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The Economic and Social Effects of the COVID-19 Epidemic in the European Union over the Past Year, Especially in Hungary
67-79Views:2041The apparence of the COVID-19 pandemic at the beginning of 2020 affected all countries in the world, entailing major changes in everyday life. In our study – in a one year perspective – we summerize the socio-economic effects of the COVID-19 pandemic on various economic sectors and their consequences for the European Union and Hungary. As a result of the pandemic restrictions the role of some sectors were decreasing considerably, while on the other hand the other sectors emerged and underwent a significant improvement. The growing trend of working from home, as well as the decline of the tourism, the catering service and the entertainment industry has led to a change in the behavior of the population. . Changes during the pandemic period led to an increase in wealth inequalities.Changes during the pandemic period led to anincreas in economic inequality. The transformation of consumers’ values and income situation is having an huge impact on all sectors of the national economy. When reflecting upon the current situation, the following questions arise: When will the declining businesses be able to recover? Will they be able to achieve their pre-pandemic profit level, and if yes, how long will it take them?
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Examination of the Relationship between Renewable Energy and Economic Performance
234-243Views:206Many countries are making considerable efforts to achieve solutions to environmental problems that we face today and developing renewable energy resources is one of the potential long-term solutions that constitute an absolute priority from a sustainable development perspective. The usage of renewable energy is one of the critical future challenges to reduce greenhouse gas emission and decrease energy dependency at the same time. Thus, replacing traditional energy sources with renewable ones, like Hydropower and wind power to produce electricity instead of fossil fuel. The objective of this study is to find a relationship between renewable energy consumption, macroeconomic factors, and the environment. There is a reliable and significant (at 1% significant level) association between REC with GHG and GDP and a relatively strong association with EC.
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The Role of Renewable Energy Sources in Energy Production and Use
678-688Views:330The role of renewable energies in energy management is growing both in the European Union and in Hungary. The use of renewable energy sources is already quite large (transport, heating, lighting, etc.) and it is advisable to deal with these energy sources in the year 2020. The use of energy from renewable sources can reduce greenhouse gas emissions and reduce dependency on the continuously problematic oil and gas market. A review of energy data over the last 10 years shows that renewable energy sources are playing an increasingly important role in the European Union. I support this finding by the fact that the share of energy from renewable sources in gross energy consumption has almost doubled in the last few years.
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The Propensity for Mandatory Audit Rotation and its Impact on Earnings Management in Europe
222-233Views:274The doubt of investors for the accuracy of financial reporting statements and the credibility of external audit functions has becoming more and more severe in the recent years due to a variety of booming accounting scandals related to earnings management occurring around the world. To cope with these serious frauds in the world of financial market, many countries have adopted Mandatory Audit Rotation (MAR) rules. Although the MAR rule has been valid around European Union (EU) members since 2016, the effectiveness of this rule has not been examined in any academic papers yet. As a result, the aim of this study is to investigate the effectiveness and the necessity of the latest MAR rule in the EU by testing the influence of audit rotation activities and audit tenure on earnings management of companies in the STOXX Europe 600 Index. Practical implications of this study will not also prove whether companies in STOXX Europe 600 Index should be required to shorten their audit tenure by rotating their audit engagement more often in order to decline the degree of earnings management, but they will also help to strengthen support for the essentiality of MAR legislations in the EU if the result indicates that longer audit tenure actually leads to more earnings management of STOXX Europe 600 Index companies.
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Changes in the financing of domestic research and development
153-161Views:178Nowadays, the fourth industrial revolution is taking place at an incredible speed, with innovation at its heart. Of this, R & D funding is of paramount importance, which is directly or indirectly one of the most important tools for increasing corporate competitiveness. The study examines trends in domestic R & D expenditures over the past one and a half decades. It focuses on the extent to which the financial crisis has affected the amount of funding resources and their structure. From an international comparison, Hungary and the European Union spend much less on research and development than those in the global competition. The impact of the crisis is reflected in the decline in the growth dynamics of R & D expenditures, but it has not been solved solely as a result of the crisis. Changes in the domestic structure of expenditures in recent years are encouraging and are in sync with the change in attitude that is considered desirable in R & D funding. If we examine the domestic statistical data more thoroughly, we can no longer be very satisfied. However, from trends in data from recent years, it becomes apparent that neither Hungary nor the European Union will achieve the 1.8 and 3.0 per cent of GDP R & D spending by 2020.
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The New Type of Employment: the Specificity of the Platform Economy and Platform Work
75-90Views:323The industry value of the global platform economy exceeded 7 trillion US dollars by the end of the second decade of the 21st century. The income generated by the platform economy in the European Union produced an almost five-fold increase in the period between 2016-2020, as its volume increased from 3 billion euros to 14 billion euros. Nevertheless, due to the lack of global consensus and precedent, the delimitation of the platform business model and work, its legal regulation and verifiability and compliance, due to its innovative nature, are unresolved at the world and European level. The objective of the article is to define the conditions, rules and practical application of the platform economy and platform work, relying on international (English-language, mostly European) secondary information, thereby revealing the problems and difficulties, as well as discussing its advantages and disadvantages.
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Simulation of production processes with Plant Simulation
10-16Views:180This article presents the modelling of interconnected companies’ logistic processes with Tecnomatix Plant Simulation by Siemens. It has two main parts. The first contains the details of recognition including simulation. The second part presents the modelling with Tecnomatix Plant Simulation. My publication is supported by the EFOP3.6.1-16-2016-00022 project. The project is co-financed by the European Union and the European Social Fund.
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The Electric Vehicle Penetration in Hungary
551-562Views:1280During the past years I hear that the future of transport in the electric-powered vehicles. the Hungarian Goverment and the European Union is made more device is this form dissemination to the transport campaigners. EU tendering appeared in Electric Car Charging establishment, the number of multiplication of the expansion, faster recharging method of spreading. This is to depart from the common knowledge recharge time Lenght of significant, the range of motor vehicles despite low rate of population inspired make such purhase of motor vehicles. If that were not enough, the demand side cash incentive device support is, take the numbers provided consumer vehicles 1.5 million HUF state support. This endeavor though the influence of narrow you wish to inspect the car market segment of the reactions, the growth rate of the past few years. Although this is a state-pumped artificially induced market impact.
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Examining the Competitiveness of Fish Products on the Market
151-163Views:99Fish and fishery products are one of the key ingredients in human nutrition and are therefore outstanding in terms of both production and trade. Different processed fish products are available in many countries around the world due to globalization and a fast supply chain. In our study, we examined the market for fish and fishery products using secondary data collection. The data were collected several years ago from the databases of FAO, EUROSTAT, COMTRADE and KSH The comparative advantages or disadvantages of international trade were determined with the help of the RCA index for the role of Hungary and the EU in the world in the case of different categories of fish products. The aim of our research is to compare the fish products of different processing in Hungary and in the EU compared to the international situation, paying special attention to the main exporting and importing countries. Based on the secondary research the study has a detailed the specificities of trade, the trends observed in recent years and the competitiveness of fish products in Hungary and the Member States of the European Union and effect relationships behind the RCA-index results.
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Grants Rating Due to Operative Public Procurement Law and by Applicable Regulations
129-138Views:159The aim of new Public Procurement law is to ensure the efficiency of appropriation public money. On new legal regulation public procurement procedures become significantly faster and transparency and competition is increasing. The law entered into force on the first of November in 2015, but has been modified several times since then. A year ago, the National Parliament adopted the law on State Program Evaluation cover. The legislation aims to make the European Union resources for projects in an objective, transparent and independent from the interests of the operators assessment system.
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Modern use of geothermal energy in Nagyszénás (Case Study)
106-115Views:217A project based on geothermal energy use in Nagyszénás, Békés County, Hungary, was finished on December 20, 2015. The construction investments were realized with the support of the European Union from tender funds won in the financial cycle of 2007-2013 in the total value of HUF 1.578 billion. The thermal water utilization investment was realized with unique technical solutions in the country, and as a result, a modern, economical heating system using green energy source was built, and now provides energy for the public institutions of the settlement and for the newly established bath complex. During construction and operation, several unforeseen technical problems arose, which could only be solved by using new technical elements. The high salinity and high temperature of the extracted thermal water required special engineering solutions. During operation, modifications and changes in technological elements were required at several points for the safe operation. The purpose of this article is to present these technical interventions, which made the reliable operation possible, thus the system provides a suitable alternative to natural gas-based heating.
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Assessment of the Working Ability of Persons with Disabilities and Reduced Work Capacity
36-52Views:615Employment of persons with disabilities and reduced work capacity falls significantly behind that of non-disabled persons both in our country and the European Union. According to research findings, the low employment rate is partly due to discriminatory attitudes towards the group of employees concerned. In the labour market integration, apart from the attitudes of the employers, the approach of the employees working for the institute has also got a significant role, as they are the ones who as colleagues work together with persons with disabilities and reduced work capacity day by day.
The research findings presented in this study focus on the research question whether the 747 employees who participated in the questionnaire survey make a distinction between persons with disabilities and persons with reduced work capacity on the grounds of their ability to work. If so, what kind of differences are noticeable and what factors have a positive impact on their approach? What is characteristic of the employees with higher level of inclusive attitudes?
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Analysing the Conditions of SMEs Regarding Quality Assurance in Hungary and the European Union
Views:179Nowadays, small and medium sized enterprises (SME) have a relatively large task and expectation caused by the appearing of populated large foreign-owned enterprises in our country. In order that they will be able to cooperate with them and be able to join and integrate into the value chain they supply they must meet the high quality of standards. Obtaining then preserving quality certificates is essential for this. It can be fulfilled exclusively with thorough screening and problem identification.
This situation is exacerbated continuously by globalization in which each sector is involved. It means that they must remain competitive globally. Although in our country most of the small and medium sized enterprises bears the specific characteristics of family businesses innovation may not be avoided if they intend to stay competitive. To fulfil this quality assurance is one of its integral part.
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Comparison of R&D innovation indicators of the visegrád group
162-172Views:94Innovation is a crucial strategic issue not only for businesses to maintain and improve competitiveness, but also has paramount role at a macroeconomic level how a national economy is able to contribute to the national division of labour. Innovation and research and development are particular and even more crucial in post-socialist countries which are trying to catch up with Western Europe in an economic point of view. We compared countries in the Visegrád Group in the study regarding their innovation indexes, R&D indicators and corporate innovations. These indicate that countries in the Visegrád Group are lagging behind the European Union. The Czech Republic ranks the first place in almost each aspect among the countries in the Visegrád Group. As for time series indicators, there is a steadily improving tendency in R&D. Regarding measuring innovation and R&D, it can be concluded that perfect method and scorecard are not available, indexes based on varying methods may generate different results and decision taking only one index into consideration cannot be made in business practice. In my opinion, R&D indicators are dominant to a large extent in comprehensive innovation indexes that might be misleading in the assessment of innovation (particularly in corporate innovation).
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Future Power Plant Portfolio Analysis from the Point of View of Minimum Cost and Emission Optimization
61-77Views:51The article examines the expected composition of the power plant portfolio in Hungary by 2030. The indicators considered are the life-cycle unit costs (LCOE) and the life-cycle specific carbon dioxide emissions (LCA(CO2)) of the power plant types. The minimum of these two indicators, as objective functions, is determined by a linear programming method for the power plant portfolio. The results show that the LCOE minimum for the power plant portfolios in 2030 is worse in absolute terms and better in specific terms than in 2021. In both absolute and specific terms, the LCA(CO2) minimum is more favourable in 2021. These results are met under the thirty and twenty-five percent electricity import scenarios. With twenty percent imports, the absolute values are worse and the specific values are better for both indicators. On the other hand, the results of the calculations for 2030 fall short of the 2030 Agenda of the Institute for a Green Transition. This is due to the delay in commissioning a new nuclear power plant and the transformation of industry with increasing electricity demand. For the portfolios under review, a minimum of thirty percent of domestic generation from renewable sources is met. This contributes significantly to the European Union's ambition for the sector to be net greenhouse gas-free by 2050.
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New Challenges for Health Systems of the European Union
1-11Views:120The health system is facing a number of difficultiesnot only in our country, but in the whole of Europe. In the 21st century never before seenlarge-scale problems pose a serious threat to our world, which have a significant impact on health care. We outline the challenges of today and examine their likely effect on coming health policies.
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Level of Digital Competences and the Examination the Relationship Between Unemployment and in Job-Trainings in the European Union
197-209Views:261In this study we examined the digital competences by the EU Member States between 2015 and 2017 based on data of OECD and EuroStat. We wanted to know, are there any relationship between the unemployment and the level of digital competences. We realised that, in these countries where the percentage of individuals with basic digital skills is higher, there the harmonized unemployment rate is lower, than in those states where the individuals have above-average digital skills. In the case of lower educated states (where the citizens do not have a general digital knowledge), the unemployment rate is higher. We researched the openness of companies towards individuals with different levels of digital knowledge. In these countries, where the more educated people live there provide the comapnies more chance to take part further trainings, than in the less educated countires. We found a moderately strong negative correlation between the group of individuals who have low overall digital skills and in-work trainings. It means, if a country has individuals with a few digital competences, there the organisations will not offer trainings them. According to the available data we could divide the EU Member States in three clusters. These groups are underdeveloped, developing, developed countries. The biggest difference is between these groups in the quantity of skilled people, however the distribution of individuals in the developed group also shows interesting features. We realised in these countries the so-called „reverse competence pyramid”. It means, as the level of skill grows, the number of individuals, who own it, grows as well. As a continuation of the research, it would be worth examining the countries regionally, so it would be clear where are, the "digital kingdoms" can be found. On the one hand this could help the state in the allocation of digital education, on the other hand, it would also improve the position of companies. They could create regional centers in less developed countries, thus outsourcing expensive high added value work.
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Current Challenges in the Regulation of CO2 Emission of Road Vehicles
738-742Views:219Today, as part of the fight against climate change, regulations on greenhouse gas emissions are gaining significantly higher attention. Our work focuses on the European Union legislation on carbon dioxide emissions from road vehicles, with special emphasis on the target values. Current changes in CO2 measurement methods, as important issues of the regulations, are also reviewed within this article.
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Trends in Greenhouse Gas Emissions and Renewable Energy Policies in the EU and USA, with Special Emphasis on the Transportation Sector
219-231Views:266The aim of this work is to review recent trends in the field of greenhouse gas (GHG) emissions and renewable energy policies of the European Union and the United States of America. During the last few decades, there was a significant shift within the political attitude towards these fields, therefore important changes were realized in the electricity production and the climate policy. In the present paper, we discuss the current situation focusing on the transportation segment.
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Issues of Regional Social Innovation
602-616Views:276Social innovation is not determined as a uniform definition, after a literature review can be defined as follows: social innovation is an innovative and new way of improving community well-being [2]. Social innovation can be defined and measured at micro-, mezo- and macro level similar to technical and economic innovation and plays a key role in the competitiveness. Because of imbalances arising from different levels of economic development, catching-up demand of peripheral settlements have appeared. In addition to the so-called technical innovations, the solution of social problems can be achieved by social tools, methods and new organizations. In catching-up process the local, community level construed innovative ideas and the activities of social innovation play a significant role. The expansion of the innovative areas results in different innovation processes and they can be considered as complementary processes. The social and technical innovation are closely interacting. If there is achange in the economic sphere, social change can occur. This study examines the role of local communities in social innovation at regional level and summarizes the clarifying questions of implementation. Social innovation as a new tool is able to answer daily challenges. The innovative solutions of municipalities, which means new collaborations, result sustainable, flexible and open leadership at regional level. This study will examine the role of governments (or their institutions) in the implementation and generating of social innovation, the tasks of regional innovators and social solutions and models of certain municipalities in Hungary and the European Union.
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Classification of Nanomaterial’s Risky Properties on the Aspect of Human Safety
34-45Views:186Due to their unique properties the application of nanomaterials continuously extends thus these appear for several industries. The industrial application of nanomaterials became significant during the last decades. As a result of the intensive development, our knowledge about the exact influence of nanomaterials for living bodies and human health is characterised by deficiency for both short and long time. Nanomaterials able to be entered to the living organism through several ways then invade to the circulatory system and the lymphatic system, reach the organs and can induce various kind of damages and serious diseases as a result of their different appearance, physical and chemical properties. Legislation in Hungary and in the European Union seems to be incomplete. There is no document which summarizes and details the risky factors and parameters in case of a risk assessment. Our aim was to develop a criterion system considering the risks related to the use and contact of nanomaterials based on their physical, chemical and biological properties, which criterion system could provide basic principle for a risk assessment thereby make the industrial processes safer both for the employees and those who are in the vicinity.
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The Relationship Between EHS and the REACH Regulation in Practice
128-133Views:120The European Union has enacted strict safety regulations on the usage of chemical substances. Not long ago the Hungarian Government has also enacted the 1907/2006/EK (REACH) regulation and 1272/2008/EK (CLP) regulation. With the acceptance of the decrees our knowledge and available information about chemicals has expanded, due to the reporting obligation. As a consequence the usage of hazardous chemical compounds will be safer for the people and the environment. With the access to the shared data, we will be able to make appropriate decisions despite lacking previous measurements of our own. My goal is to present the hazardous information profiles form the packages of the REACH and CLP, and their possible applications.
