SUSTАINABLE MANAGEMENT AS A COMPETITIVE ADVANTAGE
The issue of sustainable development is among the most pressing challenges of the modern global economy, due to the limited natural resources and the need for a responsible attitude towards the environment. This report aims to 6 examine sustainable management as a factor in increasing the competitiveness of organizations in a dynamic market environment. The main thesis defended is that the application of the principles of sustainable development in the management of companies not only contributes to environmental and social responsibility, but also forms a long-term competitive advantage through resource optimization, innovation and building trust among stakeholders. The analysis examines the key approaches and mechanisms for implementing sustainable management, as well as its impact on economic efficiency and corporate reputation. The conclusions drawn confirm that sustainable development is no longer just an ethical necessity, but a strategic tool for achieving stable growth and market sustainability. Q01, Q51, Q58, P43 16
Continue reading →GAMBLING REGULATION: TRENDS AND RECOMMENDATIONS
The gambling industry in Bulgaria, the EU, and the world is undergoing constant progress and change in the era of digitalization, globalization, and technological advances through mobile applications, blockchain and crypto assets, as well as artificial intelligence. The traditional model of gambling regulation through mandatory legislation (referred to in doctrine as “hard law”) has its advantages, but it is increasingly proving its limitations because it lags behind social, ethical, and technological advances and is constantly forced to catch up, which is not always possible. The Gambling Act in Bulgaria, especially after the changes in 2020 and the new advertising restrictions from 2024, is an example of a traditional hard law approach to the legal regulation of the gambling industry, which attempts to cover the entire spectrum of gambling services. However, with the latest amendments and additions to the Gambling Act in Bulgaria (amended and supplemented, State Gazette No. 49 of June 17, 2025), this is not the case, and some new technologies and types of gambling services, such as crypto casinos, social casino games, virtual items, tokens/NFTs, crypto assets, and others. In these “gray areas” of legal regulation, the role of soft law instruments such as codes, guidelines, standards, memoranda, green papers, and best practices can be key. This publication aims to examine and demonstrate that, despite the dominant role of hard law through the Bulgarian Gambling Act, the integration of soft law instruments, especially with regard to new technologies and payment models, is not only possible but also necessary for effective, adaptive, and predictable regulation of the gambling industry. К 20, К 23, К 29 20
Continue reading →APPLICATION OF THE CIRCULAR ECONOMY IN ADMINISTRATIVEACTIVITIES: A STEP TOWARDS SUSTAINABLE DEVELOPMENT
In the era of climate change and limited resources, the traditional model of a linear economy — “take, use, throw away” — is becoming increasingly unsustainable. In its place, the circular economy, based on the principles of resource efficiency, reuse and waste minimization, is being imposed. While this model is already widely used in business and industry, its importance in public administration 42 is only just being realized. Administrative activity, as a key element of state and municipal governance, has an essential role in achieving a balance between efficiency, transparency and environmental responsibility. The presented article examines the application of the circular economy in the administration in Bulgaria, good European practices, as well as legislative initiatives in this context. The purpose of the study is to examine the application of circular economy principles in administrative activities in Bulgaria and their importance for sustainable development, efficiency and environmental responsibility of the public sector. Q01, Q51, Q58 14
Continue reading →MEDIATION AS A TOOL FOR SUSTAINABLE RESOLUTION OF LABORDISPUTES
In the dynamics of the modern labor market, judicial protection of labor rights becomes not only a legal necessity, but also a social guarantee of stability and justice. The worker or employee, faced with dismissal, unpaid wages or violated working conditions, does not see the labor process as just a procedure, but a 56 chance to assert his dignity. For their part, the employer often perceives the process as a test of the sustainability of the business and an opportunity to assert the legality of their actions. It is in this duality – between the pursuit of speed and efficiency and the need for maximum protection of rights – that the contemporary challenges facing the labor process emerge. The aim of this article is to present mediation as an alternative and more effective way to resolve labor disputes outside the courtroom, as well as to show how this method helps to preserve the relationship between employee and employer, instead of exacerbating them, as is often the case. In methodological terms, the development is based on some research methods and observations and analysis. It is essential to argue that mediation is a valuable and sustainable tool for resolving labor disputes, which contributes to better social dialogue and a stable working environment. M54, M59 12
Continue reading →MARITIME VESSEL TOURISM: A CATALYST FOR ECONOMIC DEVELOPMENT IN COASTAL STATES
In this paper the economic potential of tourism by ships has been presented as one of the vehicles by which coastal states can achieve sustainable development. It reviews the principal catalysts for this particular area of the economy such as a growing demand for ocean products, technological advancement, and increased integration of sustainable development goals. This narrative speaks to some of the challenges that need to be met by coastal nations to harness this economic opportunity. It also identifies the multiple benefits to be had from maritime tourism, including job creation, income generation, and conservation of the environment. The study concludes by reflecting on the future of this fast-growing sector and how it could be influenced by innovation and more sustainable maritime practices, thus offering a range of insights for public and private sectors in the fields of tourism and maritime activities. Z32, Z39, R41 12
Continue reading →BULGARIA’S FINANCIAL INTEGRATION INTO THE EUROZONE –ADVANTAGES AND RISKS
The process of preparing for the introduction of the euro represents a key stage in the deepening of the economic and institutional integration of the Republic of Bulgaria into the European Union. This article examines the economic arguments for and against, specific macroeconomic indicators and key risks, as well as policy recommendations for accession. An assessment of the historical development of the process, the chronology of the main stages of the transition period is made. The material examines in detail the prerequisites for the acceptance of our country, the main advantages and risks, and a comparison is made with other European Union countries that have entered the Eurozone in recent years. The successful implementation of this process will consolidate the country’s place at the 80 core of European integration, contribute to higher financial stability and open up new opportunities for economic growth and investment. Е62, Е65, F15 12
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