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DEVELOPMENT OF HOUSING LOANS IN BULGARIA
Proper management of the loan portfolio by commercial banks is
particularly important to avoid generating credit risks that threaten the stability of
banks and the financial system as a whole. In Bulgaria, after the COVID crisis of
2020, there has been a significant acceleration in the growth rate of banks' loan
portfolios, which are expanding mainly in the direction of housing loans. These
accelerating rates require close monitoring and even administrative measures and
requirements by the central bank to limit the build-up of risks. The analyses housing
loans’ dynamics, which are outpacing the growth of other types of loans such as
consumer loans and loans to non-financial corporations, which are presumably
drawn for productive purposes. The results of the analysis show that the growth
rate of hosing loans reached 25.9% in Q3 2024, a growth rate that has not been
recorded in the last 15 years since the global crisis hit Bulgaria. Despite its
acceleration, the share of housing loans in GDP is still at a much lower level in
Bulgaria than in the euro area. Thanks to the BNB's stricter macroprudential
requirements, risks in the banking system are being managed, but close analysis
and monitoring of the housing loans market should continue.
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ON THE PSYCHOLOGICAL DETERMINANT OF PERSONNEL
MANAGEMENT
The article "On the Psychological Determinant of Personnel
Management" discusses three issues: 1 The human subsystem as the main
component of the company; 2. The psychological types and characteristics of
humans; 3. Scientists on the importance of the psycho-physiological state of
humans in the labor process. In the first issue, the three subsystems of the company
are compared - the material, the organizational, the human, and the conclusion is
that only the human system can "bring to life" the material and organizational
subsystems and is thus the company's most valuable asset.
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INFLATION 2022 - CIRCUMSTANCES, CHALLENGES, IMPACT
SELECTED PAPERS
The ninth annual scientific conference of the Monetary and Economic Research Center (MRC) was held from the 18th to the 20th of September 2023 at the University of National and World Economy (UNWE) in Sofia, Bulgaria. The MRC Conference aims to bring together the international academic community, enable interactive discussions and other forms of interpersonal exchange of experience, and support the power of scientific research. ISBN: 978-619-92983-0-5
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INFLATION 2022 - CIRCUMSTANCES, CHALLENGES, IMPACT
CONFERENCE PROCEEDINGS
The ninth annual scientific conference of the Monetary and Economic Research Center (MRC) was held from the 18th to the 20th of September 2023 at the University of National and World Economy (UNWE) in Sofia, Bulgaria.
ISBN: 978-619-90797-9-9
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DIGITAL ECONOMY AND FINANCIAL RISK MANAGEMENT
The purpose of this paper is to analyse and systematize the key challenges to understand the role of digital economy and the relationship with financial risk management. The author put forward the provision on the valuation and measurement of financial risk in contexts of digital economy in Bulgaria. The paper mainly aims to examine the influence of digital finance on enterprise financial risk and its mechanism. The results of the study are presented in Figure 2. Moreover, it attempts to analyze whether digital finance corrects the distortion of traditional financial elements and whether it can effectively improve enterprise financial risk and further verify the inclusion and transmission mechanism of digital finance.
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THE FACTORS INFLUENCING CONSUMER CHOICE
The purpose of this article is to investigate which part of the packaging information plays an important role in consumer choice between both Generation Z and Generation Millennials. How inflation changes consumer demand for groceries. The comparative analysis between the two generations is of interest because the market is currently accustomed to the demands of the Millennial generation. It is yet to adapt to Generation Z as well. The benchmarking was done through an online survey distributed in major cities and among highly educated consumers.
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IMPACT OF SOCIAL MEDIA MESSAGES ON ONLINE SHOPPING
Verbal communication (WOM-Word of Mouth) is a current marketing tool, the main purpose of which is communication and socialization, followed by the promotion and sale of products that takes place face to face between sellers and buyers. With the advent of the Internet, WOM turns into eWOM, that is, electronic word-of-mouth communication that takes place between online sellers and online buyers through social networks and online store pages.
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TRENDS AND OPPORTUNITIES IN THE CONSTRUCTION SECTOR IN SELECTED SOUTH-EASTERN EUROPE'S COUNTRIES
Southeastern Europe (SEE) constitutes a unique geographical sub-region of Europe. This region includes the Balkan countries, which are rich in cultural heritage, historical evolution, and geographical features. The countries in this region have varying stages of economic progress and development.
Considering the variations and unique characteristics of the individual countries within the SEE group and whit purpose to provide a comprehensive coverage of all aspects of the construction sector, this paper focuses on the specificities, structure, development, and future trends in the construction markets of subset of nine SEE countries.
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