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Goolbahor Karimova
ANALYSIS OF INTERNATIONAL EXPERIENCE OF ATTRACTING FOREIGN INVESTMENTS
Summary:
The article considers foreign experience of attracting foreign investments by the example of the countries that most successfully attract foreign investments, and at the same time are the main countries investing in the economy of the Republic of Uzbekistan. The policy of attracting foreign investments to the Republic of Uzbekistan is being considered. Analyzed reg-ulatory legal acts, considered free economic zones, as a method of attracting foreign investment in the Republic of Uzbekistan. The conclusion of a com-parative analysis of the effectiveness of investment policy and their features in the context of countries is given.
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Velichko Adamov
Anatomy of capital provision of investments
Summary:
Capital provision of investments requires serious financial revision of the balance sheet and the statement of income. In this respect, what is justified in this article is the need for structuring and designing a financial statement of the companies, which gives the major indicators, necessary for efficient financial provision and management of investments. A critical analysis of the minimal financial balance has been made and the need for using actual financial equilibrium has been proved. In this way, sound company management is impossible without the constant provision of long-term capital for financing a part of short-term investments.
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Denitsa Zagorcheva, Y. Velcheva
BUDGET DECENTRALISATION AS A FACTOR FOR THE SIMULTANEOUS DEVELOPMENT OF MUNICIPALITIES
AND THE INDUSTRIAL BUSINESS
Summary:
The article presents the results of a study on budget decentralisation and its effects on the development of municipalities and the industrial business. The objective is to reveal the relationship and interdependence between municipalities’ own-source revenues, which are characteristic of their financial and investment policies, and the extent to which industries are developed on their territories. The development of the industrial business is not directly affected, however, by the investment policy of the municipalities. Nevertheless, it contributes greatly to the increase of their own-source revenues.
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Ouhinou Amine, Elhachimi Zineb, Kartobi Eddine
STUDY OF THE BEHAVIOURAL DETERMINANTS OF INVESTMENT IN THE ERA OF THE COVID-19 PANDEMIC AMONG SOCIALLY RESPONSIBLE INVESTORS IN MOROCCO
Summary:
Behavioral economics shows the important role of behavio¬ral and psychological determinants in explaining investment decisions and market anomalies. This study aims to examine the behavior of socially res¬ponsible individual investors in Morocco in the era of the COVID-19 crisis. This paper contributes to the existing literature on behavioral economics in the Moroccan context. To this end, we conducted a survey of socially responsible investors in Morocco after the initial phase of this pandemic between August and October 2022. The data was gathered through the use of a questionnaire. They were analysed to identify the psychological aspects that may influence socially responsible investors’ investment decisions. The SPSS 21 software package was used to perform Cronbach Alpha, factor analysis, descriptive analysis, and multiple regression procedures. This article aims to investigate the psychological features of behaviour in reaction to fear, risk propensity, risk perception, market volatility anxiety, herd behaviour and the impact of vaccination updates. The results found showed that during the COVID-19 pandemic, behavior responses to fear, market volatility anxiety, risk propen¬sity, and herd behavior influenced the decision-making of socially responsible investors in Morocco.
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Lia Kekelidze
THE INVESTMENT ENVIRONMENT AND THE PROBLEMS
OF ORIGINATION OF INVESTORS’ OWNERSHIP OVER REAL ESTATE IN GEORGIA
Summary:
In this research of the Investment Environment and the Problems of Origination of Investors’ Ownership over Real Estate in Georgia we have discussed importance of attraction of the direct foreign investments and the problems existing in the economy of Georgia. Besides, we have analyzed the direct foreign investments based on the statistic data and proved the effective role of the direct foreign investments in stimulation of the Georgian economy. In our research we have analyzed the problematic aspects preventing attraction of investments in Georgia. Also we have considered the ways and methods promoting influx of direct foreign investments in Georgia. The main accent is made on the Georgian legislative basis.
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Nikoleta Karamileva
CLIMATE INVESTMENTS IN BULGARIA – POTENTIAL AND EMPIRICAL EVIDENCE
Summary:
The study aims to establish the relationships between produc¬tion and climate indicators in order to design a financial weather instrument in order to reduce the volatility of the financial performance of farmers in the region of Dobruja. For this purpose, a simulated weather derivative was designed and approbated making the relevant assumptions and constraints to mitigate the negative effects of changes in the levels of precipitation, the drought frequency, and the increasing climatic amplitudes on cereal crops. Its effectiveness is assessed taking into account the varying temperature and production and business performance of the agricultural producers. Last but not least, the study presents a critical review of the conditions required for the operation of this type of financial market in our country.
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Dimitar Blagoev, Radostin Boyadzhiev
METHODOLOGICAL ASPECTS OF MANAGEMENT OF PORTFOLIOS OF INVESTMENT PROJECTS FOR REAL ASSETS OF BUSINESS ORGANIZATIONS
Summary:
The article aims to present the potential of the classical portfolio theory and the possibilities for its application in the formation and selection of a portfolio of investment projects for investment in real assets. For this purpose, it reviews and summarizes the views of various authors on key concepts, such as investment, project, investment project, etc. The essential conceptual characteristics of portfolio theory are defined in terms of its methodological and mathematical toolbox and subsequently adapted to a conceptual model (methodological framework) for selection of a portfolio of investment projects for real assets and its optimization according to key criteria set by the management. Finally, its draws conclusions regarding the main advantages and the related constraints of the methodological model.
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Danail Vrachovski
Multi-fund organization of supplementary pension
Summary:
The article is an attempt to study the major issues related to the multi-fund organisation of the pension insurance system in Chile as a social protection model. In a strategic and hypothetical aspect the article reviews, the advantages and disadvantages which may accompany the introduction of the multi-fund system in Bulgaria. The major conclusions regarding the pension model in Bulgaria are related to the opportunities ensuring funds for the supplementary pension insurance at the stages of accumulation and payment of pension benefits.
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Lyubomir Dimitrov
A PORTFOLIO METHOD FOR INTERNATIONAL REAL ESTATE INVESTMENTS
Summary:
The article analyzes the possibility of improving the risk/return characteristics of an international real estate investment portfolio via the acquisition of residential offshore properties. It takes the perspective of the American investor. First, the index DOKHPI is constructed to measure annual changes in property prices in the Cayman Islands and appreciation returns. After the addition of the rental income yields, the estimated total annual returns are included in a mixed portfolio composed of American and Caymanian residential real estate assets. The benefit of investing in offshore real estate is demonstrated by the construction of efficient frontier and correlation matrix.
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Ilhomjon Ergashov
INCREASING INNOVATION POTENTIAL AND INVESTMENT ACTIVITY IN THE DEVELOPMENT OF EFFECTIVE ENTREPRENEURSHIP
Summary:
From the experience of forming the economic system based on market relations, it is known that innovation potential and investment are one of the mechanisms that move the system. Particularly, foreign investment is characterized by the fact that the country has a considerable source of capital in the country's economy, the problem of financing, the problem of material security in the process of launching new investment projects in some sectors of the economy and solving other key issues.
In order to address the aforementioned issues in the article, it is necessary to involve foreign capital as much as possible, especially in the region's economy, to make new proposals for investing in foreign investors and to attract the investments based on new innovative projects. This article analyzes the factors influencing the development of entrepreneurial activity, and develops scientifically grounded recommendations and recommendations for raising their innovative potential and investment activity under competitive conditions.
