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Difficulties, Outcomes, and FutureTendencies in Ecotourism

Difficulties, Outcomes, and FutureTendencies in Ecotourism

Author(s): Carmelia Mariana Dragomir Bălănică,Cecilia Șerban / Language(s): English Publication Year: 0

This chapter by Carmelia Mariana Bălănică Dragomir and Cecilia Șerban explores the various facets of ecotourism, including its current challenges, results, and future trends. It discusses the economic and environmental impacts of ecotourism, emphasizing the need for sustainable development. The chapter addresses the integration of global value chains in tourism, the importance of reducing greenhouse gas emissions, and the role of international environmental treaties. It highlights the necessity of innovative technologies, market incentives, and regulatory frameworks to promote ecotourism. The authors also examine the socio-economic benefits of ecotourism, such as job creation and local community development, while identifying obstacles like underdeveloped infrastructure and legal frameworks.

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Cooperation Between the ProsecutionBody and Various Institutions orDepartments for the Investigationof Illegal Migration

Cooperation Between the ProsecutionBody and Various Institutions orDepartments for the Investigationof Illegal Migration

Author(s): Dinu Ostavciuc,Gina Aurora Necula / Language(s): English Publication Year: 0

This chapter, authored by Dinu Ostavciuc and Gina Aurora Necula, explores the critical role of cooperation and interaction between prosecution bodies and various institutions in investigating and combating illegal migration. It discusses the legal and practical frameworks that facilitate collaboration among different law enforcement and governmental bodies. The chapter emphasizes the necessity of well-organized interaction to overcome the complexities and cross-border nature of illegal migration crimes. It also addresses the legislative challenges and proposes amendments to improve the coordination and efficiency of investigative processes. The importance of systematic, coordinated efforts involving national and international bodies, expert institutions, and non-governmental organizations is highlighted as essential for effective crime detection and prosecution.

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Examining Economic Growth, Development, and Quality of Life. A comparative Analysis of Romania and The Republic of Moldova

Examining Economic Growth, Development, and Quality of Life. A comparative Analysis of Romania and The Republic of Moldova

Author(s): Gina Ioan / Language(s): English Publication Year: 0

This chapter by Gina Ioan presents a comparative analysis of the quality of life from an economic perspective in Romania and the Republic of Moldova. It examines the relationship between economic growth and economic development, using statistical data to explore the factors influencing economic well-being. The study highlights the significant differences in macroeconomic indicators, income levels, and quality of life between the two countries. It delves into aspects such as GDP growth, poverty rates, health, education, and the impact of COVID-19 on economic stability. The chapter underscores the importance of sustainable economic policies and strategies to enhance the quality of life and reduce socio-economic disparities.

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Еврозоната и България – рецесия или икономически растеж

Еврозоната и България – рецесия или икономически растеж

Author(s): Vasil Petkov / Language(s): Bulgarian Publication Year: 0

The purpose of the study is to track the dynamics of the main macroeconomic indicators for the euro area, for selected countries in the euro area and for Bulgaria, based on empirical and statistical information for a five-year retrospective period. In this way, similarities and differences in economic development can be highlighted and cause-and-effect relationships can be explored. Despite efforts to mitigate negative external shocks, gross domestic product growth slows during 2023. The level of inflation is decreasing significantly due to the increase in interest rates, but at the expense of this, the economic activity will continue to slow down. Investment has a negligible contribution to the aggregate product, and foreign trade is shrinking. Based on the analysis of interdependencies and the peculiarities of the cyclical development of the considered economies, including Bulgaria, the most likely scenario for their short-term development is either recession or low but unstable economic growth.

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Цифровото евро – перспективи и очаквания

Цифровото евро – перспективи и очаквания

Author(s): Monika Moraliyska,Zdravko Beshendjiev / Language(s): Bulgarian Publication Year: 0

Digitization, globalization and the advent of artificial intelligence are pushing the world towards rapid change. All spheres of socio-economic life were affected, including the banking sector, which underwent a serious metamorphosis in the last decade. A decade after the appearance of the first cryptocurrency, today the financial institutions of the EU, as well as its political leaders, are on the verge of introducing a digital euro. This report synthesizes the main expectations from the introduction of the digital euro and analyses both the possible benefits and potential risks of its use. The limitations of the study are related to the unknown nature of the problem arising from the dynamic development of technologies and their application in business and finance.

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Предизвикателства пред кръговата икономика в страните от Латинска Америка

Предизвикателства пред кръговата икономика в страните от Латинска Америка

Author(s): Vesselina Dimitrova / Language(s): Bulgarian Publication Year: 0

The paper identifies some recent studies and examples in the context of circular economy in Latin American countries, for example Columbia, Brazil, Mexico. The paper provides mapping of interest in sustainable innovations, corporate social responsibility, green supply chain and all other aspects relative to Sustainable Development Goals in Latin American countries, including also the sustainable recovery after Covid-19. The analysis of the existing literature confirms the necessity to improve sustainability pillars in Latin American business into economic, environmental and social directions.

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Оценка на изпълнението на Зелената сделка през втората година

Оценка на изпълнението на Зелената сделка през втората година

Author(s): Daniyl Tanev / Language(s): Bulgarian Publication Year: 0

The purpose of the report is to assess the progress and impact of the European Union‘s ambitious policy framework known as the Green Deal. By looking at various studies, articles and the EU‘s published results and information over the period, this report delves into the extent to which the Green Deal‘s objectives have been achieved, its effectiveness in addressing environmental challenges and the potential impact it has on the global transition towards a green economy. It assesses whether the measures set out in the agreement have delivered tangible results and examines how the EU‘s commitment to sustainability supports global efforts to combat climate change.

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Анализ на потреблението на биологични продукти в България и страни-членки на ЕС (2019-2025 г.)

Анализ на потреблението на биологични продукти в България и страни-членки на ЕС (2019-2025 г.)

Author(s): Kamelia Dragomirova Hadjiilieva-Biedermann / Language(s): Bulgarian Publication Year: 0

The changes in the consumption of organic products is highly dynamic since advent of the market for organic foods and cosmetics. Consumers show a high responsiveness to the actual economic situation, depending on multiple factors. This work focuses on the EU while the Covid-19 pandemic and before the current high inflation period. A short term forecast according the market development is given, based on different variants for motivation and goals of the main players in the market.

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Трансформация към устойчивост – европейски аспекти

Трансформация към устойчивост – европейски аспекти

Author(s): Gabriela Metodieva / Language(s): Bulgarian Publication Year: 0

The aim of this paper is to address the European aspects of sustainable transformation, particularly transport mobility and digitalization. The object of the article is digitalization as a path towards sustainability. The subject is the prospects and challenges for transforming towards a sustainable way of living. To cover the goals, the following tasks are set: 1) definition of sustainability and mobility; 2) mentioning the similarities between digitalization and a sustainable mobility model; 3) defining prospects and challenges for implementation. The main results are theoretical and practical application of the conclusions, introduction of good practices and proposals.

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Устойчиво бъдеще: предизвикателства и възможности за българските фирми

Устойчиво бъдеще: предизвикателства и възможности за българските фирми

Author(s): Daniela Tzvetkova / Language(s): Bulgarian Publication Year: 0

The purpose of this article is to examine some new trends in the integration of ESG goals for sustainable development in companies’ practices. Some quantitative and qualitative indicators of sustainable development are considered. The focus of the report is the challenges and opportunities for Bulgarian companies to achieve sustainable development. From 2024 ESG becomes mandatory for certain companies in the EU and in Bulgaria, which will have to submit non-financial information in the form of a report on their application. For now, these changes concern large corporations, but it is expected that within two to three years, they will become mandatory for SMEs as well.

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Агностичен подход за оценка на макроикономическите ефекти от инструментите на ЕС в България

Агностичен подход за оценка на макроикономическите ефекти от инструментите на ЕС в България

Author(s): Ivaylo Beev,Ivan Todorov / Language(s): Bulgarian Publication Year: 0

The study analyzes one of the most discussed issues concerning EU cohesion policies and, in particular, the macroeconomic effects these policies have on the development of the Bulgarian economy. A central focus of the report is the quantification of the multiplier of expenditures co-financed by the EU. The results indicate that the crowding out effects and the lack of additionality among national policies limit the multiplier coefficient for each 1 BGN spent to around 0.3-0.4. This estimate is lower than the alternative macroeconometric approach (SIBILA 2.0) currently used by public institutions.

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Валутният пазар и европейската икономическа интеграция в условията на кризи

Валутният пазар и европейската икономическа интеграция в условията на кризи

Author(s): Irena Nikolova / Language(s): Bulgarian Publication Year: 0

The foreign exchange market changes sharply due to the uncertainty worldwide, digital currencies and technology, and continuous crises in various countries and regions. The European Union as one of the major participants on the global foreign exchange market by its own currency, the euro, and the European Central Bank, are influenced as well by that turbulence. The purpose of the paper is to present the foreign exchange market in times of continuously arising crises and to analyse the adoption of the digital euro in terms of the European economic integration and the currency board in Bulgaria.

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Инфлацията в страните от ЕС по време и след пандемията от COVID-19

Инфлацията в страните от ЕС по време и след пандемията от COVID-19

Author(s): Valentin Bilyanski / Language(s): Bulgarian Publication Year: 0

The study examines inflation developments during and after the COVID-19 pandemic. Along with the pandemic, other reasons for the price dynamics during this period are also considered. The report investigates the different dynamics of inflation in the EU countries, with an emphasis on Bulgaria. The research methodology includes an analysis of both general inflation and inflation by individual product groups. The contribution of these groups to general inflation is also examined. The analysis shows that during the COVID-19 pandemic, inflation, the most intense in the last few decades, has characteristics that significantly distinguish it from previous crisis periods when we witnessed high inflation levels. Inflationary processes take place in quite different ways in different countries and in particular in the EU. During the pandemic, the inflation differential between the member states widened, with the countries of Central and Eastern Europe registering a significantly greater increase in prices. This is mainly observed in food and utilities, but also to a significant extent in services such as health care, education and hotels and restaurants.

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Приемане на еврото – нови възможности за българската икономика

Приемане на еврото – нови възможности за българската икономика

Author(s): Betina Minkova,Vesselina Borisova,Gabriela Dimova / Language(s): Bulgarian Publication Year: 0

The following research is a brief review on the topic of the consequences of the adoption of the Euro for the Bulgarian economy. Using three argumentative pillars, the authors examine the main arguments for changing the country’s national currency, which, according to the report, would result in more opportunities to attract investment, international exchange and economic growth. The good practices of the accession of Lithuania and Croatia to the financial structure of the Eurozone were examined, and acute macroeconomic turbulence was not registered in either country.

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Макропруденциален надзор в Република България. Въвеждане, институции и ефекти

Макропруденциален надзор в Република България. Въвеждане, институции и ефекти

Author(s): Elena Dimitrova-Tsoneva / Language(s): Bulgarian Publication Year: 0

In the countries with a fixed monetary policy, in which interest rates cannot be increased in order to tighten credit discipline, in the period 2007 – 2009, given the risks associated with the credit growth “reasonable” instruments are quickly recognized as alternatives. Bulgaria is one of the first countries to apply a macroprudential policy, using instruments ranging from higher capital requirements to differentiated requirements for reserves and prudential credit ceilings. The purpose of this publication is to show the experience of the Republic of Bulgaria in the implementation of the macroprudential supervisory policy of the Union. The benefits we manage to derive from the regulatory mechanisms for our economy in a situation after total state bankruptcy and currency board, global economic crisis and pandemic.

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The State of Nominal and Real Convergence of Albania in the Context of Its EU Accession

The State of Nominal and Real Convergence of Albania in the Context of Its EU Accession

Author(s): Silvia Kirova,Enida Istrefi / Language(s): English Publication Year: 0

The paper aims to explore the state of nominal and real convergence of Albania, as well as some factors that are determinants of the catching-up process and might explain the results so far. The topic is of particular interest as in July 2022 the EU accession negotiations with Albania were launched. Therefore, it is relevant to research to what extent the country fulfills the Maastricht criteria and what is the state of real convergence, as they have a significant impact on the smooth integration of the economy in the internal market and eventually in the euro adoption process. The focus is on Albania and where appropriate, comparisons will be made with the other Western Balkan countries which have an EU candidate status.

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The Influence of Exchange Rate on Inflation in Albania: Study Period 2010-2022

The Influence of Exchange Rate on Inflation in Albania: Study Period 2010-2022

Author(s): Jonida Methasani,Enida Zhugri / Language(s): English Publication Year: 0

This paper studies the exchange rate in Albania and its relationship with inflation. Recently, the exchange rate has been emphasized as a shock absorber in the literature on transition nations, downplaying its costs to macroeconomic stabilization. However, the costs and benefits of a previous exchange rate instrument determine the decision to use a different exchange rate regime. The paper’s first section presents a survey of the literature on the connection between inflation and the exchange rate. The performance of the ALL/ EUR exchange rate is discussed, as the euro accounts for the majority of transactions in our country’s trade with other countries. The study of the effect of the exchange rate on economic indicators such as inflation is the last part of the study, for which we developed a simple regression model to explain the relationship between the two variables.

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Local Government in Albania, The Effects of Fiscal Decentralization

Local Government in Albania, The Effects of Fiscal Decentralization

Author(s): Selma Binjaku,Shkëlqim Fortuzi / Language(s): English Publication Year: 0

Fundamentally, decentralization represents a democratic restructuring endeavor that seeks to transfer political, administrative, financial, and planning powers from the central government to local authorities. Its aims encompass boosting civic engagement, bestowing decision-making authority upon local communities, and fostering accountability and dependability. The overarching objective is to optimize the efficiency and effectiveness of resource collection, administration, and service provision. My interest in comprehending the evolution of our country’s decentralization initiative has driven me to delve into the subject of fiscal decentralization. This process entails endowing local governments not only with the entitlements arising from this empowerment but also the corresponding responsibilities that accompany it. Before and after decentralization, there are several stages that can be observed. These stages typically involve policy formulation, legal reforms, capacity building, fiscal transfers, and institutional adjustments. By analyzing key indicators, we can assess the impact of decentralization on various aspects of governance. The aim of this work is to take into consideration recent developments, both within the framework of central-level reforms and the work of local self-government bodies, primarily focusing on the period from 2005 to 2021. The work is primarily based on analyzing the findings identified from the following sources: Primary data collected through questionnaires administered to citizens, Accountancy Experts, and Businesses. Research from various reports, publications, or articles prepared as part of projects or activities of various public institutions operating in the field of local governance. Previous reports and analyzes on territorial-administrative reform have been conducted by national and international institutions, and their findings have been extensively used in the preparation of this work.

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Analysis of Fiscal Policies and Their Impact on the Local Economy

Analysis of Fiscal Policies and Their Impact on the Local Economy

Author(s): Selma Binjaku,Shkëlqim Fortuzi / Language(s): English Publication Year: 0

Fiscal policies are the tools used by the government to influence the country’s economy through taxation, public spending, and public debt. Their goals are to regulate the economy, assist in increasing employment, reduce inflation, and maintain control of public debt. Tax revenues are the primary and significant sources of income for governments in most countries. The potential tax revenues of a country based on its legal or tax law are much greater than the actual tax revenues collected. Due to the lack of full tax compliance, government budgets are rarely balanced in most countries, and the gap between revenues and expenditures is growing. The key question is why taxpayers avoid taxes. The purpose of this paper is to familiarize with the concept of fiscal packages and how the new taxation system works in the country. The paper is divided into three sections, where the first section includes the analysis of the theoretical aspect of our tax system, focusing on the concepts of taxes and duties according to national legislation. The second section focuses on fiscal packages for the years 2020, 2021, 2022, and the revenues generated during the respective years, while the final section deals with the analysis of the survey conducted among businesses in our country that have implemented the taxation system by examining the difficulties businesses are currently facing after the implementation of taxation, as well as their approach to taxation.

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Analysis of the Economic Situation in Case of the Membership Expansion in the EU, an Approach toward Western Balkans

Analysis of the Economic Situation in Case of the Membership Expansion in the EU, an Approach toward Western Balkans

Author(s): Rovena Vangjel,Mateus Habili,Merjemë Zyko / Language(s): English Publication Year: 0

This research paper seeks to examine the economic situation that arises in the context of EU membership expansion, focusing on the approach of Western Balkans. We aim to conclude if the current situation of the European Union would benefit from the inclusion of new members. Achieving the paper’s objectives required the analysis of crucial aspects such as investigating how EU membership expansion until today has impacted the economy of the union and whether new entrants experience accelerated growth and convergence with the more developed economies, studying the dynamics of labor mobility between existing and new member states and other economic exposures. The analysis in this paper used secondary data obtained from statistical platforms such as World Bank Statistics Eurostat, focusing on the data of the years when the most considerable accessions to the union happened due to higher visibility of the economic effects. The study contributes to a deeper understanding of the complex dynamics accompanying the integration of new economies into the European Union, concluding that the scope of a genuine analysis considering the current period will always lead to making the most accurate decision.

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