European Journal of Economic Studies

11-20

Authors: Yuriy Dreizis, Evgenia Vidishcheva, Andrey Kopyrin

Fostering the sustainable development of a tourism region involves planning and managing the development of areas within it, with a focus on protecting their natural and cultural environments, managing their resort-and-recreation resources, enhancing their environmental condition, improving the quality of life of their population, and ensuring world-class conditions for the comfortable stay of their visitors. The development of resort areas comes with a whole host of implications, both positive and negative. In today's volatile market environment, the need to develop and maintain a competitive tourism product suggests the importance of assessing on a regular basis an area’s current environmental condition and the condition of its natural resources. Environmental assessment is crucial to an area’s sustainable development. A serious damage to a region’s natural-recreational potential is capable of canceling out any of its economic and sectoral achievements, including those associated with the development of the tourism industry in the area. Research on the dynamics of pollution in Krasnodar Krai (Russia) indicates that its resort areas tend to differ in terms of both particular components of pollution and indicators of the current environmental condition. With that said, for particular resort areas in the region, and for the entire region as a whole, this condition is determined, above all, by the degree to which the following two resources, which are most significant to the successful development of tourism in an area, are polluted – water and air. An analysis indicates that at this point an exacerbation of certain environmental problems in resort areas in Krasnodar Krai appears to be inevitable. The findings from the research reported in this paper suggest that, while Krasnodar Krai’s resort areas are on course for environmental sustainability, there remain issues that need to be addressed. The most serious factors hindering the region from achieving sustainable environmental development include air and seawater pollution, growing volumes of solid and liquid waste, and increased recreational strain on its resort areas, especially in the summertime. Accordingly, there is a need to take an ecosystems approach to integrally assessing the environmental situation in the region’s resort areas.

27-35

Authors: Sanel Halilbegovic, Armina Hubana, Nedim Celebic, Adisa Arapovic, Tarik Atovic

This research is examining the effect of Consumer Price Index (CPI) to calculate the change in Annual Net Salary (ANS), across the three Balkan countries: Bosnia, Serbia and Croatia. The study will be using the data with the graphical representations and publications regarding CPI and ANS in the period from 2014 to 2018 from the „Agency of Statistics in BiH“, „Trading Econometrics“ and „CEIC Data“. In order to test the hypothesis regression approach will be used where we define the regression models, find statistical relationship and present calculations reached in Excel and SPSS. Authors confirm the main hypothesis for all three countries using statistical tools such as mean and the median of descriptive statistics, correlation analysis, model summary with R, R-Square(s) and standard error of the estimate, ANOVA significance and coefficients – confidence intervals. Authors show that the relationship of CPI and ANS is rather strong hence the hypothesis stands. Authors conclude that this research could be helpful for the analysis of similar indicators for other transition economies.