Current Issue : January - March Volume : 2021 Issue Number : 1 Articles : 5 Articles
The circumstances for conducted this study was a life level assessment in the aspect of mountain community economic development, as well as the safety level at work in the agriculture and in the local industry. The key issue in such places is tourism, which results mainly from natural resources. The studies were performed on a sample of 200 randomly selected inhabitants of the municipalities and 100 tourists. The survey consisted of 15 questions (6 open and 9 closed ones). The findings of the survey show that among the most developmental directions of economy, according to the inhabitants of the two compared municipalities, were tourism and agritourism. Also, most tourists have decided that the natural advantages of the municipalities encourage them to visit both regions. The multicriteria analysis showed that municipality B is characterized by a higher quality of environment and higher landscape values than the other. Similarly, the natural environment was assessed by the inhabitants of both communes. The greatest problem in both municipalities was unsatisfactory air quality, while the greatest problem of safety at work was pain in the lumbar spine, around the neck and shoulder line. Besides, only 13% (region A) and 6,1% (region B) of the expenditures constituted financial support for the municipal economy, the environmental protection and healthcare. Results from the data analysis show that the described municipalities have significant chances for systematic development in spite of numerous current problems, among which the most important one is unemployment....
The purpose of this article is to present some aspects of the Polish economy in transition on the basis of a Polish Oil and Gas Joint Stock Company (Polskie Górnictwo Naftowe i Gazowe Spółka Akcyjna – the Polish abbreviation of the name is PGNiG SA). PGNiG SA is the largest company in Poland that deals with the exploration and production of natural gas and oil. It is one of the leading companies in the country’s fuel and gas industry and it is important for Poland's energy security and the growing Polish economy. The novelty of the paper is an attempt to characterize the Polish economy during the ongoing systemic and economic transformation and to indicate that its development is possible due to the positive financial condition and dynamic operation of large business units. The article puts forward the thesis that the driving force behind the development of the Polish economy and its crucial catalysts are the strong enterprises, which are of strategic importance for the Polish State and with a large share of the State Treasury, such as the PGNiG SA. To verify the thesis, the financial situation of PGNiG SA was analyzed using the preliminary and indicator analysis of the financial statements for 2014-2018 period as a method. Oil and gas price trends affecting the company's results and its investment projects were also presented. The financial situation and business activities of PGNiG SA have been assessed positively, so it was concluded that it is, and will be, a driving force of the Polish economy....
Sovereign wealth funds (SWFs) is an increasing power in the global financial markets due to their large assets and growing number. They continue to make headline news and capture the attention of academics, practitioners and policymakers. The authors summarize empirical research on SWFs and conclude that researchers have focused on the relationship between SWFs investments and the target firm’s value and performance. Due to the lack of a common definition of SWF, existing empirical studies are based on different sample sizes, different values of SWFs, and different values and number of their deals. In sum, studies conclude a positive response from the market to the SWFs investments in the short term. However, there is very little unanimity with respect to the long-term effects of SWFs investments. The authors also survey research on SWFs investments allocation, and find a preference for large foreign firms who confront financial difficulties and for strategic sectors, especially the financial sector. Otherwise, political, cultural and economic factors play an important role in their investment choices and capital allocation strategies. The authors also note the lack of studies testing the perception of the debt market about SWFs investments and confirm the importance of considering the heterogeneity among SWFs and their governance characteristics. Finally, they call for a common definition of SWFs....
The impact of the COVID-19 Pandemic has been staggering for the entire US economic system. Entire industries have been thwarted from operating on any sustainable level. In response, Wall Street reacted with a resounding CRASH… and so… the need for federal intervention became a stark reality for the US economic system’s survival. As major retailers collapse into bankruptcy, the need for continued federal financial support is tantamount to survival for a wide array of fledgling companies. Will the CARES legislation be sufficient to prevent a United States’ economic freefall?...
From the perspectives of early warning and identification of risk, risk quantification and analysis, also as risk management, we propose recommendation, which includes analysis of citizen behavior in panic, cooperation of the institutions in Romania. The whole analysis will be performed from a perspective of the field of economic cybernetics. The 2019-nCoV coronavirus epidemic started in China's Wuhan city, which has spread throughout the country and subsequently, in a very short period of time, in several states, being viewed as a global contagion effect that causes great concern. As the virus gets closer to Romania, it becomes worrying and citizens are already panicking. Therefore, in this article we will analyze, according to public data, what is the current situation and how well Romania is prepared to manage the risks arising from the confirmation of COVID-19 in the country and how the behavior of citizens in a state of panic is influenced. In addition, we analysed the medical system from Romania from the point of view of the analysis of the management of the viable system, in the situation of pandemic crisis the medical system being one of the sensitive points of any system....
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