"Scientific research" Almanac

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  STUDYING THE COUNTERPARTY RISK IN INDUSTRIAL ENTERPRISES (ALONG THE LINES OF THE BREWING INDUSTRY)

  The purpose of the present study is to investigate the manifestation of counterparty risk in the operation of Bulgarian breweries and to highlight specific business solutions and practices for its effective management. In this regard, the following tasks are formulated and implemented: studying and summarizing the theoretical formulations of ... The purpose of the present study is to investigate the manifestation of counterparty risk in the operation of Bulgarian breweries and to highlight specific business solutions and practices for its effective management. In this regard, the following tasks are formulated and implemented: studying and summarizing the theoretical formulations of counterparty risk in industrial enterprises; analyzing and evaluating the current state and identifying the development trends of the brewing industry in the European Union and in Bulgaria, in particular; investigating the risky circumstances and situations arising from the actions and responses of corporate counterparties; summarizing and presenting the results of the conducted empirical survey; highlighting the best practices and initiatives for counterparty risk management in the surveyed business establishments. The main research thesis is that identifying, maintaining and developing partner relationships and interactions with certain counterparties (suppliers, clients, distributors and other physical persons and/or legal entities and the subsequent change in their actions and responses lead to unforeseen and unexpected risk situations in the breweries. As a result of the survey, the study identifies the current situation, the specificity and dynamics in the development of the brewing industry within the European Union and Bulgaria, as well as the bearers of counterparty risk in the brewing enterprises in the country and the most problematic situations and weaknesses in working with them, and outlines the guidelines and priorities for reducing, limiting, avoiding and eliminating the counterparty risk in the surveyed respondents.

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  CHALLENGES TO INTERNATIONAL BUSINESS IN THE EUROPEAN UNION

  The technical and economic paradigm of the information age since the beginning of the 21st century has led to new structures and processes in the international business in the European Union. In the economic sense, this is a prerequisite for deepening the division of labour, increasing its productivity and expanding the sphere of the use of ... The technical and economic paradigm of the information age since the beginning of the 21st century has led to new structures and processes in the international business in the European Union. In the economic sense, this is a prerequisite for deepening the division of labour, increasing its productivity and expanding the sphere of the use of capital. The consequences for the European Union concern all the enterprises on the path to internationalization. We believe that the challenges to them are related to the changes imposed by modern information and communication technologies and the realities of the new millennium. The purpose of this paper is to present the trends and the challenges in areas important for the international development of companies in the European Union that are affected by the modern changes, namely: energy as the basis for the development of the industries that have directed their efforts abroad; international investment as an important factor for a country's prosperity and an increase in exports and the labour market, providing the necessary human resources for the success of internationalizing business organizations. This purpose should be achieved by solving the research tasks related to revealing the latest theoretical formulations on the subject under consideration and highlighting the trends in the studied areas. The main research thesis is that the knowledge gained in the study of the fields important for the international development of the European Union companies: energy; foreign direct investment and the labour market can be seen as a technical, economic, managerial and, above all, strategic instrument aimed at maintaining and enhancing the national and international competitiveness of international business organizations and the achievement of economic growth in each member-state and the whole Union. As a result of the research, we have come to the conclusion that changes require action in order to adapt to the dynamics caused by a number of factors: technological, economic, political, socio-demographic and psychological factors. Using all provided opportunities can foster the prosperity of businesses abroad, economies of the countries and the industry of the European Union as a whole.

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  TERRITORIAL DIVISION OF BULGARIA - PROBLEMS AND PERSPECTIVES

  The new territorial division is one of the hottest topics in the country's regional policy. It is not accidental that they call it Pandora's box because regional and local authorities have issues related to Cohesion Policy instruments and their regional impact, which is difficult to be objectively assessed. The objective of the study is to ... The new territorial division is one of the hottest topics in the country's regional policy. It is not accidental that they call it Pandora's box because regional and local authorities have issues related to Cohesion Policy instruments and their regional impact, which is difficult to be objectively assessed. The objective of the study is to analyze the strengths and weaknesses of the different scenarios for a new territorial division of the country, to identify those that are most appropriate to the purposes of sustainable and balanced development and to formulate target-oriented development policies.The research thesis is that decisions for territorial division should be based on in-depth research with appropriate scientific tools, the results of which are considered to be objective criteria when defining the boundaries of territorial units. The tasks of the survey are: study of the legal framework of the territorial division in the EU and in the country; GAP analysis of existing territorial zoning, incl. asymmetries between existing planning regions; comparative analysis of options for a new territorial division; developing targeted development policies for the regions. All scheduled tasks are met. Five scenarios have been analyzed and a variant for territorial division is presented, which corresponds to the legislative framework and specifics in the country despite some weaknesses. Among the most important conclusions is the need to reach a political consensus on the balanced sustainable development of the country, which should be considered a medium and long-term priority objective.