"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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  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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  MANAGING PROJECTS FOR ELECTRICITY PRODUCTION FROM RENEWABLE ENERGY SOURCES

  The main purpose of the present study is to identify possibilities for improving the management of renewable energy projects in Bulgaria. This goal is achieved by completing the following tasks – reviewing the characteristics of renewable energy project management as a factor of ecologically-oriented company policies; outlining the possibilities ... The main purpose of the present study is to identify possibilities for improving the management of renewable energy projects in Bulgaria. This goal is achieved by completing the following tasks – reviewing the characteristics of renewable energy project management as a factor of ecologically-oriented company policies; outlining the possibilities for improving management mechanisms of such projects within companies. The object of study is the renewable energy projects carried out in Bulgaria and in particular the possibilities for effective company management of photovoltaic parks. Special attention is paid to the possibilities for overcoming setbacks in the management of such projects regardless of the causes that have led to them. The study proposes a flexible model for managing renewable energy projects (photovoltaic parks) by companies as a way of implementing ecologically-oriented practices.