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EVALUATION OF THE IMPACT OF THE WORLD ECONOMIC CRISIS ON THE REAL ESTATE MARKET IN THE MEMBER STATES OF THE EUROPEAN UNION (ON THE EXAMPLE OF THE REPUBLIC OF BULGARIA AND GREECE)
The analysis of the real estate market has been directly related to the dynamic development of the overall price level in recent years. By focusing on the period 2008-2016, we draw attention to the influence of the two main factors - the accession of Bulgaria to the EU and the impact of the global financial crisis, which reflects most seriously on ...
The analysis of the real estate market has been directly related to the dynamic development of the overall price level in recent years. By focusing on the period 2008-2016, we draw attention to the influence of the two main factors - the accession of Bulgaria to the EU and the impact of the global financial crisis, which reflects most seriously on the sectors of construction, production and services. The focus of this paper is on the real estate market in Bulgaria in parallel with Greece, as a neighboring country that has suffered the harsh economic consequences of the crisis. The main research thesis on which the present study has been built is that the geopolitical and economic shocks on a global and national level are a key factor determining the potential of the real estate market. The main objective is to analyze the state of the real estate market in Bulgaria and Greece. The tasks assigned by the authors are:
- consideration of the main features of real estate markets in Bulgaria and Greece;
- outline the main trends of the real estate market in Bulgaria and other member states from Central and Eastern Europe;
- Investigating the potential for investment in real estate in the member states of the European Union by applying the method of Z. Helving;
- comparative analysis and assessment of the real estate market in Bulgaria and Greece and outlining the trends of its future development.
As a result of the survey a grouping of the European Union countries on indicators for the mortgage market, the real estate market and the economic potential of the countries was carried out. The peculiarities of investments in real estates in the member states of the European Union are distinguished, focusing on the Republic of Bulgaria and Greece and the main factors of the supply and demand for real estate.
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STRUCTURAL CHANGES IN THE PRODUCT PORTFOLIO OF BULGARIAN INSURANCE COMPANIES
The structure of the portfolio of insurance companies shows what consumer preferences to different insurance products are. The comparison of product structures makes it possible to determine whether there is a change in the pattern of insurance consumption, to outline the reasons if there is a change and insurers to take adequate actions in line ...
The structure of the portfolio of insurance companies shows what consumer preferences to different insurance products are. The comparison of product structures makes it possible to determine whether there is a change in the pattern of insurance consumption, to outline the reasons if there is a change and insurers to take adequate actions in line with new trends in consumer demand.
The objective of this article is to assess the strength of the structural changes in the product portfolio of Bulgarian insurance companies. The assessment of the structural changes is done by tracing the dynamics in the distribution of Gross Premium Income by insurance sectors and insurance classes and also on the basis of the values of the integral coefficient of structural changes. The thesis defended is that tracking changes in the product structure makes it possible to identify the dynamics of the market shares of the insurance sectors and the insurance classes, to outline the trends in their market positions and to assess the degree of change in the consumer preferences.
In order to achieve the objective and to prove the thesis, the following tasks have been formulated: formation of the structure of the insurance market by calculating the market shares of general and life insurance; formation of the structure of the product portfolio in general and life insurance by calculating the market shares of different types of insurance; establishing the changes in the positions of the individual insurance sectors and insurance classes in the product structure; characterizing the strength of the outlined structural changes.
The survey results show that there have been changes in consumer preferences for different insurance products during the period under review. The changes in the product structure of life insurance are the most significant.
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CURRENT PROBLEMS IN THE ORGANIZATION
OF ACCOUNTING IN THE PUBLIC SECTOR
In the accounting legislation in the sphere of the public sector in our country conceptual amendments have been made, which has reflected on the overall organization of the accounting process in the budgetary organizations. However, these changes affect individual aspects of the budgetary organizations' accounting, which is why there is currently ...
In the accounting legislation in the sphere of the public sector in our country conceptual amendments have been made, which has reflected on the overall organization of the accounting process in the budgetary organizations. However, these changes affect individual aspects of the budgetary organizations' accounting, which is why there is currently no entirely new framework for accountability of public sector enterprises.
This in turn is a prerequisite for insufficient clarity and, in certain cases, a contradiction in the accounting of specific business operations and processes in the budgetary enterprises.
The main purpose of this study is to examine the organization of current and periodic accounting in public sector enterprises.
The fundamental research thesis that is being defended is that the improvements in the organization of the current and periodic accounting of the activities of the public sector enterprises are a prerequisite for a true and fair presentation of their financial situation.
Proof of the presented thesis requires the fulfillment of the stated tasks: to clarify the significance of the process of convergence of the national accounting rules in the public sector with the international accounting legislation; to outline the main theoretical, methodological and practical problems; to offer reasoned opportunities for improving the current and periodic accounting and reporting process in order to better reflect business operations in the public sector enterprises.
As a result of the survey, problems, referred by the authors as main problems, have been outlined in relation with the accounting in these enterprises, and argued opportunities for improvement related to the Chart of Accounts of the budgetary organizations and the presentation of the information in the financial statements have been presented.
