The study examines the concept of stochastic convergence in the EU28 countries over the 1994-2013 period. The convergence of individual countries’ GDP per capita toward the EU28 average per capita income level and the pair-wise convergence between the GDP of individual countries both are...

Financial management in a company is a decision process subject to achievement of the main goal of the company, that is its value maximization. Estimation of the cost of capital is of great significance in this area. The cost of capital affects the key decisions of the board concerning the scale...

The purpose of this paper is to investigate IPO developments across five CEE countries between 2003 and 2012. Using a wider range of methods and different data sets we intend to complement the previous research. Applying descriptive statistics, relevant local developments are analysed first...

The presented article uses the method of non-weighted average absolute deviation for expressing income inequality in the 11 selected Central and Eastern European Countries. Specifically, the analysis of income inequality is done for Poland, Czech Republic, Slovak Republic, Austria, Slovenia,...

The main objective of the paper is to investigate properties of business cycles in Polish economy before and after the recent crisis. The essential issue addressed here is whether there exist statistical evidence that the recent crisis has affected the properties of the business cycle...

This paper presents a study of the development of foreign trade in agricultural products of the Republic of Moldova under the impact of EU integration. The agricultural sector has been and continues to be, traditionally, the main branch of the national economy. The average share of agriculture...

Modern finance has become a very complicated field, which raises many questions about its economic and social mission. Many bankers’ ignorance of complex knowledge and care for the future are hostile ingredients that transform the markets’ volatility, through spillover effects, into economic...

The European Union has recently implemented one of the biggest reform packages in its history. Developed solutions are designed to (1) strengthen EU’s resilience to shocks and (2) improve its shock absorption capabilities. It seems that so far stress was mainly placed on the first objective....

The subject of the article is an analysis of the rules of state aid admissibility on the basis of the implementing regulations, adopted by the European Commission in 2004 and 2014 on rescue and restructuring aid. This should lead to verify the thesis that due to the taken up at EU level - in...

The importance of services and the international trade in services is growing systematically. There are some reasons for that, especially the rapid development of IT technologies. This increase in the international trade in services is a global phenomenon, however there are some other specific...