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2013
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29 pages
1 file
One of the practical instruments for matching the macro policy documents as regional/municipal plans and strategies to the business needs of the local SMEs is the regional/community investment profile. In practical terms and in different types such profiles were developed or are in stage of finalisation in few Bulgarian border municipalities at the Bulgarian -Romania border and the Bulgarian - Serbia areas. The combinations between the success of the investment profiles themselves and the subsidies for the investments and the utilization of certain infrastructure among the SMEs will throw additional light on the approaches in which the national and the regional strategies will be translated at the micro-economic level. 1 areas. If with the bigger enterprises and infrastructure projects separate instruments were elaborated, with the SMEs one of the economy scale and marketing effective platforms proved to be exactly the municipal investments profiles. The profiles were in full versio...
Agricultural and resource economics, 2024
Purpose. The purpose of the research is to determine the degree of implementation of specific regional policies in rural areas in the context of Bulgaria's integration into the European Union through the prospects of the changing economic situation and new trends in the implementation of regional policy. Methodology / approach. The focus of the research is the need for a working regional policy that gives importance to the development of rural areas and influences the demographic and socioeconomic processes in Bulgaria. The study is defined by comparative analysis, reference to expert assessment, use of statistical data, and analysis of strategic documents and programs related to regional development. Results. This research has shown that the applied regional development policies within the European Union have partial success. At the same time, the problems and emerging deficits are successfully defined, but it is more difficult to find optimal solutions that can be applied in more than one municipality. In this direction, regional policy has its achievements in its development, but new solutions are still being sought for several spatial and territorial problems in connection with integration into a common European market. This means a comprehensive process of functional impacts in the socioeconomic development of nearly 281 regions. In Bulgaria, the situation is even more complicated, because it is necessary to have a dual approach in regional politics. On the one hand, the development of the most urbanised regions, and on the other hand, the development of the rural areas, which are decisive for the development of the greater part of the territory of Bulgaria. Originality / scientific novelty. The regional development policy carried out in the years after 2007 has a static and spontaneous character, the new approach of the measures and programs after 2023 are based on new concepts and elements in line with information technologies, development of intelligent systems, economic connectivity to overcome the backward development of rural areas. New approaches and moments are proposed in the construction of a regional policy, which has a new framework and provisions for the development of the European economic space. In this direction, the need for expert decisions related to the management of regional development comes to the fore. Practical value / implications. It is necessary to make regional development a national priority. In addition, governments should facilitate access to young people and medium-sized businesses for the use of inputs and the promotion of projects. Access to financing, strategic, and planning activities, which have their characteristics at different levels, must be further developed.
SPOUDAI Journal of Economics and Business, 2011
The article examines the capacity of four medium-sized cities in Southern Europe, concerning the current situation of their assets (agglomeration economies, urban infrastructures, factors of labor and cost, etc.), the degree of development policies implementation and effectiveness by local authorities and finally the level of local authorities capacity to plan and implement particular policies and partnerships with the private sector in order to shape a favorable and attractive magnitude investments supporting through this way cities development and firms competitiveness. The analysis uses primary data from 310 small and medium sized firms in Southern Europe. At the end, the article provides some important conclusions especially for the studied cities, but also for similar cities in the wider zone of Southern Europe.
Survey of Local Government Investments – dynamics and sources of financing: the cases of Bulgaria and North Macedonia, 2019
Local and regional authorities play a crucial role in the implementation, maintenance and rehabilitation of public infrastructure. Sub-national governments in the countries of OECD implement 57% of public investments while the implementation in EU countries is over 50%. The investments of local authorities of South and Eastern Europe increased in recent years, but the ratio of local investment to public investments made in many countries is under the EU average. At the same time, sub-national governments in SEE obliged to cover greater costs for the transportation infrastructure, the energy and road sectors, than the local authorities of Western Europe. The purpose of the article is to investigate the investment capacity of local authorities in Bulgaria and North Macedonia as representatives of SEE. An analysis of dynamics of capital costs for the period 2013-2017 is performed. The main sources of investment financing and direct investment capacity are researched. Based on a historical review of trends in finding sources of financing of capital costs (own sources, capital transfers from the central government, local expenditures) and current legislation and tendencies in the public investment sector, the possibilities for increasing the number of sources of investment financing and the inter-municipal cooperation are analyzed. Alternative sources of financing are studied due to the increasing investment needs. In addition, the paper provides comparative overview of the ratio of local investment to public investment and local investment and GDP in Bulgaria and North Macedonia and a comparison with the EU countries. The possibilities for introducing new local taxes and alternative sources for capital funding, including expansion of the local debt financing market and inter-municipal cooperation are investigated. 2 The investment capacity of sub-national authorities is crucial for the absorption of EU funds. Regarding the infrastructure projects, municipalities must ensure own contribution (through own revenue, net operating balance or debt financing). Lack of sources for municipalities' own contribution hampers their participation in EU projects.
Layout: Gisela Will -Zeichen der Zeit, Hamburg Printing: MediaMix Organisations-und Beteiligungsgesellschaft m.b.H., Schwalbach September 2006 3
Studies of the Industrial Geography Commission of the Polish Geographical Society
The marketing concept of the functioning of territorial units is well-known today, both in the literature of the subject and in practice, although the activities undertaken vary in their intensity and scope. The expressions of marketing thinking and actions are, among other things, activities undertaken by local governments in the area of shaping the offer of a territorial unit. In our research, we focused on the territorial investment offer of the Polish local regions (NUTS 5), as well as actions taken by local governments as the entities with the most real opportunities for shaping this offer. The main goal of our research was the exploration of market orientation (MO) and investment offer (IO) in the practice of local governments, and then an attempt to link the undertaken actions with their potential investment attractiveness (PAI). The conclusions contained in this article are based on research conducted on a random sample of 277 Polish local regions with the use of three resea...
2014
The strategic decision-making may be studied as a process which takes into consideration several criteria. Regionalisation of the accessing countries is one of the key conditions represented particularly with regard to so called Chapter 21 and it is the assumption of satisfactory regional administrative capacity for the European regional policy implementing. The Slovak Republic, Czech Republic and Hungary followed the requirements and realised the regionalisation administrative and financial procedures before their accession in 2004. However, there is an important question onhow the real processes of strategic decision making in implementing of the regional policy works at the regional level and what is the basis in a diverse national context. The article is aimed to study the importance of different criteria at the regional level, based on the empirical research done in most of the regional governments in three Central European countries to show their country specific differences. ...
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2017
Regional development balanced and sustainable, is a prime target interest not only locally and at the level of states and the EU as a whole. In the process of regional development, the small enterprises play an important role, contributing, on the one hand, at the rational use of local resources, and secondly, to create jobs and thus increase the living standards of local population. Based on these aspects, the paper examines, in a first hand, the manner in which are distributed the small enterprises from manufacturing, construction, trade, transport and hospitality industry at the level of the eight development regions. Also in the second part of the paper are presented the results of the analysis of territorial concentration of small active enterprises in 2014 in the five areas of activity, both in the development regions and counties of Romania.
Journal of European economy, 2020
Author analyzes scientific experience and literature in the field of assessing regional economy and regional development. In this research, the author tries to explore relation between state intervention and investment attractiveness of regions. The author proposes a new Regional Investment Index, which is an instrument for measuring business environment improvement and increase in investment attractiveness. This new Regional Investment Index is an instrument that can be used not only for analysis of economic indicators, but also for improvement of state policy at the regional level. The author develops Regional investment index in order to manage regional development and direction of investment processes. Regional investment index allows for a potential comparison of municipalities by combining different approaches and dimensions and thus becoming unique. The Russian index differs of the Regional investment index because the group of determinants is structured into two indexes. On the other hand, the Asian indexes are ones which are combined and refined in Regional investment index. The new Regional investment index is sophisticated, more
SHS Web of Conferences, 2020
Nowadays, globalization affects almost all aspects of social life. It is sensible to respond flexibly to these trends and to be prepared for their benefits or potential risks. The local self-government represented by municipalities has an increasingly important role in the economic development of individual regions of Slovakia. Are municipalities prepared for the process of globalization and its impacts? Do they have tools in their hands to respond to its trends? One of the most important tasks of the municipality is to serve as an activator of regional, social and economic development and to influence the conditions for entrepreneurship by attracting potential investors to start business activities in the municipality territories. The new entrepreneurial activities and investments are a potential source of new job opportunities resulting in increased living standards of the local residents. This paper deals with indicators that express the financial capacity of the municipality and...
Eastern Journal of European Studies, 2010
This paper offers a comprehensive and balanced assessment of the spatial distribution and significance of MNEs activities for the development of regions in Bulgaria. Comprehensive official data and large business samples of foreign affiliates show that the MNEs impact is controversial as benefits are unevenly distributed across regions. The paper states that MNEs activities are not only one of the most important vehicles of local development, but also a factor in extending regional disparities in production, income and living conditions. Possible explanations could be found in the motives and structure of attracted FDI, lagging national development, low absorption capacity of regions and inadequate government policy towards FDI.
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