The Impact Of Railroad Transport On Bulgaria’s Regional Development

The article presents a study on the impact of freight railroad transport on the development of Bulgaria’s regions assessed through sectoral and econometric analyses. The analyses are based on indices such as revenues from transport activity of the licensed railway operators by regions, number of staff in the companies, development of the transport infrastructure, and migration growth rate. Most of the publications in this field address the relationship between air and/or water transport and regional development while this study focuses on improving energy-efficient and environmentally friendly modes of transport, such as freight railway transport. Its importance is corroborated through a regression analysis, which shows that the internal migration in the country depends on the development and modernization of its railway infrastructure

The Digitalization Of Transport Infrastructure And Its Impact On Human Resource Management

The article aims to analyze the effects of the pandemic related to COVID-19 on the process of digitalization of human resources in the management of infrastructure sites in the field of transport sector. It also discusses the dilemma between goal #8 of the UN SDG for high employment of the population and digitalization of the processes and human resource management. They will require using only highly qualified personnel and less human factor. Those processes can increase labour productivity and economic growth at the cost of negative effects on total demand, social inequality, and employment

Financial Performance of Air Transport Operators in the Conditions of Digital Transformation Processes

Purpose: The study aims to examine the financial performance of air passenger carriers in the case of a developing country with transition economy like Bulgaria. It also examines both the main trends in the digital transformation processes of the aviation sector and the obstacles that hinder the widespread implementation of information and communication technologies in the sector. Methodology: Through regression modelling, it is identified which financial performance indicators most strongly influence the digital transformation process of air passenger carriers. Results: The results of the study show that Bulgarian aviation operators are not capable to cover their short-term liabilities and are strongly dependent on their creditors, especially in terms of exogenous shocks like COVID-19 pandemics, political crisis, ongoing military conflicts in Ukraine and uncertain business environment. The country ranks on last place according to the values of DESI index in comparison to EU average levels in terms of digital skills of transport workers, e-commerce, and deployment of ICT. Practical implications: The implications of the study could serve as basis for future research in the field of financial performance of other modes of transport or to be used for examining the air transport of countries with similar political and economic characteristics like Bulgaria. Paper type: Research pape

The Correlation: minimum wage - unemployment in the conditions of transition to digital economy

The research is done in the context of the upcoming introduction of new European legislation for the first time for regulation of minimum wage at European level. Its purpose is to identify the direction and strength of the correlation amongst changes of minimum wage and unemployment rate in the context of conflicting findings of the scientific literature. There will be used statistical instruments for the purposes of the analysis as it incorporates data for Bulgaria for the period 1991-2021. The significance of the research is related to the transition to digital economy and the necessity for complex transformation of the minimum wage functions in the context of the new socio-economic reality

European Green Deal and transport sector development – opportunities or restrictions

The study is focused on the possibilities and restrictions for the development of the transport sector of EU member-states with GDP per head significantly lower than the EU average levels, because of the introduction of the European Green Deal. For the purposes of the research, there are used the methods of quantitative and qualitative analysis, as well as statistical analysis. In the publication, it is examined also the status quo of the European transport system in accordance with the provisions of the European Green Deal and the European policies for the development of the transport sector till 2030 and 2050. Special attention is paid to the energy dependence of the transport modes on fossil fuels, as well as the level of digitalization of the transport sector, the obstacles for operation of sustainable multimodal transportation services and the danger of imperfect market structures emergence in the field of transport in the less developed regions in EU

Transaction costs and institutional change of trade litigations in Bulgaria

International audienceThe methods of new institutional economics for identifying the transaction costs of trade litigations in Bulgaria are used in the current paper. For the needs of the research, an indicative model, measuring this type of costs on microeconomic level, is applied in the study. The main purpose of the model is to forecast the rational behavior of trade litigation parties in accordance with the transaction costs in the process of enforcing the execution of the signed commercial contract. The application of the model is related to the more accurate measurement of the transaction costs on microeconomic level, which fact could lead to better prediction and management of these costs in order market efficiency and economic growth to be achieved. In addition, it is made an attempt to be analysed the efficiency of the institutional change of the commercial justice system and the impact of the reform of the judicial system over the economic turnover. The augmentation or lack of reduction of the transaction costs in trade litigations would mean inefficiency of the reform of the judicial system. JEL Codes: O43, P48, D23, K1