on investment across countries and regions, as well as the contribution of banks in venture capital investment in respect of final volume of innovative products p...

The economic authorities’ decisions not only influence the economy, but also induce interactions between economic authorities. The recent crisis has provided evidence that the fiscal policy significantly shapes the decisions of independent central banks responsible for ensuring price stability – the main objective of monetary policy. This mechanism, described by the fiscal theory of the price level, is not a new discovery, because it has been debated on since the 1990s. The fiscal theory of the price level holds t...

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 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...

For several years, the issue of innovation has been a taboo concept for some entrepreneurs. Each separate part of their company must include hallmarks of innovation. Every product or service introduced into the market or manufactured must be innovative. But is it, actually? Innovation is associated with a new, ground-breaking technology. Companies applying for EU subsidies begin to prove in their projects the innovation of their products or services. The most dangerous issue is that they prove it during the stage ...

The article substantiates the preservation for the coming period the value of oil, as one of the world's main sources of energy, and for this reason, its prospects as an export share of the Russian economy. However, the export potential of oil is currently declining objectively due to, on the one hand, the reduction in the volumes of easily recoverable stocks with good transport accessibility, on the other hand, the relative decline in world prices, which reduces the commercial attractiveness of developing new fie...

The financial market is one of the most important segments of the economics because it has been serving as a channel through which funds are transferred between particular economical entities. Financial system is a part of the economic system whereby for the latter it is important the financial sector to be as stable as possible. The article is dedicated to a theoretical base of the financial market regulations and it describes situation on the financial market from short term as well as long term perspectives. Ba...

The article presents forecasting methods of economic dynamics developed by the authors. The first model is based on the mechanism of adaptive filtering of timing series. This article demonstrates prediction filters that can be effectively used in moni-toring of economic systems. Their approbation was carried out on the basis of data pro-vided by the local office of the Federal State Statistics Service of the Nizhny Novgorod region. The quantitative information was insufficient to reveal a significant statistical a...

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 love t...

The northeast of Russia by in large and Yakutia in particular, is almost undeveloped tourist region of the world. However the region has the considerable tourist and recreational potential allow considering him as perspective. Tourist and recreational division into zones act as scientific base of territorial planning and management of a tourist complex. Now division into zones of this part practically of Russia isn't developed. The option of tourist and recreational division into districts of the Republic of Sakha...

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 ...

Business Tourism on the Bata Canal is one of the best developing businesses in the Czech Republic. Business development is mainly supported by municipalities and cities and regions. Despite this support. There is a risk of doing business. The study describes and explains these major risks. The study indicates to specific development of inland waterways in the Zlín region and follows analysis of the Bata canal for tourism, business activity, environment and financing structure. It also focuses on the planned develo...

Creating and maintaining a strong investment climate in the economy is the important initial precondition for solving problems to ensure economic growth and competitiveness of the country in terms of its integration into the world economy. Despite the fact that the Russian market has the potential to become attractive for foreign investors, it is characterized by unpredictability, which prevents the flow of foreign investments into the country. Our retrospective analysis showed that the formation of a positive inv...

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...

The Russian economy is in crisis. In 2014, the Russian government has introduced a food sanctions. This caused a certain economic processes in agriculture, post-Soviet Russia. Now the problem of food security of Russia practically solved. The main figures of the Russian agrarian economy are large agricultural holdings. The value of small farms is reduced. However, the agrarian economy of post-Soviet Russia is on the verge of a new economic crisis associated with the termination of public investment. We discuss a n...

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 ...

The main objective of this article is to analyse the experience of Polish companies in using equity - based crowdfunding as a source of capital. The author also shows new solutions which are planned to be introduced in Polish law to make an easier use of this form of financing. Based on the case study of two finished campaigns, the advantages and disadvantages of equity-based crowdfunding are shown as well as the estimated cost of such capital. The consequences for a company and for its owners of using capital fro...

The fundamental challenge of the contemporary world is finding a proper model of transformation of the existing linear, unsustainable and irresponsible economy towards the circular economy harmonised with the needs of present and future generations. Financial institutions, due to their intermediary role, should have a particularly important role in the transition towards a more sustainable economy. In the last 30 years various ethical and alternative financial institutions have been founded in many countries aimed...

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...

The article explains that the information function of the financial market is the key for pricing of a financial asset. Information acts as an argument of nonlinear function of returns, prices and risk level. At a time when the information becomes a hefty price, the information value of the financial market becomes comparable to its interests effect. It gives the basis to include information factor as a variable in the model of capital asset pricing and the financial market model. In turn, secondary market prices ...

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...

Development of the Northern and Arctic regions requires innovative approaches to support high quality of living in terms of business processes and everyday life. On the whole, these regions are most hard to support financially and require high costs. Standard of living is closely connected with regional infrastructure development, energy saving playing most import role. In Northern and Arctic regions energy saving has specifics compared to other RF regions as energy resources make up to 30% share of total costs, i...

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...

Development of tourist services has a major importance in the economy of each country in order to ensure the increasing of living standards of the population. The hotels offer is focused around the accommodation, representing for more than 50% from the total of the receipts, and constitutes a service, quite. The client, who has been captured by the accommodation hotel, is presented with the whole offer, together with other services made available to him. The other services, of smaller importance represent for a cl...

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...

The research paper focuses on assessing the impact of the tools of the fiscal policy of the country for the resource regions and municipalities development in the context of the current budget federalism and inter-budget relations. Krasnoyarsk Krai – the largest in its area and the availability of natural resources region of Russia is considered as a model resource region. The Krai’s role in the Russian economy as well as its financial and social well-being are largely determined by the resource model of the econo...

This article describes the problems of the formation of territorial brands as a factor of sustainable tourism development in Russia. The basic definition of a territorial brand and regional branding and more developed formulations of the above categories. Selected fundamental principles that should guide the creation and promotion of territorial brands. Much attention is paid to the formation processes of territorial brands on the example of Republic of Tatarstan. Territorial brand characterizes as set of develope...

This paper provides a brief review of literature and evidence on the relationship between capital structure and ownership structure. The study also provides empirical support to the determinants which affects the firm capital structure. This paperwork tests proposed hypotheses of relationship between leverage ratio and traditional determinants of financial leverage of Russian firms, operating in the petrochemical complex of the Republic of Tatarstan, using dynamic panel data methodology. To analyze the impact of f...

For effectiveness of sheep farms and economic development of the area where farms develop his activity, we propose the following activities, which can be implemented in any farm regardless of the herds and of the location where the farm is situated. These activities are: rediscovering the ancestral technologies of obtaining traditional products (patina cheese, bellow cheese, cheese in shell of tree, smoked curd, fermented curd, soft ewe’s milk cheese, kneading soft ewe’s milk cheese), rediscovering specific custom...

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 disparity of economic development between regions of Russia is still under discussion. To date, a range of methods and models for evaluation of regional inequality exist. Russian researchers use statistical indicators (Gini and variation coefficients, Atkinson and Tail indexes) to measure the level of difference between GRP, population income, salary, investment allocation, tax incomes, budget incomes and others. The authors associate the disparity of regional development with the natural and artificial compet...

The aim of the article is to analyze the sales change on the selected financial indicator in the construction company. Sales are crucial to the sustainable development of the construction company. It is important to make their prediction as well as cost prediction. Together they influence determination of the operation profit. Economic development of the construction company can be monitored through various financial indicators. Among the important indicators for the company’s assessment belong the above-mentioned...

The paper deals with the methods used by Czech companies for the evaluation of company performance. The evaluation of company performance remains a crucial topic for company’s management. The development of business environment is influenced by globalization, which increases competition between companies around the world. This creates new obstacles as well as opportunities in the area of measuring company performance. Companies are constantly forced to increase their performance to retain their market shares and s...

The budgetary policy of any state is a tool that realizes its priorities, goals and objectives that finds its reflection in structure of its expenditures. The analysis of the budget items allows making conclusions about the state priorities and prospects for the development of this state. The main criteria reflecting the country's long-term social and economic forecast are investments in the spheres reflecting the development of the human capital, that is, into the social policy. A lot of the developed countries a...

The article deals with the results of the research of the bank lending to entrepreneurial entities system in the Volga federal districts of Russian Federation. The problem of bank loan availability to small and medium-sized enterprises is one of the most important factors constraining the development of the entrepreneurial activity in Russia. Purpose: to compare and present the classification of the regions of the Volga Federal District on the level of loan system development. Methods: the taksonomic method is use...

The article focuses on the issues of formation of the competitive environment in public procurement. The basic principles of public procurement bodies, the need for an effective policy of public spending and competition between suppliers of goods and services. The basic reasons for competition are two fundamental principles of a market economy: freedom of choice for the consumer (which product to purchase) and freedom of choice for the manufacturer (which product to produce).The effectively built up mechanism of t...

Double-entry bookkeeping system has many information restriction: it does not allow recording an inflation impact or systematize several valuations of the same object; it does not disclose the external and internal environmental factors influencing a business activity, financial results and wealth of the companies. One of the perspectives for transforming the double-entry accounting was developed by Yuji Ijiri in the 1980s. The triple-entry system is based on extension of double-entry system, when a fundamental eq...

Current customers must be able to quickly and accurately navigate through a range of products that are offered at a time of global world, highly competitive and saturated market and producers. On the other hand, enterprises must fully know the requirements, needs and purchasing power of their target customers. By knowing this, they can prepare a proper offer where the customers will be able to choose. The price is therefore one of the determining factors of a functioning market. The price of goods or services is a...

A significant degree of uncertainty in the consistent of the fiscal development within EU countries has prompted governments to stop or decrease unfavourable developments and to look for solutions to ensure sufficient debt financing. In the context of debt financing, which is one of the major ways of financing the fiscal imbalance, are countries, as reported by OECD surveys, besides traditional debt instruments focusing also on the use of specific financial instruments - derivatives. The aim of the paper is to ana...

The article substantiates the topicality of developing the theoretical and methodological bases for threat monitoring in the regional alcoholic beverages market. The need to modernize the regional policy of state regulation of alcohol production in the subjects of the Russian Federation under growing external and internal economic threats has been identified. The assessment of threats to the development of the region as a result of a reduction in the turnover of alcoholic products was conducted using a situational...

The article presents the analysis and the evaluation of the direct foreign investments’ influence on the structural changes in the region’s economy. Foreign investments affect the processes of the economic development due to decreasing the gap between the level of needed investments and the level of domestic savings, what is undoubtedly a favorable factor for innovative modernization of the industry. Based on the systematization and comprehensive analysis, the demand in direct foreign investments for innovative mo...

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 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...