While Serbia had initiated the establishment of the two-tier banking system earlier than most of the South East European (SEE) countries (in 1965), the banking reform actually began later than these countries (after 1999). The main reasons to account for that were: 1) very adverse initial...

A questionnaire survey covering MNCs that had invested in Greece during the period 1995-2003 is carried out in order to determine the barriers of inward FDI in Greece through a phase of increased expectations on foreign investment from hosting the 2004 Olympiad. The underlying assumption made is...

The flexible-price monetary model is examined for the Greek drachma-US dollar exchange rate. The Johansen multivariate technique of co-integration is applied to an unrestricted form of the monetary model. Using quarterly data covering the period 1974?1994, strong evidence is found in favour of...

The subject of this paper is an overall analysis of the Albanian business environment, with special emphasis on the lack of entrepreneurship and managerial skills in Albania. Our questionnaire research (226 out of 350 questionnaires collected) underlined the financing problems that the Small-...

It is conventionally thought that to develop competition in a transition economy, privatization, restructuring, and creation of new firms should take place first. Bulgaria's experience raises the question of whether its chosen methods of privatization reform, and the pace of this reform, are...

A successful transition process may be treated as a tool for the economic development of a country. There is a common consensus that the implication of a market-oriented transition might be deemed as a political development because of the robust relationship existing between the political and...

The subject of this paper is an overall analysis of the Albanian business environment, with special emphasis on the lack of entrepreneurship and managerial skills in Albania. Our questionnaire research (226 out of 350 questionnaires collected) underlined the financing problems that the Small-...

The globalisation concept implied that a growing share of FDI is worldwide in scope and transition countries, in particular, should attract increasing percentage of FDI. However, this did not happen in reality. We argue that there is a regional concentration of FDI which can be seen from many...

This paper presents the specific motives behind Greek entrepreneurs' interests in FDI projects in Bulgaria, examining the obstacles that entrepreneurs and small to medium enterprises (SMEs) of Greek origin confronted in establishing FDI projects in Bulgaria in the transition period. Reasons for...

The understanding of a country's past is important in the process of analyzing a country's present. Through the study of Bulgarian history, the researcher developed a relatively good understanding of the country's image at the beginning of the period in question (1989-2002). The evidence...