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FUTURE OF HISTORICAL SETTLEMENTS IN THE ERA OF ENERGY EFFICIENCY

(STEF92 Technology, 2014, J. Barnas, A. Podhalanski)

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The problem of the efficient management of energy is very important, not only to individual real estate owners, but also to city authorities. Building blocks, districts or the entire organism of a city require the development of various planning documents - cultural value analyses, integrated urban planning and even energy optimization plans for each district within a city. It is possible to achieve varying economic and aesthetic effects that generate different costs, at the same time having a differing impact on ...

Architecture & Design2014
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INDUSTRIAL ARCHITECTURE IN BRATISLAVA – LINKING THE PAST TO THE PRESENT

(STEF92 Technology, 2014, N. Bartosova, M. Dulla, K. Haberlandova)

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The paper addresses some of the general issues concerning industrial heritage and its values in a contemporary society via unique situation occurring in the Slovak capital of Bratislava, with an intention to emphasize the importance to conserve the remains of the industrial past as an integral part of our culture; not only according to the established architectural and heritage values, but equally addressing wider sociocultural aspects. The methodological approach applied in the research consists of an analysis of...

Architecture & Design2014
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LOW IS MORE? USER-ORIENTED INNOVATION IN LOW - TECH ARCHITECTURE

(STEF92 Technology, 2014, K. Zalewski, A. Gil)

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From the 1990s we have been dealing with a shift of paradigms in architecture. This occurs in a number of directions - but their common denominator is the abandonment of the classical Vitruvius triad – moving form stability to temporariness, from statics to variability, from function objects to scenarios played in time. One of the results of these changes became strengthening of a new species of architecture - architecture of low costs - so called low-tech. It was created as a result of the growing need for fina...

Architecture & Design2014
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IS ISTANBUL A CITY WHICH COULD ACCUMULATE THINGS AND ACTUALIZE ACCUMULATED THINGS?: ON COLLECTED, GENEREATED AND DISPENSED FLOWS IN GLOBAL SCAPES

(STEF92 Technology, 2014, S. K. Koca, O. Uluengin)

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Throughout the history cities have accumulated, controlled, regenerated and dispensed things/concepts which have been carried by flows; nevertheless, with the switch from analog communication to digital communication, they have become more receptive to every thing/concept than ever. In this sense, it can be expressed that, with this switch, Istanbul has also entered into a new period in which the flows have accelerated and intensified. Moving from this acknowledgement this study creates a conceptual ground by defi...

Architecture & Design2014
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KNOWLEDGE BASED ECO-INNOVATIVE PRODUCT DESIGN AND DEVELOPMENT – CONCEPTUAL MODEL BUILT ON LIFE CYCLE APPROACH

(STEF92 Technology, 2014, J. Baran, A. Janik, A. Ryszko)

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The article presents a conceptual model of eco-innovative product design and development built on life cycle approach. A proposed model is based on literature review, observations of the design process and interviews carried out among representatives of teams developing eco-innovations. Particular attention was paid to knowledge management related to reduction of the environmental impact of eco-innovation throughout its life cycle. Specific methods, techniques and tools dedicated to the analysis and assessment of ...

Architecture & Design2014
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MODERN CONTEXTUAL ARCHITECTURE IN HISTORICAL SURROUNDINGS

(STEF92 Technology, 2014, J.Barnas)

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The world in which we live in is constantly being transformed as a consequence of our actions, sometimes in accordance with them and sometimes against them. Behavior models in the fields of economy, culture, social life and aesthetics are subjected to shifts. These shifts are accompanied by changes in the way that architectural form and function are being shaped. The problems associated with the placement of new buildings and the reconstruction of existing ones in relation to existing historical structures are not...

Architecture & Design2014
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IN EARTH WE TRUST: REINTRODUCTION OF RAMMED EARTH

(STEF92 Technology, 2014, C. Stone, R. Drab, O. Kmetova)

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With concrete being the most widely used material on earth, with over two tonnes per person being used annually, and most forms of thermal insulation sourced or prepared by fossil fuels, the building construction market provides significant potential for reducing consumption with cost-effective and sustainable measures. Naturally all building criteria regarding structural integrity, thermal technical requirements and hygiene should be met for the solution to be attractive. Considering the changes in many construct...

Architecture & Design2014
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HOW SPACE INFLUENCES THE RELATIONS BETWEEN GENERATIONS?

(STEF92 Technology, 2014, Lukasiuk, M.)

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The current UN and EU policy highlights building a society for all ages and avoiding of segregation of various generations in local environment. In my paper I would like to present how the material shape of urban architecture influences relations between generations. The article is based on the case study I conducted in some chosen places of Warsaw, using the theoretical prospect of the sociology of architecture. I analyzed public spaces and quasi-public buildings in the context of their both communicative and phy...

Architecture & Design2014
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METHODS FOR LASER SCANNING DATA PROCESSING

(STEF92 Technology, 2014, T. Soltes, M. Kozlovska)

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Advanced design methods using the building information model can be applied also in the process of building renovation. Three-dimensional scanning of the existing site situation by 3D scanner significantly streamlines data collection work. The problem is automated digitization of large amounts of data, and their representation. Automated transcription of the collected data cloud into the elements such as wall, floor, ceiling or window still requires consuming manual composition. Article examines possible solutions...

Architecture & Design2014
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MODERN SPECIAL RECREATION ZONES: ASPECTS OF ARCHITECTURAL-LANDSCAPE PLANNING AND DESIGN. THE EFFECT OF TECHNO-CREATION

(STEF92 Technology, 2014, S. Kuc, L. Ruban)

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The present papers are principally concerned with such social research problem as the 21-st century modern organization of active recreation zones, and, particularly, investigate the ways of given them a new creative urge. This problem is globally spread and is common for most countries. Objects of this research are Aqua Parks, treated as a special landscape recreation zone where architectural-landscape planning, water architecture and creative design meet. The authors have performed the analysis from different po...

Architecture & Design2014
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PLACE OR NON-PLACE: A COMPARATIVE APPRAISAL ON PLACE THEORIES

(STEF92 Technology, 2014, A. Uzunkaya, F. Kerestecioglu, S. K. Koca)

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Along with modernism †space', one of the main interests of architecture, started to be handled as an empty, abstract and measurable notion. This approach also brought about many criticisms that mainly centered on the issues such as loss of meaning in space, dedifferentiation of space and estrangement from people-oriented space design. At the same time a series of studies which aimed to re-fill in space -with meaning- introduced architectural literature with a new notion: †Place'. †Place', which was put forwa...

Architecture & Design2014
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MODERN FORTIFICATION AND WARFARE: GRAPHIC ANALYSIS OF THE SIEGE OF FUENTERRABIA (1638)

(STEF92 Technology, 2014, R. T. Y. Pacios, V. E. Iribarren, A. B. G. Aviles)

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Fuenterrabia, one of the most outstanding strongholds of the Basque Country, has historically been a strategic checkpoint on the land crossing between France and the Iberian Peninsula. Due to its military interest, it was many times besieged between the sixteenth and nineteenth centuries for its possession and territorial control. The siege of Fuenterrabia of 1638 is framed within the Franco-Spanish War (1635-1659) fought parallel to the Thirty Years War (1618-1648). It had essentially a Religious character but it...

Architecture & Design2014
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OBJECTS OF ADVERSITY: CONTEXTS OF A MATERIAL RECONTEXTUALIZATION

(STEF92 Technology, 2014, Brandao, M. D.)

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The mood for the imagination and inventiveness in Brazil recreates every moment many other "Brazils" that retakes and reinvent traditions, weaving an amalgamated diversity with festivity and affection among transitions, courage and hope tempered with grace and spontaneity that at the same time reaffirms our identity on every small step of citizenship in the streets, homes and institutions. This "brazilianness" that renews and enriches our culture is highlighted here in this text that focus on the inspiration on cu...

Architecture & Design2014
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PERMITTED VERSUS PUBLIC PRACTICES: AWARENESS THROUGH SMALL SCALE TEMPORARY INTERVENTIONS

(STEF92 Technology, 2014, D. Mutman, Y. Ozguven)

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A small initiative \#Istanbulstarted public workshops that aims to raise public awareness on the urban environment, the use of space and the current debates on public spaces. By catalyzing temporary and participatory spatial interventions as a method on defining/redefining urban environment. The aim is to support the development of a new form of critical platform by raising awareness on site through the reactions or actions of the society. With the support of public participation and detailed analysis, the volunta...

Architecture & Design2014
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PHILOSOPHICAL APPROACH TO THE PROBLEMS OF GRAPHIC DESIGN AND DESIGN EDUCATION IN INFORMATION SOCIETY

(STEF92 Technology, 2014, Korpan, L.)

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Modern stage of the development of Information society is characterized by changes in the nature of information delivery. The growth of importance of visual communications in contrast to the verbal ones is marked by many researchers. Visual information becomes an important factor of social practices construction, such as social communication between groups, elites and active-passive majority, social mimesis, etc. Graphic design becomes one of the instruments that form our cultural identity, and graphic designer of...

Architecture & Design2014
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MULTIFUNCTIONAL CENTERS AS THE RESULT OF THE URBAN GLOBALIZATION

(STEF92 Technology, 2014, L. Selcova, Z. Tothova)

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Globalization of the cities is the result of the globalization of the entire human society. It is a phenomenon of our age, which has historical roots and context. If more advanced is the society, then more intensively is the globalization manifesting itself in various areas of human existence. Most of the cities in well developed countries are characterized by unprecedented dynamics of internal restructuring, which is significantly formed by globalization. New understanding of urban space brings new typological ty...

Architecture & Design2014
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NOVORUSSKY STYLE IN RUSSIAN CHURCH ARCHITECTURE XX-XXI CENTURES

(STEF92 Technology, 2014, Vlasov, V. G.)

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The article reveals the main stages of development of the national church architecture in the context of Russian history. Called iconographic sources, methods and techniques of ancient motifs and styling elements of Byzantine architecture. Showing the art features of the neorussian style in contrast to the previous stages of the formation of architecture of orthodox churches. Are examples of the neorussian style churches, including constructed relatively recently.

Architecture & Design2014
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PROSPERO JORGE DE VERBOOM GENERAL PROJECT FOR THE FORTIFICATIONS OF PAMPLONA IN 1726

(STEF92 Technology, 2014, Echarri, V.)

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On January 10th 1710, Prospero Jorge de Verboom was appointed Quartermaster General and General Engineer of all the Spanish armies. Felipe V wanted to establish an organizational system based on the French model of Louis XIV, who had granted all responsibility of French fortifications to Sebastien le Prestre de Vauban. Verboom had received an exquisite war training and experience, participating in war campaigns with Van Coehoorn and Vauban in the Netherlands. From the experience and skills of Verboom some high qua...

Architecture & Design2014
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REACTIVE DOCUMENT - THE ELECTRONIC DOCUMENT WEAVED INFORMATION

(STEF92 Technology, 2014, Sadakuni, S.)

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As a result of development of information and communication technology, the amounts of available data rapidly glow. In this situation called “Information explosion”, a bunch of researches have been conducted and designed. And I researched some user interface too. Through these researches I developed an ambient user interface making use of slight changes of graphics. The purpose of its interface is providing information so as not to attract user's attention. In this paper, I discuss a new information design for...

Architecture & Design2014
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REDEFINING THE POSITION: ARCHITECT'S ROLE IN THE SOCIETY OF SOCIALIST CROATIA IN THE CONTEXT OF STATE HOUSING STRATEGIES 1955-1965

(STEF92 Technology, 2014, S. M. Barcot, A. Grgic D. Tusek)

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This paper examines the role of architects in the society of socialist Croatia between 1955 and 1965, a time marked by a major housing shortage, when the demands of the society represented within the new state housing strategies often meant that the architects had to abandon certain autonomous tools and values of their profession. In that particular period, the dictate of implementing rationalization principles into housing construction dictated architectural discourse to change, and its social position to redefin...

Architecture & Design2014
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RE-CREATING HUMAN SCALED STREETS

(STEF92 Technology, 2014, T. Maric, B. B. O. Scitaroci, R. Stiles)

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This study deals with issues of creating a vivid and pedestrian oriented street network. It is an emerging and vital question in a domain of urban sustainability and place-making for most cities. This research seeks to explore an increasing number of diverse studies regarding the public realm and streetscape. The aim is to set a background for spatial analysis of case studies. This paper uses case studies analysis as the main method through which it develops the systematization for a further study of this theme. S...

Architecture & Design2014
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REDEFINITION OF THE MODERNIST ARCHITECTURE IN CONTEXT OF CREATING 'THE SOCIAL'

(STEF92 Technology, 2014, Lukasiuk, M.)

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In my article I show how – based on existing architecture and some kind of urban nostalgia – a new definition of a social value and a new idea of architecture have been created. The paper grounds on qualitative research I conducted in Warsaw, Poland, in 2013 (IDIs in Polish with key opinion leaders, social activists, NGOs, writers, etc. approaching an increasing phenomenon of a wide interest in modernist architecture). I reflect on both: ways of creating the new perception and its results.

Architecture & Design2014
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RANDOMNESS & DESIGN: RANDOMLY GENERATED SYSTEMS OF VISUAL IDENTITY

(STEF92 Technology, 2014, Pisklakov, P.)

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This paper discusses principles of creation of visual identity systems, problem of brand/trademark recognizability, several cases of using randomness in visual identity design and suggests SD3-framework for implementing visual identity systems that are based on applying random variations to the visual identity system that increases memorability. SD3 allows designer to create set of guidelines for visual identity system that retain recognizability of brand/trademark after applying randomness by using random generat...

Architecture & Design2014
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PROSPECTS INTELLECTUAL INFORMATION TECHNOLOGIES IN CONTEMPORARY GRAPHIC DESIGN

(STEF92 Technology, 2014, Berdichevskiy, E.)

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In work classification and the main characteristics of information and intellectual technologies perspective are given in design. The principles bases of heuristic and bases of the patterns defining specifics of similar system are formulated. Systems and the technologies based on self- training and modeling are considered.

Architecture & Design2014
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PRINCIPLES OF INNOVATIVE DESIGN JEWELLERY

(STEF92 Technology, 2014, Berdichevskiy, E.)

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The paper presents the basic principles of innovative jewelry designs. The essence of each principle, and examples. Simultaneous use of several principles leads to a synergistic effect. The main principles are fractal, semiotic modeling, application transformers, op-art, etc.

Architecture & Design2014
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THE EFFECT OF THE DIRECT ECONOMIC IMPACT ON EMPLOYEES' COMPENSATION WHICH ARISE IN ORGANIZING OF THE EVENT

(STEF92 Technology, 2014, O. Ungerman, I. Honzakova)

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This paper focuses on the three areas focused on the regional economy. These areas mutually interact with and also impact each other. The first area is tourism, which includes the organisation of cultural events, in this paper, with a regional impact. The second area, which is linked to cultural events, the economic impacts that arise in organising such events. As these impacts are broken down into four basic parts are the effects on production, gross value added, employment and compensation of employees, only sel...

SOCIAL SCIENCES: Section Economics and Finance2014
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CONCEPT OF SUSTAINABLE TOURISM IN RUSSIA: PROBLEMS AND PROSPECTS

(STEF92 Technology, 2014, K. E. Kulgaina, S. A. Muhamedieva., S. A. Zolotareva.)

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In modern conditions, tourism is a complex sector of the economy, as the production of tourism products affects the economy of various industries. Tourism development causes not only positive effects but also negative ones. Therefore, there is a need to address the problems brought by these effects according to the concept of sustainable tourism. However, in Russia this concept is not currently being realized despite all the officially taken measures, in particular, the fact that the concept of the Russian Federat...

SOCIAL SCIENCES: Section Economics and Finance2014
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PRICE AS A FACTOR STRENGTHENING THE RELATIONSHIPS – COMPARISON OF SUPPLIER'S AND CUSTOMER'S POINTS OF VIEW

(STEF92 Technology, 2014, PECINOVA, Z. H. LOSTAKOVA, L. BRANSKA, M. PATAK)

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Solvent, repeatedly buying customers guarantee a long-term stability and prosperity of companies in a turbulent market environment. A characteristic feature of the present relationships between business partners is therefore an effort to build and strengthen mutual relationships. They can be strengthened by any aspect of the offer and mutual contacts that increases the customer-perceived value. It is therefore extremely valuable for the supplier to know which supply parameters and other factors are important to cu...

Economics and Finance2014
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PREDICTION OF BANKRUPTCY IN ENTERPRISES OF THE AUTOMOTIVE INDUSTRY

(STEF92 Technology, 2014, A. SLIVKOVA, M. SABOLOVA)

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The purpose of our research is to analyze the choice of indicators and methods, respectively groups of indicators to predict bankruptcy assumptions in the automotive industry in time period 2002-2011. Predictive models applied in many studies have been unsuccessful. Enterprises of the automotive industry in the application of prediction models can't keep the recommended values of the forecasting methods, incurred in a very different economic environment and a different time. Predictive models are outdated and obso...

Economics and Finance2014
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PREDICTING THE PRESENT CRISIS WITH GOРћGLE TRENDS

(STEF92 Technology, 2014, K. VIIKMAA, P. SANDER)

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Economists and investors avidly follow the data from different channels which would give them more information or indications for making their investment decisions more successful. The data is generally released with a lag and gives no good answers for the present. The purpose of the article is to analyze whether using Google Trends as one of the most widely used online search methods, would it have been possible to forecast the beginning of the ongoing financial crisis. In other words: would it have been possible...

Economics and Finance2014
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PROBABILITY OF UNPROCLAIMED DEFAULT AND ITS INGERENTION IN SOVEREIGN COUNTRY RISK

(STEF92 Technology, 2014, F. HOCMAN)

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Government decisions may result in the overall downturn in the country's excessive protectionism. Government uses the economic advantage of the domestic industry to foreign investors, thereby creating two groups with an interest in the project in the system. Protectionism has many reasons, one of which is to protect the country before the entry of foreign partners in key industries such reason protection of national security and an independent foreign policy. Political risk is for the most part perceived as the op...

Economics and Finance2014
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PREDICTING MUNICIPALITIES' FISCAL DISTRESS. THE EMPIRICAL ANALYSIS OF WEST POMERANIAN MUNICIPALITIES AFTER THE 2008 CRISIS

(STEF92 Technology, 2014, ZIOLO, M.)

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The paper investigates the financial variables which make the municipalities more prone to fiscal distress. I argue that the diagnosis of municipalities in fiscal distress requires not only the analysis of revenues but the expenditures as well. I assume that usage of debt and the intergovernmental transfers increases the fiscal distress risk. I hypothesize that the fiscal autonomy (increasing level of local taxes as percent of the total amount of tax revenues, especially the property tax) allows to decrease the fi...

Economics and Finance2014
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RECYCLING OF THE CURRENCIES – THE CASE OF USD AND EUR IN THE CURRENT FINANCIAL TURMOIL

(STEF92 Technology, 2014, KOTLEBOVA, J.)

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The deepening of global imbalance and especially the growth of so-called twin deficits cause the changes of conditions in trade with goods and services as well as in the area of flow of funds. This process ultimately affects the development of foreign exchange reserves´ structure with an impact on the stability of international monetary system. The aim of this paper is to assess the extent of recycling of the major currencies in the world economy. We will focus on two economies – USA and Euro Area - during the ...

Economics and Finance2014
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PROJECTIONS OVER THE INTERNAL AUDIT FUNCTION IN A RESHAPING BUSINESS CONTEXT

(STEF92 Technology, 2014, V. STANCIU, CARATAS. M. A.)

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In the conditions of a changing environment for business, auditors face lots of challenges in finding new methods for improving organizations' operational efficiency. Stakeholders got higher expectations and internal audit function needs to adapt on these new requirements. Therefore, we have tried to underline projections on the internal audit evolution and its impact to the internal control system in the Romanian organizations. Meanwhile, we analyzed organizational culture influence over the internal audit from t...

Economics and Finance2014
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QUANTITATIVE AND QUALITATIVE ASSESMENT OF THE EVOLUTION OF SLOVAK BANKING SYSTEM

(STEF92 Technology, 2014, SIRANOVA, M.)

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The Slovak banking system experienced period of restructuralization (late nineties), period of significant mergers and acquisitions (beginning of the millennium), accession to the European Union (2004), the adoption of euro (2009) and the impact of a worldwide financial crisis which lasts up to this moment. Such a unique experience makes the Slovak banking sector a small empirical laboratory; a fact that enables us to investigate impact of various structural changes on the domestic banking system. Using the panel ...

Economics and Finance2014
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REPORTING OF GOODWILL IN MERGERS & ACQUISITIONS

(STEF92 Technology, 2014, KRIZOVA, Z.)

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Recent growth of the service sector and of the information technology- related business, along with the dramatic increase in the number and size of mergers and acquisitions, has made accounting for intangible assets very significant, especially in the field of reporting of goodwill. Comparative analysis is focused on the differences between IFRS, US GAAP accounting procedures and Czech accounting legislation. Main areas of analysis and synthesis are the identification of methods for goodwill recognition and report...

Economics and Finance2014
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SUSTAINABLE FINANCIAL PRODUCTS - A GATEWAY OF CIVIL SOCIETY INTO THE FINANCIAL WORLD

(STEF92 Technology, 2014, BOITAN I. A., BARBU T. C.)

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The research question the paper aims to investigate is whether increasing awareness and implication of civil society's representatives into the financial markets field will determine financial institutions to adjust their products, services and practices to a more socially and environmentally responsible way. In our scientific approach we have started from the finding of a low stage of civil society intervention in the financial world and the need for a more obvious manifestation of civism in this thematic area. R...

Economics and Finance2014
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SPECIFICS OF PERFORMANCE MEASUREMENT AND MANAGEMENT MANUFACTURING COMPANY

(STEF92 Technology, 2014, M. KOZENA, L. JELINKOVA)

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Manufacturing companies form a major share of the private sector. These companies have a significant influence on the output of the open export economy of the Czech Republic. Performance measurement and management of these manufacturing companies become a prerequisite for the successful long-term operations of these companies. Because of the complexity of performance measurement, a system approach is applied. The traditional and most commonly used methods include financial analysis with an analytical and systemati...

Economics and Finance2014
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SELECTED ALTERNATIVE SOURCES OF FINANCING AND THEIR USES IN THE CZECH REPUBLIC

(STEF92 Technology, 2014, HOJNA, R.)

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Alternative forms of financing are products allowing small and medium-sized enterprises or newly established companies to get financial resources under specific terms and conditions. They play an important role in corporate financing as they supplement services provided by bank sector. Their history in the Czech Republic dates back to the emerging and expanding economic environment at the beginning of the nineties in the 20th century. Since then these alternative forms of financing have beendeveloping on an ongoin...

Economics and Finance2014
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TESTING OF LOCK-IN EFFECT AND CAPITAL GAINS TAXES IMPACT ON CORPORATE M&AS IN EU-COUNTRIES

(STEF92 Technology, 2014, J. KUBICOVA, M. ZAHUMENSKA)

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The corporate M&A activity is affected by many factors where - based on the prior research - capital gains tax is one of them. The aim of this paper is to examine an existence of a negative relationship between corporate M&As and the lock-in effect in EU-countries. Our assumption will be verified by using a panel regression analysis with the number of M&As as a dependent variable and the capital gains taxes and other selected determinants as independent variables. Our research result could confirm that the negativ...

Economics and Finance2014
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THE APPLICATION OF ISLAMIC FINANCIAL PRODUCTS IN THE RUSSIAN FEDERATION

(STEF92 Technology, 2014, MALYAEV, V.)

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The success and scales of distribution of Islamic finance in the world are explained, on the one hand, by demand from Muslims and the Islamic companies which don't have opportunities to use traditional financial products. On the other hand, these tools are attractive from the point of view of diversification of investments and opportunities of attraction of financial resources from the Arab companies and the Muslim population of this country. Russian legislation does not provide opportunities for the application o...

Economics and Finance2014
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SOURCES FOR THE FINANCING OF THE PROJECTS OF THE ROAD INFRASTRUCTURE OF THE REPUBLIC OF BULGARIA

(STEF92 Technology, 2014, G. DIMITROV)

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The World financial and economic crisis affected the construction of major infrastructure projects, since implementation requires significant resources. In the present study different possible sources of funding for the projects of the road infrastructure are examined. Alternatives are presented, such as their own sources (from infrastructure charges in road transport), sources of borrowed funds, the financial instruments of the European Union and concession, as a tool for public-private partnership in the buildin...

Economics and Finance2014
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TECHNICAL ANALYSIS AND MARKET EFFICIENCY. SOME REMARKS OVER THE EXISTING LITERATURE

(STEF92 Technology, 2014, ZOICAS-IENCIU, A.)

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The paper analyzes the mechanisms of interaction between technical analysis (TA) and the efficient market hypothesis (EMH). We describe how a less fundamental set of tools, developed by the early investors in the stock market is not necessarily conflicting with the more rigorous, even dogmatic approach, of the market efficiency. Building on a consistent literature developed starting with the 1950's, we show how causality between the two concepts runs in both directions with practical implications in the investment...

Economics and Finance2014
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RUSSIAN GOVERNMENTAL PROCUREMENT SYSTEM

(STEF92 Technology, 2014, KARMANSKAYA, N.)

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The study covers the structure of the governmental procurement system to define major subjects of the system and reveal the basic design tendencies of the procurement procedure. The analysis of carried out procurement procedures shows primary use of electronic auction procedure (about 60 \%) and a lesser use of open contest (18-26 \%). Various types of tendering procedures, territorial distribution of public entities, and their economic activities are considered. The results show that the regulation of the rules o...

Economics and Finance2014
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THE COMBINED APPROACH TO A SOLVENCY ASSESSMENT OF THE CLIENT OF REAL ESTATE SAVINGS BANK (INNOVATION IN THE CREDITING FIELD)

(STEF92 Technology, 2014, LIKHANOVA, Z.)

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The core of this article is construction of a new approach to the assessment of Customer's creditworthiness building-and-loan association. At the stage of savings Customer is estimated at scoring scheme by qualitative and quantitative indicators. Quantitative method involves identify two risk factor: not past contributions, increasing the price. Approaches to an assessment of solvency of the loan debtor are already studied rather well. But now the credit market is entered by the new crediting caused by need to att...

Economics and Finance2014
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THE CRITICISM OF BASEL II BASED ON CREDIT RISK MODELLING

(STEF92 Technology, 2014, L. CERNOHORSKA, J. CERNOHORSKY)

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The aim of the paper is to critically evaluate the regulatory principles of Basel II, based on credit risk modelling. The paper is based on the definition of credit risk, default and necessary literature research dealing with the topic. The Internal Rating-Based (IRB) approach for calculating the capital requirement to cover losses from credit risk is evaluated. Within this calculation it deals with the right choice of parameters of probability of default and loss given default for the calculation of risk-weighted...

Economics and Finance2014
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THE EVOLUTION OF THE REGIONAL SELF-GOVERNMENT DEBT IN THE SLOVAK REPUBLIC

(STEF92 Technology, 2014, B. MAZUROVA, J. KOLLAR)

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Life with the debt is becoming a trend, which is a natural part of the management of all economic subjects. Development trends of public debt in Eurozone after 2009 indicate that the debt crisis deepens. Even the debt of Slovakia continues to grow; while in 2009 was the public debt at 35,6 \% of GDP, at the end of 2013 increased to 55,4 \% of GDP. More than 97 \% of the total public debt consists of central government debt; the remaining part consists of the regional and local self-government debts. Although in 20...

Economics and Finance2014
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THE IMPACT OF FINANCIAL CRISIS ON NGOS IN THE CZECH REPUBLIC

(STEF92 Technology, 2014, P. ADAMEK, P. KOHLER, M. HALASKA, L. MARSALKOVA, P. STEPANKOVA)

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Non-governmental non-profit organizations have an important place in the society of the 21st century in the Czech Republic. These organizations involve civic associations, public benefit organizations, foundations and endowment funds, the Churches and religious societies. The research is focused on the impact of the financial crisis on the NGOs. The impact was observed in the area of the financial resources and the reactions of the organization's management. It was studied through a questionnaire survey. About one...

Economics and Finance2014
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THE COMPETITIVENESS OF THE ECONOMY FROM THE PERSPECTIVE OF TAX POLICY

(STEF92 Technology, 2014, A. SCHULTZOVA, M. RABATINOVA)

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Monitoring the competitiveness of the economy is becoming an important part of evaluating not only the national economy but also the entire economic groupings. In general, the prevailing view is that the competitiveness of the state is influenced primarily by the so called non-tax factors, which might include, in particular, the stability of the macroeconomic environment, law enforcement, construction of infrastructure, educational level of the population, and the like. Also rate of the tax burden, measured by var...

Economics and Finance2014
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THE CONCEPTUAL FRAMEWORK OF CREDIT PORTFOLIO MANAGEMENT ORGANIZATION

(STEF92 Technology, 2014, N. AKSENOVA, E. PRIHODKO)

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The main goal of article is creation methodology accounts receivable management corporation to improve the effectiveness of business according to modern Russian conditions. To achieve the goal, we used the following methods: statistical analysis of time series according to the official statistics of the Russian Federation; analogies, to determine the credit portfolio of the organization; comparison, in the process of creation and evaluation of policies for the management of credit portfolio liabilities, morphologi...

Economics and Finance2014
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