scholarly journals SIGNIFICANCE OF THE METALLURGICAL INDUSTRY OF AZERBAIJAN IN THE NON-OIL SECTOR, THE ROLE OF AZERGOLD CJSC IN THE ECONOMY OF THE REPUBLIC

Author(s):  
Sadagat Ibragimova Sadagat Ibragimova

Geological surveys carried out by the Closed Joint Stock Company (CJSC) AzerGold for the exploration of new deposits and expansion of production areas are giving positive results. For an effective assessment of reserves at the fields, AzerGold CJSC conducts intensive exploration work and drills deep wells in these fields. Since 2017, AzerGold CJSC has been mining Chovdar, Agyokhush, Tulallar, Marakh, Filizchay etc others and Jayirchay gold, as well as it carries out various works on fine metal deposits. The latest financial indicators of AzerGold CJSC give reason to say that it is a stable company. It is expected that AzerGold CJSC will react faster to the growth rates in the world markets due to the work carried out at new gold deposits and efficient use of resources. The net profit of a Closed Joint Stock Company has been growing at a higher rate over the years. AzerGold CJSC produces ingots and coins from Azerbaijani gold and silver in various historical designs. Bars and coins are currently sold in stores owned by Italdizain Group, Levata Group and SI Luxury World, which have a long history of selling premium goods. AzerGold CJSC will soon become better known in the local and international markets as a gold producer of the country. AzerGold CJSC issues bonds, increases the company's technological capabilities for gold production and strengthens production in order to bring more gold to the world market. Recent financial indicators of AzerGold CJSC give grounds to say that it is a stable company. The company's revenue, net profit and total capital of the company in 2019 increased several times compared to 2018. Keywords: AzerGold CJSC, geological exploration works, drilling works, production works, efficiency.

2021 ◽  
pp. 32-42
Author(s):  
О.М. Safronov ◽  

A brief history of the development of high-speed passenger traffic in the countries of the world is shown, it is shown that the length of high-speed highways (SMM) in the world is 44 thousand km. Despite the fact that Ukraine is not included in the list of 28 countries with the SMM, a two-system electric train ECR1 "Tarpan" was created on the basis of the PUBLIC JOINT STOCK COMPANY "KRYUKOVSKY RAILWAY CAR BUILDING WORKS" (PJSC "KVBZ") for the speed of movement of more than 200 km / h. A description of the electric train and the peculiarities of the brake system are given. It is shown that the brake system corresponds to world counterparts for high-speed trains about what evidence test results, which, due to the lack of ATS, were carried out for a speed of 160 km / h. The results of the settlement research, using the mathematical model and the results of the driving brake tests, showed that the braking pathway of the electric train at a speed of 200 km / h is 1539 m, and at a speed of 300 km / h - 3172 m. The obtained brake path values comply with the technical requirements of the European Union TSI . Studies confirm that Ukraine has high-speed rolling stock for speeds up to 300 km / h. Key words: high-speed rolling stock, electric train, brake system, brake path, speed


Author(s):  
Oldřich Tvrdoň ◽  
Radmila Presová ◽  
Martin Přibyl

The thesis “Economic-legal aspects of business assets definition and its effectiveness analysis” analyses the contribution of business assets in joint-stock company Svornost Těmice. The company operates in the field of agricultural primary production. Focus of plant production still keeps the traditional composition of plants grown. In connection with increasing the quality of effectiveness of the machinery the area of corn-production will be expanded. In animal production, the company specialises on the pig-feeding and milking-cows.The theoretical part includes the opinions of the world economists and managers on the definition of basic concepts related to business assets. These opinions are confronted with those of Czech authors, in order to acquaint students of the Faculty of Business and Economics with them – focusing on students of the Trade Management specialisation.The practical part is focused on analysis of effectiveness of business assets in the selected company. It have confirmed that managers of this business have to improve the intensity of exploitation of the asset base and thus to reach its higher effectiveness. This task is necessary for operation in the intensive-competition environment formed after the entrance into the European Union.


Author(s):  
Sára Czina ◽  

At the turn of the 20th century, Budapest was famous for its Coffeehouse Culture. One of the most popular Café was the New-York Coffeehouse; today, it is remembered for its literary life. After 20 years of operation, in 1913, new people bought the tenant’s rights and established the first Coffeehouse joint-stock company in Hungary, called New-York coffeehouse Company Limited. This paper aims to analyze the operation of the Company in relation to the stock transfers, analysis of its profitability, and the changes in the transformations in the shares. The main goal was to figure out how the profitability and the stock transfers were connected to the contemporary social and economic circumstances. The years of the World Wars, Revolutions, the Great Depression, and the cultural/social life of the twenties had their deep effects on the life of the Company. The changes were perceptible for the public, too. Many articles were published about the hardships of the Company and the changing atmosphere of the Coffeehouse. These were different; not all of them damaged the interest of the Company Limited equally. Still, the difficulties influenced the stock transfers, profitability, and the everyday life of the Managers and Shareholders. These circumstances are parallel to the changes of the Company.


Author(s):  
Esmira Fizulievna Agabalaeva ◽  
Nataliya Aleksandrovna Dubinina

Public joint-stock company (PJSC) "Sberbank of Russia" is one of the leading credit institutions in the Russian Federation. This is achieved through wise managerial decisions and a successful management system. PJSC "Sberbank of Russia" is a universal commercial bank that provides its clients with more than 100 various services related to raising funds for deposits: lending, cash and settlement services, dealing, brokering, securities transactions, etc. All the main financial indicators that characterize the activities of PJSC "Sberbank of Russia" for the reporting year demonstrate a steady growth. The analysis allows to conclude that the financial state of PJSC "Sberbank of Russia" are stable, and the positions taken in the banking service market are the leading ones.


2018 ◽  
Vol 15 (5) ◽  
pp. 40-50 ◽  
Author(s):  
A. V. Sharkova ◽  
T. I. Chinaeva ◽  
A. S. Klepackaya

The aim of research. Construction belongs to one of types of economic activity and key industry, thereby having significant effect on economy and growth of well-being of nation and its economic entities. However, the crisis conditions of the last few years could not but affect the construction activity. In this regard, the analysis of the existing situation in the sphere of construction and studying of the factors, influencing increase in efficiency of activity of the construction organizations is a relevant task. The goal of this article is to study and analyze construction area by studying individual organizations, which were chosen in database “SPARK”. One of the most important quality indicators, characterizing the organization’s activities is profit, which is the final financial result and allows replenishing the organization’s financial resources. The work has evaluated the effectiveness of the formation and use of profits of the analyzed organizations, identifying existing problems. The profit is a factor that determines productivity of organization, its liquidity, ability to pay, financial sustainability in the modern market. A part of research performs economics and statistics analysis of main economic indicators, characterizing the formation and use of profit in organizations of the construction industry, and financial activity analysis of the two largest construction organizations in part of profit formation and its use.Materials and methods. Informational background is statistical data and analytical information about financial activity of construction organizations. Methodological basis of the research is statistical methods of data analysis: comparative and dynamical analysis, variational analysis, correlation and regression analysis.Results. The role of construction area in economics of Russia was analyzed. Construction is the key industry that influences the formation of the national economy. Main indicators that describe efficiency of activity of construction organizations were considered; analysis of number of indicators about activity of construction area was implemented; a group of organizations was chosen by using database “SPARK”; interrelationship between earnings and net profit was studied, comparative analysis between Ltd “Stroyregistr” and Closed Joint Stock Company “SEDO” is implemented. The main types of profit such as gross profit, profit on sales, before-tax profit and net profit were considered. It is worth noting that these types of profit are interrelated, since one category arises from the other depending on the income and expense items inherent in one or another type of profit. Analysis of the state of construction organizations involves the study of factors affecting their activity. For this purpose correlation and regression analysis was used in the work. Conclusion. To study the process of forming and using profits as an object of research, Ltd “Stroyregistr”, which operates in Moscow region, was chosen. As the competitor, Closed Joint Stock Company “SEDO”, which is also carrying out activity in Moscow region, was considered. During the analysis of these organizations, it was revealed that the activity of Ltd “Stroyregistr” is more stable and successful compared to Closed Joint Stock Company “SEDO”, which showed a sharp decline in financial indicators in 2016. However, the value of profitability on net profit in Ltd “Stroyregistr” is lower than the industry average value, which is associated with a low value of the net profit.As a result, the reasons that influenced the low value of net profit were identified. One of the main reasons is the high cost of the rendered services.


2016 ◽  
Vol 8 (2) ◽  
pp. 182-191
Author(s):  
Rima Tamošiūnienė ◽  
Justina Paškevičienė

The demand for value determination increased after rising of the Lithuanian economics. The joint-stock company value depends on the stock price and the company’s profit according to the “stock pricing for profit” method. The purpose of this scientific paper is the financial indicators’ and listed company’s stock price link determining the value. The analysis methods are: the research of scientific literature, data analysis, summarizing and graphic visualization. The link between financial indicators and the stock price is determined on the basis of correlation regression analysis. The analysis showed that listed on the stock exchange company’s stocks already have some value as they raise the capital. The research results revealed the stock price’s direct dependence on the fixed asset turnover and the debt-to-asset ratios. Likvidumo rodikliai traktuojami kaip vieni iš svarbiausių įmonės finansinę būklę rodančių rodiklių. Likvidumas neatsiejamai veikia įmonės vertę. Svarbu nustatyti, kaip, kontroliuojant įmonės likvidumo rodiklius, teigiamai paveikti įmonės vertę ir identifikuoti esminius įmonės finansinio likvidumo veiksnius, kuriems reikėtų skirti daugiausiai dėmesio, siekiant maksimizuoti įmonės vertę. Straipsnyje pateikiamas išvestinis DuPont analizės modelis, pagal kurį vertinamas įmonės grynasis apyvartinis kapitalas ir pridėtinė ekonominė vertė (angl. Economic Value Added – EVA). Ši minėto modelio kintamųjų priklausomybės schema pagrindžia likvidumo poveikį galutinei įmonės vertei. Pateikiamas praktinis modelio veikimas bei išvados. Šis išvestinis DuPont analizės modelis, paremtas apyvartinio kapitalo ir EVA kintamaisiais – tai instrumentas, naudingas įmonės vadovams bei akcininkams, siekiant padidinti įmonės vertę valdant įmonės likvidumą, ieškant papildomų galimybių didinti įmonės likvidumą.


2015 ◽  
Vol 12 (1) ◽  
pp. 79-105
Author(s):  
Stephanie Po-yin Chung

The Kwong Tai Company (光大公司 1917–1960) holds a unique position in modern Chinese history as the first joint-stock company registered in British Hong Kong that originated as an ancestral tong in South China. Its history reflects how a traditional ancestral tong adjusted its operations in a unique historical setting and coped with a new identity. This case provides a missing chapter in the story of how traditional Chinese corporate institutions came to terms with Western ideas of the company and company law. By looking into the institutional and cultural transformations of the Yip Kwong Tai Tong, this article reveals how traditional Chinese institutions responded to political and economic changes in Republican China, when the state in China evolved into a different form, and the ritual-based society was in decline, especially when the world economic system entered coastal China.


2017 ◽  
Vol 15 (4) ◽  
pp. 230-242
Author(s):  
Oleksandr P. Krupskyi ◽  
Nataliia Stukalo ◽  
Nataliya A. Krasnikova ◽  
Yelina A. Falko

The hotel sector of the travel industry is the leader according to the indicator of economic growth, which is observed in both developed and developing countries. Even under the economic instability and global natural disasters, the industry has seen growth in recent years. The franchising model for expanding activities is central to all successful hotel chains.The article deals with the franchising model for the travel business expansion and the economic performance of hotel chains such as Marriott International, Wyndham Hotels, and Hilton. They hold a prominent place in the global hotel business, have a steady tendency to expand their business, hold high positions in the ranking of the best franchises in the world and have been recognized by experts.The main risks for the franchisor and franchisee are determined when making a decision on the expansion of the international travel business, which must be taken into account when developing new markets for hotel chains. The main advantages of the franchising model of expansion, which promote understanding between the parties of the franchise agreement, dynamicize hotel chains expansion and allow for reducing their expenses and increasing incomes.It was found that the growth of net profit and total income in the indicated hotel chains was due to the increase in the number of rooms in franchising and the positive dynamics of franchise income. A more dynamic pace occurred after the crisis growth in revenues from the franchisee compared with the managerial model. A closer relationship between revenues and key financial indicators has been proved when using a franchising model.


1997 ◽  
Vol 2 (2) ◽  
pp. 39-58
Author(s):  
Sikander Rahim

The governance of an institution is normally partly ensured by other institutions, which depend on yet other institutions for their governance. But who ultimately guards the guardians? For the liberal electoral democracies of Europe and America the answer that evolved from the political thought of the eighteenth century and the limited liability joint stock company of the nineteenth was, crudely put, checks and balances and voters, who could be the electorate or shareholders. Its limitation is that it presupposes a state and the right of the voters to vote in their own interest. How, then, can good governance be ensured for international organisations, especially the World Bank and the International Monetary Fund, in which the representatives of the developed countries hold the majority of the votes on the Boards and are expected to cast them, not in their own immediate interests, but in the long term interest of the developing countries that borrow from these institutions?


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