CEEOL - Search Result

ASSUMPTIONS AND GUIDELINES OF SERBIAN COMPANIES TOWARDS WORLD TRADING STREAMLINES

ПРЕТПОСТАВКЕ И ПРАВЦИ УКЉУЧИВАЊА СРПСКИХ ПРЕДУЗЕЋА У СВЕТСКЕ ТРГОВИНСКЕ ТОКОВЕ

Author(s): Branko Mihailović,Drago Cvijanović,Vladana Hamović / Language(s): Serbian / Issue: 02/2007

Keywords: Market Behaviors; International Marketing; Standards; Strategy Visions

Recognition of elements of successful international market exchange is crucial on serbian economy's way towards propulsive behavior on various markets, as it is based on standards of international marketing. Also, reducing gap between serbian, and other developed economies, demands considerable actions, as well as strategic vision of such actions.

More...

THE INDUSTRIAL CONCENTRATION IN SERBIAN BANKING: THE DEGREE AND ITS DYNAMICS

СТАЊЕ И ДИНАМИКА СТЕПЕНА КОНЦЕНТРАЦИЈЕ У БАНКАРСКОМ СЕКТОРУ СРБИЈЕ

Author(s): Srđan Marinković / Language(s): Serbian / Issue: 02/2007

Keywords: Concentration; Competition; Banking Industry; HH Index; Gini

This is an empirical research on the degree of concentration in Serbian banking industry. The research is based upon indicators such as concentration ratios and concentration curve, Herfindahl-Hirschman index, Lorenz curve and Gini coefficient. Distribution variable is total assets of the banking industry. However, lack of high frequency data make it unreliable to construct meaningful time series of relevant statistical significance, so we take impression about the dynamics of the degree of industrial concentration simply by comparing two referent points, July 2004 and June 2006. Discussion of results and concluding are based on available comparative studies. The findings strongly support the view that the degree of industrial concentration in Serbian banking is at absolute low level. At the same time, this is lowest level of concentration in comparison to the sample of countries.

More...

IMPROVING PROPERTY RELATIONS AS AN ASSUMPTION OF EFFICIENT MARKET ECONOMY

УНАПРЕЂЕЊЕ СВОЈИНСКИХ ОДНОСА КАО ПРЕТПОСТАВКА ЕФИКАСНЕ ТРЖИШНЕ ПРИВРЕДЕ

Author(s): Dragan Petrović / Language(s): Serbian / Issue: 02/2007

Keywords: Property Rights; Non-transparent Proprietor Forms; Posner's Theorem; Couse's Theorem; General Law; Roman-germanium Law

In the end of 2000, Serbia has stepped into crucial social and economic reforms. The basis of these reform processes consisted of numerous system laws, the Law of property transformation being the key leverage of efficient market economy and long-term growth of living standard. Today, after six years of intensive privatization activities, the opinions about this percussive transition job are highly divided. Some economists and analysts consider it successful, while it seems a lot larger number of them derogates the privatization results. Empirical data enhances this division of opinions. Beside positive examples of privatization, the fact that many privatized companies not only did not live to see the announced market "reincarnation", but also many of them experienced even deeper crisis, hopelessness and agony, leaves a much stronger impression. Bearing this in mind, the aim of this paper is to analyze numerous practical problems of recently privatized companies in the light of theoretically-methodological dilemmas related to insufficiently arranged property relations, incomplete institutionalization and property rights specialization.

More...

MANAGEMENT OF HUMAN RESOURCE PERFORMANCE AS DETERMINANT OF CREATING FIRM VALUE AND COMPETITIVE ADVANTAGE

УПРАВЉАЊЕ ПЕРФОРМАНСАМА ЉУДСКИХ РЕСУРСА КАО ДЕТЕРМИНАНТА КРЕИРАЊА ВРЕДНОСТИ И КОНКУРЕНТСКЕ ПРЕДНОСТИ ПРЕДУЗЕЋА

Author(s): Bojan Krstić / Language(s): Serbian / Issue: 02/2007

Keywords: Human Resources; Performance; Value of Enterprise; Competitive Advantage

This paper deals with the problem of identifying relationship between human resources and value of enterprise. It means which activities in the field of human resources management have the most influence on increasing the enterprise value and competitive advantage. In the function of effective human resources performance management, this paper presents relevant problems and possible solutions connected with monitoring and controlling performance and performance measurement of using human resources and their influence on enterprise value in the terms of "new economy".

More...

Environment: Sea Change Needed in Central Asia

4.50 €

Preview

Environment: Sea Change Needed in Central Asia

Author(s): Timothy Spence / Language(s): English / Issue: 04/05/2011

Keywords: Environment; Central Asia; Uzbekistan; Kazakhstan; Afghanistan; OSCE; Aral Sea; ecosystems; Tajikistan; President Islam Karimov; natural resource protection; economic development; electricity; EU report; climate change; commerce; UN Economic Commission fo

The regional status quo could lead to a genuine water crisis, which could even include war, one researcher warns.

More...

4.50 €

Preview

Media: Marketing Macedonia

Author(s): Slobodanka Jovanovska / Language(s): English / Issue: 04/05/2011

Keywords: Macedonia; government; Prime Minister Nikola Gruevski; TV ads; self-advertising by governments; media; Broadcasting Council president Zoran Stefanovski; public MRTV broadcaster; VMRO-DPMNE; Transparency International; corruption; promotional campaigns; co

Macedonians mock some of the public-service TV spots the government churns out. Now some are getting angry at what they say are political messages paid for by taxpayers.

More...

Meskhetian Turks Bouncing From Exile to Exile

4.50 €

Preview

Meskhetian Turks Bouncing From Exile to Exile

Author(s): Ky Krauthamer / Language(s): English / Issue: 04/05/2011

Keywords: Georgia; Meskhetian Turks; Muslims; Central Asia; non-Slavic ethnic groups; Council of Europe; Azerbaijan; Samtskhe-Javakheti region; Armenia

The deportees – most of whom were Meskhetian Turks, a Muslim community settled on Georgian territory – were transported to …

More...

4.50 €

Preview

Editors‘ Blog: Years Eaten by Lions

Author(s): Tihomir Loza / Language(s): English / Issue: 04/05/2011

Keywords: Years Eaten by Lions; film; Boro Kontic; reporters; editors; Bosnian Serb TV; ethnic pogroms;

If you ever wondered what happened with journalists who paddled hatred and warmongering in the former Yugoslavia in the 1990s, this film (Years Eaten by Lions, a 2010 documentary by Boro Kontic) can enlighten you.

More...

The New EU: Spilled Gravy in the Lobbies of Power

4.50 €

Preview

The New EU: Spilled Gravy in the Lobbies of Power

Author(s): Katerina Safarikova / Language(s): English / Issue: 04/05/2011

Keywords: European Parliament; corruption; scandal; Sunday Times; three sinners; former Austrian Interior Minister Ernst Strasser; former Slovenian Foreign Minister Zoran Thaler; former deputy premier of Romania; Adrian Severin; Brussels lawmakers; ethical behavio

It’s not technically illegal for members of the European Parliament to peddle their influence for cash. And for some, it’s normal.

More...

Editors' Guest blog: The Reaction to Bloodlands

4.50 €

Preview

Editors' Guest blog: The Reaction to Bloodlands

Author(s): Jeremy Druker,Peter Rutland / Language(s): English / Issue: 04/05/2011

Keywords: book; Bloodlands: Europe Between Hitler and Stalin; seminar at Harvard University; Nazi Germany and the Soviet Union; Joseph Stalin and Adolf Hitler; history; holocaust; Terry Martin; Ukraine

The Reaction to Bloodlands: Europe Between Hitler and Stalin - book by Timothy Snyder.

More...

The Fourth Estate: Modernizing a Dinosaur

4.50 €

Preview

The Fourth Estate: Modernizing a Dinosaur

Author(s): Marius Dragomir / Language(s): English / Issue: 04/05/2011

Keywords: Romania; Alexandru Lazescu; media; independent journalism; TVR; President Traian Basescu; opposition Social Democratic Party; payroll; funding; households; financial problems; political pressures;

New management at Romanian public television could usher in a new era, if it can avoid financial ruin and political pressure.

More...

CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW

Author(s): Andreea Andrieş / Language(s): English / Issue: 3a/2012

Keywords: real convergence; financial convergence; economic and financial crises; EMU

This paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results of the study are the following: the four countries have made notable progress in the years preceding the current crisis; however, considerable efforts are still needed in order to comply with the euro zone, in terms of living standards, economic structure, degree of openness of the economy, etc.; refer the financial convergence, directions are needed to increase the financial intermediation and financial depth in Romania and Poland, the Czech Republic and Hungary recording slightly more favourable indicators. On the other hand, central banks, except the Polish one, should significantly improve the transmission mechanism of monetary policy upon the financial and real sphere.

More...

THE VARIOUS POSSIBLE EU TAXES

Author(s): Raluca-Andreea Mihalache / Language(s): English / Issue: 3a/2012

Keywords: accession by the EU; accounting methods; budgetary criteria; efficiency criteria; equity criteria; fiscality; tax basis; tax rate

In this article, the various possible EU taxes are compared with regard to each of the criteria: budgetary, equity and efficiency criteria. In principle, this problem of revenue insufficiency can be overcome by combining several resources, including contributions from the Member States, to make up for the needs of the EU budget Setting an equalisation mechanism to replace or complement the current GNI contribution could thus be a useful complement to tax autonomy in the context of a reform of the current own resource system.

More...

WESTERN BALKAN COUNTRIES ON THE ROAD OF EUROPEAN INTEGRATION: RESULTS AND TENDENCIES

Author(s): Cristina Morari / Language(s): English / Issue: 3a/2012

Keywords: European integration; Western Balkan countries; experience; pre-accession domestic tasks; negotiations

The article analyses the negotiations between European Union and countries of the Western Balkans and attempts to identify where the major problems are likely to be. The main obstacles in the process of European integration of the countries from Balkan region are analyzed. Also, the paper focuses on the key priorities that Western Balkan countries have to accomplish in order to reach the domestic readiness for their process of European integration. An important goal of the article is to identify some important conclusions for the European roadmap of the Republic of Moldova from experience of the presented states.

More...

THE MAIN FEATURES OF THE FLOWS OF FOREIGN DIRECT INVESTMENTS IN ROMANIA

Author(s): Elena Chirilă - Donciu / Language(s): English / Issue: 3a/2012

Keywords: foreign direct investment; growth economy; development

A distinctive characteristic of The Global Economy over the last few decades has been the rising rate and the impressive increase in the Foreign Direct Investment (FDI globally). Due to the potential role that foreign direct investments may play in accelerating the growth rate and re-shaping the economy, many developing countries are seeking such types of investments that can multiply the efforts being made towards the growth of their economy. The purpose of this research is to analyze the flows of foreign direct investments in Romania between 2003 and 2010. The results of the research highlight the negative balance between the trade balance and the enterprises with FDI in 2007-2010, due to the financial crisis, to the fragile budget balance, due to the low competitiveness of the imports, the low quality of the Romanian products and the macroeconomic risk determined by the rate of inflation, the unemployment and the instability in the exchange rate.

More...

AN OVERVIEW OF THE TOBACCO BLACK MARKET IN EUROPE

Author(s): Loredana Maftei / Language(s): English / Issue: 3a/2012

Keywords: tobacco; illegal cigarettes; smuggling; counterfeiting; underground economy

Cigarette smuggling is a global phenomenon and so well-organized that it poses a serious threat to public health and national economies. The aim of the article is to highlight the main definitions and classifications between illegal tobacco trade and cigarette smuggling and also to describe the general situation of Europe. Based on data retrieved from International Tobacco Trade and UNODC, the paper is focused on the price differences, source countries, supply and demand and on the analysis of reports and articles. Furthermore the main findings emphasize the role of high taxation and corruption which have affected the European economies.

More...

EVOLUTION OF INSOLVENCY REGULATIONS IN ROMANIA

Author(s): Elena Cristina Baciu / Language(s): English / Issue: 3a/2012

Keywords: insolvency rate; insolvency law; Romania; Eastern Europe

The financial situation of a firm represents a knowledge that is necessary for all stakeholders because they all need to have information about the capacity of the entity to be profitable. The purpose of the study is to examine the evolution of insolvency regulation throughout the years by concentrating on the changes made in laws. The peculiarities of insolvency law influence the way in which the companies cope with their financial difficulties. The number of insolvent companies and the rate of insolvency are values that show the differences between countries and give the possibility to realize a comparison of the regulations in order to establish the aspects that need improvements.

More...

ROMANIAN MACROECONOMIC STABILITY BETWEEN THE BALANCE OF PAYMENT ASSISTANCE AND THE EUROPEAN SEMESTER

Author(s): Gabriela Drăgan / Language(s): English / Issue: 3a/2012

Keywords: economic and financial crisis; macroeconomic imbalances; EU funds absorption; balance of payments

The first EU Alert Mechanism Report demonstrates the vulnerable macroeconomic external position of Romania, the current Romanian’s balance of payments reflecting a severe need of financing and capitalization. On the other hand, the 2007-2013 programming period potentially provided a significant amount of EU money for investments (around 29 billion euro) through Structural Funds. However, five years after the beginning of the current financial framework, the level of absorption remains extremely low. The paper focuses on the main Romanian macroeconomic imbalances (the current account balance, international investment position) and on the most important sources for financing investments and development - the EU financial structural instruments: ERDF and Cohesion Fund.

More...

TOURISM AND REGIONAL DEVELOPMENT – THE CASE OF ROMANIA

Author(s): Gina-Ionela Butnaru,Clara Minut / Language(s): English / Issue: 3a/2012

Keywords: regional development; tourism; North-East Regional Development Agency; Romania

The policies regarding regional development in the last years took tourism more and more into account, as a strategic sector for the assurance of a dynamic economic growth of regions with an important tourism potential. Consequently, we intend to analyse the implications of the North-East Regional Development Agency in the development of Romanian tourism in the present socio-economic context, both at regional and at national level.

More...

EFFECTS OF MONETARY POLICY IN ROMANIA - A VAR APPROACH

Author(s): Iulian Vasile Popescu / Language(s): English / Issue: 3a/2012

Keywords: monetary policy; transmission mechanism; vector auto regressions

Understanding how monetary policy decisions affect inflation and other economic variables is particularly important. In this paper we consider the implications of monetary policy under the inflation targeting regime in Romania, based on an autoregressive vector method including recursive VAR and structural VAR (SVAR). Therefore, we focus on assessing the extent and persistence of monetary policy effects on gross domestic product (GDP), price level, extended monetary aggregate (M3) and exchange rate. The main results of VAR analysis reflect a negative response of consumer price index (CPI), GDP and M3 and positive nominal exchange rate behaviour to a monetary policy shock, and also a limited impact of a short-term interest rate shock in explaining the consumer prices, production and exchange rate fluctuations.

More...