"Scientific research" Almanac

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  FREE ZONES AS A TOOL OF STATE ECONOMIC REGULATION

  Free zones emerge at a certain stage in the development of national economy as a new form of interaction in foreign trade and foreign economic relations of a country. Duty free zones are one of the most common types of free zones. The balanced achievement of a variety of goals by creating free zones leads to the conclusion that they can also be a ... Free zones emerge at a certain stage in the development of national economy as a new form of interaction in foreign trade and foreign economic relations of a country. Duty free zones are one of the most common types of free zones. The balanced achievement of a variety of goals by creating free zones leads to the conclusion that they can also be a tool of state economic regulation. Although there are almost all conditions for the development of free zones in Bulgaria, their activities, and hence their importance for our country, are on the decrease. The question arising is how to change that. The following trends in the development of free zones in Bulgaria can be outlined as very important: changing the regulatory requirements for tenants concerning the technological level and type of productions carried out in the free zones; tax incentives for investors; turning the free zones into industrial sites which use new technologies; using the regime approach in creating free zones in Bulgaria; authorizing a state agency to organize, coordinate and monitor the activities of the free zones in the country; and setting priority objectives in the operation of the free zones. This will provide opportunities for identifying the exact location and role of free zones and will make them an effective tool for state economic regulation.

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  TRENDS IN THE DEVELOPMENT OF PROFITABILITY AND RISK PROFILE OF THE BANKING SECTOR IN OUR COUNTRY

  This paper discusses the impact of the financial crisis on the profitability and risk profile of the banking sector in our country. The problem is studied at two levels – at a macroeconomic level (the banking system as a whole) and at a microeconomic level (particular banks). An indicator is derived for a complex binding of profit and risk ... This paper discusses the impact of the financial crisis on the profitability and risk profile of the banking sector in our country. The problem is studied at two levels – at a macroeconomic level (the banking system as a whole) and at a microeconomic level (particular banks). An indicator is derived for a complex binding of profit and risk (risk-weighted profitability), its dynamics is traced and the factors that influence it are outlined.

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  OFFSHORE ZONES – PLACES FOR IMPLEMENTING CRIMINAL INITIATIVES OR ECONOMICALLY JUSTIFIED INVESTMENTS

  An intensive dispute about the role of the offshore zones in modern global economy is taking place among researchers, politicians and financial specialists. What are the reasons for investors to transfer their savings to such offshore zones – are they motivated by economic reasons or are they just realizing their criminal intentions using the ... An intensive dispute about the role of the offshore zones in modern global economy is taking place among researchers, politicians and financial specialists. What are the reasons for investors to transfer their savings to such offshore zones – are they motivated by economic reasons or are they just realizing their criminal intentions using the offshore status? According to Zhixiang Sun investors will transfer their savings to offshore zones until the ratio between return in the home country towards return in the offshore zone is higher than the ratio between unity minus the tax rate in the home country and unity minus the tax rate in the offshore zone. In our research we calculate these ratios for a US investor towards a possible transfer to 9 Caribbean offshore zones. For all cases we find that there are strong economic reasons for investors to transfer their savings to offshore zones. The same conclusions refer to Bulgarian investors, too. It is only for Panama that we did not find economic reasons.