The Membership of Bulgaria in the European Union: Seventeen Years Later : Papers Presented in English Language
The Membership of Bulgaria in the European Union: Seventeen Years Later : Papers Presented in English Language
Contributor(s): Svetla Boneva (Editor), Paskal Zhelev (Editor), Silvia Kirova (Editor), Elena Simeonova (Editor), Stela Zhivkova (Editor), Ingrid Shikova (Editor), Tatiana Houbenova (Editor), Matilda Aleksandrova (Editor), Virginia Zhelyazkova (Editor), Milen Baltov (Editor), Preslav Dimitrov (Editor), Karim Naama (Editor), Desislava Stoilova (Editor), Georgi Marinov (Editor), Elif Dağdemir Uçkan (Editor), Mirko Tripunoski (Editor), Duško Dimitrijević (Editor), Silvana Jovcheska (Editor), Maia Tripunoska (Editor)
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Supranational / Global Economy, Business Economy / Management, Governance, Economic policy, International relations/trade, EU-Approach / EU-Accession / EU-Development, Marketing / Advertising, ICT Information and Communications Technologies, Green Transformation
ISSN: 2815-2727
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: European Union; Bulgaria; EU Policy; International Economics; Innovations; International trade; Sustainability; Energy; Marketing; Business
Summary/Abstract: On 17th October 2024, the 23rd international scientific conference was held, organized by the Department of "International Economic Relations and Business" at the University of National and World Economy. During the conference, traditionally, the topics were related not only to Bulgaria's membership in the European Union, but also covered a wide range of other issues such as politics, economy, sustainable development, decarbonization, trade, marketing, innovation, technology, etc. It was held under the patronage of the Rector of UNWE, Prof. Dr. Dimitar Dimitrov.
- Page Count: 228
- Publication Year: 2025
- Language: English
The Role of the EU in the International Economic System During the Last Twenty Years. Legal Aspects
The Role of the EU in the International Economic System During the Last Twenty Years. Legal Aspects
(The Role of the EU in the International Economic System During the Last Twenty Years. Legal Aspects)
- Author(s):Odysseas Spiliopoulos, Emiljan Mustaqe
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Business Economy / Management, Economic policy, EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
- Page Range:7-20
- No. of Pages:14
- Keywords:EU treaties; EU policy; strategic autonomy; EU trade and investment policy
- Summary/Abstract:The EU is a key player in the international economic system. It has, by virtue of the Treaties, the legal capacity to develop action in the field of economic relations with third countries by implementing a common policy covering trade in goods and services as well as foreign direct investments. This policy includes the conclusion of international agreements and the adoption of unilateral acts that regulate trade and investment relations with third countries. As an extroverted force, it promotes the liberalization of transactions and economic activities throughout time. In particular, since the mid-2000s, it has implemented a strategy aimed at opening markets on a global scale, by conducting negotiations and concluding comprehensive economic agreements with its major partners. Towards the end of the 2010s, several factors prompted the EU to rethink and review its trade strategy, focusing on the concept of open strategic autonomy. The result of this new approach is the shift of EU trade and investment policy towards the adoption and implementation of unilateral measures as a more appropriate and effective way to achieve its objectives, safeguard its economic interests, protect its security and integrity and promote the European values.
Regional Development: Knowledge Ecosystem in Gorenjska Region
Regional Development: Knowledge Ecosystem in Gorenjska Region
(Regional Development: Knowledge Ecosystem in Gorenjska Region)
- Author(s):Franc Vidic
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, Developing nations, Socio-Economic Research
- Page Range:21-34
- No. of Pages:14
- Keywords:regional development; local migration; knowledge ecosystem; regional support systems
- Summary/Abstract:The growing gap between major cities and more remote regions is presenting serious societal challenges. Peripheral areas tend to offer fewer jobs, with less variety and lower qualifications. As a result, skilled workers are migrating to urban centers, leading to population decline in outlying regions. This widening disparity is largely driven by the increasing importance of knowledge-based industries, which thrive in cities due to factors like economies of scale, better skill alignment, and knowledge sharing. In contrast, remote regions, especially those reliant on traditional industries, are struggling to adapt to the modern economy. Regional support systems is important factors that influence on the creation and utilization of economic opportunities.
Foreign Trade Convergence in the EU – the Evidence by CEEC
Foreign Trade Convergence in the EU – the Evidence by CEEC
(Foreign Trade Convergence in the EU – the Evidence by CEEC)
- Author(s):Dimitar Hadjinikolov
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, International relations/trade, EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
- Page Range:35-44
- No. of Pages:10
- Keywords:export specialization; economic cohesion; European integration; CEEC integration in the EU; Bulgaria in the EU
- Summary/Abstract:One of the most important criteria for economic cohesion in the EU is the level of convergence achieved in the export specialization of the different Member States. To determine the degree of this convergence we have analysed the changes of export specialisation of 11 Central and Eastern European Countries (CEEC). There are EU Member States which joined the EU in 2004 – Poland, Check Republic, Hungary, Slovakia, Slovenia, Latvia, Lithuania and Estonia), in 2007- Romania and Bulgaria and in 2013 – Croatia. The export specialisation of these Member States was measured in four different years: 2004, 2014, 2019 and 2022. The results show that in all new Member States there is a clear trend towards convergence with the EU average in terms of export specialization. This is also a evidence for growing economic cohesion in the EU. However, the convergence process proceeds at different speeds in different countries. The convergence process is significantly more pronounced in Slovenia, Check Republic, Slovakia than in the Baltic republics and in Bulgaria.
Comparative Analysis of EU and BRICS – are They Real Rivals in the Current Geopolitical Context?
Comparative Analysis of EU and BRICS – are They Real Rivals in the Current Geopolitical Context?
(Comparative Analysis of EU and BRICS – are They Real Rivals in the Current Geopolitical Context?)
- Author(s):Kaloyan Simeonov, Branimir Stanimirov
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Business Economy / Management, Economic policy, International relations/trade, Socio-Economic Research, Geopolitics
- Page Range:45-63
- No. of Pages:19
- Keywords:geoeconomics; currency stability; global rivalry; geopolitical competition
- Summary/Abstract:The last decades marked an increased geoeconomic competition between global trade blocs and geoeconomic actors. The European Union (EU) and BRICS have been among the most important actors in thе evolving international context and in the process of deepening the existing global rivalries. Both blocs are similar in their quest for global influence. However, they differ in terms of their political nature, level of economic integration, geographical coherence and decision-making processes. This paper seeks to provide an analysis of the political-institutional structures, global competitiveness, and economic effectiveness of the EU and the BRICS as geoeconomic actors. By building on existing studies of political actorness, and by examining key indicators of rule of law quality, levels of corruption, innovation, economic freedom, social progress, this article identifies the specificities inherent in each bloc’s approach to geoeconomic dominance. The paper argues that there is a significant level of rivalry between the two blocs and, while both have their own challenges, the EU is more likely to successfully deal with the complexities of the global economy, although BRICS are becoming increasingly assertive, which makes the competition between the blocs much more complex than it is traditionally assumed.
Digitization of Farms in the Agricultural Sector – Strategic Priority of European Politics
Digitization of Farms in the Agricultural Sector – Strategic Priority of European Politics
(Digitization of Farms in the Agricultural Sector – Strategic Priority of European Politics)
- Author(s):Violeta Blazheva
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Agriculture, Economic policy, EU-Approach / EU-Accession / EU-Development, ICT Information and Communications Technologies
- Page Range:64-68
- No. of Pages:5
- Keywords:digitization; digital technologies; European policy; agricultural sector
- Summary/Abstract:Digital technologies are transforming the world at an unprecedented rate. The aim of the present research stems from the need for open science and open access to scientific results in the conditions of a single digital market. The unpredictable environment is a prerequisite for upgrading existing knowledge, creating new knowledge and introducing innovative modern practices to ensure the sustainability of the economy. Science, innovation and technology drive economic development. In search of solutions for turning knowledge into an economic result, attention is directed to digitalization of the economy, respectively the agrarian sector, in the context of markets, management and innovation in the knowledge economy.
EU-BRICS Trade Relations: Trends and Perspectives
EU-BRICS Trade Relations: Trends and Perspectives
(EU-BRICS Trade Relations: Trends and Perspectives)
- Author(s):Monika Moraliyska
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Business Economy / Management, Economic policy, International relations/trade, EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
- Page Range:69-78
- No. of Pages:10
- Keywords:EU-BRICS trade; foreign direct investment; trade deficit; energy diversification; economic resilience
- Summary/Abstract:This paper analyses EU-BRICS trade and investment relations, highlighting significant trends, sectoral dependencies, and mutual economic implications. Using quantitative data from 2013 to 2023 and qualitative policy analysis, the research reveals challenges posed by dependency on BRICS economies and EU strategies for trade diversification. The paper identifies several key trends in EU-BRICS trade and investment relations: a chronic EU trade deficit with BRICS driven by sectoral dependencies in machinery and energy, alongside EU efforts to diversify energy sources, growing FDI flows into BRICS economies, and evolving geopolitical dynamics that shape mutual economic interdependence.
Monitoring and Risk Management Strategies in Public Policies and Programs : A Comprehensive Analysis
Monitoring and Risk Management Strategies in Public Policies and Programs : A Comprehensive Analysis
(Monitoring and Risk Management Strategies in Public Policies and Programs : A Comprehensive Analysis)
- Author(s):Albana Demi
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, Public Finances
- Page Range:79-85
- No. of Pages:7
- Keywords:sustainable development; public policies; public finance; performance; policy makers
- Summary/Abstract:This research paper aims to overview the relationship between financial reporting and public finance performance, focusing on the detection and prevention of fraud. It emphasizes the importance of coherent monitoring and risk management in public policies and programs. The study suggests that transparent financial systems increase investor confidence, leading to economic growth. To achieve effective policies, clear measurable objectives, evidence-based approaches, continuous monitoring, cost effectiveness analysis, long-term impact assessment, stakeholder engagement, transparency, accountability, and effective dissemination of evaluation findings are crucial. The methodology includes publications, legal frameworks, and questionnaire results. The results reveals trends, challenges, and areas for improvement in public accounting and auditing practices. It gathers input from key stakeholders, such as auditors, accountants, and financial officers, allowing policy makers and public sector managers to understand the effectiveness of current practices, their impact on financial reporting, and economic implications for public institutions. Responsibility and fairness in public asset administration are also essential. The focus on moral and expert guidance is expanding, emphasizing respect for moral standards. The public sector's mission is sustainable development, covering direct costs for companies. Public services are prioritized for economic and social development. The Central and Local Governments are responsible for economic functioning, and the client's right to public benefits is fundamental.
Study of Online Grocery Shopping in the European Union: Influence of Socio-Economic Factors
Study of Online Grocery Shopping in the European Union: Influence of Socio-Economic Factors
(Study of Online Grocery Shopping in the European Union: Influence of Socio-Economic Factors)
- Author(s):Simeonka Petrova
- Language:English
- Subject(s):Economy, Business Economy / Management, Marketing / Advertising, ICT Information and Communications Technologies
- Page Range:86-94
- No. of Pages:9
- Keywords:online shopping; online grocery shopping; factors of online shopping; European Union
- Summary/Abstract:In the digital economy, online grocery shopping is growing in the countries of the European Union. The main objective of the present work is to investigate the dynamics of the relationship between the online grocery shopping by individuals and the size of the Gross Domestic Product per capita of the 27-member states of the European Union, and on this basis draw corresponding conclusions and summaries. The geographical focus of the study is on the online shopping of European consumers. The measurement of the investigated dependencies is carried out using the statistical software for computer processing – IBM SPSS Statistics and the Excel program. Analyzes were based on the method of linear regression and correlation. The time span of the study is 2013-2023. The results of the study interpret the variation of online grocery shopping due to a socio-economic factor such as Gross Domestic Product per capita. The generalizations and conclusions drawn are useful for characterizing the determinants of the changing behavior of European consumers.
The Music Industry and its Role in the Global Economy
The Music Industry and its Role in the Global Economy
(The Music Industry and its Role in the Global Economy)
- Author(s):Dobroslav Mollov
- Language:English
- Subject(s):Economy, Fine Arts / Performing Arts, Music, Supranational / Global Economy, Socio-Economic Research, Sociology of Art
- Page Range:95-103
- No. of Pages:9
- Keywords:global music industry; recording industry; International Federation of the Phonographic Industry; global economy
- Summary/Abstract:The paper presents the essence and structure of the music industry, analyzes its current state and outlines the latest trends in its development. The thesis is argued that this industry has a global character and is significant for the global economy. The annual report of the International Federation of the Phonographic Industry is presented and analyzed. Example of a leading company operating in the global music industry is also presented. The paper ends by outlining and commenting on some future trends in the evolution of this industry.
A Comparative Study of the Planetary Pressures – Adjusted Human Development Index (PHDI) in the European Union and Other Regions
A Comparative Study of the Planetary Pressures – Adjusted Human Development Index (PHDI) in the European Union and Other Regions
(A Comparative Study of the Planetary Pressures – Adjusted Human Development Index (PHDI) in the European Union and Other Regions)
- Author(s):Onur Yavas, Bülent Arpat
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Energy and Environmental Studies, Economic policy, Environmental and Energy policy, Developing nations, EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
- Page Range:104-113
- No. of Pages:10
- Keywords:Planetary Pressures-adjusted Human Development Index; sustainability; Human Development Index; The European Union
- Summary/Abstract:Sustainable development has emerged as a significant issue in the late 20th century. This descriptive study compares the environmental pressures of countries and regions according to the Planetary Pressures-adjusted Human Development Index (PHDI). Thus, this paper aims to evaluate sustainable development through its environmental dimension. Data from this study were taken from Human Development Reports published by United Nations Development Programme. The findings indicate that the European Union (EU) is the region with the greatest environmental pressure. EU countries must implement more environmental policies in line with sustainable development.
Deglobalization or the Transformation of Globalization: the Evolutionary Dilemma
Deglobalization or the Transformation of Globalization: the Evolutionary Dilemma
(Deglobalization or the Transformation of Globalization: the Evolutionary Dilemma)
- Author(s):Vesela Todorova
- Language:English
- Subject(s):Social Sciences, Economy, Supranational / Global Economy, Sociology, Globalization, Socio-Economic Research
- Page Range:114-123
- No. of Pages:10
- Keywords:globalisation; deglobalisation; connotation; convergence; glocalisation; slowbalisation
- Summary/Abstract:Globalization does not end; it has evolved and will continue to evolve for the foreseeable future. Trade barriers for services are significantly higher and falling faster than for goods, indicating that growth in services trade is likely to persist for many years and will continue to outpace trade growth with goods, suggesting that the future of trade is in services. Support for globalization by developing countries will become an important counter to the deglobalization promoted by some developed Western countries. The network of society formed under the paradigm of information technology will be a very important source to the development of globalization. Due to the effect of cultural globalization, the chance of the coming deglobalization also decreases.
Liquidity Forecasting and Resource Management: Key Factors for Efficient Revenue and Expenditure Control
Liquidity Forecasting and Resource Management: Key Factors for Efficient Revenue and Expenditure Control
(Liquidity Forecasting and Resource Management: Key Factors for Efficient Revenue and Expenditure Control)
- Author(s):Natasha Hoda, Hysen Hoda
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, National Economy, Business Economy / Management, Economic policy, Public Finances, Corruption - Transparency - Anti-Corruption
- Page Range:124-131
- No. of Pages:8
- Keywords:economic development; public finance; investments; transparency; management
- Summary/Abstract:International bodies are encouraging Albania to continue financial sector and budget reform, address arrears, improve public investment and management of fiscal risks. This research paper will overview the challenges and the improvement of legislation of public finance in Albania, transparency and public involvement are essential for improving the country's financial situation. Financial analysis methods, revenue management, and compliance with ethical and legal standards are crucial for public organizations. However, financial management in public organizations faces unique challenges due to government operations' complexity, transparency, and limited resources. Budget transparency has increased, but challenges remain in the transparency of financial management of public organizations, especially local governments. The report also highlights the need for clearer and more transparent assessment of public investment projects and PPPs to improve the efficient use of public resources and reduce fiscal risks. Liquidity forecasting and resource management are also crucial for efficient revenue and expenditure control. To ensure sustainable economic development and financial stability, the Albanian government should develop a medium-term strategy for improving public finances, strengthen the management of public investments, improve liquidity forecasting and resource management, control arrears, improve budget transparency, increase the role of the Ministry of Finance reduce fiscal risks from PPPs, and conduct a detailed analysis of large contingent liabilities. These recommendations aim to address challenges and improve financial management in Albania, ultimately improving the country's financial stability and economic development.
Time Management of Projects by Applying the FIDIC Conditions of Contract
Time Management of Projects by Applying the FIDIC Conditions of Contract
(Time Management of Projects by Applying the FIDIC Conditions of Contract)
- Author(s):Stoyan Neychev
- Language:English
- Subject(s):Social Sciences, Economy, Business Economy / Management, Sociology, Methodology and research technology, Management and complex organizations
- Page Range:132-141
- No. of Pages:10
- Keywords:time management; FIDIC conditions of contract
- Summary/Abstract:In the implementation of large investment projects, it is a common practice to exceed the set budget and/or extend the time for completion compared to a predetermined duration. As a general rule, the contractual relationship between the parties implies effective project time management. One of the best examples and templates for the above is the FIDIC conditions of contract, containing detailed and time-tested methods for efficient project time management. The present study briefly reviews the main methods in this regard.
E-Learning Evolution Trends and Innovations in the Higher Education
E-Learning Evolution Trends and Innovations in the Higher Education
(E-Learning Evolution Trends and Innovations in the Higher Education)
- Author(s):Ivan Dimitrov
- Language:English
- Subject(s):Social Sciences, Economy, Education, Business Economy / Management, Higher Education , Socio-Economic Research, Distance learning / e-learning
- Page Range:142-151
- No. of Pages:14
- Keywords:e-learning; educational trends and innovations
- Summary/Abstract:E-Learning Evolution: Trends and Innovations in the Higher Education is a topic that explores the impact of digitalization and new teaching methods used by most of the lecturers. This paper will explore the current changes in the higher education, what are the new teaching methods in universities across Europe, what are the expectations for future development in this area, and what is the impact of new technological innovations and digitalization on the education. Furthermore, a prognosis and several conclusions will be prepared based on the findings from the research. This paper presents a literature review of various previous publications from different reputable sources through analysis and synthesis of the information.
Empowering Consumers: Understanding and Exercising Rights
Empowering Consumers: Understanding and Exercising Rights
(Empowering Consumers: Understanding and Exercising Rights)
- Author(s):Iris Manastirliu
- Language:English
- Subject(s):Social Sciences, Economy, Business Economy / Management, Sociology, Social development, Management and complex organizations, Economic development, Socio-Economic Research
- Page Range:152-157
- No. of Pages:6
- Keywords:consumer; customer service; public rights; legal transparency; efficiency
- Summary/Abstract:This research paper link the economic growth and Consumers rights. Empowering consumers through understanding and exercising their rights leads to increased consumer confidence, market efficiency, competition, improved business practices, reduced market failures, and a legal and regulatory framework. Empowered consumers feel more confident in their purchasing decisions, leading to higher spending and economic growth. They also hold companies accountable for unethical practices, promoting quality, transparency, and customer service. This balance between consumer rights and business operations fosters trust and long-term economic stability, involves being aware of their legal rights in the marketplace. Empowered consumers also demand higher-quality products, leading to more competition and new technologies, driving economic growth, creates a virtuous cycle where improved confidence, competition, and innovation feed into stronger economic performance. Transparency in the marketplace ensures consumers have access to relevant information, building trust and encouraging innovation. This creates a virtuous cycle of improved confidence, competition, and innovation to protect themselves and ensure businesses operate fairly and transparently, thereby promoting a more transparent and fair business environment. At the end the research paper highlights that economic growth is strong related with the consumer rights. Legal transparency is vital for consumer rights, enabling informed decision-making, account-ability, trust, protection against abuse, and access to remedies. It promotes better business-consumer relationships, accountability, and access to consumer protection agencies.
Equality and Social Inclusion: a Comprehensive Analysis for Promoting Sustainable Development and Equal Participation
Equality and Social Inclusion: a Comprehensive Analysis for Promoting Sustainable Development and Equal Participation
(Equality and Social Inclusion: a Comprehensive Analysis for Promoting Sustainable Development and Equal Participation)
- Author(s):Majlinda Velcani
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Civil Society, Governance, Economic policy, Security and defense, Welfare systems, Developing nations, Socio-Economic Research
- Page Range:158-163
- No. of Pages:6
- Keywords:sustainable development; social inclusion; community; equality; economic growth
- Summary/Abstract:The purpose of the scientific study is to provide a comprehensive panorama for increasing equality to benefit everyone as a community from a sustainable development and for equal participation and without discrimination for a greater social inclusion. Equality and social inclusion are crucial indicators of sustainable development, as they reflect a society's ability to provide fair opportunities and resources to all individuals, regardless of their background or socioeconomic status. Equality reduces poverty, prevents social conflicts, and promotes economic growth. Social inclusion removes barriers that prevent marginalized groups from participating fully in society, allowing for the full utilization of human potential. Both are embedded in the Sustainable Development such as Goal, Gender Equality, Reduced Inequalities, and Peace, Justice, and Strong Institutions. Prioritizing equality and inclusion leads to lower poverty rates, better health outcomes, and higher education levels, ensuring economic growth doesn't leave anyone behind. In addition to improving outcomes, participation and knowledge in time and place can also increase economic justice, reduce local public risk, foster citizen cooperation and acceptance, and provide information for rational decision-making. Sustainable development is viable and promising. When combined with the voices, assets and skills unique to a community, sustainable development can prove to be a vital instrument in managing resource scarcity and equity concerns.
The Specialist Doctor’s Brand in International Healthcare: Role of Digitalisation and Cybersecurity
The Specialist Doctor’s Brand in International Healthcare: Role of Digitalisation and Cybersecurity
(The Specialist Doctor’s Brand in International Healthcare: Role of Digitalisation and Cybersecurity)
- Author(s):Martina Dimitrova
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Welfare systems, Developing nations, ICT Information and Communications Technologies
- Page Range:164-173
- No. of Pages:10
- Keywords:doctor’s branding; international healthcare; digitalisation in healthcare; healthcare cybersecurity
- Summary/Abstract:The post-pandemic dynamic environment of international healthcare has set branding as a fundamental differentiator for specialist doctors. This paper explores the intricate relationship between branding, digitalisation, cybersecurity and healthcare in an international setting, highlighting the collective significance of these elements for the favourable perception of a specialist doctor's brand. The rapidly evolving role of digital tools, such as telemedicine, online platforms and ai, emphasizes how a strong digital presence not only enhances patient engagement, but also ensures brand loyalty. In addition, the article draws upon the critical importance of cybersecurity in protecting a doctor’s brand. Building a strong brand presence in the healthcare sector, not so rarely attracts data breaches and cyber threats that might heavily undermine trust and reputation. This study acknowledges the challenges and forthcoming trends in healthcare branding to propose a comprehensive framework for integrating digitalisation and cybersecurity into an aligned branding strategy.
Internationalization as a Strategic Factor of the Digital Transformation
Internationalization as a Strategic Factor of the Digital Transformation
(Internationalization as a Strategic Factor of the Digital Transformation)
- Author(s):Simeon Lazarov, Mariya Tsolova
- Language:English
- Subject(s):Economy, Business Economy / Management, ICT Information and Communications Technologies, Socio-Economic Research
- Page Range:174-185
- No. of Pages:12
- Keywords:digital transformation; organization; strategy; internationalization
- Summary/Abstract:Digital transformation is rapidly and fundamentally reshaping organizations, yet strategic approaches to managing this transformation remain underexplored. This study investigates the role of internationalization as a strategic factor influencing the adoption of digital technologies within organizations. Utilizing data from Bulgaria collected through Eurostat’s „ICT Usage in Enterprises“ survey, the analysis reveals that organizations with higher levels of internationalization exhibit greater levels of digital transformation. These findings provide insights into how an organization’s strategic decision to expand into international markets affects its digital transformation. The study’s contributions are towards: enhancing the understanding of organizations’ digital transformation strategies; supporting organizations in aligning their digital transformation initiatives with their internationalization strategies and offering a foundation for future comparative studies of business organizations across Europe.
The EU as a Modern Political Network
The EU as a Modern Political Network
(The EU as a Modern Political Network)
- Author(s):Dimitar Pehlivanov
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
- Page Range:186-194
- No. of Pages:9
- Keywords:rethinking; network; decentralization
- Summary/Abstract:The successful future of the EU is a function to its complete political and conceptual rethinking as a political project. The EU should stop being considered as some utopian project with an idealistic end, or the so-called French „finalité“ – it has to be increasingly perceived as several parallel political projects or as a network, a system of interconnections mainly in the field of economic competition and political cooperation, which is self-balancing. The EU will certainly have to part with what we can define as a political culture of total optimism. There are many developments in this direction which define the EU as a „decentralized network-like structure“ or even directly as „the Network Europe“, which is at the service of its members and where the „imperial“ political center does not have the weight and influence it had in the past. The EU is a structure in which currently and paradoxically, the member states have much greater and equal opportunities, and despite the apparent instability of the structure, it is precisely the flexibility and the mentioned new rethinking as strategic factors that will allow it to be developed successfully in the future.
Prospects for the Development of International Strategic Alliances (IAS) Between the EU and CHINA
Prospects for the Development of International Strategic Alliances (IAS) Between the EU and CHINA
(Prospects for the Development of International Strategic Alliances (IAS) Between the EU and CHINA)
- Author(s):Valko Dzhankardashliyski
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Business Economy / Management, Economic policy, International relations/trade, EU-Approach / EU-Accession / EU-Development, Geopolitics
- Page Range:195-204
- No. of Pages:10
- Keywords:international strategic alliances; European Union; China; economic cooperation; free trade
- Summary/Abstract:This report examines international strategic alliances (ISA) between the European Union (EU) and China, highlighting the economic, political, and regulatory challenges inherent in these relation- ships. While partnerships in sectors such as technology, green energy, and the automotive industry provide substantial economic benefits, tensions between the EU and China continue to grow due to differing policies and approaches to free trade and security. The report explores the limitations of these alliances and the potential risks posed by the political and economic imbalance resulting from China's state subsidies and market control. The future of ISAs is expected to hinge on the EU's ability to balance its economic interests with the political demands of its Western allies and the push for greater autonomy.
Has the Ukraine-Russia War Changed the Patterns of Commodities Market: the Case of the Commodity Dow Jones Index
Has the Ukraine-Russia War Changed the Patterns of Commodities Market: the Case of the Commodity Dow Jones Index
(Has the Ukraine-Russia War Changed the Patterns of Commodities Market: the Case of the Commodity Dow Jones Index)
- Author(s):Delian Tolev
- Language:English
- Subject(s):Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, International relations/trade, Financial Markets, Socio-Economic Research, Geopolitics
- Page Range:205-215
- No. of Pages:11
- Keywords:seasonality; Dow Jones Commodity Index; dummy variables; regression
- Summary/Abstract:The aim of this research is to examine whether seasonal patterns in the Commodity Dow Jone index changed after the start of the Ukranian war. The author is particularly focused on examining whether a February effect can be spotted after the onset of the war. The author also examines the pre- and after- war period to examine whether and how the overall patterns in the index changed as a result of the war.
Evolution of International Finance in the Context of International Financial Settlements
Evolution of International Finance in the Context of International Financial Settlements
(Evolution of International Finance in the Context of International Financial Settlements)
- Author(s):Iliyan Sarandaliev
- Language:English
- Subject(s):Politics / Political Sciences, Politics, History, Economy, Supranational / Global Economy, Economic history, Economic policy, Socio-Economic Research
- Page Range:216-227
- No. of Pages:12
- Keywords:bank history; financial history; financial institutions; evolution of the financial markets; Islamic finance
- Summary/Abstract:The evolution of international financial settlements spans many eras and civilizations. The origin of institutional financial relations dates back to the era of Ancient Rome. Medieval Italian city-states such as Genoa and Venice developed sophisticated financial instruments, including bills of exchange and banking networks, which facilitated international trade. The Ottoman Empire systematically began to use a number of Islamic financial instruments that allowed its inhabitants to get rich by complying with the religious norms. In England and France of the XVII-XIX centuries, significant changes took place in the financial sphere. England, thanks to the creation of the Bank of England and the development of national debt, has become the center of international finance. In France, financial reforms such as the creation of the Banque de France contributed to the stabilization of the post-revolutionary economy and the development of international settlements. These historical examples demonstrate how various civilizations and States have contributed to the development of international financial instruments. They laid the foundation for a modern global financial system, ensuring its stability and flexibility. Understanding these processes makes it possible to better assess current financial mechanisms and anticipate their further development.
