OJS (University St. Kliment Ohridski)
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RESIDENTS’ PERCEPTION ON TOURISM IMPACT FACTORS: A STUDY OF OHRID, NORTH MACEDONIA
Get PDFRapid tourism growth may negatively affect the sustainability of the destination and disrupt the life of local residents. This paper explores the direct and indirect connections among tourism impact factors in the area of sustainability. Exploratory factor analysis is conducted in order to assess the underlying dimension of residents’ satisfaction with given impacts of tourism development. The authors use the three-pillar sustainability concept (socio-cultural, environmental and economic) and suggest a model that measures residents’ attitudes on tourism impacts. The model is empirically tested by elaborating the case of Ohrid (North Macedonia). The study informs tourism policy makers how to manage tourism impacts and to improve sustainability perspective. The proposed model can be adopted and applied to any tourism destination facing unsustainable development
THE EDUCATION AND MARKET PARADOX OF THE INSURANCE STAFF
Get PDFThe relevance of the study is due to the development of the Russian insurance market, and, accordingly, changes in the insurance staff qualifying requirements. In modern Russian Federation three main complex factors determine this change: technological, organizational, juristic development of the insurance market, development of the educational system and new realness of the labour market. Since 2012 – 2015 the labour market innovations are concern with the professional standards, but especially in the insurance market their implementation is too hard compare another financial and industry sectors. The second factor is new forms of education results, content and structure development of educational system: for example, Master Program “Insurance Business” received the first certificate of professional public accreditation among all Russian educational organizations and programs (this is once more paradox, considering a low demand for the profession). Finally, of course, the insurance market, which defines the functional content and requirements for specialists. In this regard, the article is aimed at the confirmation of the objectivity changes in requirements for insurance staff, identification the opportunities, the development proposals of the insurance staff profession, the main changes in the requirements for specialists
FACTORS THAT INFLUENCE THE TURNOVER OF EMPLOYESS IN TOURISM SECTOR IN BULGARIA
Get PDFStaff turnover is a problem that is distinguished by great importance and growing relevance to business practice worldwide. Its importance is directly related to the negative effects it has on the organization dynamic and effectiveness. The main purpose of the paper is to find out and summarize the basic factors that have influence on the employee’s decision to leave the company they work for in the tourism sector in Bulgaria. The relevance of the selected topic is confirmed by many challenges specific to field of tourism. The low-skilled manpower and weak motivation, which in some cases is even lacking are only a few of the well- known challenges that tourism enterprises face in their effort to survive in the Bulgarian market and achieve their goals. Human capital is the key for the success so it is of critical importance to go in depth and analyze factorsthe determine the decision of employees to leave the company in order to work on a strategies to prevent the lost especially of well trained and productive organizational members.
 
EMPIRICAL ANALYSIS OF PROFITABILITY, NON PERFORMING LOANS AND OPERATIONAL EFFICIENCY IN MACEDONIAN BANKING SECTOR
Get PDFIn this paper are examined impact of share of non performing loans and cost to income ratio to banks’ profitability measured through rate of return of average assets in macedonian banking sector. For that aim, have been used date on quarter basis from 2010 until Q3 2019 which are grouped according to the size of assets of banks i.e large, medium and small. In the analysis have been used descriptive statistics and models for estimating multiple regression using the method of ordinary least squares. Results from the analysis show that share of non performing loans and cost to income ratio has significant statistical impact to rate of return on average assets. With increasing the share of non performing loans and with increasing the cost to income ratio, are decreasing the rate of return on average assets in all three groups of banks, and that is predominantly showed in group of large banks in macedonian banking sector. Thus, in traditional banking model is confirmed that the credit portfolio plays a dominant role in the operation of the banks. Loans are a major source of banks’ revenues, but at the same time they are also connected with highest risks. Problems in the credit portfolio are basic generators of problems, also in the other areas of banks’ operations and determine the profitable positions of the banks
JOINT ASSESSMENT OF THE SAFETY AT WORK AND ENVIRONMENTAL IMPACTS
Get PDF At the height of the new industrial era, the processes of production and storage tend to replace the conventional with automated remote control. The question is: how would the new industrial age affect workers\u27 safety? This research is a brief overview of the general safety criteria, selecting the most appropriate alternative. Also, a short overview is given to the significance of environmental impact issues, which should be approached from the health and safety perspective, in order all together to recognize the importance of all aspects of actions, products and services in the industry
A NEW DIGITAL AGE IN FINANCE: BLOCKCHAIN AND SMART CONTRACTS
Get PDFDigitalization in finance is an irreversible process, which manifests itself in many different dimensions. Blockchain is an innovative technology that can significantly increase the operational effectiveness of key processes in the financial services industry by reducing costs, enhancing the security and transparency of transactions, and speeding up the settlement process. The idea of smart contracts’ implementation in blockchain is suitable for financial transactions, where a link between fulfilling contractual terms and performing actual transactions is established. The ‘’blockchain - smart contract’’ combination forces the execution of all transactions in accordance with the contract terms and leaves a door, wide open for the automation of key processes. What makes using a ‘smart contract’ beneficial is its ability to eliminate mediation from third parties, such as agents or trustees. The invasion of digital technology is expected to bring dramatic changes in the nature of financial intermediation. This research paper is focused on assessing the expected degree of blockchain penetration and its impact on selected key segments of the financial industry (e.g. global payments, trade finance, capital market trading, syndicated lending, insurance and compliance). Barriers and challenges to the new application’s wide spreading are also analyzed. Based on this research, conclusions about the expected degree of applicability of blockchain in the financial sphere are drawn, and proposals for the initial steps in this direction are made
EVALUATING DATA ANALYTICS ADOPTION IN SELECTED COMPANIES OF THE FINANCIAL SECTOR IN THE REPUBLIC OF NORTH MACEDONIA
Get PDFData analytics has become one of the driving forces for digital transformation efforts of companies around the world (Keary, 2019). Nowadays, in a highly digitized environment, companies generate data across different sources which is increasing rapidly in volume, variety and velocity. There is no doubt that companies can use these datasets for creating a more efficient services that deliver a more targeted customer experience. Hence, the importance of data analytics has become essential for organizations to find new opportunities and gain new insights to run their business efficiently. Emerging literature and the empirical evidence suggest that companies from the financial services sector have a lot to gain by adopting data analytics (minimize risks, detect fraud, improve credit risk management, improve marketing activities in real time etc.). In spite of that, companies in the country are still in the early stages of adoption of data analytics technologies. This research is a pilot study and represents the first attempt to assess the data analytics adoption maturity in selected companies of the financial sector in the country. The methodology used in this research for evaluating data analytics adoption is based on Maturity Model for Data and Analytics (IT Score for Data and Analytics) (Gartner, 2017), since it best describes maturity levels in service sectors. The assessment is founded on interviewing managers using questionnaire that guides respondents through all dimensions and levels proposed by the model. In the model four measurement areas are analyzed: Strategy, People, Governance and Technology. For each area, five maturity levels are defined: Basic, Opportunistic, Systematic, Differentiating and Transformational. Survey results confirmed that analyzed companies fully understand the benefits of data and analytics as valuable source to gain competitive advantage from data and the overall level of data and analytics maturity is set on level 2 for almost all dimensions
STRATEGIC DEVELOPMENT OF THE ASSOCIATION OF LOCAL SELF-GOVERNMENT: THE ROLE OF TRAININGS IN BUILDING THE ADMINISTRATIVE CAPACITIES OF THE MUNICIPALITIES IN THE REPUBLIC OF NORTH MACEDONIA
Get PDFThe goal of this paper is analysis of the strategic development of the Association of Local Self-Government for a 2011-2016 time period by pointing out the system of trainings of the employees in municipal administrations under the official responsibility of the Association. In the paper are applied different methodology approaches of research depending on the subject of research i.e. historical method, content analysis and comparative analysis. The research results point out to a fully accepted andsatisfying level of planned and implemented scope of planned and implemented training activities in different thematic units and areas of the administrative life for a 2011-2016 timeframe. In any case, there is a different variability of the planned and implemented trainings during different years from the abovementioned time period. The conclusions of the research offer a number of answers but, also, propose a number of certain answers as recommendations for a new research considering the future development of the trainings as part of the general strategic development of the Association of Local Self-Government
FEDERALISM THROUGH THE THEORIES OF EUROPEAN INTEGRATION
Get PDFThe discussion on the future shape of the European Union (EU) always provokes a political debate about the political finality of the EU that brought federalism back on the European agenda. The concept of federalism has always been a source of inspiration for European construction, often implying the transformation of the EU into a federal state. For federalism, the aim of the European Union is to integrate different entities, but not to assimilate them. It is about finding the balance between ‘self rule’ and ‘shared rule’, about being a unified entity and maintaining diversity and difference. Federalism itself has had a great impact on the growth of the European Union in terms of its values and purposes, in the context of the process of European integration and the process of political integration of Europe. Hence, a politically united Europe would mean a stronger, more viable and assertive Europe in international affairs. The Constitutional Treaty, which equally strengthens the intergovernmental and the supranational institutions of the EU, is an example of the federal nature of the EU. It is an act that balances between the representation of the territorial and functional interests. Thus, federalism is useful for reflecting on Europe’s political finality and provides a better tool for understanding the current structure and functioning of the European Union, because a united Europe needs to reflect a stable political unification
EXTENDING THE SHELF LIFE OF RAINBOW TROUT VIA APPLYING COLD TREATMENT PROCESSES: A REVIEW
Get PDFCold treatment processes are very important in the field of food preservation, reliability of the product and extending shelf life. With different combinations and variations of temperatures, different cold treatments were developed. In this trend the superchilling process has been defined as a process were the temperature of food product is lowered somewhere close (1-2 °C) to the cryoscopic point. Storing food at superchilling temperatures can maintain food freshness, retain high quality and safety of products with suppressing growth of microorganisms. Nowadays large percentage of people have information about how important is healthy diet on general health, thus the demand of high quality food products is very high. Superchilling process is developed from this need for high quality and long shelf life products with initial quality parameters. In this point of view decisive are mechanism of ice crystal formation and modeling and optimizing of mathematical models of the variables in the system