"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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  PRODUCTION AND MARKETS OF GENETICALLY MODIFIED ORGANISMS, FOODS AND AGRICULTURAL PRODUCTS

  This paper aims to study and find out the problems in the production and markets for agricultural products in terms of genetically modified organisms and genetically modified foods. To achieve this aim the influencing factors, defined in the tasks, are identified. The scarcity of land as a resource, the global economic crisis, food security, ... This paper aims to study and find out the problems in the production and markets for agricultural products in terms of genetically modified organisms and genetically modified foods. To achieve this aim the influencing factors, defined in the tasks, are identified. The scarcity of land as a resource, the global economic crisis, food security, global famine and some other factors make it necessary to create species sustainable to natural and climatic conditions, on the one hand. On the other hand, the insufficient information about how safe species are in terms of production, distribution and use of genetically modified organisms and foods requires state intervention. The agricultural sector is a strategic sector that requires the application of well-grounded economic measures by the government for seeking ways to control and eliminate potential negative consequences in terms of providing normal conditions for the existence of humans, plants and animals and protection of environment.

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  COMPARATIVE ANALISYS OF THE BULGARIAN AND ROMANIAN EXTERNAL SECTORS

  Being an area of free movement of “people, goods and capital”, EU gives both Bulgaria and Romania opportunities to improve their access to markets, as well as to attract more foreign direct and portfolio investments. The global economic crisis, that began two years after the two countries’ full EU accession, is likely to discontinue these ... Being an area of free movement of “people, goods and capital”, EU gives both Bulgaria and Romania opportunities to improve their access to markets, as well as to attract more foreign direct and portfolio investments. The global economic crisis, that began two years after the two countries’ full EU accession, is likely to discontinue these advantages and to pose serious hardships to the ability of their economies to function in a crisis and reduced cash flows. The project “Comparative analisys of the Bulgarian and Romanian external sectors” is focused on studying the trends in the balance of payment of the two countries and its components in the light of Euro membership and under the conditions of an economic crisis. Its scope includes the key specifics of trade and capital flows as well as the correlations between them. The views on balancing the external sector are generalized and tools are identified to assess the trends in the balance of payment.