"Scientific research" Almanac

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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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  STUDYING THE INNOVATIVE ACTIVITY IN PRIVATE AND PUBLIC SECTOR IN THE DANUBE REGION

  The main objective of this study is to investigate the activity of businesses and local authorities in the Danube region in terms of demand and creation of knowledge and innovation. The tasks are: to examine the need for innovation in the private and public sector in the Danube region and to provide specific recommendations and measures to ... The main objective of this study is to investigate the activity of businesses and local authorities in the Danube region in terms of demand and creation of knowledge and innovation. The tasks are: to examine the need for innovation in the private and public sector in the Danube region and to provide specific recommendations and measures to increase their innovation activity. The main thesis advanced in this study is that the search for knowledge and innovation by local businesses and administration is insufficient, but can and should be induced by apparent and tacit knowledge exchanged between entrepreneurs in regional innovation systems. The output of multidimensional quantitative analysis of the innovation needs of the public and business sectors is systematized in the study. To solve the problems identified in the study specific recommendations and measures are outlined, which are to support the creation of local creative environment, full exploitation of the endogenous potential of the Danube region and to facilitate the diffusion of knowledge and innovation in both business organizations and the work process of local authorities.

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  STATE AND GUIDELINES FOR IMPROVING THE ENERGY EFFICIENCY OF REAL ESTATE PROPERTIES IN BULGARIA

  The aim of this study is to outline guidelines and recommendations for the implementation of the commitments under the EU directives related to climate change and energy efficiency, contributing to prosperity of the market and its sustainable development based on an empirical study of the state of real estate market in Bulgaria. To achieve the ... The aim of this study is to outline guidelines and recommendations for the implementation of the commitments under the EU directives related to climate change and energy efficiency, contributing to prosperity of the market and its sustainable development based on an empirical study of the state of real estate market in Bulgaria. To achieve the goal the following tasks are defined: clarification of the EU strategy on energy efficiency; outlining the place and role of real estate buildings in the country's economy; the development of a model for professional management of residential real estate buildings as a product provided by real estate agencies, able to foster increased energy efficiency. The main research thesis is that improving energy efficiency in buildings is essential for the stabilization and sustainable development of the real estate market by offering long-term benefits for owners and users of real estate.