Yearbook

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  STRATEGIES AND TRENDS FOR STABILIZATION OF THE ECONOMIC GROWTH IN THE EUROPEAN UNION AND BULGARIA

  The study classifies the comparative characteristics, the major problem areas and the challenges for the economic growth of the EU and Bulgaria in the context of the "Europe 2020" strategy. The main structural weaknesses are the lower growth rates, the relatively high unemployment rates, the insufficient level and the un-optimized structure of ... The study classifies the comparative characteristics, the major problem areas and the challenges for the economic growth of the EU and Bulgaria in the context of the "Europe 2020" strategy. The main structural weaknesses are the lower growth rates, the relatively high unemployment rates, the insufficient level and the un-optimized structure of employment, and the social problems and differentiations between the EU countries. These weaknesses were singled out on the basis of statistical data and empirical analysis of the economic developments in the EU during the period 1970-2010, and mainly during the last twenty years. The structural weaknesses of regional economies are even more obvious in the process of integration and intensifying competition with third countries, especially in terms of intensive economic globalization. To overcome the highlighted economic and social problems we definitely need to take certain measures on national level as well as coordinated policies within the EU. Our efforts must be focused primarily on stimulating investments (particularly in advanced technologies), solving problems of the development of the European educational systems, development and implementation of environmental technologies. Thus we can achieve greater competitiveness and improve the quality and sustainability of economic growth in the EU and Bulgaria.

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  BEHAVIOUR AND RELATIONSHIPS WITHIN SOCIAL STRUCTURES

  The study reviews an issue that is both topical and universal - human potential and its development for the public welfare. This multi-aspectual issue is, of course, reviewed from our point of view. Our priority was to answer answer the following questions: - What unites us? - What makes us different? - What makes us human? - What is hidden ... The study reviews an issue that is both topical and universal - human potential and its development for the public welfare. This multi-aspectual issue is, of course, reviewed from our point of view. Our priority was to answer answer the following questions: - What unites us? - What makes us different? - What makes us human? - What is hidden behind the social curtain of behavioural acts related to our social potential? In ten sections we have tried to explain the behavioural acts that create an atmosphere of ambiguity and complicate social structure relationships.

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  ACCOUNTING OF FACTORING OPERATIONS IN COMMERCIAL BANKS

  In an effort to maintain their competitive advantage as intermediaries in various transactions between economic agents, banks significantly expanded the range of services they provide. Factoring operations are relatively new to our banking practice. In recent years there has been trend of increase in the number of banks offering this service ... In an effort to maintain their competitive advantage as intermediaries in various transactions between economic agents, banks significantly expanded the range of services they provide. Factoring operations are relatively new to our banking practice. In recent years there has been trend of increase in the number of banks offering this service (either directly or through subsidiaries). Commercial banks now face the problem how to manage properly this type of operations in order to minimize the associated risks. The paper makes an attempt to determine the importance of accounting systems as primary management tools in all businesses (including banks). For this aim it reviews various models for accounting of factoring operations in compliance with the current national legislation and the international accounting standards. Finally, it proposes guidelines for analyzing accounting information related to factoring operations as a tool for making rational managerial decisions regarding the financial stability and the overall management of banks.