"Scientific research" Almanac

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  MODELING DEBT CAPACITY OF MUNICIPALITIES UNDER THE CONDITIONS OF FISCAL DECENTRALIZATION

  The main aim of this paper is to investigate the debt capacity of the Bulgarian municipalities as an area of the municipality finance, requiring decision-making based on modern methodology. Those decisions are exceeding the traditional one year planning horizon. With the introduction of the multy-year models for budgeting and analyses of the ... The main aim of this paper is to investigate the debt capacity of the Bulgarian municipalities as an area of the municipality finance, requiring decision-making based on modern methodology. Those decisions are exceeding the traditional one year planning horizon. With the introduction of the multy-year models for budgeting and analyses of the capacity of municipalities’ debt issue it is allowed to consider with the unique characteristics of the municipality debt-issuer. Such approach enlarges the capabilities in front of the municipal financial management. Therefore it is confirmed that Bulgarian municipalities are able to maximize the effects of absorption of operating programs funds through development of the capacity of co-finance, including debt issue. Such policy could be introduced in borders, guarantying acceptable debt services under the conditions of various, multiyear scenarios for the development of the local community under the condition of fiscal decentralization.

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  RATING SYSTEM FOR EVALUATION OF MUNICIPALITIES FINANCE

  The present study puts the accent on the public sector within the system of the national economy, the territory and administrative division of the European and world countries and the analysis of the financial parameters of the budgets of the Bulgarian municipalities. Based on empirical data, it makes a comparative analysis of the social and ... The present study puts the accent on the public sector within the system of the national economy, the territory and administrative division of the European and world countries and the analysis of the financial parameters of the budgets of the Bulgarian municipalities. Based on empirical data, it makes a comparative analysis of the social and economic management of the local fiscal units of Pleven and Lovech districts. Each of them is rated by the expert valuation method.

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  RESEARCH OPPORTUNITIES FOR DEVLOPING A PROJECT MANAGEMENT SYSTEM IN COMPLEX “MARITZA IZTOK” - METHODOLOGICAL AND PRACTICAL APPLIED ASPECTS

  The research focuses on the possibility to improve the project management system by forming a unit that shall manage the project portfolio (Project management office). During the process of organizing and functioning of the Project management office particular attention is paid to the team and project approach. An important role in this process is ... The research focuses on the possibility to improve the project management system by forming a unit that shall manage the project portfolio (Project management office). During the process of organizing and functioning of the Project management office particular attention is paid to the team and project approach. An important role in this process is played by the project thinking and behavior corresponding to the concrete situation. The paper also presents a functioning model of the project management system. Moreover, it introduces a methodology for developing and improving the project management system in the project-oriented organizations. The methodology is approbated in real environment. The analysis of the results forms the basis for making conclusions and recommendations and opening perspectives for developing and improving the project management systems in the researched organizations.