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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  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.

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  Fixed Biological Assets – Specifics of Their Reporting and Related Problems

  The focus of this paper is on the specific features of fixed biological assets in terms of their measurement, reporting, tax treatment and disclosure. The objective of the article is to analyse the rules for and ap¬proaches to accounting of fixed biological assets in compliance with AS 41 Agriculture and IAS 41 Agriculture and hence to outline ... The focus of this paper is on the specific features of fixed biological assets in terms of their measurement, reporting, tax treatment and disclosure. The objective of the article is to analyse the rules for and ap¬proaches to accounting of fixed biological assets in compliance with AS 41 Agriculture and IAS 41 Agriculture and hence to outline solutions for creating and disclosing accounting information of improved quality.