EFFECTS OF EU ENVIROMENTAL REGULATIONS ON THE INTERNATIONAL COMPETITIVENESS OF BULGARIA’S CHEMICAL INDUSTRY ENTERPRISES

Authors

Keywords
chemical industry, EU, environment, regulations, international competitiveness

Summary
The actuality of the study stems from the presence of a limited number of in-depth studies focusing on the effects of the regulations on the international competitiveness of the companies in chemical industry. The aim of this study is to analyze the effects of European policy in the field of environmental protection on the international competitiveness of chemical enterprises in Bulgaria. In order to achieve this goal, the following tasks have been outlined:

1. A theoretical study of the European Union's policy on environmental protection;

2. A theoretical study of the literature covering the impact of environmental regulations on the international competitiveness of companies;

3. Developing an online survey and popularizing the results of the survey;

4. Conducting a survey among the chemical companies in Bulgaria. The main research thesis can be defined as follows: compliance with the three types of regulations, which are examined in this article in the field of environmental protection of the European Union, has a negative impact on the economic development of chemical enterprises in terms of their revenues, costs and international competitiveness.

The main conclusion of this study confirms the research thesis that the European Union's regulations have a negative impact on firms in terms of their costs and international competitiveness.

JEL: L52, L65, Q59
Pages: 24
Price: 3 Points

More titles

  • LEADERSHIP DEVELOPMENT TOWARDS THE ACHIEVEMENT OF THE OBJECTIVES FOR SUSTAINABLE DEVELOPMENT PURPOSES

    Sustainable development and production, economic growth, employment, infrastructure, sustainable management of natural resources, climate changes, etc., are all issues that require solutions and actions which can be achieved under the management of responsible young leaders. The objective of the project is to examine the possibilities for ...

  • BENEFITS FOR TOURISM ENTERPRISES FROM THEIR ISO 9001 CERTIFICATION

    Globalization and free movement of goods and services put new opportunities for Bulgarian businesses to achieve a competitive advantage based on quality. The study of this problem in the economic practice is especially relevant, considering the predominance of the service sector in the national economy and the complexity of maintaining a ...

  • 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 ...