Progress of System Reforms in the CIS Countries, Especially in Uzbekistan

In this article progress of reforms of CIS countries was discussed According to the economic politics of Uzbekistan the proposed approaches to the formation of a new system of economic management in the context of expanding the scope of market incentives should contribute to the shape of a business environment that ensures an increase in the competitiveness of the economy an increase in the level of well-being of citizens a gradual transition of the country to a knowledge economy green economy smart economy and achieving the planned long-term sustainable development goals by 203

The determinants of bank efficiency in Central Asia

This paper examines progress in the transition to a market economy of the banking sector of Central Asia (CA), a region that was late to take on reform and which has largely been ignored in the literature. A comparison to other previous Soviet Republics shows that the banks in the Baltic States have higher profit efficiency compared to those in CA. The results also suggest that state owned banks are less profit efficient than private banks although foreign ownership is not a factor in efficiency levels of banks in Central Asia

Comparative Analyses of the Banking Environment in Transition Countries

This paper investigates the dynamics of the banking environment in early and late transition countries for the period 2000-2012. We consider macroeconomic, governance, economic freedom, financial depth, industrial, bankspecific, and CSR variables to compare the banking environment in transition countries. Our analyses show the presence of differences in the banking environment of two groups of transition countries: however, this gap shrunk over the period 2000-2012. The late transition countries have lower scores in the variables ‘Investment’ and ‘Financial freedom’, implying that in the future the governments of these countries may focus on improving the investment and financial climate

Antecedents of Corporate Social Responsibility in the Banks of Central Eastern Europe and in the Countries of the Former Soviet Union

This article explores the determinants of corporate social responsibilities (CSR) in the banking sector of the transition countries of Central and Eastern Europe (CEE), as well as those of the former Soviet Union (FSU). Our panel fixed-logit results for 237 banks, covering the period 2000–2012, show that while financial performance is not associated with CSR, larger banks are more likely to engage in CSR. Additionally, a government’s effectiveness and its regulatory quality increase the likelihood that the banks will engage in social activities. A range of possible approaches that governments can take to encourage social activities in the banking sector of transition countries are provided. Overall, our results are consistent with the theory that the necessary conditions must be in place to support CSR, which seem to be absent in the countries under investigation

Regulations, market power and stability in the banking sector of transition countries

This study explores the channels through which the regulations impact on stability in the banking sector of the transition countries. We argue that the channels through which the different regulations affecting stability vary between EU-member and non-EU transition countries. Our study considers 370 banks from 20 transition countries for the period 2001–2013, where 11 are EU-member (Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) and 9 are non-EU (Albania, Armenia, Azerbaijan, Belarus, Bosnia, Kazakhstan, Macedonia, Serbia, and Ukraine) states. Our results show that higher economic growth and less competitive conditions would lead to a more stable banking sector in early (EU-member) transition countries. Moreover, the stabilization effect of different regulations suchas capital requirement, activity restrictions and supervisors (mainly Central Banks and other government bodies) is higher to the banks with higher market power. For non-EU transition countries we find that higher inflation rates significantly impact on higher levels of risk taking. However, capital requirements have a stabilization effect and thus its higher level leads to more stable banking sectors in both groups of countries. Overall, our results are consistent with the theory that the outcome of the regulations-reforms varies across countries according to their institutional development and therefore the impact of banking regulation is different between EU-member (early) and non-EU member (late) transition countries

Social Corporate Responsibility in Transition Countries

This article explores the determinants of corporate social responsibilities (CSR) in the banking sector of the transition countries of Central and Eastern Europe (CEE), as well as those of the former Soviet Union (FSU. Our panel fixed-logit results for 237 banks, covering the period 2000–2012,show that while financial performance is not associated with CSR, larger banks are more likely to engage in CSR. Additionally,a government’s effectiveness and its regulatory quality increase the likelihood that the banks will engage in social activities. A range of possible approaches that governments can take to encourage social activities in the banking sector of transition countries are provided. Overall, our results are consistent with the theory that the necessary conditions must be in place to support CSR, which seem to be absent in the countries under investigatio

The Duality of AI in Funding Strategies and Decision-Making – Insights into AI Governance and Policymaking for Sustainable FinTech Success

The primary purpose of this paper is to investigate and comprehend the phenomenon of FinTech startup failures through examining the intricacies of their funding strategies and financial planning.Addressing algorithmic bias and transparency issues, this research intends to shed light on the dual role of artificial intelligence (AI) tools in the financial technology (FinTech) landscape focusing on their contribution to pattern recognition, risk detection, and insights into feasibility. Thus, the objectives of the paper are to (1) understand specific challenges in the funding strategy and financial planning of FinTech startups, (2) elucidate the impact of AI tools on recognizing patterns and detecting risks, (3) explore challenges in AI-reliant funding, and (4) analyse how algorithmic bias influences success or failure.The study seeks to investigate the following aspects:1. Examining the dual role of AI in contributing to the recognition of patterns, detecting potential risks in both Funding Strategies and Decision-Making, and its impact on AI-Driven Funding;2. Investigating the manifestation of algorithmic bias and fairness issues in the funding of FinTech startups relying on AI. Additionally, evaluating how these issues shape the success or failure outcomes of these startups;3. Identifying governance measures that policymakers can implement to address concerns related to algorithmic bias, fairness, transparency, and explainability in the context of funding FinTech startups relying on AI;4. Assessing how policymakers can guarantee responsible and ethical integration of AI in the financial sector, with a focus on mitigating risks and promoting innovation in funding FinTech startups

RESEARCH ON OBTAINING OF SUPERPLASTICATOR ADDITIVES WITH LOCAL RAW MATERIALS AND SECONDARY PRODUCTS

In the modern technology of concrete production, additional modifiers are a mandatory component of the concrete mixture along with binders, fillers and water. Additives in concrete are used to improve the quality of concrete, give it its own characteristics, speed up construction work, and reduce the cost of the construction process. Currently, due to the increasing requirements for concrete used in construction objects, in order to use admixed concrete more, as a result of scientific research, the cheapest, high-quality, effective results were obtained and recommended for production