Bulgaria and Romania were admitted to the European Union (EU) on January 1, 2007, thus making their longcherished desire into practice. It was not easy path for the both countries to reach this date. Due to their worse political and economic performance, the both countries were not admitted to...

After giving a general view of the economic crisis in new EU member states in Central and Eastern Europe, this paper examines the causes, focusing on Baltic States, especially Latvia. Thanks to the Single Market of the EU, workers in this country became able to migrate to advanced EU countries,...

What is corporate governance? This concept has been interpreted in various ways. In the USA the corporate governance is to subordinate a company’s managers to the shareholders’ benefit. In contrast, the European type of corporate governance attaches importance to the social value of a...