Business Management

ISSN: 0861-6604-Print Edition
ISSN: 2534-8396-Electronic Edition

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  • Donka Zhelyazkova, Sergey Piddrubrivnyy
    POSSIBLE SCENARIOS FOR DEVELOPING EU TRADE RELATIONS WITH RUSSIA
    JEL: F14, N74, O24, P45, P52.
    Keywords: trade relations, European Union, Russia
    Abstract: The study presents general scenarios for the future development of EU trade relations with Russia, which are conditionally marked as ‘stagnation’, ‘optimistic’ and ‘pessimistic’. The dynamics of the sanctions regime is used as a key indicator for distinguishing these scenarios. We associate the first scenario, called ‘stagnation’, with the expectations of a serious slowdown in the economic growth of the EU and Russia. The second, described as ‘optimistic’, is based on expectations for a gradual recovery and development of the trade relations between the two countries over a long period of time. The third scenario is defined as ‘pessimistic’, given the consolidated tightening of anti-Russian sanctions within the transatlantic alliance and the expansion of Russia’s countermeasures.
  • Donka Zhelyazkova, Sergey Piddrubrivnyy
    STAGES IN THE DEVELOPMENT OF EU TRADE RELATIONS WITH RUSSIA
    JEL: F14, N74, O24, P45, P52.
    Keywords: trade relations, European Union, Russia.
    Abstract: The study focuses on four main stages in the development of EU trade relations with Russia, covering the time horizon between 1992 and 2020. These stages are conditional and follow the analogy of the life cycle main stages (establishment, growth and maturity of relations). However, in connection with the reciprocal restrictive measures constituting a special interest in the context of the issues discussed in the study, the contemporary stage, conditionally called the period of challenges, is examined separately. The relevance of the topic and the importance of the problem are related to the strategic significance of EU trade relations with Russia and the intensity of trade, investment and financial flows migrating between them on the one hand, and to the need to revise these relations in the context of the modern economic and political environment, on the other.

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  • Editor in chief: Prof. Mariyana Bozhinova, PhD
  • Co-editor in chief: Prof. Krasimir Shishmanov, Ph.D.