scholarly journals Due Diligence Driving the Success of Mergers and Acquisitions in Macedonia

2016 ◽  
Vol 6 (2) ◽  
pp. 1
Author(s):  
Dushica Stevchevska Srbinoska
Keyword(s):  
European Union ◽  
Mergers And Acquisitions ◽  
Due Diligence ◽  
The European Union ◽  
Public And Private ◽  
Republic Of Macedonia ◽  
Communications Industry ◽  
Potential Risks ◽  
The Republic ◽  
Set Up

The act of due diligence is of vital importance when considering the possibility to enter the Macedonian market through merger and/or acquisition transactions. In this paper, I discuss that due diligence helps reduce potential risks or even results with curtailing the transaction as most of the Letters of intent never come to life. Many Macedonian entities, both public and private, operate in an environment considerably different to the European Union economies, a fact that inspires many questions with potential investors, especially in those who come from the European Union. If proper preparation takes place, and the expectations and processes are duly taken into account, successful merger and/or acquisition can be conducted in the Republic of Macedonia in spite of facing numerous difficulties.  Finally, I discuss that several suggestions/factors can maximize the chances of success, demonstrated with the example of due diligence process set-up prior to the one.Vip merger that marked the Macedonian communications industry in 2015.

scholarly journals DEVELOPMENT OF BANK ASSURANCE IN THE REPUBLIC OF MACEDONIA

2019 ◽  
Vol 30 (1) ◽  
pp. 93-98
Author(s):  
Nikola Dacev
Keyword(s):  
European Union ◽  
New Technologies ◽  
Distribution Channel ◽  
Developed Countries ◽  
The European Union ◽  
Member States ◽  
Insurance Supervision ◽  
Republic Of Macedonia ◽  
The Law ◽  
The Republic

Banking has gained a new dimension throughout the world in the last few decades due to the integration of global financial markets, the development of new technologies, the universalization of banking operations and diversification into non-banking activities. The merging of various financial services has provided synergies in the banks' operations and development of new concepts. One of these concepts is bank insurance (or banc assurance). Banc assurance, as an emerging distribution channel of insurance, essentially is defined as mediation of banks in the sale of insurance policies issued by insurance companies that are most often used as additional collateral for banks when giving loans to their clients, while the clients with the purchase of credit insurance through banks are secure in case of inability to pay off the loan due to occurrence of the insured risk, whereby the insurer covers the remaining debt of the client towards the bank. Banc assurance is much more developed in Western European countries, but in recent years this type of insurance has noted a trend of growth in the less developed countries also. Banks in the Republic of Macedonia, as well as banks in other countries in the region, try to encourage the development of banc assurance, but it still has a low level of growth in comparison with the European Union member states. This paper presents the level of development of banc assurance as well as its share in the insurance market in the Republic of Macedonia by analyzing the annual reports of the Insurance Supervision Agency of the Republic of Macedonia for the past few years. Consequently, an appropriate comparison was made between the realized values of the gross written premium of the banks as intermediaries in insurance with the realized values of the gross written premium of the other insurance intermediaries (insurance brokerage companies and insurance agencies); and a brief comparison was made with the share of banc assurance in the insurance markets in several countries in the region. The purpose of the paper is to determine the reasons for the situation in which the banc assurance in the Republic of Macedonia is, to analyze the need and the possibility for its development, as well as to determine the manners for banc assurance to reach the level of development in the member states of the European Union as soon as possible. For this purpose, an adequate analysis of the level of implementation of the European Directives for banc assurance (such as the Directive on Insurance Mediation and the Directive on Insurance Distribution) in the legal framework of the Republic of Macedonia has been carried out, as well as analysis of the national legislation regulating banc assurance in the Republic of Macedonia, covered in couple of provisions in the Law on Banks and the Law on Insurance Supervision.

scholarly journals Migration movements and their implications for Republic of Macedonia

2017 ◽  
Vol 5 (2) ◽  
pp. 1 ◽  
Author(s):  
Marina Andeva
Keyword(s):  
European Union ◽  
Middle East ◽  
South Asia ◽  
Economic Crisis ◽  
Practical Implementation ◽  
The European Union ◽  
Republic Of Macedonia ◽  
Balkan Countries ◽  
Migration Flows ◽  
The Republic

Migrants and refugees coming from Africa, the Middle East, and South Asia have presented European leaders and policymakers with their greatest challenge since the Europe’s economic crisis. Mediterranean external borders of the European Union have been largely affected with tragic events and overwhelming management of huge migration flows, which in the last two to three years have changed their course through the territory of Western Balkan countries. In times when unfortunately, an establishment of a single unified system based on the principle of shared-burden and solidarity is still waiting for practical implementation and execution, a part of the shared-burden and responsibility for managing migration flows have been transferred to the transit countries along the so-called “Balkan route”. The Republic of Macedonia and its role within the Balkan route has been seen crucial and frequently disputed. Understanding the position of this country, requires an overview of few aspects which need to be taken into account. In order to assist this endeavor, this article will attempt to presents the Macedonia experiences with migration movements.

scholarly journals Public and Private Ports in Croatian Law

2016 ◽  
Vol 28 (3) ◽  
pp. 215-224
Author(s):  
Goran Vojković ◽  
Neven Grubišić ◽  
Lea Vojković
Keyword(s):  
European Union ◽  
Economic Development ◽  
Public Service ◽  
General Purpose ◽  
The European Union ◽  
Public And Private ◽  
Public Traffic ◽  
The Republic ◽  
The Eu

Existing classification of the Croatian seaports does not fit the level and meet the needs of the economic development of the Republic of Croatia, particularly after the Republic of Croatia joined the European Union. Equalizing public service offered by a port with the purpose of the port itself (general purpose – port open for public traffic, special purpose – port not open for public traffic) limits the economic development and aggravates the implementation of the basic market policies of the EU. Therefore, modernisation of the basic classification of ports in the Croatian legislation is suggested. Basic categorization of ports should be as follows: public service ports, private service ports and private ports for private needs of an entrepreneur.

scholarly journals On the possibilities of launching a regional pilot project for the development of a low-carbon economy in the Republic of Tatarstan

Georesursy ◽  
2021 ◽  
Vol 23 (3) ◽  
pp. 24-31
Author(s):  
Igor A. Makarov ◽  
Evgeniya E. Muzychenko
Keyword(s):  
European Union ◽  
Greenhouse Gas ◽  
Carbon Footprint ◽  
Pilot Project ◽  
Low Carbon ◽  
The European Union ◽  
Low Carbon Economy ◽  
The Republic ◽  
Set Up ◽  
Carbon Economy

Decarbonization is one of the main trends in global development of the last decade. More than 120 countries have already announced plans to achieve net-zero emissions by the middle of the century. Among them are Russia’s largest trading partners, including the European Union, China, Japan, the Republic of Korea, Kazakhstan, as well as the United States. These ambitions are supported by a tightening carbon regulation: carbon pricing has already been set up in 64 countries and regions. In the largest emissions trading system – the European one – carbon price has already exceeded 50 euros per ton of emissions. Significant effort in decarbonization has been taken in many industries (e.g., civil aviation, maritime transport, oil and gas industry), companies (which set up carbon neutrality targets and introduce internal carbon pricing) and the financial sector. Standards for corporate information disclosure about emissions and strategies for their reduction, in particular CDP and TCFD, are being developed and adopted. At the same time, ways to put pressure on competitors who do not want to bear the costs associated with reducing greenhouse gas emissions are being developed. For example, the Carbon Border Adjustment Mechanism (CBAM) will be launched by the European Union in 2023. All these trends mean that products with low carbon footprint become not just a competitive advantage for a company, but also an inevitable condition for its presence on the international market. Companies with a high carbon footprint face less favorable conditions of borrowing, as well as trading barriers and growing pressure from customers both corporate and individual. In this regard, the development of low-carbon economy in Russia is inevitable to minimize the costs associated with tightening regulation. It is becoming particularly relevant for export-oriented regions with large emissions, including the Republic of Tatarstan. In our opinion, the launch of a pilot project to regulate greenhouse gas emissions in this region is important not only for GHG reduction itself, but also for increasing competitiveness of Tatarstan companies on international markets and attracting investment from both Russian and foreign investors. In this paper, we explain the need to launch such a pilot and relying on the existing Russian and international experience on the one hand and taking into account the characteristics of Tatarstan’s economy on the other, we demonstrate a scheme by which such a project can be organized.

scholarly journals Toward a Uniform Court Practice in the Republic of Macedonia

2017 ◽  
Vol 13 (28) ◽  
pp. 215
Author(s):  
Jelena Ristik
Keyword(s):  
European Union ◽  
Rule Of Law ◽  
Candidate Country ◽  
The European Union ◽  
National Legislation ◽  
Republic Of Macedonia ◽  
The Supreme Court ◽  
The Status ◽  
The Republic ◽  
Court Practice

Despite the different perceptions regarding the status and treatment of the court practice in the Republic of Macedonia, judicial and state authorities are united in their view that there is a need for achieving a higher degree of uniformity of court practice. The need for a higher degree of uniformity of court practice was also noted by the European Union within its latest reports on the progress of the Republic of Macedonia as a candidate country for membership in the European Union as well as in the recent Report on Macedonia: Assessment and recommendations of the Senior Experts' Group on systemic Rule of Law issues 2017. This paper will try to resolve the various different interpretations as regards the court practice in Macedonia and define its role, treatment and application. This will be achieved mainly through analysis of the relevant national legislation. Further, possible new tools will be considered for achieving a greater uniformity of court practice. It will be argued that the court practice should serve as an additional means of argumentation within the reasoning of court judgments, which will contribute to increasing the degree of uniformity of court practice and rule of law as well. Finally, some suggestions will be given in order to provide for better conditions for the Supreme Court to exercise its constitutional competence to ensure the uniform application of the laws by the courts and thus ensure the existence of a uniform court practice.

Republic of Macedonia – Theoretical and Practical Approach to the European Integration

2017 ◽  
Vol 10 (2) ◽  
pp. 293
Author(s):  
Suzana Mehmedi Ph.D ◽  
Ilir Mehmedi Ph.D
Keyword(s):  
European Union ◽  
European Integration ◽  
Political Institutions ◽  
Communicative Action ◽  
Functional Adaptation ◽  
Practical Approach ◽  
The European Union ◽  
Policy Integration ◽  
Basic Premise ◽  
Republic Of Macedonia

The problem of research is very current for several reasons. Namely, the dominant approach on the basis of which are based all have developed and established theories of European integration, developing modern theories of international relations is a realistic basis. Neo-functionalism, inter-guvernmentalism, neo-liberalism, institutionalism (in most of its variants) as the most developed branches of the theory of European integration, despite differences in their settings to keep the basic premise that states are rational, unitary actors, whose interest stems from the assessment of their position in the system of states. For our study caused a special interest model of constructivism using Habermas theory of communicative action according to which entities in mutual interaction is open to other arguments and their validity appreciate having regard to the outgoing reasons and norms on which they are based, thereby seeking consensus as a common goal. Apply to the European Union, this approach allows European institutions were perceived as a place of discussion to reach consensus on solving common problems, rather than just the arena for bargaining. Functional adaptation to the numerous petitions which sets the European Union, requires thorough and integrated activities in the economic, institutional, administrative and legislative spheres. This process should be understood as a continuous, painstaking and long process, not a single radical surgery. Republic of Macedonia, as countries aspiring for membership in the European family must meet the political and economic criteria and to adapt political institutions in the country with those of the European Union and their needs and requirements. The aim of this paper is to perceive the key features and trends in the politics of enlargement and to make a comparison between the policy of expansion applied in the process of accession Central and Eastern Europe and the policy of expansion in the process of stabilization and association, with special emphasis on the Republic of Macedonia. Of course, previously been necessary to develop theoretical and practical approach to the concept of policy integration, development and its major elements and modalities.

Wyzwanie dla tożsamości międzynarodowej Macedonii – grecko macedoński spór o nazwę państwa

2019 ◽  
Vol 17 (1) ◽  
pp. 333-350
Author(s):  
Artur Adamczyk ◽  
Mladen Karadzoski
Keyword(s):  
The European Union ◽  
Small Country ◽  
Main Obstacle ◽  
The Road ◽  
Republic Of Macedonia ◽  
The Republic ◽  
The Government ◽  
On The Road ◽  
International Identity ◽  
Of Greece

The main purpose of the article is to present how the Greek- -Macedonian naming dispute influenced the problem of implementation the international identity of Macedonia. Despite the initial problems of the government in Skopje related to determining their international identity, Macedonians managed to define the principles regarding the identification of a new state on the international stage. As a small country with limited attributes to shape its international position, Macedonia has basically been determined to seek guarantees for its existence and security in stable and predictable European international structures such as NATO and the European Union. The main obstacle for Macedonians on the road to Euro-Atlantic structures was the veto of Greece, a member of these organizations, resulting from Athens’ refusal to accept the name the Republic of Macedonia. The Prespa Agreement of 2018 gave a new impetus to the realization of the international identity of North Macedonia.

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