MEST Journal
Editor
Zoran Čekerevac











If you want to review or comment some of the listed articles, please, first copy the article title and click here.

In the next issues of the MEST Journal, among others, we will publish:
(To see the abstract of an item click the title of the item)

  1. Ernad Kahrovic and Nada Vignjevic Djordjevic
    THE FIVE STAGES OF BUSINESS PROCESS MANAGEMENT MATURITY MODEL

    To read the article before publishing click here

  2. Ciobu Stela, Iordachi Victoria, and Jalba Andrei
    ANTICIPATION OF BANK FAILURES IN THE REPUBLIC OF MOLDOVA

    To read the article before publishing click here

  3. Emiliya Vaysilova
    FINANCIAL RISK STUDY AS A TOOL FOR EFFICIENT MANAGEMENT OF THE TRANSPORT ENTERPRISE

    To read the article before publishing click here

  4. Zdenek Dvorak, Bohus Leitner, and David Rehak
    CRITICAL INFRASTRUCTURE PROTECTION SPECIFICATIONS IN THE TRANSPORT SECTOR

    To read the article before publishing click here

  5. Valeryi Sereda, Zinaida Zhyvko, Olga Balynska, and Taras Rudyi
    THE ORGANIZATIONAL PRINCIPLES OF INFORMATION PROTECTION MANAGEMENT SYSTEM REALIZATION

    To read the article before publishing click here

  6. Kristijan Ristic and Zivorad Kovacevic
    POSTCRISIS FINANCIAL MANAGEMENT OF THE EUROPEAN UNION

    To read the article before publishing click here

  7. Sergey Kirsanov, Eugene Safonov, Sandra Ramirez, and Wangbo
    EFFICIENCY OF BUDGET EXPENDITURES IN RUSSIA AND NORWAY

    To read the article before publishing click here

  8. Hristo Angelov Hristov and Wang Bo
    RESEARCH ON CONSTRUCTION OF NINGBO NATIONAL TECHNOLOGY TRANSFER DEMONSTRATION PLOT WITH CEE FEATURE

    To read the article before publishing click here

  9. Milanka Bogavac and Zoran Cekerevac
    IDSME INDEX – NEW METHOD FOR EVALUATION OF SMEs DIGITALIZATION

    To read the article before publishing click here

  10. Viktor Soltes and Filip Lenko
    IMPACT OF FINANCING THE CIVIL PROTECTION IN SELF-GOVERNMENT ON THE CITIZENS' SECURITY

    To read the article before publishing click here

  11. Fawzi Al-Naima and Abdullah Hamad
    A LOW-COST SOLAR FARM MONITORING SYSTEM BASED ON CLOUD DATABASE

    To read the article before publishing click here




THE FIVE STAGES OF BUSINESS PROCESS MANAGEMENT MATURITY MODEL

Ernad Kahrovic
Nada Vignjevic Djordjevic

Abstract
Business Process Management (BPM), in diverse forms, has been around for the last 30 years. During this time BPM has progressed to a holistic management approach that has a distinctive level of complexity resulting in part from the infinite of implementation options available. The popularity and significance of BPM lead to the question of how advanced different organizations are in their BPM development. The notion of maturity has been proposed for a number of management approaches as a way to evaluate the fullness or perfection of growth or development. This paper describes business process management as a new paradigm for competitive advantage. Also, the paper presents the five stages of the business process management maturity model that has been developed for the evaluation and advancement of BPM effectiveness across organizations.

Keywords: business process management, process maturity, maturity stages

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ANTICIPATION OF BANK FAILURES IN THE REPUBLIC OF MOLDOVA

Ciobu Stela
Iordachi Victoria
Jalba Andrei

Abstract
The excessive risks taken by the banks resulted in banking crises, that caused the collapse of large financial institutions and even global recession. The main scope of this paper is to identify the causes, consequences, and methods of anticipating bank failures at national and international levels. The proposed scope is materialized in the following research task: identifying the ability of the National Bank of Moldova (NBM) to influence the local banks, as well as analyzing the legal framework regarding bank recovery and resolution. The research theme results from the necessity to maintain a stable and reliable banking system in order to ensure the continuity of financial intermediation, protect the depositors’ interests and contribute to the development of a strong economy. The value of the investigation is determined by the practical relevance of the study carried out, as well as by the recommendations contained in the paper, the implementation of which will contribute to streamlining the prudential supervision of the domestic banking system, preventing bank failures in future and ensuring the financial stability of the banking system in the Republic Moldova.

Keywords: banks, financial stability, bank supervision, central bank, bank failure, prudential regulation.

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FINANCIAL RISK STUDY AS A TOOL FOR EFFICIENT MANAGEMENT OF THE TRANSPORT ENTERPRISE

Emiliya Vaysilova

Abstract
In post-crisis economic circumstances, the issue of financial stability of the Bulgarian transport enterprises is of great importance regarding their effective management. For the most part, these enterprises belong to the small and medium-sized business and it can be said that they are still experiencing significant financial difficulties. This creates a possibility they become insolvent and as a result of that to go bankrupt. To avoid these unfavorable situations, managers need to continually analyze and assess the level of financial risk. In this connection, the question arises as to what system of indicators should be formed so that the enterprise can be properly managed. This article studies one of the ways of assessing financial risk using the Z-score prognostic model. This method can forecast future problems and predict enterprise bankruptcy within two years period.

Keywords: transport enterprise, management, financial risk, solvency, bankruptcy forecasting, z-score model.

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CRITICAL INFRASTRUCTURE PROTECTION SPECIFICATIONS IN THE TRANSPORT SECTOR

Zdenek Dvorak
Bohus Leitner
David Rehak

Abstract
Contemporary society is more sensitive to new threats than 20 years ago. More than 15 years modern democratic countries developed support for the most important objects and services as are named critical infrastructure elements. Critical Infrastructure (CI) and Critical Infrastructure Protection (CIP) have become a phenomenon of this era. (Act no. 45/2011), (European 2008/11/ES. 2008) The countries and their governments are preparing different measures to improve the security level of critical infrastructure networks. According to the current level of knowledge, the most important (critical or key) infrastructure networks include drinking water resources and water infrastructure, electric power generation sources, large power stations and high voltage transmission lines, gasholders and gas distribution systems, oil pipelines, refineries and pipeline network, important transport junctions and transit European corridors in road, rail, water and air transport. These infrastructure networks were originally built several decades’ ago and are being gradually upgraded. The New Critical Infrastructure networks include computer networks, telecommunication nodes, and large data centers. At present, these major infrastructure networks are mostly threatened by natural and anthropogenic threats. The natural threats include especially all kinds of floods and extreme storms. The anthropogenic threats include especially intentional or unintentional attacks by employees, less frequently failures of technical and technological origin. Terrorist attacks on infrastructure networks are exceptional. According to the latest scenarios, the consequences of threats are critical, particularly from the point of view of further development of the society and are important for environmental, economic and social impacts. The paper presents key results of current research activities. At the time of writing this publication, the authors worked at two faculties. In the Slovak Republic, it was the Faculty of Security Engineering of the University of Zilina and in the Czech Republic, it was the Faculty of Safety Engineering of VŠB - the Technical University of Ostrava.

Keywords: Best practices, central and eastern Europe, infrastructure, risk.

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THE ORGANIZATIONAL PRINCIPLES OF INFORMATION PROTECTION MANAGEMENT SYSTEM REALIZATION

Valeryi Sereda
Zinaida Zhyvko
Olga Balynska
Taras Rudyi

Abstract
Incorporation of legislation of Ukraine and the structure of standard and legal acts of Ukraine in the field of technical information security which are obligatory to performance, at the level of the legal doctrine, can be delivered as follows: Constitution of Ukraine; laws of Ukraine; decrees and orders of the President of Ukraine; resolutions and orders of Cabinet of Ministers of Ukraine; standard and legal acts of the Security Service of Ukraine, Public service of special connection and information protection (DSSZTZI) of Ukraine; international agreements of Ukraine concerning technical information protection, consent on obligatory performance of which is provided by the Supreme Soviet of Ukraine. The regulatory and legal basis of the provision of IP in IS of NP subsections of Ukraine constitutes: Constitution of Ukraine; Resolution of the Supreme Soviet of Ukraine "On the concept of national security of Ukraine"; Laws of Ukraine "On information", "On scientific and technical information", "On the state secret", "On information protection of the information telecommunication systems", " On access to public information", "On protection of personal data", Resolution of Cabinet of Ministers of Ukraine "On approval of rules of information protection in informational, telecommunication and information and telecommunication systems". A series of normative documents of the system of technical information protection is developed in Ukraine, the basis of which is ND TZI 2.5-004-99 "Criteria estimation of information protection of the computer systems from unauthorized access". This document is used to design and create complex systems of information protection (CSIP) of the state information resources including IP system, in which information with limited access is processed. However, any methodology used during CSIP design has to be compatible with the main modern standards, such as ISO/IEC of a series 27000. Therefore, organizational and legal principles of IP system of IS of subsections of National police of Ukraine have to be formed according to recommendations of international standards and with the observance of provisions of the current legislation of Ukraine...

Keywords: information protection, management, technical systems, informational assets, software.

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POSTCRISIS FINANCIAL MANAGEMENT OF THE EUROPEAN UNION

Kristijan Ristic
Zivorad Kovacevic

Abstract
The current financial crisis highlighted the importance of establishing a banking union at EU level, which would allow for an adequate response to the financial problems through the regional banking supervision in relation to the operations of banks in the Eurozone. The main results of this research shall in a synthetic way show that the formation of a banking union significantly contributes to strengthening of the integration of economies of the member countries, the promotion of confidence in the EU banking sector stability but without clear goals and objectives to be achieved in the real sector of the EU, which should provide, in addition to safer, a richer life, higher employment and exit from the stagnant framework. The paper analyzes the importance of the transition to a system of decision making on financial, fiscal and economic policies at the EU level. This system would allow an adequate response to the financial problems through regional banking supervision in relation to the operations of banks in the Eurozone. This would establish stronger accountability mechanism of the decisions taken. The ultimate goal would be the stability of the banking sector, improvement of business conditions in the real sector and the economic stability of the Eurozone.

Keywords: postcrisis financial management, EU, economic challenges.

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EFFICIENCY OF BUDGET EXPENDITURES IN RUSSIA AND NORWAY

Sergey Kirsanov
Eugene Safonov
Sandra Ramirez
Wangbo

Abstract
The article examines the issues of increasing the efficiency of using budgetary expenditures. The budgetary resources of the Russian Federation are limited, and there is a need to improve the efficiency of public expenditure management. Measures to improve the efficiency of public spending are relevant in almost all countries, somewhere they are already being successfully implemented, as in Norway, are being tested somewhere else. The special importance of the processes of creation, distribution, and consumption of public resources predetermines the need to focus attention on the resource provision of the state and the rational use of its own resources.

Keywords: budget expenditures, public expenditure management, public finance management.

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RESEARCH ON CONSTRUCTION OF NINGBO NATIONAL TECHNOLOGY TRANSFER DEMONSTRATION PLOT WITH CEE FEATURE

Hristo Angelov Hristov
Wang Bo

Abstract
Ningbo is one of the first coastal open cities in China, with obvious advantages of export-oriented economy and distinct characteristics of opening and innovation, but the innovation ability of companies here was not strong. Under the new situation of scientific and technological revolution, scientific and technological innovation has increasingly become a decisive force in economic and social development, and private enterprises have strong demand for innovation transformation, so accelerating the layout of demonstration plots for scientific and technological achievements is to explore local development of science and technology. The effective mechanism and mode of achievement transformation have become a major opportunity to enhance the core competitiveness of the manufacturing industry and promote urban innovation and development. This paper studies the current situation of National Technology Transfer Demonstration Plot in Ningbo analyses the problems and countermeasures of the construction of the demonstration plot and explores the development of a special demonstration plot for the transfer and transformation of scientific and technological achievements in Central and Eastern Europe through the construction of the demonstration plot.

Keywords: innovation; scientific and technological achievements; transfer and transformation; demonstration area; Central and Eastern Europe.

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IDSME INDEX – NEW METHOD FOR EVALUATION OF SMEs DIGITALIZATION

Milanka Bogavac
Zoran Cekerevac

Abstract
This paper represents results of an examination of the current situation in the field of digitization of micro, small and medium-sized enterprises through presenting a new-created digitalization index (IDSME). It points out that it is possible to create a specific, purposeful index that will give a realistic view on the degree of digitalization in each individual micro, small and medium-sized company. The research relies on well-known indexes of digitization of economy and society used at the level of the world's leading organizations, the European Commission and world-renowned institutes. For the needs of this analysis, the authors have tested their digitization index on a sample of 226 companies from Serbia, Slovakia, and Russia. This analysis, using the IDSME index, was carried out based on research questions and corresponding hypotheses. The authors analyzed, in particular, the mutual relationship between the two of four dimensions of the IDSME index - the Integration of digital technologies in SMEs and the Connection to the Internet in a manner defined by the IDSME model. At the end of the paper, the authors present the conclusions reached during this research, along with the suggestions for the continuation of the research initiated in the first author’s dissertation.

Keywords: IDSME, digitalization, evaluation, SME, Internet.

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IMPACT OF FINANCING THE CIVIL PROTECTION IN SELF-GOVERNMENT ON THE CITIZENS' SECURITY

Viktor Soltes
Filip Lenko

Abstract
Protection the life and health of the population are one of the main tasks of the state and self-government. Cities and municipalities finance from their budgets activities that increase the level of citizens' security. One area that can be included in security is civil protection. By examining the final accounts of cities and municipalities, it is possible to find out how much money they have invested in civil protection activities. The aim of the paper is to analyze and compare the budgets of selected cities and municipalities with a focus on security activities. The conclusion of the paper is a proposal of the optimal amount of funds that cities and municipalities should invest in the area of civil protection expressed as a percentage. The contribution will allow local government authorities to set the effective amount of funds spent in this way for a sufficient level of security for their citizens.

Keywords: financial management, public service, public service, cost-effectiveness.

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A LOW-COST SOLAR FARM MONITORING SYSTEM BASED ON CLOUD DATABASE

Fawzi Al-Naima
Abdullah Hamad

Abstract
Renewable energies have become important sources of electricity generation in modern times, with solar energy being one of the best types of such energy since solar radiation can be converted directly into electricity. To harness the solar energy in the best way, specialists in this field resort to solar farms where a large number of solar panels are installed in an open area and the electricity produced is being transferred into towns. The design of a reliable monitoring system for such a large number of solar panels becomes an essential part of such design to reach the needed efficiency. This paper introduces a low-cost practical implementation of a monitoring system for an existing solar system installed on the building of the Ministry of Science and Technology (MST) in Baghdad based on Wireless Sensor Network (WSN) technique. The "ThingSpeak" cloud database is utilized to store and retrieve the monitored data and the PHP and HTML programming languages are used to design a Graphical User Interface (GUI) to display these data.

Keywords: Monitoring System, Solar System, Cloud database, PHP, WSN, Big data, solar farm

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MESTE NGO and MEST Journal strongly support teamwork and encourage international scientific cooperation.

That is why we are especially willing to publish works of groups of authors from two or more different countries.












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