EVALUATION OF EXPORT DEVELOPMENT OPPORTUNITIES FROM TURKEY TO LITHUANIA

2015 ◽  
Author(s):  
Agnė JOTAUTAITĖ ◽  
Eglė JOTAUTIENĖ
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Empirical Research ◽  
Domestic Product ◽  
The European Union ◽  
Database Analysis ◽  
Fast Growing ◽  
Agriculture Industry ◽  
Textile Products

In this paper, export opportunities of textile products from Turkey to Lithuania are analyzed. The main goal of this article is to present an analysis of the opportunities to import textile products from Turkey to Lithuania. The empirical research basing on the statistical database analysis was used. The analysis of Turkey’s markets was showed that the economy is strongly dependent on exports of various products from Turkey and it is about one forth of Turkey’s GDP (Gross Domestic Product). The bulk of exports from Turkey is t o countries in the European Union. Turkey is one of the world’s largest manufacturers and exporters of textiles. The analysis of Lithuanian markets was indicated that Lithuania has a feasible market for imports due to its fast growing GDP, increasing labor wages and modernization of agriculture industry. Furthermore, advantageous and adequate policies of Lithuania’s foreign trade should encourage the development of imports to this country. The demand for textile products in Lithuania is growing rapidly and it is one of the most important sectors in fostering its economy

scholarly journals Economic aspects of the integration processes of the Republic of Serbia

2021 ◽  
Vol 7 (2) ◽  
pp. 83-93
Author(s):  
Milica Simić ◽  
Antoaneta Vassileva ◽  
Anđelka Aničić
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Domestic Product ◽  
The European Union ◽  
Statistical Research ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
The Republic ◽  
Trade Partners

Exchange of goods and services is the most important domain of economic cooperation between the Republic of Serbia with the world and is crucial for faster growth of gross domestic product (and thus expected economic growth rates and faster social development and rising living standards) in the coming period. Due to this, paper analyses the degree of involvement of the Republic of Serbia in total world exports, its most important foreign trade partners, the degree of openness of the economy and the share of exports in gross domestic product, analyzing the period from 2008 to 2017. The aim of this paper is to study specific relations between the Republic of Serbia and its most important foreign trade partners and their interdependence with the integration processes through multilateral and bilateral cooperation with the European Union, Eurasian Economic Union, World Trade Organization and Central European Free Trade Agreement. Based on the updated statistical research and analysis of the content of the basic determinants of bilateral agreements, recommendations were given for the future development of integration processes within the European Union and the Eurasian Economic Union.

scholarly journals The Market’s Maturity for Public Procurement of Circular Furniture: A Study from Latvia

2021 ◽  
Vol 1 (15) ◽  
pp. 242-250
Author(s):  
Jana Simanovska ◽  
Inese Pelsa
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Circular Economy ◽  
Public Procurement ◽  
Important Task ◽  
Domestic Product ◽  
The European Union ◽  
Material Efficiency ◽  
Survey Results

Public procurement plays an important role in the market by making up 14% of the Gross Domestic Product in the European Union, therefore it is seen as an important instrument to promote such products and services that better meet society’s demands, for example, sustainability. Starting from 2015, circularity is an important aspect of sustainability. Furniture is among the product groups with a significant impact on the material footprint, therefore approaches to increase material efficiency and circularity are of high value. With this research, the authors investigate the market’s maturity, i.e. the readiness of suppliers to offer circular furniture and services, as well as the readiness of municipalities to uptake it. 20 companies and 27 municipalities took part in the survey. Results show that the surveyed companies currently are more ready to offer more circular products and services than municipalities require in the procurement tenders. Most surveyed municipalities are maintaining and repairing the furniture by themselves that is a circular approach but without outsourcing. The market consultation before the tendering could help to understand the market abilities better and lead to more circular purchasing contracts. This is an important task considering the importance of public procurement in promoting a circular economy.

scholarly journals Are Business Regulations Improving Economic Growth? Case Study between ASEAN and European Union

2021 ◽  
Vol 9 (1) ◽  
pp. 44-53
Author(s):  
Karuniana Dianta Arfiando Sebayang ◽  
Belinda Febrina
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Gross Domestic Product ◽  
Quantitative Research ◽  
Domestic Product ◽  
The European Union ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
Business Regulations ◽  
The Impact

Economic activities require a transparent regulatory and policy environment that is accessible to all levels of society. This study aims to explain the impact of ease of doing business on economic growth in both ASEAN and the European Union since doing business indicators applied globally. Gross Domestic Product is used as a proxy variable for economic growth as Gross Domestic Product is an indicator to measure economic growth. This study uses a descriptive quantitative research model and uses multiple regressions to determine the effect of ease of doing business on economic growth in ASEAN and the European Union by comparing the result of each ASEAN and European Union. In this study it was found that in ASEAN, there are four indicators of doing business have significant impact to economic growth, while in the European Union five indicators have significant impact to economic growth.  

scholarly journals Malta

2019 ◽  
Vol 19 (348) ◽  
Author(s):  
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Life Insurance ◽  
Domestic Product ◽  
The European Union ◽  
Insurance Sector ◽  
Special Purpose Vehicle

The insurance sector in Malta is relatively large and sophisticated. The sector has grown significantly since Malta’s accession to the European Union (EU) in 2004, and its total assets amounted to €11.9 billion (105 percent of gross domestic product (GDP)) at end-2017. Its sophisticated structure is evidenced by the presence of four professional reinsurers, eight captive insurers, 14 protected cell companies (PCC), and one reinsurance special purpose vehicle (SPV). The life insurance and reinsurance industries are highly concentrated.

Analysis of the Current Stage of the European Funds Absorption in the Financing Period 2014-2020

2020 ◽  
Vol 26 (2) ◽  
pp. 94-98
Author(s):  
Diana Elena Ranf ◽  
Hortensia Gorski
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Gross Domestic Product ◽  
Standard Of Living ◽  
Domestic Product ◽  
The European Union ◽  
Operational Program ◽  
Economic Union ◽  
The Many ◽  
Current Stage

AbstractThe article contains an analysis on a topic that is and will always be important for the simple reason that any topic, change, opportunity or financial restriction with direct or indirect repercussions on the population of a nation will be in the interest of the citizen. And I refer to the citizen in the general way, because the European funds, one of the many good consequences of the great economic union of which we are a part, namely the European Union, aims to increase in each area whose contribution to the gross domestic product can become significant. Private or state environment, company or simply citizen, anyone can become the beneficiary of a project funded by European funds. The proof of this fact is the analysis of the absorption of funds on each operational program. Developing or covering deficiencies in areas of strategic importance, such as infrastructure, can lead to the raising of other areas in the chain and ultimately to the increase of the standard of living and economic growth.

scholarly journals Studying the Level of Sustainable Energy Development of the European Union Countries and Their Similarity Based on the Economic and Demographic Potential

Energies ◽  
2020 ◽  
Vol 13 (24) ◽  
pp. 6643
Author(s):  
Magdalena Tutak ◽  
Jarosław Brodny ◽  
Dominika Siwiec ◽  
Robert Ulewicz ◽  
Peter Bindzár
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Gross Domestic Product ◽  
Sustainable Energy ◽  
Energy Development ◽  
Domestic Product ◽  
The European Union ◽  
European Union Countries ◽  
Energy Economy ◽  
Demographic Potential

The concept of sustainable economic development takes into account economic, social and environmental aspects and strives to achieve balance between them. One of the basic areas where it is required to revalue the current views on sustainable development is energy. The growing public awareness of environmental protection forces changes in this industry. Despite the global nature of this problem, its solution is perceived differently in various regions of the world. The unquestionable leader in introducing the idea of sustainable development economy is the European Union, where the energy sector is of key importance for the effectiveness of this process. In order to assess the sustainable energy development of the European Union countries, studies were conducted based on 13 selected indicators characterizing this sector in terms of energy, economy and environment. In order to assess the specificity of the European Union countries, these indicators were additionally compared to the gross domestic product value and the number of inhabitants of individual countries. For these cases, multi-criteria analyses were carried out using the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method. It allowed the authors to rank the European Union countries in terms of their adaptation to a sustainable energy economy. Based on the determined values of indicators versus the gross domestic product and the number of inhabitants of the countries in question, these countries were also divided into similar groups with the use of the Kohonen artificial neural networks. These groups can pursue a common energy policy in the field of sustainable development. The aim of the research was to present a new approach to the assessment of sustainable energy development of the European Union countries. The extensive ratio analysis (13 indicators of the sustainable energy development), including the economic and demographic potential of individual countries, and the use of modern tools made it possible to acquire new knowledge in the field of sustainable energy development in the European Union countries. The results should be utilized for more effective sustainable energy development of the European Union countries.

scholarly journals THE COMPARISON OF PISA EDUCATIONAL RESULTS WITH GROSS DOMESTIC PRODUCT IN MEMBER STATES OF EUROPEAN UNION

2019 ◽  
Vol 7 ◽  
Author(s):  
Peter Plavčan
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Student Assessment ◽  
Domestic Product ◽  
Reading Literacy ◽  
The European Union ◽  
Education Expenditure ◽  
Member States ◽  
International Student Assessment ◽  
Average Education

The Programme for International Student Assessment (PISA) – an OECD international survey project, has become the base for an international comparison of students’ results. This publication is oriented on the wide evaluation of basic statistical data in scientific, mathematical and reading literacy of students. We compare the main results of students in scientific, mathematical and reading literacy and the tendencies of GDP and expenditure to education from the GDP of the Member states of the European Union. PISA helps identify key problems and create effective school policy for all stakeholders. It seems evident that the above-average education expenditure percentage of the gross domestic product affects also the above-average values of the index of the sum of the scores obtained in the pupils´ scientific, mathematical as well as reading literacy for the sum of the years 2006, 2009, 2012 and 2015 in the period under review. It seems Member States which spend a higher above-average education expenditure percentage of their gross domestic product have, on a long-term basis, above-average and relatively stable results in the summary index but also individually – in the pupils´ scientific, mathematical and reading literacy. Political and professional decisions to increase education expenditure evidently positively affect the quality of education at schools in general, regardless of how the “economy is doing”. Our results of the analysis support the assumption that even in the case of a state´s restrictive budget, expenditure on education and creative activity in general should not be restricted.

Public Procurement Regulation

2018 ◽  
Author(s):  
Christopher H Bovis
Keyword(s):  
European Union ◽  
Public Sector ◽  
Gross Domestic Product ◽  
Private Sector ◽  
Public Procurement ◽  
Domestic Product ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Eu

In the European Union, public procurement refers to all contractual relations for supplies, works, and services between public-sector authorities of Member States as well as entities operating as utilities in Member States and the private sector. Public procurement by EU Member States accounts for €1 trillion, representing 20 per cent of the EU gross domestic product (GDP).

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