International trade means the exchange of goods or services along international borders. This type of trade allows for a greater competition and more competitive pricing in the market. Probably the most important single insight in all of international economics is that there are gains from trade...

One of business cycles stylised facts is that contractions are shorter than expansions, but less persistent, more volatile and therefore asymmetric. Investigating existence and type of business cycles asymmetry is important for analysis of economic policy and statistical modeling. Economic...

Bio-economy regional level is essential for the socio-economic impact, especially in sparsely populated peripheral areas. The positive effects of bio-economy in the agro-food sector can be regarded as an increase in em-ployment and incomes and security of supply. The purpose of the article was...

The changes that took place in the late twentieth century led to the transformation of the political system in the countries of Central and Eastern Europe (CEE). As a result, there has been an increase in the competitiveness of some of the economies among the CEE states. Due to different...

Geographical proximity, common historical roots and collaboration within the Nordic Council make the Nordic countries, often wrongly treated as monoliths. However, in reality, Nordic regions differ in terms of broadly defined social and economic development. Issues concerning the standard of...

Value added tax, as an instrument of fiscal policy and also a very important income for the state budget. It is one of the universal indirect taxes, which has a significant influence on the price level in the country. The European Union's system of value added tax on goods and services are...

Research background: Brands are considered to be the most valuable asset of a company. Some of them achieve spectacular global results. The significance of global brands is proved by the fact that their value is often greater than the sum of all company's net assets. Purpose of the article: The...

Research background: Organic farming is a practical response to the ecological consequences of non-organic management of natural resources. Interest in the organic food market is growing both among producers and consumers. What has influenced this is, on the one hand, the demand for organic...

Research background: The article has address the issue of sustainable consumption which is becoming increasingly important on account of the adverse social and environmental consequences caused by the development and growth of societies. Sustainable consumption encourages to make rational...

Research background: The article refers to the introduced bank regulations aiming at maintaining capital adequacy of banks and a stable situation in the banking sector, allowing to keep the financial system stable at a time of a possible financial or systemic crisis. Purpose of the article: This...