scholarly journals Measures and Possible Support Solutions of the Sustainable European Economy in the Context of Actual Crises

2020 ◽  
Vol 3 (2) ◽  
pp. 93
Author(s):  
Otilia Manta
Keyword(s):  
Business Environment ◽  
State Aid ◽  
The European Union ◽  
Current Crisis ◽  
Funding Programs ◽  
Severe Recession ◽  
The Impact ◽  
Direct Measures ◽  
The Eu

The COVID-19 pandemic involves the major risk of a severe recession, and of the economic, financial, social, educational crises, which will affect the entire EU economy, with consequences for citizens, businesses, jobs, and households. In order to guarantee the continued availability of sufficient liquidity on the market, to counteract the damage caused to healthy enterprises and to maintain the continuity of economic activity during the epidemic and after the end of the COVID-19 pandemic, it is necessary to develop a plan of measures and solutions. supporting the European economy, both through direct measures of state aid, as well as through measures to support/develop/innovate the business environment through the EU funding programs allocated at the level of the Member States both in the period 2014-2020, but more elected 2021-2027, the effects of the current crisis being both short term, but especially in the medium and long term. Among the objectives pursued we propose: identification and proposal of state aid measures to support the economy in the context of the current epidemic of COVID-19 through close coordination at European level of the aid measures; estimating the impact of temporary state aid measures on the European economy through the intervention of the European Commission; and ways to attract European funds for the business environment through the European Union funding programs existing in the budget for the period 2014-2020, but especially for the period 2021-2027.

scholarly journals Economic-Engineering Modelling of the Buildings Sector to Study the Transition towards Deep Decarbonisation in the EU

Energies ◽  
2019 ◽  
Vol 12 (14) ◽  
pp. 2745 ◽  
Author(s):  
Fotiou ◽  
Vita ◽  
Capros
Keyword(s):  
Energy Efficiency ◽  
Electric Heating ◽  
Heat Pumps ◽  
Climatic Conditions ◽  
Mathematical Framework ◽  
The European Union ◽  
The Cost ◽  
The Impact ◽  
The Eu

The paper presents a newly developed economic-engineering model of the buildings sector and its implementation for all the European Union (EU) Member States (MS), designed to study in detail ambitious energy efficiency strategies and policies, in the context of deep decarbonisation in the long term. The model has been used to support the impact assessment study that accompanied the European Commission’s communication “A Clear Planet for All”, in November 2018. The model covers all EU countries with a fine resolution of building types, and represents agent decision-making in a complex and dynamic economic-engineering mathematical framework. Emphasis is given to behaviours driving the energy renovation of buildings and the ensuing choice of equipment for heating and cooling. The model represents several market and non-market policies that can influence energy decisions in buildings and promote deep energy renovation. Moreover, the paper presents key applications for supporting policies targeting ambitious reduction of energy consumption and carbon emissions in buildings across Europe. The results illustrate that the achievement of ambitious energy-efficiency targets in the long-term heavily depends on pursuing a fast and extensive renovation of existing buildings, at annual rates between 1.21% and 1.77% for the residential sector and between 0.92% to 1.35% for the services sector. In both cases, the renovation rates are far higher past trends. Strong policies aimed at removing non-market barriers are deemed necessary. Electrification constitutes a reasonable choice for deeply renovated buildings and, as a result, almost 50% of households chooses electric heating over gas heating in the long term. However, heat pumps need to exploit further their learning potential to be economical and implementable for the various climatic conditions in Europe. The results also show that the cost impacts are modest even if renovation and decarbonisation in buildings develop ambitiously in the EU. The reduced energy bills due to energy savings can almost offset the increasing capital expenditures. Fundraising difficulties and the cost of capital are, however, of concern.

ANTI-CRISIS SCENARIO TECHNOLOGIES OF SMALL BUSINESS MANAGEMENT IN THE PANDEMIC PERIOD

2020 ◽  
pp. 42-51
Author(s):  
Jacqueline M. Sarkisyan ◽  
◽  
Maya A. Tikhonova ◽  
Keyword(s):  
Small Business ◽  
Business Environment ◽  
Economic Consequences ◽  
Business Community ◽  
Current Crisis ◽  
Small Business Management ◽  
Difficult Times ◽  
The Impact ◽  
Scenario Approach

The article discusses the possibilities of applying the scenario approach to anti-crisis management in the short term. The object of the study is small business as the most affected business segment in the pandemic, which requires actions adequate to the current crisis situation within the framework of the formed set for the implementation of anti-crisis actions. This will reduce the impact of uncertainty and reduce the economic consequences of business interruptions or lower revenues, as well as design scenarios and corresponding strategies for overcoming the crisis or development strategies in order to renew the business in the long term after the crisis while maintaining control over the current situation, taking into account the requirements of a quick response. Scenarios are a useful tool for the innovation and business community anywhere, but in these difficult times they open up the mindset for positive and offensive action instead of defensive, threat-based behavior. The scenarios accommodated unexpected changes in the business environment.

scholarly journals AN OVERVIEW OF FISCAL CONSOLIDATION PROCESS IN THE EUROPEAN UNION

2014 ◽  
Author(s):  
Iulia Andreea Bucur ◽  
Mircea Muntean
Keyword(s):  
Sovereign Debt ◽  
The European Union ◽  
Fiscal Consolidation ◽  
Consolidation Process ◽  
Fiscal Effort ◽  
Eu Countries ◽  
Eu Member States ◽  
The Impact ◽  
The Eu

This paper aims to explore, based on theoretical and empirical research in the field and on data available on Eurostat and European Commission, in the context of financial significant imbalances and thus of the financial stress in the EU countries and especially in the Euro area, the main developments in the fiscal consolidation process given the fiscal effort of each country towards fiscal union. Since the financial crisis started in 2008, many EU Member States demonstrates an obvious macroeconomic imbalance which requires increased responsibility regarding fiscal developments. The impact of the crisis and the causes of sovereign debt high levels trends varied between EU countries as well as the budget deficit levels. Thus, the main priority for EU members must be the continuation of differentiated fiscal consolidation, given the specificities of each economy, favoring growth. The medium-term fiscal policy needs to focus on consolidating public finances along with restoring long-term sustainability.

Przezwyciężanie kryzysu w procesie integracji europejskiej, poprzez zmiany regulacji dotyczących rozliczalności w podejmowaniu decyzji w UE, w wymiarze makroekonomicznym i fiskalnym

2016 ◽  
pp. 10-23
Author(s):  
Anna Sroka
Keyword(s):  
European Union ◽  
Democratic Deficit ◽  
The European Union ◽  
Integration Process ◽  
Quality Of Democracy ◽  
Research Questions ◽  
The Impact ◽  
The Eu

This article concerns the impact of the crisis on the manner in which the European Union functions, with particular attention paid to the issue of accountability. The analysis of particular legal solutions adopted since the eruption of the economic crisis enables capturing of the changes that have occurred with respect to the functioning of democracy in the EU. This facilitates the search for an answer to the following research questions: during times of crisis, do transformations lead to improvements in the quality of democracy, or do they rather deepen the existing democratic deficit, particularly in respect of accountability? Are modifications to mechanisms governing the functioning of democracy in the EU helping to overcome both shortand long-term crises in the integration process? In order to find answers to these questions, an analysis has been performed of the changes made to regulations addressing governance in the European Union in the macroeconomic and fiscal sphere implemented between 2008 and 2013.

scholarly journals UEFA and the European Union: From Confrontation to Co-operation?

2007 ◽  
Vol 3 (3) ◽  
pp. 202-223
Author(s):  
Borja García
Keyword(s):  
Special Focus ◽  
European Law ◽  
The European Union ◽  
Strategic Partner ◽  
Governing Body ◽  
Elite Interviews ◽  
Relationship Of ◽  
The Impact ◽  
The Eu

This article investigates the relationship between UEFA, as European football’s governing body, and the EU. It assesses the evolution of UEFA as a football governing body since the Bosman ruling (1995) until current initiatives such as the rules on locally-trained players (2005-2006). The paper traces the evolution of UEFA’s reactions to the increasing involvement of EU institutions in football matters, with special focus on the regulation of the players’ market. It is argued that UEFA’s attitude towards the EU has changed in the last ten years. Whilst the EU was seen as a threat for UEFA in 1995, it is now considered a ‘long term strategic partner’. Two main reasons can be identified for UEFA’s evolution. First and foremost, UEFA has been forced to accept the primacy of European law and its application to the activities of football organisations. UEFA has had no option but to adapt to the impact of European law and policies on its activities. This has lead to a relationship of ‘supervised’ autonomy between UEFA and the EU institutions. Second, UEFA’s strategic vision to preserve its own position within the governance structures of football. UEFA has tried to enhance its legitimacy within football’s governing structures by engaging in policy co-operation with EU authorities. This paper draws almost entirely on empirical research conducted through elite interviews and the review of official documents.

scholarly journals THE IMPACT OF THE INTEGRATION ASSOCIATIONS ON THE DEVELOPMENT OF THE EXPORT POTENTIAL OF UKRAINE

2017 ◽  
pp. 65-76
Author(s):  
Oksana DESYATNYUK ◽  
Vasyl VOITSESHYN
Keyword(s):  
Regional Integration ◽  
Cross Correlation ◽  
Negative Impact ◽  
Political Crisis ◽  
The European Union ◽  
Full Member ◽  
The Military ◽  
The Impact ◽  
The Eu

Introduction. The development of the economy of Ukraine is directly determined by the value of the export of products, in particular, in the long-term perspective, that is, in the future, which is expressed in the export potential, which allows us to assess the level of the economic power of the state and the ability to furtherits development. The deepening of the economic integration of Ukraine, expressed in its participation in the integration associations, when Ukraine has recently become a full member of the European Union (EU) , actualizes the issue ofthe development ofits exportpotential, afterall, the Ukraine's membership in the EU obliges it to implement its norms into the national economy, including the trade (as certifies by the participation of Ukraine in the World Trade Organization (WTO), which directly affects on its export. Purpose. This research sets up an assessment ofthe impact ofthe membership of Ukraine in the WTO and the EU, in part ofits contractual commitments on its exportpotential. Methods. In this research we used a cross-correlation and a correlation-regression analysis. Results. In the course of this research we found that the effect ofthe membership of Ukraine in the WTO and the EU on the export potential is controversial, because with the expansion of the partnership and the sales markets ofthe products and the strengthening ofits competitiveness, a crisis has emerged in the Ukrainian economy generated by a regional integration, which has had a negative impact on the export potential of Ukraine. Conclusion. This research proposes following conclusions and recommendations for improving the impact ofintegration associations on the development of the export potential of Ukraine: • the search forsolutions to the military-political crisis in Ukraine; • trade liberalization in the context ofthe gradual abolition of export duties on goods with the addition ofa new schedule ofremovating ofthe export duties.

scholarly journals The Effect of the Financial Crisis on the Taxation of Consumption, Labour, and Capital in the European Union

2013 ◽  
Vol 16 (3) ◽  
pp. 29-47
Author(s):  
Anna Krajewska
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Tax Burden ◽  
The European Union ◽  
Effective Tax Rate ◽  
Current Crisis ◽  
Tax Rate ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

The impact of the current financial crisis on changes in the taxation of consumption, labour, and capital in the European Union. The responses reflected in the tax policies pursued in the EU countries to the current crisis will be analysed in three ways: 1. Distribution of total tax burden by economic function, i.e. assessment of the share of taxes on consumption, labour, and capital in relation to GDP and total tax revenues. Therefore, the analysis will cover backward-looking ta Xburden indicators; 2. Analysis of trends in the implicit tax rate (ITR) on consumption, labour and capital. The ITR is an indicator which expresses the relation of tax burdens levied on different activities to total revenue from this activity. The ITR takes into account the legislation and the resulting tax burden(s) which may affect the behaviour of various entities and their decisions. This approach is described as forward-looking effective tax rate; 3. Trends in the EU countries are compared with the changes taking place in Poland. This includes an explanation of the specificity of the fiscal policy pursued in Poland. 4. For the purpose of this paper we used statistics prepared according to the methodology adopted by the European Commission, published in “Taxation trends in the European Union”, Eurostat 2012.  

scholarly journals Evaluation of the Impact of the EU Structural Support on the Competitiveness of Lithuanian Economics

2016 ◽  
Vol 10 (1) ◽  
pp. 1-11 ◽  
Author(s):  
Rita Remeikiene ◽  
Ligita Gaspareniene
Keyword(s):  
Positive Impact ◽  
Research Problem ◽  
Necessary Condition ◽  
Successful Implementation ◽  
The European Union ◽  
Structural Support ◽  
Knowledge Based Economy ◽  
The Impact ◽  
The Eu

Abstract The topic of competitiveness is becoming increasingly significant in the context of modern economics. Considering intensive processes of globalisation alongside with competitive pressure amongst the countries, competitiveness has become a necessary condition for successful economic and social development of any country. Only by creating, enforcing and maintaining international competitiveness of the country, rapid economic growth during the long term is achievable. Amongst the other urgent issues, the European Union (further the EU) public policies are also focused on competitiveness. After the failure to implement the Lisbon strategy and become “the most dynamic and competitive knowledge-based economy”, the EU declared its new competitiveness aims in the long-term strategy Europe 2020. Promotion of competitiveness is one of the fundamental aims and priority directions of the EU structural policy. The EU structural support is engaged as one of the public policy measures to promote the competitiveness of the member-states. In this context, it is purposeful to research whether the structural support is used efficiently and whether it actually contributes to the implementation of the defined aims. Under the order of various Lithuanian institutions, numerous studies on the efficiency of the EU structural support have been carried out. Nevertheless, by analysing the impact of the EU structural support, insufficient attention has been paid to the aspect of competitiveness. Considering the fact that Lithuania has entered the third programming period 2014-2020, evaluation of the EU structural investment in the country has become even more topical - for successful implementation of the aims raised for this new period, the analysis of the previous results is relevant. This determined formulation of the research problem: what impact does the EU structural support have on the competitiveness of Lithuanian economics? The empirical research has revealed that the EU structural support has a positive impact on Lithuanian gross domestic product growth, promotes foreign direct investment, research and development expenditure and increases the number of operating entities during 2004-2014 period.

scholarly journals The impact of the migration crisis for the implementation of the budget of the European Union

2019 ◽  
Vol 7 (3) ◽  
pp. 111-115
Author(s):  
Сергей Пузырев ◽  
Sergey Puzyrev
Keyword(s):  
European Union ◽  
Forced Migration ◽  
The European Union ◽  
Budget Management ◽  
Budget Policy ◽  
Migration Crisis ◽  
The Impact ◽  
European Migration ◽  
The Eu

Since spring 2015, the situation with forced migration in the European Union has become perceived in terms of the crisis, which determined the need to develop a European migration program in 2015 to resolve current, medium-term and long-term tasks in this area. These operational measures determined the need for amendments to the annual budget of the Union for 2015 and laid the foundations for increasing the expenditure budget of the EU in 2016 and 2017. The article presented an analysis of the migration situation and budget management of the European Union from 2015 to 2017. With the objectives of identifying the patterns of development of the EU budget policy in the aspect of the long-term management of the European migration crisis.

scholarly journals The influence of national culture on the compensation system in selected countries

2021 ◽  
pp. 3-20
Author(s):  
Dimitrije Gašić
Keyword(s):  
National Culture ◽  
Compensation System ◽  
Business Success ◽  
Incentive Pay ◽  
The European Union ◽  
Short Term ◽  
The World ◽  
The Impact ◽  
The Eu

The escalating pace of globalization affects the increased need of organizations to develop effective compensation programs. Business cannot be imagined without one of the key things and that is human resources. Creative and productive employees are of great importance for the success of any organization. For the satisfaction and loyalty of employees, the compensation system, which consists of basic pay, incentive pay, and benefits, is of key importance. The goal of the compensation system is to simultaneously ensure the main goals of employees and employers, i.e. the purchasing power and satisfaction of employees, as well as the business success of the company. In times of crisis, determining the amount of basic pay, selecting adequate incentives, and offering various benefits became especially important. The aim of this paper is to present the basic elements of the compensation system in twenty countries around the world and to analyze the impact of national culture on the compensation system. The paper will present the following dimensions of national culture according to Hofstede's classification: distance from power, individualism versus collectivism, male versus female cultures, avoidance of uncertainty, long-term versus short-term orientation, compliant versus restrained cultures. The analysis included twenty countries around the world, which are grouped as follows: the first 8 countries are members of the EU, the other 6 countries are located in the CEE region and the last 6 countries represent very important countries around the world. The paper determines the influence of the dimensions of national culture on the compensation system in selected countries from the European Union, the region of Central and Eastern Europe, and other countries, the paper is the basis for further research in this area.

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