The development of SMEs is very sensitive to the overall economic situation of every country such as the dynamics of economic growth, stability of the local currency, supply and demand on the home and foreign markets and the state’s micro-economic policy. This paper discusses the SME...

Maastricht criteria are well known to be arbitrarily designed. To top it all off, times and again they’ve been only briefly fulfilled and –worse even- often manipulated with. Among them, fiscal criteria and overall Stability and Growth Pact are perhaps the most controversial of all, as...

In developed market economies led by fast development of IT and database software, like EU and USA, priority of business activity is two-way strategic communication between companies and their consumers. Customer relationship management (CRM) is a relatively new concept, which aims to enable...

Slovakia has realised several reforms after year 2000. One of the first reforms was restructuring of banking sector at the level of commercial banks and central bank, too. General conditions were harmonised with European standards. Stabilised and sound bank sector enabled application of other...

The increase in both public and private indebtedness has been one of the main macroeconomic developments in recent years. This trend has been accompanied by large current account deficits, especially in smaller countries, such as Greece and Portugal. One possible explanation for this behaviour...

This paper is focused on the process of introducing the euro in Slovak Republic. The first part analyses the strategy of monetary policy during this process, namely the inflation targeting. The second part mentions the road to European Economic and Monetary Union, particular steps and Maastricht...

In the process of joining the European Union, it was important to harmonize the accounting system of Slovakia with the one used in the member states of the European Union. The Slovak Republic prepared a new Act on Accounting, which reached a comparability of Slovak accounting jurisdiction with...

During the 1980’s, Portugal experienced a decrease in income inequality but this decrease was not uniform across the income distribution and, in recent years, income inequality seems to be following the opposite path. From around the year 2000, the Portuguese economy has become almost...

The Slovak Republic as one of the transitive economics had implemented several reforms in the beginning of the 21st century. One of them, perhaps the widest, was the public administration reform, which includes also other partial reforms as public finance reform and tax reform. To complete all...

Small and Medium-sized Enterprises are recognized as the backbone of every economy and the key source of economic growth, dynamism and flexibility in advanced industrialized, as well as in transitional and developing countries. Policymakers are conclusive in attempt to promote the more dynamic...