Economics 21

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  FINANCIAL INNOVATION AND THE NEW REGULATION

  The majority of experts and practitioners share the opinion that one of the major reasons for the world financial crisis from the period 2007-2009 is the failure of the market regulation both as statutory framework and professional practice. Unfortunately, the traditional financial doctrine was not in position to adequately assess the high ... The majority of experts and practitioners share the opinion that one of the major reasons for the world financial crisis from the period 2007-2009 is the failure of the market regulation both as statutory framework and professional practice. Unfortunately, the traditional financial doctrine was not in position to adequately assess the high complexity of the modern financial markets. It did not address in detail the essence of the financial innovations and to a certain extent allowed the deregulation and market self-regulation and thus allowing the widespread of such innovations. This survey is an attempt (i) to respond to the need for better understanding of the financial innovations, (ii) to point out and analyze the regulatory challenges caused by the market dynamics and (iii) to assess the steps already taken. It is not by chance that the reforms of the regulatory framework played a major role in the post-crisis period. Their progress in the last two or three years has been remarkable but, in our opinion, there is still a lot left to be accomplished in this field.

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  STATE AND PROSPECTS FOR DEVELOPMENT OF LOGISTICS SECTOR CONCENTRATION IN BULGARIA

  Logistics sector concentration is viewed theoretically by deducing key characteristics that can be identified as essential in describing modern centres of logistics functions such as: location, size of areas, type of areas, technical specification, additional areas, infrastructure and services. Indicators for assessing the state and level of ... Logistics sector concentration is viewed theoretically by deducing key characteristics that can be identified as essential in describing modern centres of logistics functions such as: location, size of areas, type of areas, technical specification, additional areas, infrastructure and services. Indicators for assessing the state and level of logistics sector concentration are systematized through applying the grouping and averaging methods. On this basis, a study of the logistics sector concentration in Bulgaria is conducted and some prospects and opportunities for development are formulated.

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  ENTERPRISE RESTRUCTURING BY USING PROJECT MANAGEMENT METHODOLOGIES

  Nowadays restructuring is one of the essential trends practically in every en-terprise activities, focused on successful business, and it is also an effective market tool for increasing its competitiveness. Restructuring infers the systemic character of enterprise functioning optimization. It involves a multi-aspectual and interrelated set of ... Nowadays restructuring is one of the essential trends practically in every en-terprise activities, focused on successful business, and it is also an effective market tool for increasing its competitiveness. Restructuring infers the systemic character of enterprise functioning optimization. It involves a multi-aspectual and interrelated set of events, processes and methods starting with a complex diagnostics of the company and reaching to reorganization of both organizational structure and business processes based on the modern management approaches, including quality management methodology, business processes re-engineering, information technologies and systems. The aim of this publication is to help executives and managers to get a “quality vision” of the practical version of the preparation and implementation process of enterprise restructuring, in which the active or even passive use of some elements of the project management methodology will enable the successful realization of the intended restructuring programme.