The Belarus Business Environment as Assessed by the Management of Leading Finnish Companies Operating in the Country
Inward foreign investment stock has grown remarkably in Belarus. It increased tenfold since 2000 to reach over $14 billion by the end of 2012. According to the Central Bank of Belarus, Finnish firms have invested nearly $100 million in Belarus making Finland the sixteenth most active foreign investor in the country. Approximately 7,000 companies with foreign capital were registered in Belarus by the beginning of 2013....
From the History of the Kokand branch of the Volga-Kama Commercial Bank
In this article, I address the functions and the framework for the operations of the Kokand branch of the Volga-Kama Commercial Bank. Soviet historiography considered banks as a tool of ‘colonialism’ – both Western and Russian. Using archival data, I prove that the financial institutions of the Russian Empire took into account local circumstances and encouraged exportoriented ...
The methodological aspects and approaches to the implementation of automated management of banking resources under risk
This article presents the results of developing a universal basic algorithm and choosing a methodology for creating a software system of the automated management of bank resources for crediting using the optimum strategy for risk management.
1. Алиханов Д. В., Арунянц Г. Г. Оптимизация распределения ресурсов коммерческого банка с учетом ...
Using Python Libraries for Analysis of the Customer Churn Rate of a Bank
At the present time, competition for customers among banks is escalating. The indicator of customer churn is very important for the analysis and planning bank work. Five algorithms for calculating the outflow of bank customers are used in this article. Program codes are written in Python.
1. Что ...
The practical problems of bank card usage
This article examines the practical aspects of the use of bank cards in civil circulation. The author analyses the existing legal framework and practice of the courts and puts forward proposals concerning the improvement of legislation regulating the bank card payments.
1.
Ротко С.
В.
Банковские ...
Non-financial mechanisms for attracting and retaining customers in the banking sector
The paper considers the main mechanisms of non-financial attraction and customer retention in the banking sector. The following factors are analyzed: convenience of the bank application; speed and quality of solving customer problems; technological aspects of the bank; special client programs and privileges; the availability of banking tools. Formulated ...
The role of the European Central Bank in ensuring the financial stability of the EU
The Declaration of the Heads of State and Government of June 29, 2012 was the birth of the European Banking Union. It demonstrated considerable and, in some ways, unprecedented support by the member states of the European Union to each other. This move was highly questioned by the public. In addition to eloquent statements about the need to break the ...
Entrepreneur’s trust in banks in terms of behavioural economics
This article considers the issues of trust in banks in terms of the rationality of clients’ behavior and behavioural economy. The author’s empirical study of 370 owners of small and microfirms located in the Warmian-Masurian voivodeship suggests that approximately 69 % of the respondents prefer ...
Cessation of right of claim under a credit agreement: the problems of enforcement
... agreement and the cases of cession restriction established by law. The author analyses the judicial practice of commercial courts and courts of general jurisdiction. It is stressed that the current legislation does not contain provisions that forbid a bank to cede rights under a credit agreement. The conclusion is made that the law provides an opportunity for alienating the bank’s rights (claims) in respect of borrowers (natural persons). The author considers the position of public authorities on ...
Bank Card Operations
The article considers civil problems of payment by bank cards and analyses the existing legal base. The author suggests methods of improving the legislation regulating payments by bank cards.
1.
Положение
об эмиссии банковских карт и об операциях, совершаемых ...
Using CRM system to analyze the efficiency of bank employees
The paper considers the possibility of using data collected by the CRM system for working with Bank clients to analyze the efficiency of Bank employees. An analysis of the CRM system functions was performed, from which about 20 attributes were obtained for forming the employee profile and by which it is possible to calculate its integral efficiency....
National monetary policy and the role of banks in increasing its efficiency
This study aims to explore the relationship between credit institutions and the Bank of Russia in implementing the national monetary policy. Another aim is to identify the goals and objectives of the national monetary policy, as well as the means and ways to attain them. The methodology relies on both general scientific principles ...
Satisfaction of Polish Bank Employees with Incentive Systems: An Empirical Approach
... human resource management (HRM) and internal public relations make it a major management problem. The importance of this study lies in the fact that incentives affect all stages of HRM. This work reports the results of an empirical survey of Polish bank employees, which was aimed to establish to what degree incentive systems met employees’ expectations, and to analyse the impact of such incentives on employee satisfaction. The authors advance the thesis that male bank employees are more satisfied ...
Rights and obligations of the parties under a special bank account contract: Relevant issues
... Федерации об административных правонарушениях от 30.12.2001 № 195-ФЗ (ред. от 31.12.2014) // Собрание законодательства РФ. 2002. № 1, ч. 1. Ст. 1.
Erokhina M., Belaya O.
bank account regime; special bank accounts; debtor’s account in bankruptcy; direct debiting from bank account
42-47
The preservation of rare plant species in and in vitro genetic collection
Alongside the traditional ex situ plant conservation methods, the creation of gene banks in vitro is increasing in importance. The research and methodological framework for the creation and conservation of rare and valuable plant seed and meristem gene banks is being developed. In the creation of gene banks, special attention is paid ...
Geography and economy of the Kaliningrad region: limitations and prospects of development
... the region substantiate this conclusion.
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Global value chains in the age of uncertainty: advantages, vulnerabilities, and ways for enhancing resilience
... 165—212.
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Foreign nationals on the Boards of Directors of Russia’s Ten Largest Non-Financial Companies Investing Overseas
... stocks, OECD Factbook 2010: Economic Environmental and Social Statistics, available at:
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Joint accounts
....-правовой системы «КонсультантПлюс».
6. Информация с сайта Сбербанка РФ. URL:
http://www.sberbank.ru/ru/person/familybank
(дата обращения: 16.06.2016).
Erokhina M., Primak T., Shpak Yu.
bank account, bank deposit, joint accounts, account rules, terms and conditions of bank contracts
10-15
Non-stationary polar wind in presence of magnetosphere convection
... for modeling of field-aligned motions and temperature of polar ionosphere ions taking into account magnetosphere convection. It was shown tube geometry changing have a great influence on basic parameters of polar magnetosphere thermal plasma.
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Banks P. M., Holzer
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Internet diffusion and interregional digital divide in Russia: trends, factors, and the influence of the pandemic
... ability of residents to use digital technologies: digital literacy, competencies, the ability to order goods, services, etc. [23];
3. The ability of residents and entrepreneurs to use the Internet for commercial purposes: placing online orders, Internet banking, electronic commerce (e-commerce), etc. [24], [25].
Most of the studies are devoted to one of these levels [26]. The high availability of technology may not affect the level of its use [23], [26]. Accordingly, the availability of the Internet ...
Analysing the dynamics of the Baltic States’s production linkages with Russia
... intermediate goods.
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The development of the Russian exclave of Kaliningrad in changing geopolitical and geo-economic conditions (based on the GRP analysis)
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16. Об Особой экономической зоне в Калининградской области и о внесении изменений в некоторые законодательные ...
Impact of remigration on the worksphere under Covid-19: the case of Lithuania
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Investigation of Criminal Cases Done in the Field of Circulation of Digital Financial Assets
The authors highlight the latest trends in the legal regulation of cryptocurrencies in the Russian Federation, identify difficulties associated with the investigation of the theft of crypto assets. On the example of practical situations, the authors propose a set of possible actions that need to be carried out by the bodies conducting the preliminary investigation or by the body conducting operational-search activities in the investigation of the theft of cryptocurrency. Mainly, the article...
Analysis of the Possibilities of Introducing Blockchain Technology in the Banking Sector
The paper analyzes the main options for introducing blockchain technology in the banking sector. The foundations of the technology itself, its advantages and limitations are considered. The option of introducing technology in the form of a combination of internal and external blockchains with the involvement of the resources of ...
First results of the import substitution policy in the Kaliningrad region
The aim of this research work is to analyze the results of the import substitution policy of an exclave territory. The objectives of this research include the analysis of the development of agriculture in the exclave region, the evaluation of the food security level, the assessment of import substitution and its influence on the development of agriculture. The subject of this study is the policy of import substitution of the Kaliningrad region. The object of this research is the agricultural sector...
Introducing Sectoral Models into Regional Management: An Assessment of Regulatory Impacts on the Economy
... and World
Trade Organization (WTO), Geneva, WTO Publications, available at:
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Termination of a credit agreement
This paper analyses the grounds for terminating a credit agreement at the initiative of either the bank, or the borrower. The author analyses relevant law cases. This article is intended for practicing specialists — attorneys and bank lawyers.
1. Брагинский М. И., Витрянский В. В. Договорное право. М., 2011....
The competitiveness of the Irkutsk region in the world tourism market
... области // Известия ИГЭА. 2011. № 3. С. 48—53.
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Solodkov M., Borisova A.
international tourism, inbound tourism, competitiveness in tourism, regional features ...
The Baltic Sea region and increasing international tension
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The Baltic economic model: some results of the 1990—2015 transformations
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Motivations of Russian firms to invest abroad: how do sanctions affect Russia’s outward foreign direct investment?
... accounted for by the operations of Russian corporations in their home market. It is concluded that although Western sanctions target a relatively small number of Russian citizens and companies, they nevertheless affect some of Russia’s key people, largest banks, and hydrocarbon producers. Therefore, their direct impact could be substantial. Alongside the direct impact, one should consider their indirect impact, such as the tumbling rouble exchange rate and Russian banks’ increasing interest rates, which ...
On Russian/Nordic Investment Competition in the Baltic States
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The innovative process in the Baltic Sea region
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The border as a barrier and an incentive for the structural economic transformation of the Kaliningrad exclave
....<9>
The financial restrictions have also aggravated the situation in the import-dependent region. The rouble’s nosedive in February—March 2022, the withdrawal of international payment systems from Russia and the SWIFT ban against many Russian banks forced entrepreneurs to look for intermediaries in friendly countries to make payments. They found assistance in Serbia, Turkey and China, whilst taking advantage of business opportunities in EAEU countries. Another complication is that the region’s ...
The adaptation of Russian regions’ economies to the rupture of relations with Europe: the case of Baltic Sea ports
... citizens in the process. Additionally, there was an increase in budgetary support for professional retraining initiatives. Remarkably, Russian citizens exhibited responsible behaviour, refraining from consumer panic, mass withdrawal of deposits from banks, or organizing strikes.
Due to the active adaptation activities of the state, businesses and households, the fall in Russia’s GDP at the end of 2022 was not 8—12 %, as many leading foreign and domestic analytical organizations expected at the ...
Spatial differentiation of rural territories in the Kaliningrad region: implications for socio-economic policies
... enterprise.
In the peripheral municipalities, six villages have a population of over 1,000 people; one over 2,000. The most densely populated peripheral district is Slavsk, located on polder lands drained by canals, with dam-bound settlements along the canal banks. The least densely populated is the Ozersk urban district in the southern part of the region. It is situated in a hilly terrain with irregular-shaped land parcels and small settlements.
In addition to a larger number of residents per settlement,...
Efficiency analysis of seaports in Russia’s Baltic basin: performance evaluation
... indicators related to the performance of operational tasks: port capacity, productivity, customer satisfaction with the provided service (which is reflected in global ratings, for example, in the LPI — Logistics Performance Index calculated by the World Bank), port cargo turnover, and others. As already noted, today the efficiency of port operations is also associated with reducing the carbon footprint. Obviously, from the perspective of applying a comprehensive approach, various port performance indicators ...
Small towns of Latvia: disparities in regional and urban development
... the project in 2016. Employing 50 people, the enterprise exports its products mostly to Denmark and Sweden. It is worth noting that Latvia boasts 3 m ha of forests, over half of them privately owned. The largest owners are international companies and banks.<15>
It can be cautiously assumed that investors put money into regional towns with a track record of industrial excellence, appropriate infrastructure, adequate communications and multi-modal transport networks. In doing so they, repurpose ...
Ways to ensure reliable information processing in decentralized applications
... possibilities of decentralized applications and analyzes their functioning. The ways of ensuring the reliability and security of the use of decentralized applications are considered.
Tkachenko S. N., Kazakova D. A., Demin S. A.
blockchain, bank, information technology, implementation, management efficiency
40-44
The significance of blockchain technology in banking
The article provides an analysis of the importance of information technology in the banking sector and is a study of the theoretical aspects of blockchain technology. The authors of the work define the main stages of development and reveal the potential for implementation. A wide range of applications of this technology is known,...
Structural changes in the economy of the Russian North-West regions: institutional factor
... sanctions and growing confrontation reducing capital outflow and contributing to further structural changes in the regional economy.
Rolling back Russia’s spatial disparities. Re-assembling the Soviet Jigsaw under a Market Economy, 2018, The World Bank Group, available at:
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(accessed 12.05.2021).
Kolesnikov, N., Tolstoguzov, O. 2016, Structural Changes in the Economy of the Russian Northwest: ...
Criminalistic characteristics of organized credit fraudster groups
Due to the rapid criminalization of credit relations and the widespread theft of bank loans, committed mainly by groups of fraudsters, the forensic science faces a serious problem of developing an effective method for investigating crimes of this nature. The method must include recommendations for identifying signs of complicity,...
Migration from Post-Soviet countries to Poland and the Baltic States: trends and features
... 361—413.
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6. Faini, R. 2007, Remittances and the brain drain: Do more skilled migrants remit more? World Bank Economic Review, vol. 21, no. 2, p. 177—191. doi: https://doi.org/10.1093/wber/lhm006.
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Innovative development of rural settlements of the Leningrad region
... various innovative solutions and technologies that can increase the level of well-being and the quality of the living environment. The purpose of this study is to assess the existing differences between the rural and urban population in the provision of banking, public, information and communication services as the basis for activating the innovation process. The study is carried out on urban and rural municipalities of the Leningrad region. Special attention is paid to the spatial factor in concentration ...
On some particular functions of the Palestinian national administration
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palestinian-election-may-be-easy-part.html (дата обращения: 02.03.2020).
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. lowyinstitute.org/the-interpreter/palestinian-aid-dwindling-dollars-delivering-little- durable-development (дата обращения: ...
Transformation of global value chains in Russia and the Baltics amid Covid-19: prospects for regionalization and implications for economic policy
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26. Simachev, Y. V., Fedyunina, А. А., Kuzyk, М. G., Daniltsev, А. V., Glazatova, М. К.,...
The effect of Covid-19 on labour migration in the CIS
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30. Lau, L. S., Samari, G., Moresky, R. T., Casey, S. ...
Tools for evaluating the competitiveness of innovative clusters
... whether further development and financing of cluster projects are required and whether the list of supported clusters should be extended or reduced.
This article analyses the case of the Silicon Saxony innovation cluster (Germany), using the World Bank’s methodology for cluster competitiveness evaluation. Each analysis tool is provided with concrete data obtained for Germany and the Silicon Saxony cluster over the past ten years. Competitive clusters considered in the analysis are Minalogic in ...