Template-Type: ReDIF-Article 1.0 Author-Name: Penka Naidenova Author-Email: penka.naydenova@abv.bg Author-Workplace-Name: Tsentar za demografski izsledvania i obuchenie Author-Name: Genoveva Mihova Author-Email: g.mihova@abv.bg Author-Workplace-Name: Tsentar za demografski izsledvania i obuchenie Title: Demographic science for facing challenges in the development of Bulgaria Abstract: The demography science is an unique as far as it collects knowledge about the mass behavior of people and their biological and social reproduction since the first days of the mankind on the World. But still today there is area to be studied. It is explained herewith the main contribution of the Bulgarian researches to theoretical, applied and methodological aspects of the demography. They concern mainly the facing of the present challenges of Bulgarian development. This make them political orientable and topical. Classification-JEL: A00 Keywords: demography, challenges, knowledge, contribution, development Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 3-12 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%203-12.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:3-12 Template-Type: ReDIF-Article 1.0 Author-Name: Lyubomir Georgiev Author-Email: lgeorgiev@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Securitization, bank business models and financial stability Abstract: The report focuses on the relation "securitization - business models of banking - financial crisis of 2007-08." The analysis shows that: the rapid development of the securitization process is not a signal of the declining role of banks as financial intermediaries; one of the main reasons for the reduction of financial stability at the beginning of the XXI century is the fact that as a result of securitization, banks cease to be banks. Classification-JEL: A00 Keywords: securitization, special purpose vehicles (SPVs), bank business model "originate-and-hold", bank business model "originate-and-distribute", shadow banking system, financial crisis Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 13-20 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2013-20.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:13-20 Template-Type: ReDIF-Article 1.0 Author-Name: Kalin Gospodinov Author-Email: k.gospodinov@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Transaction costs: classification and measurement (Microeconomic level) Abstract: Current paper deals with the phenomenon of transactional costs as a general term for the amassed operational losses of economic subjects, associated with the market realization of their goods and services. Following the political transition in Bulgaria an ever increasing number of companies are now faced with floods of contracts and provisional agreements that came to replace the former administrative regulations and directives. The thereof associated additional costs need to be optimized on microeconomic level, via reassessment of the existing accounting algorithms within companies. Real-life economic data demonstrates substantial lack of experience with regard to the evaluation and optimization of transactional costs. This, in turn, call for an in-depth analysis of their origins and local determination factors, as well as their quantitative representation and minimization. Classification-JEL: A00 Keywords: Transaction costs, transformation costs, institutions, quantitative assessment Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 21-27 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2021-27.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:21-27 Template-Type: ReDIF-Article 1.0 Author-Name: Тeodorina Turlakova Author-Email: tturlakova@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Integrated development through diversification and multifunctional use of resources Abstract: This article deals with issues of economic convergence, integrated and territorial approach to regional development specifying the processes in rural areas. The objectives of this study are aimed at clarifying the integrated approach to rural development and the role of diversification and multifunctional use of resources for its implementation. The activities of diversification and multifunctional use of resources in rural areas are analyzed in the context and as part of the strategy for integrated development. Classification-JEL: A00 Keywords: integrated development, diversification, multifunctional agriculture Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 28-34 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2028-34.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:28-34 Template-Type: ReDIF-Article 1.0 Author-Name: Radka Ivanova Author-Email: r.ivanova@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Innovation policy and strategy for smart specialization Abstract: Innovation accompany all ages of human existence – before agrarna, agrarian, industrial and post-industrial, and today continue to be crucial for development globally. The realization of the innovation process at several levels, namely - global, regional, national and local, requires the development of specific policies for each of them to determine the ways and means to achieve the objectives in the field of innovation. Thoughtful innovation policy allows for the rational use of innovative potential at the appropriate level through a package of measures and means to increase the scale and effectiveness of innovation. Classification-JEL: A00 Keywords: innovation policy, scientific and technical progress, smart specialization Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 35-42 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2035-42.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:35-42 Template-Type: ReDIF-Article 1.0 Author-Name: Gergana Slavova Author-Email: ggss@abv.bg Author-Workplace-Name: University of Economics - Varna Title: Successful entrepreneurial projects that finance agricultural activities in the Northeastern region of Bulgaria during the first programming period of the Operational Programme for Rural Development Abstract: The main objective of this paper is to trace and analyze approved and implemented projects in the field of non-agricultural activities undertaken in the Northeastern region during the first programming period of Program for rural development. Based on the analysis of funded and implemented projects in non-agricultural activities of the Program for developing rural areas, we derive some general conclusions and recommendations for the Northeast region. Classification-JEL: A00 Keywords: Program for rural development, agricultural activities, financial resources, a third axis Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 43-51 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2043-51.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:43-51 Template-Type: ReDIF-Article 1.0 Author-Name: Damyan Kirechev Author-Email: dkirechev@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: The sustainable intensification of agriculture – challenges the Common Agricultural Policy and opportunities for Bulgaria Abstract: Development of European policy in agriculture targets achieving sustainable relation agriculture - environment. The sustainable agriculture intensification combines intensive agriculture with achieving high standards in environmental protection. This challenges farmers to improve radically the resources usage efficiency and to meet the high standards for the protection of biodiversity, climate, soil, water, landscape etc. Sustainable intensification suggests greener production, harmful environment effects reduction. Sustainable intensification will be determined by local conditions, current productivity and farms environmental indicators. Integration of environmental management in the Common Agricultural Policy (CAP) increases in the new programming period. It is necessary to reinforce the knowledge providing, better observations and measurement of the impact of agriculture on the environment is needed. It is also necessary to strengthen of consultancy and to support the innovative approaches in the new CAP. Improving the sustainability of agriculture in our country implies mobilization of the efforts of all farmers and implementing a new support policy. Classification-JEL: A00 Keywords: intensification; sustainable agriculture; Common Agricultural Policy; environmental management Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 52-62 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2052-62.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:52-62 Template-Type: ReDIF-Article 1.0 Author-Name: Aleksandar Shivarov Author-Email: a.shivarov@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Diversity in Bulgarian foreign trade Abstract: The aim of the paper is to explore the changes in Bulgarian exports after 2007 by sectors and main trading partners and to generate hypotheses for its future development. The author applies different measures of diversity as predictors of economic resilience, whereas resilience is understood as the capacity of a system to recover its functions and structure after an internal or external shock. The analysis relies on the UN Comtrade database. This study can be regarded as an initial step towards the identification of options for policies supporting export development as an important component of economic growth and enhanced resistance and ability to adapt to exogenous shocks. Classification-JEL: A00 Keywords: export, vulnerability, resilience, diversification, economic complexity Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 63-71 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2063-71.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:63-71 Template-Type: ReDIF-Article 1.0 Author-Name: Miglena Dushkova Author-Email: megi.dushkova@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Trade and society Abstract: The present paper clarifies the role of trade in modern society through the functions of trade and their importance in society. In this regard, some important examples are provided concerning socially responsible activity in the business of large companies operating in Bulgaria, which determine a continuous improvement of trade and contribute to improving the economic and social culture of society. This determines the necessity to study the growing importance of trade not only because it provides consumption of goods and services, but also because it has the ability to influence different areas of public life. Thus, trade helps society by increasingly contributing to its sustainable development. Classification-JEL: A00 Keywords: trade, society, corporate social responsibility, sustainable development Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 72-76 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2072-76.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:72-76 Template-Type: ReDIF-Article 1.0 Author-Name: Michal Stojanov Author-Email: michal.stojanov@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Homeshopping - shopping from home Abstract: The appearance of home shopping on the television channels, in the years of transition to a market economy in Bulgaria, creates new opportunities for marketing of consumer products. This work attempts to provide specifics, advantages and disadvantages of home shopping industry as typical tool for commercialization and distribution used by certain participants in contemporary commerce. The analytical part of the article presents the main trends and specific characteristics of home shopping market in the Republic of Bulgaria. The last part is dedicated to the ability of computer and television technologies merge and comprehensive development of interactive telemarketing concept. Classification-JEL: A00 Keywords: home shopping, telemarketing, home shopping channels industry Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 77-84 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2077-84.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:77-84 Template-Type: ReDIF-Article 1.0 Author-Name: Donka Zhelyazkova Author-Email: d_zhelyazkova@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: The role of the electronic sales channels in passenger transport in Bulgaria Abstract: The present paper examines current parameters of the sales in passenger transport in Bulgaria on the basis of differentiated information on online and offline sales, furthermore the study includes information on the type of transport and divides sales in air transport and other transport types, and next data include online sales subdivided based on the channel used into direct sales and sales made by agent. Based on logical economic analysis on outlined guidelines some important conclusions are formulated that place in leadership the air transport by the proportion of online sales and localize the presence of a serious potential for development of online sales in the segment of passenger transport in Bulgaria. Classification-JEL: A00 Keywords: passenger transport, online sales, offline sales Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 85-91 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2085-91.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:85-91 Template-Type: ReDIF-Article 1.0 Author-Name: Plamena Milusheva Author-Email: plammena@abv.bg Author-Workplace-Name: University of Economics - Varna Title: Development of the logistics in hotels on the Bulgarian Black Sea coast Abstract: Nowadays, in the hotel and restaurant businesses as major economic activities the role of the logistics for increasing the competitiveness of the organization in the present market conditions becomes more and more important. In connection with the strategic importance of the logistics it is observed the trend to appoint managers at a supreme management level for the purposes of logistics management. This process is accompanied by changes in the organizational management structure of the companies, rediscovering the role of the logistics, realizing the need of knowledge and skills of the personnel in the logistics area, giving priority to the logistics that is in line with the business strategy of the organization, applying new management practices, etc. The purpose of this report is to present the results of applying the logistics concept in the management of a group of hotels, situated on the Bulgarian Black Sea coast, which have accepted and applied the logistics approach/concept/. Classification-JEL: A00 Keywords: logistics, hotel business, restaurant business, supply chain, warehouses, suppliers Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 92-97 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2092-97.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:92-97 Template-Type: ReDIF-Article 1.0 Author-Name: Boyko Doychinov Author-Email: boyko.doychinov@mail.bg Author-Workplace-Name: Regionalen klastar "Severoiztok" Title: Approaches and application model for the establishment and functioning of mobile market structures Abstract: In the new programming period 2014-2020 in the EU are provided for a number of funding opportunities for the creation of modern market infrastructure for the realization of fresh and processed foods. Special attention will be given to the process of distribution in the direction of shortening of supply channels and improving of the forms for direct sales.The study analyzed seven examples of creating or transforming market infrastructure associated with mobile commerce in fresh and processed foods. Derived indicators of risk assessment in the process of investment decision making. A review of the European and world experience in connection with the issue and referred to the risks and the specifics of its application in the Bulgarian conditions. Developed and presented is a model for optimal operation of a mobile market structure in Municipality of Byala, Varna financed under The European Fisheries Fund. Classification-JEL: A00 Keywords: modern market infrastructure, supply channels, mobile market infrastructure, indicators of risk assessment, model for optimal operation of a mobile market structure, reinovation in fresh food marketing system, cooperation between Regional Cluster NorthEast and Mercasa for developing new market models Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 98-105 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%2098-105.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:98-105 Template-Type: ReDIF-Article 1.0 Author-Name: Stefka Dobreva Author-Email: stefka.dobreva@gmail.com Author-Workplace-Name: University of Economics - Varna Author-Name: Georgi Dimitrov Author-Email: geo.p.dimitrov@gmail.com Author-Workplace-Name: University of Library Studies and Information Technologies Author-Name: Pavel Petrov Author-Email: petrov@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Full Text Search in Electronic Information Fund of Academic Libraries Abstract: The study focuses on options for handling digitized library content corresponding to the modern consumer expectations. In particular we have in mind the possibility of full text search in digital archive. Numbers of academic institutions in our country in recent years with help of projects funded by the European Union are purchased robotic scanners. As a result, thousands of books have been scanned. Digitized units are usually available by special terminals located in the reading rooms of the local libraries. Despite the positive effects of digitization, there is a delay on posibilities of using this information. Classification-JEL: A00 Keywords: full text search, academic libraries, information systems, digitalization, electronic book Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 106-114 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%20106-114.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:106-114 Template-Type: ReDIF-Article 1.0 Author-Name: Latinka Todoranova Author-Email: todoranova@ue-varna.bg Author-Workplace-Name: University of Economics - Varna Title: Implementation of business intelligent systems in the public sector in Bulgaria Abstract: The study focuses on the public sector in Bulgaria and possibilities for implementation of business intelligence systems in this sector. It represents the results of online survey aimed to establish the current state of Information and Communication Technologies used in the sector as a prerequisite for the implementation of business intelligence systems. Classification-JEL: A00 Keywords: Business intelligent systems, public sector Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 115-123 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%20115-123.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:115-123 Template-Type: ReDIF-Article 1.0 Author-Name: Tatiana Markova Author-Email: markova.tatiana@yahoo.com Author-Workplace-Name: Sofia University "St. Kliment Ohridski" Title: The Principal-Agent Problems in American Class Actions Abstract: The article has made an analysis of the situation in the collective proceedings in the USA when agency problems arise between the class, i.e. the community of victims participating in the procedure (principal) and the lawyer of these victims (agent). A series of such problems are identified and examined. How could they be restricted or resolved? The analysis of the respective proposals shows that they are hard to be realized in practice as a whole. It proves that in case of offenses that have led to numerous victims with large damages, individual claims may take advantage with view of the compensation. We also demonstrate in what sense the analysis of the agency problems in the US class action is useful to prevent some serious ones to occur in the European court practice. Classification-JEL: A00 Keywords: class action, agency problems, victim compensation, advantage of the individual procedure, organizational schemes of agent relationship Journal: IZVESTIA, JOURNAL OF THE UNION OF SCIENTISTS - VARNA, ECONOMIC SCIENCES SERIES Pages: 124-131 Issue: 1 Year: 2014 Month: November File-URL: http://www.su-varna.org/izdanij/2014/Ikonomik-2014/Pages%20124-131.pdf File-Format: Application/pdf Handle: RePEc:vra:journl:y:2014:i:1:p:124-131