Romania's Foreign Trade and of Other Former Communist Countries in 2003-2012

2014 ◽  
Vol 3 (3) ◽  
pp. 19-31
Author(s):  
Marian Zaharia ◽  
Aniela Balacescu ◽  
Radu Serban Zaharia
Keyword(s):  
Czech Republic ◽  
Statistical Analysis ◽  
Foreign Trade ◽  
Economic Crisis ◽  
Significant Decline ◽  
Eu Countries ◽  
Comparative Statistical Analysis ◽  
Communist Countries ◽  
The Impact ◽  
The Eu

During 2003-2012, economies of most EU countries, have gone through periods of growth and decline, the most significant decline being recorded in 2009, due to strong economic crisis which has affect the EU and not only. The main purpose of this article is to assess the impact that the economic crisis has had on each of the five former communist countries analyzed, namely Romania, Czech Republic, Poland, Hungary and Bulgaria. This study is a comparative statistical analysis of evolutions of the volumes of exports and imports both within EU and outside. It also, are analyzed their trade balances evolutions, and were identified, for three of them, among which Romania, valid models of evolution for the period under review.

Romania's Foreign Trade and of Other Former Communist Countries in 2003-2012

2016 ◽  
pp. 1177-1189
Author(s):  
Marian Zaharia ◽  
Aniela Balacescu ◽  
Radu Serban Zaharia
Keyword(s):  
Czech Republic ◽  
Statistical Analysis ◽  
Foreign Trade ◽  
Economic Crisis ◽  
Significant Decline ◽  
Eu Countries ◽  
Comparative Statistical Analysis ◽  
Communist Countries ◽  
The Impact ◽  
The Eu

During 2003-2012, economies of most EU countries, have gone through periods of growth and decline, the most significant decline being recorded in 2009, due to strong economic crisis which has affect the EU and not only. The main purpose of this article is to assess the impact that the economic crisis has had on each of the five former communist countries analyzed, namely Romania, Czech Republic, Poland, Hungary and Bulgaria. This study is a comparative statistical analysis of evolutions of the volumes of exports and imports both within EU and outside. It also, are analyzed their trade balances evolutions, and were identified, for three of them, among which Romania, valid models of evolution for the period under review.

scholarly journals Interest Limitation Rule Under ATAD: Case of the Czech Republic

2021 ◽  
Vol 12 (2) ◽  
pp. 121-134
Author(s):  
Aneta Pivoňková ◽  
Jana Tepperová
Keyword(s):  
Czech Republic ◽  
Tax Avoidance ◽  
Safe Haven ◽  
The Czech Republic ◽  
Common Rule ◽  
Borrowing Costs ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

Abstract The anti-tax avoidance directive (ATAD) implemented in the EU countries in 2019 has brought, among other things, a common rule for tax-deductibility of exceeding borrowing costs of corporate taxpayers – the interest limitation rule. For interest limitation, the Czech Republic had so far used the so-called safe haven thin capitalisation rule. With the implementation of ATAD, companies need to test not only the thin capitalisation rule but also the new interest limitation rule according to ATAD. This paper aims to review the impact of the new interest limitation rule on the 200 largest Czech companies by their 2017 revenue as recorded in the Albertina database. Results covering the new rules, i.e. following the ATAD implementation, are being compared to the situation before the implementation. Most of the analysed companies seem unaffected by the new interest limitation rule. The analysis also showed that most of the analysed companies do not imply exceeding borrowing costs, either before or following the ATAD implementation.

Economic Crisis and Its Effects on International Trade

2021 ◽  
pp. 66-84
Author(s):  
Miloš Parežanin ◽  
Dragana Kragulj ◽  
Sandra Jednak
Keyword(s):  
Foreign Direct Investment ◽  
International Trade ◽  
Economic Crisis ◽  
Direct Investment ◽  
Trade Flows ◽  
Balance Of Payments ◽  
Current Crisis ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

The aim of this chapter is to analyse the effects of the economic crisis on the trade among the Southeastern European (SEE) countries. The countries were divided into two groups: the EU countries and non-EU countries. Macroeconomic performances and international trade indicators of the 11 observed countries were analysed for the period 2007-2019, and the effects of the economic crisis were present in all the observed countries, particularly the effects on the export performances. The crisis also affected the entire import of the non-EU countries. The EU countries recovered from the crisis faster than the non-EU countries. However, the non-EU countries achieved a more significant inflow of foreign direct investment in the post-crisis period, which significantly improved the position of the balance of payments in these countries. The observed countries had managed to stabilise their trade flows all until the beginning of the COVID-19 crisis. The impact of the current crisis on these countries remains to be estimated in the future.

scholarly journals Dynamics of Producing Renewable Energy in Poland and EU-28 Countries within the Period of 2004–2012

2015 ◽  
Vol 15 (2) ◽  
pp. 167-176 ◽  
Author(s):  
Karol Kukuła
Keyword(s):  
Renewable Energy ◽  
Statistical Analysis ◽  
Energy Resources ◽  
Total Production ◽  
Renewable Energy Resources ◽  
Eu Countries ◽  
Catch Up ◽  
Comparative Statistical Analysis ◽  
Near Future ◽  
The Eu

Abstract The paper presents the estimation of trends describing the level of renewable energy resources in Poland and in EU-28 countries within the years 2004–2012. The process of the increase of the percentage of renewable energy in total production of energy was also presented. Comparative statistical analysis was carried out within the dynamics of the phenomena discussed in the paper with respect both to Poland and EU countries. It follows from the investigation that both in Poland and in the EU countries the increase in renewable energy resources has been observed. However, the rate of the increase of the level of renewable energy in Poland is not enough to catch up with the leading EU countries in near future.

scholarly journals The Economic Development in the Context of the Development of Foreign Trade in Poland – a Comparison to some EU Countries

2017 ◽  
Vol 17(32) (4) ◽  
pp. 271-279
Author(s):  
Anna Rytko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Trade ◽  
Test Methods ◽  
Product Diversification ◽  
Indexing Methods ◽  
Eu Countries ◽  
Export Structure ◽  
The Impact ◽  
The Eu

The themes of the impact of foreign trade on economic growth has been repeatedly assumed by investigators and were most often related to various aspects: the openness of the economies, economic prosperity, competitiveness and diversification of export. The objective of the research was the evaluation of changes in economic development and the development of foreign trade in Poland comparing them with the EU and some EU countries. Particular attention was given to the issue of diversification and competitiveness of exports by putting the hypothesis that the greater product diversification of Polish export, the greater its competitiveness, which leads to economic growth. The work uses the following test methods: descriptive methods, statistical methods, the indexing methods of which Indicator of the Absolute Deviations and Revealed Comparative Advantages were calculated. Export diversification can lead to speeding up the pace of economic growth. By analyzing in detail the situations in Poland can conclude that it is advisable to diversify of the export structure.

scholarly journals REAL CONVERGENCE AND EUROPEAN INTEGRATION WITH FOCUS ON THE NEW MEMBER STATES

2019 ◽  
pp. 215-228 ◽  
Author(s):  
Ovidiu Stoica ◽  
Angela Roman ◽  
Delia-Elena Diaconaşu
Keyword(s):  
Economic Crisis ◽  
Member States ◽  
Eu Countries ◽  
Eu Member States ◽  
Real Convergence ◽  
Convergence Process ◽  
Global Economic Crisis ◽  
The Impact ◽  
New Eu Member States ◽  
The Eu

Our paper aims to analyse the dynamics of real economic convergence and the impact of several macroeconomic and institutional factors on this process, within the EU countries for the period 1995-2018. Employing cross-sectional and panel data techniques, this paper examines both the level and dynamics of absolute and conditional convergence within the EU28 countries and identifies key drivers of economic growth within the EU28 and subsequent groups (the EU15 versus New EU Member States group), by taking into consideration the impact of the recent global economic crisis. We find that the real convergence process is quite uneven and unstable over the 1995-2018 period. Our results confirm the negative effects of the recent global economic crisis on per capita GDP growth, suggesting a weakening of the convergence process at the EU28 level, especially at the level of New EU Member States. In addition, we find that investment, the openness of the economy and the quality of the institutional framework represent the main drivers of real convergence within the EU countries.

scholarly journals Effect of the 2008–2009 economic crisis on the results of agricultural foreign trade of the Czech Republic

2011 ◽  
Vol 57 (No. 5) ◽  
pp. 226-231 ◽  
Author(s):  
J. Burianová
Keyword(s):  
Czech Republic ◽  
Foreign Trade ◽  
Economic Crisis ◽  
Comparative Advantage ◽  
Foreign Markets ◽  
The Czech Republic ◽  
The Past ◽  
European Area ◽  
Net Exports ◽  
The Eu

After accession of the Czech Republic to the EU in 2004, the volume of agricultural foreign trade (AFT) in the CR increased significantly. In the past two years, the trend has changed under the influence of the global economic crisis affecting the European area. The first part of the paper is focused on the overall development in the period of 2004–2009. To assess the competitiveness of agrarian commodities in foreign markets in 2008–2009, an analysis was carried out with the use of the Balassa RCA Indicator (Revealed Comparative Advantage) and also Michaely Index, which indicates a certain degree of specialization in exports. A logarithmic method, which allows determining the influence of prices and quantities on the change in net exports during these years, has also been used.  

scholarly journals Importance of intrastat in EU intra-Community trade

2008 ◽  
Vol 56 (3) ◽  
pp. 175-186 ◽  
Author(s):  
Radmila Presová ◽  
Oldřich Tvrdoň ◽  
Andrea Živělová
Keyword(s):  
Czech Republic ◽  
Foreign Trade ◽  
Statistical Data ◽  
Legal Regulation ◽  
Motor Vehicles ◽  
The Czech Republic ◽  
Eu Countries ◽  
Mutual Trade ◽  
Important Trade Partner ◽  
The Eu

The paper deals with the importance of Intrastat and Eurostat for mutual trade with goods between EU countries and third countries. It informs about the importance of statistical data for all legal forms of trade companies, multinational companies, public administration institutions and service businesses. It points out that accepting the Czech Republic as a member of EU changed the use of terminology in foreign trade. For goods transactions between EU member states the terms sending and receiving are used, whereas the traditional terminology export – import is used for foreign trade with the third countries.Paper describes legal regulations including the instructions for statistical data records, specifically the Directive of the European parliament and Council No. 638/2004, appended by the Commission directive No. 1980/2004 and Public notice of the Czech statistical office from 18th May, 2005. Based on the retrospective view it shows the development of legal regulation and the importance of quo­ted directive for determining and recording statistical data. It notifies that statistical data are necessary for recognition of the course of integration of the internal market, formation of agricultural policy and adopting anti-dumping measures. Paper acquaints with organisation of statistics within the Euro­pean Union. It also notifies that statistical system includes also the countries of Iceland, Norway, and Liechtenstein.Results of foreign trade in 2007 show the involvement of the Czech Republic in mutual trade with the EU countries, to which 85.22 % of the total value of exported goods was sent, which represents the amount of CZK 194 056 per inhabitant of the Czech Republic. In the same year, goods of the total share of 69.90 % was received from the EU countries, which represents the amount of CZK 162 021 per inhabitant. Our most important trade partner is Germany, with which we have reached the turnover of CZK 1 429 986. According to the goods nomenclature, the highest share was exported in the case of motor vehicles (18.25 %), and machines and equipment (11.90 %).Calculation was done using the method of vertical and horizontal analysis. Authors got to the conclusion, that the use of these methods only is insufficient for evaluation of the mutual trade relations’ dynamics. Total values have to be recalculated to a comparable indicator, which is one inhabitant of a particular country.

scholarly journals THE IMPACT OF TRADE LIBERALIZATION OF BOSNIA AND HERZEGOVINA’S EXPORT TO EUROPEAN UNION

2019 ◽  
Vol 17 (1) ◽  
Author(s):  
Haris Omerika ◽  
Mehmedalija Hadžović
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Trade Liberalization ◽  
Bosnia And Herzegovina ◽  
The European Union ◽  
Western Balkans ◽  
New Paradigm ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

One of the basic and strategic goals of post-war Bosnia and Herzegovina is a full membership in the European Union. During 1992-1995, Bosnia and Herzegovina has passed through one of the most difficult periods in its’ history. The war has completely devastated the economical structure and the aftermaths were visible in the following years. As a new paradigm, the European Union appears. The European Union has helped the Western Balkans countries to overcome national tensions and offered them a new perspective; new regional and european integrations should be a new, historical chance for them. In the light of this, the focus of this paper is the impact of trade liberalization between the European Union and Bosnia and Herzegovina on the export from Bosnia and Herzegovina to European Union. The above mentioned impact has been observed in the period of eleven years. The total export amount of Bosnia and Herzegovina in 2015 was 4,6 billion euros, while the amount of the import was 8,1 billion euros, which makes nearly 60% in favor of import. Traditionally, Bosnia and Herzegovina’s most important foreign trade partner is the European Union where Bosnia and Herzegovina has a deficit in foreign trade. The portion of export to EU during 2015 was 71,79% while the portion of import was 60,85%. The coverage of import over export was 66,89%. In the period of 2005-2015, most of the products have been placed to markets in Croatia, Germany, Italy, and Serbia, which is not the EU member. The process of trade liberalization in 2015 has resulted in surplus of trade with certain EU countries; Austria, Luxembourg and Estonia while the decrease in trade has been recorded with Germany, Slovenia and Czech Republic. Regarding the export, Bosnia and Herzegovina mailny places products which have labour-intensive character. In the econometrics analysis, extented gravitational models of trade have been placed. Besides the abovementioned, the following econometrical techinques have been used: panel data models (PD), fixed effecs models (RE) and panel corrected standard errors (PCSE). In addition, Hausman test has been applied. According to the analysis that has been carried out, the following has been concluded; InGDPi, InGDPj and InDISTij variables are statistically important on the level of 5% in the period of gradual liberalization. The SSP1 an EK variables are not siginificant.In the other moder, in the period of complete liberalization InGDPi, InGDPj and SSP2 variables have a significant impact on a dependent variable on a level of 5%. InDISTij and EK variables have a significant impact on a level od 5% as well. The above mentioned result confirm the research hypothesis; trade liberalization has a significant impact on the export of Bosnia and Herzegovina to the EU. The basic limit of this research can be a relatively short observation period, caused by the fact that the data of merchandise trade between Bosnia and Herzegovina and EU countries until 2005 are not accessible.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

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