Economic Archive

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  Electricity Market Regulation – a Hindrance or a Necessity

  Over the past thirty years we have been witnessing radical changes in the organizational structure of electricity markets worldwide. The vertically -integrated structures (VIS), typical of this industry, have disinte¬grated into small and independent companies to stimulate competition. A milestone in reforming the electricity markets was the ... Over the past thirty years we have been witnessing radical changes in the organizational structure of electricity markets worldwide. The vertically -integrated structures (VIS), typical of this industry, have disinte¬grated into small and independent companies to stimulate competition. A milestone in reforming the electricity markets was the establishment of a regulatory body and regulatory mechanisms that accompany the process of liberalization. However, are these mechanisms and regulation in general required? The purpose of this article is to find an answer to this question. The research area is the regulation of energy markets as a method for increasing the efficiency of companies and market operation. The research subject focuses on the different regulatory mechanisms used in the electricity markets in the EU and Bulgaria. The analysis made gives us grounds to identify an objective need for regulation of the electricity markets. Two of the four segments of the market, and namely transmission and distribution of electricity need regulation. The regulation of the other two segments, production and supply, should be limited to a minimum.

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  Some Key Issues Regarding the Provision of Solvency in the Enterprise

  Liquidity indicators are among the most common and popular financial indicators of solvency in the enterprise. Besides the most commonly used liquidity ratios, the financial cycle provides an additional opportunity to measure the period of total asset turnover and solvency of the company. The purpose of this article is to outline some major issues ... Liquidity indicators are among the most common and popular financial indicators of solvency in the enterprise. Besides the most commonly used liquidity ratios, the financial cycle provides an additional opportunity to measure the period of total asset turnover and solvency of the company. The purpose of this article is to outline some major issues related to ensuring solvency by taking a range of measures. The problem with the supply of liquidity often stands open for most economic agents, especially during the financial and economic crisis of 21st century. The tasks which are placed are: identification of best practices and formulation of innovative methods in managing the financial cycle in the enterprise and liquidity in general. The research thesis is supported by the claim that liquidity ratios do not provide sufficient information about the payment status of the enterprise for not con-sidering the period of turnover. It is therefore necessary to analyze the state of the financial cycle and implement measures in relation to the improvement of both indicators.

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  Banking Security – Major Manifestations and Aspects

  The article aims to explore the challenges facing the banking security at the beginning of the new millennium, with a special emphasis on new manifestations of threats to the orderly functioning of the banking institutions. In this aspect, the research thesis that stands out is that threats to banking security reflect changes in the economic, ... The article aims to explore the challenges facing the banking security at the beginning of the new millennium, with a special emphasis on new manifestations of threats to the orderly functioning of the banking institutions. In this aspect, the research thesis that stands out is that threats to banking security reflect changes in the economic, technological and organizational environment in which commercial banks operate. Banking security is seen as a commitment of the banking institution to ensure safe storage and management of their own assets and their clients' as-sets and the related information, as well as ensure the physical security and safety of clients and employees in the bank offices. The main aspects of banking security are related to provision of physical safety of bank assets, employees and customers; providing information safety of bank assets, as well as the related to management information; providing economic (financial) security of the banking institution.