FORCE MAJEURE AND CHANGE OF CIRCUMSTANCES IN INTERNATIONAL TRADE – CONDITIONS FOR EXEMPTION FROM LIABILITY IN CASE OF BREACH OF CONTRACT
The rapid technological development and the development of the global market continually contribute to the development of international trade as well as to the increasing the number of concluded international sales contracts. The conclusion of the sales contract always requires respecting the principle of "pacta sunt servanda", namely fulfill...
By Aleksandra Kiraca, Azemina Mashovich
INFORMATION TECHNOLOGIES AS BUSINESS SUPPORT TO THE SERVICE SECTOR IN THE REPUBLIC OF SRPSKA
The service sector in Republic of Srpska, whether we talk about state institutions or the private sector, has undergone significant changes in the past decade under the influence of modern technologies. Of course, the public sector, due to its organization and the nature of its functioning, is not as proactive as the private sector, which cer...
By Mihajlo Travar, Saša Ristić, Igor Dugonjić
PERSPECTIVES FOR DEVELOPMENT OF SPORTS TOURISM IN MONTENEGRO
Sport and tourism have developed two interdependent socio-economic phenomena of modern society, which require constant renewal and accommodation to the increasingly discerning requirements of modern tourists. Previous experiences from all around the world, as well as acquired knowledge from the neighbouring countries, show that investments in...
By Dragan Klarić
INSTITUTIONAL ASPECTS OF MARITIME PORTS ADAPTATION TO GEOGRAPHICAL EXPANSION OF TERMINALS OPERATOR
The emergence and rapid development of global container terminal operators (controlled by large multinational companies) have led to a significant increase in the terminal and transshipment industry. The subject of research in this paper is the interactive action of institutional factors from two perspectives: the first is related to the stra...
By Nikša Grgurević
ACCOUNTING PLANNING IN THE FUCTIONING OF EFFECTIVE ENTERPRISE MANAGEMENT
The conditions for successful business and business operations in general are accounting planning. The objective of accounting planning is to project estimates in regard to achieving the management control. The essence of accounting planning is reflected in the data that is the subject of accounting records. Together with bookkeeping, account...
By Radovan Spremo
THE CHRISTIAN ORTHODOX BANK – REALITY OR FICTION?
This paper's subject of research is the possibility of introducing new form of banking trade and innovative banking services and products. The changes in perception of the bank role within society and change in trading focus, from speculation and „betting“ to authentic needs of man and for the man, pulling out of the shadows the f...
By Nenad Vitomirović
CAPITAL MARKET AS AN INSTITUTIONAL SPACE IN THE FINANCIAL MARKET
The needs for long-term resources of economic entities can be met by generating their own accumulation or using the resources of other participants in reproduction. In the first case, it is about self-financing - investing retained earnings. In the second case, economic entities obtain capital by issuing debt or equity financial instruments t...
By Nikola Nikolić, Duško Laković, Milan Vukasović
INFLUENCE OF REMITTANCES FROM ABROAD ON GROSS DOMESTIC PRODUCT OF BOSNIA AND HERZEGOVINA
Attention in this article is focused on the economic effects of emigration on the home country, and especially on the effects of remittances from abroad, which represent the most significant positive economic effect. After reviewing the negative and positive economic effects of emigration, an overview of the basic characteristics of remittanc...
By Nikolina Rakić
CONSEQUENCES OF THE IMPACT OF THE VIRUS, COVID-19 ON THE AREA OF THE CITY OF EAST SARAJEVO
Covid-19 is a virus that appeared at the beginning of the year in the world and only a few months after its discovery, it appeared in Bosnia and Herzegovina and then in East Sarajevo. The introduction of the state of emergency, the movement and monitoring of the number of patients, government measures and the demographic coverage of the sick ...
By Nemanja Pavlović, Slobodan Radovanović, Veselin Bjeloglav
FRANCHISE AGREЕMENT
The title of this contract comes from the English word franchise, which means a special right or privilege. It is believed to have originated in the Middle Ages, when they received a royal privilege notable personality. The first manifestations of this agreement have been developed in the U.S. in the late 19th century in the production of oil...
By Isidora Milosevi, Jelena Milosavljevic Nikov