A major problem in all European Union (EU) budgetary negotiations is the approach of Member States in net return terms (the fair-return approach). EU members compare their contributions to the EU budget with transfers that they receive from the budget. Net payers tend to reduce the size of the...

The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by monetary integration) on business cycle synchronization which is an important factor of a country's readiness for a currency union accession. The main conclusion from the first part...

On 1 September 2014, the Association Agreement (AA) between the EU and Georgia partially came into force. Its main pillar is a "deep and comprehensive free trade agreement" (DCFTA). It provides for the full liberalisation of trade in industrial products and substantial reduction of barriers in...

On 1 September 2014, the Association Agreement (AA) between the EU and Georgia partially came into force. Its main pillar is a "deep and comprehensive free trade agreement" (DCFTA). It provides for the full liberalisation of trade in industrial products and substantial reduction of barriers in...

Against the background of the present system of financing the EU budget, proposals of two new taxes presented by the European Commission in the framework of the Multiannual financial framework 2014-2020 were discussed: the modified resource based on VAT (the so called new VAT) and a new proposal...

Bulgarian Abstract: Европейската интеграция е най-важният политически процес в Европа през XX и XXI век. Интеграцията продължава и се задълбочава и в наши дни, въпреки...

Situation of Poland's public finances has been improving. Helped by solid economic growth in 2011, Poland has reduced its budget deficit in line with the Commission's recommendations. Contrary to earlier forecasts, in 2012 it was slightly above the ceiling of 3% of GDP. It should be further...