"Scientific research" Almanac

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  ANALYSIS OF HOTEL BUSINESS COMPETITIVENESS

  „Europe 2020” Strategy and „Bulgaria 2020” National Program’s underlying issues relate to smart and sustainable growth. It is associated with the creation of a greener and more competitive economy in which resources are used efficiently and environmentally-friendly. The relationship „quality-competitiveness” is interpreted in accordance with the ... „Europe 2020” Strategy and „Bulgaria 2020” National Program’s underlying issues relate to smart and sustainable growth. It is associated with the creation of a greener and more competitive economy in which resources are used efficiently and environmentally-friendly. The relationship „quality-competitiveness” is interpreted in accordance with the ideas put forward in these programs The search for competitive advantages of a tourism product can be improved mainly through reorientation of the strategy of tourist companies to a higher standard and better services, differentiation of the Bulgarian tourism product, development of alternative products to attract wealthy tourists and create conditions for intense competition in the industry. The paper involves practical research on the quality of the tourism product, its impact on the competitiveness of hotel chains, which illustrates the significant features in the development of tourism for the five-year period (2007-2011).

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  THE BANKING SECTOR IN CRISIS

  Banking crises are costly for the economic crises, not only because of the high direct rescue costs, but also due to the negative effects on the economy by limiting the access to credit resources, negative impact on the price of government debt and securities of local companies, as well as a possible devaluation of the national currency. The aim ... Banking crises are costly for the economic crises, not only because of the high direct rescue costs, but also due to the negative effects on the economy by limiting the access to credit resources, negative impact on the price of government debt and securities of local companies, as well as a possible devaluation of the national currency. The aim of this study is to clarify the causes and transmission mechanisms of the global financial crisis of 2007, and to advocate the following idea: effective risk management in the financial sector at the international level is the only way to prevent future global financial crises. In this context, the following main tasks are defined: (1) factors for the occurrence of banking crises, and in particular – the global financial crisis of 2007, (2) transmission mechanisms of infection in the international banking sector, (3) the impact of the global financial crisis on the banking sector, and (4) policy options for risk management in the banking system and for strengthening it.

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  EXPLORING THE POSSIBILITIES FOR IMPROVING THE COMPETITIVENESS OF BREWERIES IN BULGARIA

  Contemporary realities and the transition to a new civilizational model of development – “Knowledge-based economy” modify the ways of achieving competitiveness of enterprises. ICT, innovations and human capital are becoming major factors of corporate progress. The three listed pillars determine relevant changes in the sectoral structure of ... Contemporary realities and the transition to a new civilizational model of development – “Knowledge-based economy” modify the ways of achieving competitiveness of enterprises. ICT, innovations and human capital are becoming major factors of corporate progress. The three listed pillars determine relevant changes in the sectoral structure of Bulgaria, especially in the brewing sub-sector; in the “architecture” of its competitive intensity and in the formation of its competitive advantages. In this respect, the purpose of this particular project study is to assess and analyze the competitiveness of Bulgarian enterprises in the brewing sub-sector at present and in the future. The paper advocates the idea that in order for the breweries in Bulgaria to be highly competitive, they have to intensively use ICT, actively implement innovations and constantly broaden and enrich the knowledge of their staff. The assessment (based on surveys and direct interviews) of the competitiveness of national brewers reveals their state and “bottlenecks”, defines the main conclusions and outlines recommendations for their effective development and growth.