https://papersvuzf.net/index.php/VUZF/issue/feed VUZF REVIEW 2019-08-17T13:33:14+03:00 Ivan tkachivan9@gmail.com Open Journal Systems <p><strong>Focus and Scope:</strong>&nbsp;finance, financial markets, banking, marketing, insurance, accounting and control, business, entrepreneurship, application of mathematics and ICT in economics.</p> https://papersvuzf.net/index.php/VUZF/article/view/25 Rating analysis of the cohesion policy of the European Union and the countries of that community 2019-08-17T13:33:14+03:00 Metodi Hristov mhristov@vuzf.bg <p>In the analysis of the cohesion policy of the European union and the countries of this community, different methods and approaches can be used. Within the present article, attention is focused on the possibilities of rating analysis only. What is attempted is to build a cohesion and investment rating for EU countries on the basis of pre-selected indicators. For this purpose, it is used the ranking possibility according to the averages of the selected indicators. The reverse proportionality dependence of the investment on the cohesion rating and the degree of this dependency are considered too.</p> 2019-08-13T00:00:00+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/26 Priorities and challenges in the building of the capital markets union 2019-08-17T13:28:57+03:00 Snezhana Yotinska yotinska@abv.bg <p>The Capital Markets Union is a long-term strategic project of the European Union (EU), through which building is aimed to reduce the fragmentation of the financial markets in the Member States of the Union and to diversify the financing of the European economy by strengthening the role of the capital markets. Thus, the EU economy will become more sustainable and will create conditions for stimulating investments, increasing employment and generating economic growth.</p> 2019-08-13T16:45:43+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/27 Characteristics of the economic growth in Bulgaria during 2013-2018 2019-08-17T13:25:00+03:00 Martin Lazarov llazarov.martin@gmail.com <p>This article starts with a concise record of the involved in governing the economy of Bulgaria in the period 2013-2018. A knowledge based on measuring economic growth follows and for every successive year some macroeconomic indicators are examined. Some conclusive data and tendencies are presented as well as a final inference.</p> 2019-08-13T17:03:39+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/28 Cryptocurrencies – the future of payment systems or a modern way to fraud 2019-08-13T17:07:56+03:00 Bozhidara Nikolova bo.nik.kan@gmail.com <p>The present paper introduces the trends of the contemporary payment system and trade. In particular, the paper refers to cryptocurrency payments and cryptocurrency trades. Cryptocurrency essence, the new technology origin, system functionality, as well as the market development trends are the main topics discussed in the paper. Chronologically ordered world data and facts about Bulgaria is one of the key fragments of this paper. An introduction to cryptocurrencies trends can be found as well. Practical ways of cryptocurrency usage are presented. An entire part of the paper is devoted to cryptocurrency regulations both worldwide and in Bulgaria. This paper aims to establish a deeper understanding regarding one of the big topics of the future world of the cryptocurrency payments, as well as providing impartial facts on the subject.</p> 2019-08-13T17:07:56+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/29 Application of artificial intelligence – monetary benefits for video game companies and non-monetary benefits for society 2019-08-17T13:21:38+03:00 Martin Nakov martin_nakov@abv.bg <p>The article examines fundamental concepts of artificial intelligence, its application, and the reasons why the virtual space of videogames is a suitable place for its testing and development. A financial analysis has been made of the international video game company Activision Blizzard, which shows the importance of artificial intelligence for its economic development.</p> 2019-08-13T17:12:11+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/30 NFC (near field communication) at university 2019-08-13T17:18:44+03:00 Еmanuela Yosifova emanuelaayosifova@abv.bg Margarita Zaharieva margarita2018@abv.bg <p>The administration of each university is of utmost importance because it passes through all the documentation. NFC is a wireless technology for high-speed data transfer over short distances. NFC is mostly used in public transport cards and non-contact payment cards. There are passive and active devices. With NFC, the speed and capacity of the transferred data is increased. An agreement between banks, mobile operators and merchants is expected in the future, which will allow us to pay our account at the end of the month with our mobile phone in case of lack of money. The NFC system can also be implemented in the education system, thus training will be more effective and safe. This NFC system will help to protect the environment, save time, documentation, and effort to produce it.</p> 2019-08-13T17:18:44+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/31 Business of application for healthy lifestyle 2019-08-17T13:15:12+03:00 Yoanna Novak tkachivan9@gmail.com <p>The paper presents the benefits of the introduction of IT technologies in a healthy lifestyle. A comparison has been made between ways of calculating calories and finding exercises before and after the introduction of information technology. Showing utilities for people. Statistics is derived for healthy lifestyle applications and prospective data is proposed for their future development</p> 2019-08-13T17:21:58+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/32 How do collective defined contribution pension schemes qualify under the institutions for occupational retirement provisions ii directive 2019-08-17T12:30:12+03:00 Philip Bennett pfjb2@bennettfox.com Hans van Meerten h.vanmeerten@uu.nl <p>This article considers whether a collective defined contribution pension scheme (a “CDC scheme”) provides “cover against biometric risk” or “guarantees … a given level of benefits” for the purposes of Article 13(2) of EU Directive 2016/2341 (the “IORP II Directive”) or its predecessor, IORP I Directive (2003/41/EC), Article 15(2). If no such cover and no such guarantee are provided, then a CDC scheme is not required to comply with the technical provisions, buffer and other funding requirements applicable to an IORP which is classified as a “regulatory own fund” in Article 15 of the IORP II Directive.<br>There is a linked, and for current practice, relevant issue: if a pension fund operates a CDC pension scheme that does not qualify as a regulatory own fund IORP, it would be classified as a “special investment fund” for EU VAT Directive purposes with the associated beneficial VAT treatment that is enjoyed by a retail collective investment scheme. Furthermore, this VAT treatment is available for all CDC schemes.<br>The article explores this issue by reference to CDC schemes established in The Netherlands and against the background that the UK is planning to introduce legislation permitting CDC schemes to be established in the UK. The article compares some of the Dutch legislation regulating CDC schemes established in The Netherlands with the corresponding position in the UK in relation to the legal form used for a pension scheme, the protection of accrued rights under a pension scheme, the approach to funding defined benefit pension schemes (including, for this purpose, Dutch CDC schemes) and the different approaches to dealing with the insolvency of the employer in relation to a pension scheme (including the difference between the UK legislation for a Pension Protection Fund and The Netherlands not legislating for a pension protection fund).<br>The article also notes that the essence of a CDC scheme is that the benefits are not guaranteed. Instead, the benefits are adjusted in accordance with legally binding rules which provide a mechanism for bringing the value of the target benefits back into line with the value of the assets of the scheme. The employer has no obligation to make any additional deficit repair contributions. The article notes that CDC schemes may also be referred to as Defined Ambition schemes or Target Benefit schemes.</p> 2019-08-13T17:27:49+03:00 Copyright (c) 2019 VUZF REVIEW https://papersvuzf.net/index.php/VUZF/article/view/33 The regulation of labor market in Ukraine 2019-08-17T12:20:45+03:00 Oleksandra Lysiuk lysiukaleksandra@gmail.com <p>In this article it is described the process of labor force regulation, the specific of it and influence for the employment of population in Ukraine. We have analyzed state of market, functions and have proposed few ideas for more effectively management.</p> 2019-08-13T17:31:27+03:00 Copyright (c) 2019 VUZF REVIEW