scholarly journals Competitiveness of the Slovak Republic as a Determinant of its Success in Third Country Markets

2021 ◽  
Vol 92 ◽  
pp. 09018
Author(s):  
Stanislav Zábojník ◽  
Zuzana Borovská
Keyword(s):  
Slovak Republic ◽  
Value Added ◽  
Foreign Markets ◽  
Economic Strategy ◽  
Economic Relations ◽  
The Third ◽  
Catching Up ◽  
New Strategy ◽  
Comprehensive Comparison ◽  
Key Indicators

Research background: Despite long-term goals of the economic strategy of the Slovak Republic, the Slovak competitiveness on the third countries´ markets is relatively weak considering the long tradition in the export activities of the Czechoslovak companies in the past. In terms of the international trade orientation, we note that the method of the Slovak economic strategy is mainly the pro-export support and placement of the Slovak production on foreign markets. Given the openness of the Slovak economy, competitiveness within these markets is crucial and proves the relevance of the research. Slovak Strategy of the External Economic Relations defines two groups of the priority territories for the support and subsidizing of the Slovak exports. Purpose of the article: The paper assesses the results of the strategy supporting the Slovak companies on the third markets and an aim of the paper is to define the key indicators of the competitiveness of the Slovak Republic on the third markets of the prioritized territories. Methods: Authors use basic indicators (export volumes, market share, RCA) as well as export gap method. Findings & Value added: The study indicates only a very small progress in the catching-up process of the Slovak companies in case of export competitiveness in the preferential territories outside of the EU. A comprehensive comparison of the V4 countries was realized and recommendations for a new strategy were formulated.

scholarly journals EVOLUTION OF VIETNAM’S ECONOMIC STRATEGY IN MODERN ARCHITECTONICS OF GLOBAL ECONOMIC RELATIONS

2021 ◽  
Author(s):  
Dmytro Kolechko
Keyword(s):  
Market Reform ◽  
Socialist Republic ◽  
Economic Strategy ◽  
Economic Relations ◽  
Postwar Reconstruction ◽  
Catching Up ◽  
Role Of The State ◽  
Third Stage ◽  
Strategic Goals ◽  
Internal And External Factors

The article analyzes the evolution of Vietnam’s economic strategy based on the concept of institutional archi- tecture. The main internal and external factors that determined the goals of the economic strategy of the Socialist Republic of Vietnam since its inception have been identified. The evolution of the country’s economic strategy in response to the change of target priorities under the influence of not only internal factors, but also in view of the formation of global architecture is substantiated. There are four main stages in the evolution of Vietnam’s economic strategy in global architectonics according to the main characteristics. The first stage (1975–1985) of the transition from an autonomous to a partially autonomous economic strategy of Vietnam in global architecture is characterized as postwar reconstruction, unification of economic complexes of the northern and southern territories into a single system on a planning and administrative basis and external economic integration on the ideological principle. The second stage (1986–2001) of the transition from an autonomous to a partially open economic strategy of regional orientation is characterized by market reform while maintaining the directive role of the state and a pragmatic regional foreign economic strategy. The third stage (2002–2010) of the transition from a partially open economic strategy of regional orientation to a partially open economic strategy of global orientation is characterized by expanding the spheres of market reform while maintaining planning and administrative principles and increasing openness in foreign economic strategy. The fourth stage (2011 – present) the transition to an open export-oriented economic strategy of catching up is characterized by expanding market economy, increasing transparency of state-owned enterprises, narrowing sectors of direct planning and administrative management, pragmatism in geoeconomic strategy, expanding global participation. The results of the economic strategy and significant successes in the market reform of Vietnam’s economy are manifested in high rates of economic growth, improving the welfare of the population. However, not all strategic goals have been achieved yet, in particular the task of industrialization remains relevant.

scholarly journals Comparison of tax bonus as a tool of tax benefit for taxpayers in V4 countries and Austria

2021 ◽  
Vol 129 ◽  
pp. 02018
Author(s):  
Renata Stanley ◽  
Zuzana Kubascikova
Keyword(s):  
Slovak Republic ◽  
Value Added ◽  
Net Income ◽  
Comprehensive Overview ◽  
Tax Base ◽  
Tax Legislation ◽  
Comprehensive Comparison ◽  
Tax Benefits ◽  
Subsequent Comparison ◽  
Visegrád Countries

Research background: Tax legislation provides taxpayers some advantages which enable them to reduce their tax base in the tax statement. The amount of the tax advantage varies depending on the state and also the tax policy of the country. The tax bonus is one of the benefits, which can affect the amount of net income of taxpayers. The state’s efforts to mitigate the effects of covid-19 are currently even greater in order to sustain the functioning operations of taxpayers and at the same time to start the growth of economies again. All countries neighbouring Slovakia provide tax bonuses in certain amounts or other benefits for supporting families. The issue of tax bonuses is not given much attention by authors in the Slovak Republic or at the international level. So far, there is no article that deals with a comprehensive comparison of the tax bonus in several countries. Purpose of the article: The aim of this paper is to present and characterize the tax benefits provided to taxpayers by the tax legislation of the Slovak Republic and subsequent comparison with similar tax benefits provided by the Visegrad countries and neighbouring Austria. Methods: The method used the most in the paper are analysis and comparison. Findings & Value added: The contribution of this article is a comprehensive overview and comparison of the rules for the application of the tax bonus among the V4 countries and Austria and an evaluation of the most advantageous system among these countries in 2021.

scholarly journals Transfer pricing in the conditions of the Slovak Republic

2021 ◽  
Vol 129 ◽  
pp. 08010
Author(s):  
Anna Kubjatkova ◽  
Anna Krizanova
Keyword(s):  
Tax Evasion ◽  
Economic Activity ◽  
Slovak Republic ◽  
Transfer Pricing ◽  
Value Added ◽  
Multinational Companies ◽  
Balance Of Payments ◽  
Economic Relations ◽  
Methods Of Synthesis ◽  
Legislative Framework

Research background: All of the world’s economic relations in today’s world are subject to the process of globalization. Increasingly, the economic activity of many entrepreneurs transcends national borders, often operating in the form of multinational companies. Through the Transfer Pricing Institute, multinational companies can transfer their pre-tax profits from one country to another, and this phenomenon often harms the affected countries, which can result in lower tax revenues and a deterioration in the balance of payments. Transfer pricing generally seeks to prevent similar shifting of profits and thus prevent possible tax evasion. Purpose of the article: The aim of this article is primarily to summarize the knowledge and procedures of transfer pricing and its importance in the conditions of the Slovak Republic. The article also aims to explain to the general public why transfer pricing is important and necessary for a healthy economy. Methods: In this work, the methods of induction, deduction, and comparison were used to obtain a true picture of the issue of transfer pricing. Methods of synthesis and analysis of the researched issues were also used. Findings & Value added: In addition to a general overview of this issue, we consider the result of this work to summarize the legislative framework of transfer pricing and also provide a brief and clear example of the transfer of profits in transfer pricing between two and within one country and their impact on the country’s economy.

IMPLEMENTATION OF ELECTRONIC MONITORING OF SENTENCED PERSONS IN THE SLOVAK REPUBLIC

2020 ◽  
Vol 10 (5) ◽  
pp. 59-75
Author(s):  
JAROSLAV KLÁTIK ◽  
◽  
LIBOR KLIMEK
Keyword(s):  
Restorative Justice ◽  
Electronic Monitoring ◽  
Slovak Republic ◽  
Pilot Project ◽  
Legal Regulation ◽  
European Level ◽  
Criminal Proceedings ◽  
Council Of Europe ◽  
Fourth Section ◽  
The Third

The work deals with implementation of electronic monitoring of sentenced persons in the Slovak Republic. It is divided into eight sections. The first section introduces restorative justice as a prerequisite of electronic monitoring in criminal proceedings. While the second section points out at the absence of legal regulation of electronic monitoring of sentenced persons at European level, the third section points out at recommendations of the Council of Europe addressed to European States. The fourth section analyses relevant alternative punishments in Slovak criminal justice. The fifth section introduces early beginnings of implementation of concerned system - the pilot project “Electronic Personnel Monitoring System” of the Ministry of Justice of the Slovak Republic. While the sixth section is focused on Slovak national law regulating electronic monitoring of sentenced persons - the Act No. 78/2015 Coll. on Control of the Enforcement of Certain Decisions by Technical Instruments, the seventh section is focused on further amendments of Slovak national law - namely the Act No. 321/2018 Coll. and the Act No. 214/2019 Coll. The last eight section introduces costs of system implementation and its operation.

scholarly journals Transformation of Inferior Tomato into Preservative: Fermentation by Multi-Bacteriocin Producing Lactobacillus paracasei WX322

Foods ◽  
2021 ◽  
Vol 10 (6) ◽  
pp. 1278
Author(s):  
Rong Zhu ◽  
Xiaoqing Liu ◽  
Xiaofen Li ◽  
Kaifang Zeng ◽  
Lanhua Yi
Keyword(s):  
Antibacterial Activity ◽  
Value Added ◽  
Soft Rot ◽  
Bacteriocin Production ◽  
Lactobacillus Paracasei ◽  
Tomato Juice ◽  
Vegetable Waste ◽  
The Third ◽  
Innovative Method ◽  
Great Damage

Loss and waste of postharvest vegetables are the main challenges facing the world’s vegetable supply. In this study, an innovative method of value-added transformation was provided: production of bacteriocin from vegetable waste, and then its application to preservation of vegetables. Antibacterial activity to soft rot pathogen Pectobacterium cartovorum (Pcb BZA12) indicated that tomato performed best in the nutrition supply for bacteriocin production among 12 tested vegetables. Moreover, the antibacterial activity was from Lactobacillus paracasei WX322, not components of vegetables. During a fermentation period of 10 days in tomato juice, L. paracasei WX322 grew well and antibacterial activity reached the maximum on the tenth day. Thermostability and proteinase sensitivity of the bacteriocin from tomato juice were the same with that from Man-Rogosa-Sharpe broth. Scanning electron microscope images indicated that the bacteriocin from tomato juice caused great damage to Pcb BZA12. At the same time, the bacteriocin from tomato juice significantly reduced the rotten rate of Chinese cabbage from 100% ± 0% to 20% ± 8.16% on the third day during storage. The rotten rate decrease of cucumber, tomato, and green bean was 100% ± 0% to 0% ± 0%, 70% ± 14.14% to 13.33% ± 9.43%, and 76.67% ± 4.71% to 26.67% ± 4.71%, respectively. Bacteriocin treatment did not reduce the rotten rate of balsam pear, but alleviated its symptoms.

Current Trends in the International Economic Activity of Ukraine

2021 ◽  
pp. 47-55
Author(s):  
Ljudmila Romaniuk ◽  
Keyword(s):  
International Economic ◽  
Economic Performance ◽  
Economic Activity ◽  
Public Diplomacy ◽  
Technological Development ◽  
Value Added ◽  
Machine Building ◽  
Raw Material ◽  
High Tech ◽  
Economic Relations

International economic activity occupies a special place in a complex system of the global economic relations. It reflects the mutual economic dependence of trade and economic activities of different countries of the world. The significance of the development of international economic performance of each country is growing. The purpose of the article is to determine the current state and trends of international economic performance of Ukraine, taking into account changes in the external environment. SWOT-analysis was introduced to identify strengths, weaknesses, opportunities, threats and ways to overcome weaknesses, solve problems in international economic activity, use strengths and opportunities. International economic activity is a powerful factor in the development of the country's economy and has a significant potential in regard of natural, economic and human resources, but the study has also revealed problems and negative trends. To identify trends in the effectiveness of the country's international economic activity, export-import performance indicators for 2019, 2020 and similar indicators for 2013 were analyzed. In 2020 a decline in exports in the machine-building industry is observed. Furthermore, the exports are dominated by the raw material component. The growth rate of exported goods refers to industries with a small share of value added. At the same time, imports are dominated by high-tech products, indicating a lack of strategy of technical and technological development, which leads to the deindustrialization of the country, which is a significant threat to the economy of Ukraine as a whole and its international economic activity. In the context of economic globalization, the importance of international economic relations is growing. To increase the efficiency of international economic performance it is crucial to address a number of domestic issues: stabilization of political situation, termination of military actions in the east of the country, overcoming corruption, ensuring technical and technological development, implementation of innovations at enterprises, development and implementation of multi-vector strategy, implementation of the strategy of public diplomacy in order to build a positive image of Ukraine. Further research will focus on assessing the effectiveness of international economic activity, identifying threats to national competitiveness and elaborating recommendations for overcoming them.

ELECTRONIC MONITORING OF SENTENCED PERSONS IN SLOVAK LEGAL PRACTICE

2020 ◽  
Vol 10 (6) ◽  
pp. 13-30
Author(s):  
JAROSLAV KLÁTIK ◽  
◽  
LIBOR KLIMEK
Keyword(s):  
Electronic Monitoring ◽  
Slovak Republic ◽  
Legal Practice ◽  
Fourth Section ◽  
Applicable Law ◽  
The Third ◽  
The Right To Privacy ◽  
Good Investment ◽  
Civil Proceedings ◽  
The Right

The work deals with practical issues of electronic monitoring of sentenced persons in the Slovak Republic. It is divided into seven sections. The first section deals with applicable law - the Act No. 78/2015 Coll. on Control of the Enforcement of Certain Decisions by Technical Instruments. The second section analyses types of the control of the enforcement of decisions and their use. The third section introduces the requirements for the control. The fourth section briefly introduces the application of the system in civil proceedings. The fifth section points out at the interference of the control with the right to privacy. The sixth section answers the question if the system was a good investment or a wasting of money. The last seventh section introduces recommendations for policymakers and legal practitioners.

scholarly journals Altman Model Verification Using a Multi-Criteria Approach for Slovakian Agricultural Enterprises

2021 ◽  
Vol 24 (1) ◽  
pp. 146-164
Author(s):  
Roman Vavrek ◽  
Petra Gundová ◽  
Ivana Kravčáková Vozárová ◽  
Rastislav Kotulič
Keyword(s):  
Slovak Republic ◽  
Economic Value ◽  
Value Added ◽  
Model Verification ◽  
Economic Value Added ◽  
Z Score ◽  
Natural Conditions ◽  
Agricultural Enterprises ◽  
Overall Reliability ◽  
Altman Model

The Altman model is still one of the most widely used predictive models in the 21st century, and it aims to highlight the differences between bankrupt and healthy enterprises. This model has been modified several times; its most well-known forms are from 1968, 1983 and 1995. However, the use of the Altman Z-score for Slovak enterprises is more than questionable. The unsuitability of the model for the conditions of Slovak companies has been confirmed by several empirical surveys. The objective of this study was to verify the validation of these three variants of the Altman model, depending on how an unprosperous company is identified, using a sample of 996 agricultural enterprises operating in the Slovak Republic. Four indicators were selected for the identification of an unprosperous enterprise – economic results, total liquidity, equity, and economic value added – and they were monitored over the last year or, as the case may be, over the last three years from 2014 to 2016. Using the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) and Coefficient of variation (CV) methods as an objective method for weight determination, a combination of the Altman model from 1968 and the negative total liquidity in the last reference year was determined to be the best. One of our main findings is that the way in which an unprosperous enterprise is identified is a significant factor affecting the overall reliability of the Altman model. The Altman model from 1968 and 1983 confirmed the differences resulting from the natural conditions in which the enterprises operate. The economic results and economic value added (EVA) proved to be inappropriate as indicators for defining an unprosperous enterprise in the conditions of the Slovak Republic.

scholarly journals Creation of added value in the context of measurement complexity of the digital economy

E-Management ◽  
2020 ◽  
Vol 3 (1) ◽  
pp. 68-74
Author(s):  
Ya. V. Miller
Keyword(s):  
Large Scale ◽  
Business Processes ◽  
International Comparisons ◽  
Value Added ◽  
Digital Economy ◽  
Added Value ◽  
Digital Data ◽  
Demand And Supply ◽  
The World ◽  
Key Indicators

In the last decade unprecedented technological changes have taken place, resulting in the emergence of a fundamentally new economic model. Based on the widespread spread of smartphones, the world has become more “connected”. The digitalization of demand and supply contributed to the creation of entirely new digital markets managed by platform enterprises based on an open business model, that enabled external consumers and producers to connect and interact with each other. A more interconnected world generates vast amounts of data, allowing platform companies to invest in machine learning and artificial intelligence and ultimately improve their efficiency. Finally, a steady digitalization of business processes, markets and global value chains is observed. In these circumstances, approaches to value addition are fundamentally changing in the context of new dimensions of the digital economy, the analysis of which was the purpose of our study. It has been identified, that in the absence of a standardized international methodology for measuring the digital economy, the latter is so far possible on disparate development-left and national statistics. Initiatives taken at the international level to overcome national differential approaches are still insufficient, as there is a lack of statistics and variables related to digital data. It has been revealed, that the lack of quality statistics on key indicators of the digital economy makes it difficult to assess the value added in the world economy scale and international comparisons. Much of the challenges of measuring value added in the digital economy, as shown in the article, are related to the principle of “scale without mass,” the intangible nature of capital, the intense growth of large-scale cross-border data flows, and the emergence of new sources of value creation.

scholarly journals The proposal of taxation of international passenger transport with respect to the including into the travel services

2012 ◽  
Vol 60 (4) ◽  
pp. 299-306
Author(s):  
Milena Otavová ◽  
Veronika Sobotková
Keyword(s):  
Comparative Analysis ◽  
Slovak Republic ◽  
Value Added ◽  
Individual Member ◽  
Passenger Transport ◽  
Value Added Tax ◽  
Member States ◽  
Transport Services ◽  
Council Directive ◽  
Travel Services

Generally, international passenger transport is exempt from the value added tax, in the case of air transport. International road passenger transport is however liable to taxation. However, the Council Directive on Value Added Tax contains a number of variations in the frame of the taxation of international passenger transport both for the states that joined the Community after January 1, 1978 and also for countries that were members of the Community on January 1, 1978. The international passenger transport is therefore rather problematic field due to a number of exceptions for individual Member States. It is on the providers or recipients of transport services to inform correctly about the taxation of international road transport and to pay properly the tax. The aim of the article is to evaluate the possibilities of the taxation of international passenger transport in the Czech Republic, Austria, Slovak Republic, Germany and Poland and to determine how the taxation of international passenger transport affects the tax liability and price of travel services provided in this country. From the comparative analysis it is evident that the tax paid abroad should be included in the total price of the purchased service. Based on the comparative analysis there will be a proposal for the taxation of international passenger transport so that the tax collection in the monitored countries would be simplified. The proposal recommends to unify an approach during the taxation of international passenger transport for all Member States of the European Union in order to reduce administrative costs on the part of the governments and individual entities.

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