XIII Traditional Scientific Conference NEW ECONOMY 2025

Topic: "Innovative Economy in Times of Global Challenges: New Approaches to Growth and a Sustainable Future"
May 23, Sofia, Bulgaria


Scientific board

Stelios Bekiros, University of Malta, Malta
Dragana Radičić, University of Lincoln, Department of Accountancy, Finance and Economics, United Kingdom
Petar Đukić, Faculty of Technology and Metallurgy, University of Belgrade, Full professor, Serbia
Adis Puška, Government of the Brčko District of BiH, Bosnia and Herzegovina
Gil S. Epstein, Bar-Ilan University, Israel
Cevat Tosun, School of Business The George Washington, USA
Iqtidar Shah, Yorkville University, British Columbia Campus, Canada
Phoebe Koundouri, Athens University of Economics and Business, Greece
Marcello Signorelli, Dipartimento di Economica, Universita degli Studi di Perugia, Italy
Mohammad Saud Khan, Victoria University of Wellington, New Zealand
Zsuzsa Reka Huszar, National University of Singapore, Singapore
Nikola Fabris, University of Belgrade, Faculty of Economics, Serbia 
Fábio Albergaria de Queiroz, Catholic University of Brasilia, Brasil
Tristan Nguyen, Hochschule Fresenius University of Applied Sciences, Germany 
Alberto Posso, RMIT University, Australia 
Shu Lung Kuo, Technology Management Open University of Kaohsiung, Taiwan
Oleksandr V. Dluhopolskyi, West Ukrainian National University (Ternopil city), Ukraine
Tom Gillpatrick, Portland State University, USA
Leland Buddress, Portland State University, USA
Roofia Galeshi, Radford University, USA
Jason Caudill, King University, USA
Hugh J. Ault, Boston College, USA
Richard J. Fast, Troy University, Alabama, USA
Jason Patalinghug, Southern Connecticut State University, USA
Andrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, Emek Yezreel, Israel
Christopher Hartwell, Bournemouth University, United Kingdom
Denis Hyams-Ssekasi, Research Coordinator and Lecturer in the Institute of Management at the University of Bolton, UK
Lorenzo Trapani, University of Nottingham, UK
Tarek Abdel Fattah, University of Portsmouth, UK
Cynthia Sénquiz - Diaz, Universidad Ana G. Méndez, Division of Business, Tourism & Entrepreneurship, Gurabo, Puerto Rico
Taro Abe, Nagoya Gakuin University (Culture & Human Resources), Japan
Isabelle Collet, University of Geneva, Switzerland
Willy Legrand, IU International University of Applied Sciences, Germany
Ahu Genis - Gruber, University of Applied Sciences Upper Austria, Austria 
Bipithalal Balakrishnan Nair, Woosong University, South Korea
Tafazal Kumail, Guangxi University of Finance and Economics, Nanning, China
Zhou dr Bin, Ningbo University, China
Hamid Khurshid, Lingnan University Hong Kong, Department of Management, China
Tauisi Taupo, Victoria Univeristy of Wellington, New Zeland
Massoud Moslehpour, Asia University, Taiwan
Elena De la Poza, University of Valencia Politécnica, Spain
María-Dolores Guillamón, University of Murcia, Spain
Francisco Jose Garica Gonzalez,Universidad Complutense de Madrird, Spain
Joao Paulo Vieito, Polytechnic Insititute of Viana do Castelo, Portugal
Ubaldo Comite, University Giustino Fortunato, Italy
Marco Valeri, Faculty of Economics, Niccolo' Cusano University in Rome, Italy
Leslie Fadlon, University of Niccolò Cusano, Italy
Alberto Celani, Politecnico Milano, Italy
Gianluca Mattarocci, Facolta di Economia, Universijata di Roma Tor Vergata
Viktor Koziuk, West Ukrainian National University, Member of the Board of the National Bank of Ukraine, Ukraine
Yurii Ivashuk, West Ukrainian National University, Deputy Director of Ternopil Regional Development Agency, Ukraine
Semenenko Tetiana, Sumy State University, Ukraine
Olha Komelina, Poltava National Technical Yuri Kondratyuk University, Poltava, Ukraine
Liudmyla Yurchyshena, Vasyl Stus Donetsk National University, Ukraine
Tetiana Paientko, Kyiv National Economic University, Ukraine
Iryna Lytvynchuk, Zhytomyr National Agroecological University, Ukraine
Ellana Molchanova, Faculty of international Trade and Law, Department of international management, Ukraine
Kateryna Kovtoniuk, Kyiv National Economic University, Ukraine
Andrzej Niemiec, Poznan University of Economics , Department of Controlling, Financial Analysis and Valuation, Poland
Piotr Wisniewski, Corporate Finance Unit Institute of Finance, Warsaw School Economics, Poland
Andrea Szalavetz, Centre for Economic and Regional Studies Institute of World Economics, Hungary
Kieran James, University of the West of Scotland, Scotland
Konstantinos N. Malagas, University of the Aegean, Greece
Constantinos Challoumis, National and Kapodistrian University of Athens, Greece
Andreas Papatheodorou, University of the Aegean, Greece
Eirini Daskalaki, Metropolitan College, Greece
Christer Thörnqvist, Högskolan i Skövde, Sweeden
Spyros Hirdaris CEng FRINA, Maritime Technology, Aalto University, Finland
Lucie Andreisova, University of Economics in Praque, Czech Republic
Martina Blašková, Police Academy, Chezch Republic
Hüseyin IŞIKSAL, Near East University, Faculty of Open and Distance Education, Turkey
Metin Toprak, İstanbul Üniversitesi Akademik Veri Yönetim Sistemi, Turkey
Zeki Atil Bulut, Dokuz Eylul Univeristy, Turkey
Feden KoÇ, Usak University, Turkey
Zafer Öter, Izmir Katip Celebi University, Turkey
Emrah Gulay, Dokuz Eylul University, Izmir – Turkey
Ivan Brezina, Faculty of Business Informatics, Slovakia
Arcione Ferreire Viagi, Taubate University, Brasil
Venelin Terziev, University of Ruse Angel Kanchev, Bulgaria
Julia Stoyancheva Stefanova, Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria
Marin Petrov Georgiev, Kaneff University Hospital, Rousse, Bulgaria
Ray Titus, Alliance University, India
Rudrarup Gupta, Commercial Manager of Multifarious Projects Group, India 
Sandeep Kumar, Tecnia Institute of advanced Studies, University Delhi, India
Brijendra Singh Yadav, Aashlar Business School, Mathura, India
Raul Villamarin Rodriguez, Woxsen University, India
Mythili Kolluru, College of Banking and Financial Studies, Oman
Vidya Suresh, College of Banking and Financial Studies, Oman
Petar Vrgović, University of Novi Sad, Faculty of Technical Sciences, Serbia
Kristijan Ristić, Bussines and law faculty, University Union – Nikola Tesla, Belgrade, Serbia
Snežana Milićević, Faculty of Tourism and Hotel Management in Vrnjačka Banja, Serbia
Drago Cvijanović, Faculty of Tourism and Hotel Management in Vrnjačka Banja, Serbia
Snežana Radukić, Faculty of Economics, University in Niš, Serbia
Zorana Kostić, Faculty of Mechanical Engineering, University in Niš, Serbia
Alexadru Nedelea, Stefan Cel Mare University of Suceava, Romania
Rocsana B. Manea Tonis, University Politehnica of Bucharest, Romania
Manuela Rozalia Gabor, G.E.Palade University of Medicine, Pharmacy, Science and Technology of Targu Mures, Faculty of Economics and Law, Romania
Zoran Wittine, University of Zagreb, Faculty of Economics, Croatia
Anita Čeh Časni, University of Zagreb, Faculty of Economics, Croatia
Kosjenka Dumančić, University of Zagreb, Faculty of Economics & Business, Croatia
Lorena Škuflić, University of Zagreb, Faculty of Economics, Croatia
Boban Melović, University of Montenegro, Faculty of Economics , Montenegro
Milivoje Radović, University of Montenegro, Faculty of Economics,  Montenegro
Rade Ratković, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Ivo Županović, Mediterranean University, Faculty of Business and Tourism Budva Montenegro
Darko Lacmanović, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Anđelko Lojpur, University of Montenegro, Faculty of Economics, Montenegro
Predrag Trpeski, Ss. Cyril and Methodius University, Faculty of Economics, Macedonia
Corina Gribincea, The National Institute for Economic Research of the Academy of Sciences of Moldova, Moldova
Marica Dumitrasco, Academy of Sciences of Moldova, Economy, Moldova
Sanja Bauk, Maritime Studies Department, Faculty of Applied Sciences, Durban University of Technology, South Africa
Bashar Almansour, Skyline University College, Saudi Arabia
Yassin Eltahir, King Khalid University, Saudi Arabia
Abu Umar Faruq Ahmad, King Abdulaziz, Saudi Arabia
Melfi Alrasheedi, King Faisal University, Saudi Arabia
Andrej Raspor, School of Advanced Social Studies, Slovenia
Marjana Merkac Skok, Faculty of Commercial and Business Sciences, Slovenia
Marija Bogataj, University of Ljubljana, Faculty of Pharmacy, Slovenia
Gholamreza Jandaghi, University of Tehran, Faculty of Management and Accountancy, Iran
Isak Kherchi, Hassiba Benbouali University of Chief, Algeria
Ahamed Lebbe Mohamed Aslam, Ministry of Home Affairs, Sri Lanka
Nisantha Kurukulasooriya A., University of Ruhuna, Sri Lanka
Teguh Sugiarto, Universitas Budi Luhur, Indonesia
Ahmed Mohamed Elbaz, University of Sadat City, Egypt
Azza Mohamed Kamal, University for Modern Science and Arts (MSA), Egypt
Michael Okoche, Uganda Management Institute, Uganda
Fouzi Belmir, University of Fes, Morocco
Dereje Teklemariam, Global Land Programme (GLP) and Ethiopian Civil Service University, Ethiopia
Adel M. Sarea, College of Business & Finance, Bahrain
Bhola Khan, Yobe State University, Nigeria Faculty of Social Sciences, Nigeria
Hasnan Baber, School of management Abu Dhabi
Ana Stranjančević, Modul Dubai University, The United Arab Emirate
Ulas Rao, Heriot - Watt University Dubai, United Arab Emirates
Jelena Janjušević, Heriot Watt University, United Arab Emirates
Ali Ahmad Bodla, Faculty of Business and Management, Information Techology University, Pakistan
Dang Rui, Westminster International University in Tashkent, Republic of Uzbekistan
Alain Aime Ndedi, Saint Monica University, Republic of Cameroon
Naji Mansour Nomran, Kingdom University, Bahrain
Bashar Almansour, The World Islamic Science & Education University Faculty of Finance and Business, Jordan
Ranasinghe Amaradasa, University of Fiji, Fiji
Brilanda Bushati, University of Shkodra "Luigj Gurakuqi", Albani
Elidiana Bashi, University of Shkodra "Luigj Gurakuqi", Albania
Napat Harnpornchai, Chiang Mai University, Tailand
Bojan Baškot, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Mladen Rebić, University of East Sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina
Goran Popović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Armina Hubana, University of „Džemal Bijedić“ – Mostar, Bosnia and Herzegovina
Jamila Jaganjac, University "Vitez", BiH, Bosnia and Herzegovina
Slobodan Subotić, University of East Sarajevo, Faculty of Transport and Traffic, Bosnia and Herzegovina
Ognjen Erić, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Andrijana Mrkaić - Ateljević, College of Tourism and Hospitality Management; narrow scientific field of marketing and management, Bosnia and Herzegovina
Zdravko Todorović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina 
Branislav Mašić, University of East Sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina
Željko Račić, University of Banja Luka, Faculty of Economics Banja Luka, Bosnia and Herzegovina
Ljubiša Vladušić,University of East sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina
Nermin Palić, CEPS Centre for Business Studies, Bosnia and Herzegovina
Samir Ščetić, CEPS Centre for Business Studies, Bosnia and Herzegovina

Organizational board

Zoran Mastilo, PhD, Full Professor
Nenad Vunjak, PhD, Full Professor
Aleksa Milojević, PhD, Full Professor
Petar Đukić, PhD, Full Professor
Danijel Mijić, PhD, Associate Professor
Zorana Kostić, PhD, Assistant Professor
Nenad Marković, PhD, Assistant Professor
Mirzo Selimić, PhD, Assistant Professor
Dejan Mastilo, MSc
Sara Drakul
Andrea Mastilo

Conference Secretary

Organizational

Nenad Marković, PhD, Assistant Professor, qaofficeuis@gmail.com +38765572480

Assistant Organizational Secretary

Nermin Palić, PhD, Assistant Professor +38761327423

Technical Editor

Dejan Mastilo, MSc, oikos.institut@gmail.com +38765327443

 




INVITATION



Oikos Institute – Research Center Bijeljina and the host co-organizer, University of National and World Economy from Sofia, Bulgaria, along with other co-organizers from Ukraine, Kazakhstan, Montenegro, Bosnia and Herzegovina, Georgia, and others, are organizing the thirteenth (XIII) international scientific conference of special importance, which will be held on May 23, 2025, in Sofia, Bulgaria.

"Innovative Economy in Times of Global Challenges: New Approaches to Growth and a Sustainable Future".

The main content/sectoral topics within the main cognitive framework that authors could explore are as follows:
- Innovations as the Driver of Global Growth: Transforming the Economy through Technology and Sustainability,
- The Innovation Revolution: Reshaping the Global Economy through Creativity and Sustainability,
- New Economic Models for Global Stability: The Role of Innovation in a Sustainable Economy,
- Innovation and Social Economy: Catalysts for Progressive Global Growth,
- Reshaping the Global Economy: Innovation, Adaptability, and Sustainability.

Explanation

This year's theme was developed in collaboration with our scientific board and their ongoing collaborators. The theme, "Innovative Economy in Times of Global Challenges: New Approaches to Growth and a Sustainable Future," is highly relevant and socially justified, as it addresses key issues shaping contemporary economic development. In a world facing challenges such as climate change, technological revolutions, and the need for sustainable development, innovation becomes a critical factor in building the future global economy. The global economy is undergoing deep transformations, and the challenges we face require new approaches, particularly in the context of digitalization, automation, and the green economy. Our ability to leverage innovations in technology and sustainable practices as drivers of growth will be crucial in our ability to address these challenges. This theme provides space to explore various innovations that can shape the economic landscape of the future, whether through new technologies, business models, or sustainable practices. The proposed contents aim to inspire new perspectives and approaches in analyzing the role of innovation in global economic growth and sustainability, without imposing strict limitations. Our goal is to encourage a deeper understanding of how technology and sustainability can be linked to growth and the stability of the global economy.

Dear authors-participants

As usual, six months in advance, we invite you to the traditional spring scientific symposium, organized by the Oikos Institute, with the support of the host co-organizer, the University of National and World Economy from Sofia, Bulgaria, as well as other co-organizers from Ukraine, Kazakhstan, Montenegro, Bosnia and Herzegovina, Georgia, and other countries.

The symposium will traditionally be held in late spring, specifically on May 23, 2025, in Sofia, Bulgaria. In the hope that you will join us, we extend our warm and collegial greetings.

The title, abstract and keywords should be submitted to:
novi.economics.institut@gmail.com
info@oikosinstitut.org

until 15.03.2025.

https://economicsrs.com/index.php/eier/login

Deadline for submission of complete articles is 15.04.2025.

https://economicsrs.com/index.php/eier/login.

Selected articles that undergo anonymous double-blind review and meet the standards of Scopus and ESCI, in accordance with writing and citation guidelines, as well as agreement and alignment with the authors, will be published in journals indexed in Scopus.

ECONOMICS-Innovative and Economics Research Journal

https://www.scopus.com/sourceid/21101122725








https://mnje.com




Journal of Central Banking Theory and Practice

https://www.cbcg.me/me/publikacije/journal-of-central-banking-theory-and-practice




The remaining papers that do not meet the Scopus journal requirements will be published in the Proceedings of the New Economy.

COLLECTION OF PAPERS NEW ECONOMY
https://conference.oikosinstitut.org/files/2024/zbornik.pdf


The program begins with participants registration on May 23, 2025, at 9:00 AM, and will conclude later that evening.

The conference participation fee is 100 EUR, to be paid to the Oikos Institute's bank account (555-0000015996773), Nova Bank, Bijeljina branch. The fee must be paid by 10.05.2025, at the latest.

The fee doesn’t include accommodation for participants or transportation costs. Participants of the symposium will receive certificates issued by the event organizer.

For any additional information, please contact us at
+387 (0) 55 423 183
+387 (0) 65 511 328
+387 (0) 65 330 002 (Viber)

Organisational secretary: International expert
Assistant Professor Nenad Marković

PAPERS, DEADLINES AND FEES

The title of the paper, abstract and keywords should be submitted via email to novi.economics.institut@gmail.com by March 15, 2025. The deadline for submitting complete papers is April 15, 2025, either via email or through the submission platform available at https://economicsrs.com/index.php/eier/login. All papers approved through a double-blind review process will be published in the thematic issue of the journal "ECONOMICS".

The conference participation fee is 100 EUR and should be paid to the Oikos Institute's bank account (555-0000015996773, Nova Bank, Bijeljina branch) or via Western Union. The fee must be paid no later than May 10, 2025. Please note that the fee does not cover accommodation or travel expenses. Participants will receive certificates provided by the conference organizers.

Instructions for Western Union transfer

Name: Zoran
Surname: Mastilo
National ID (JMBG): 0701964131560
Address: Kneza Miloša 14 3/2
City: Bijeljina
ZIP Code: 76300
Country: Bosnia and Herzegovina

Payment instructions for BiH

The conference participation fee should be paid to the Oikos Institute's bank account (555-0000015996773, Nova Bank, Bijeljina branch).


SPEAKERS



Thomas Gillpatrick

Juan Young Professor of Marketing, School of Business at Portland State University, USA

Google Scholar Page

Theme: Innovations Role in Achieving Economic Growth And Achieving Global Sustainability Goals



Stelios Bekiros

1. Valter Cantino Department of Management, University of Turin (UniTo), Italy
2. Oikos Institute - Research Centre Bijeljina, University of East Sarajevo, Republic of Srpska, Bosnia and Herzegovina

Google Scholar Page



Afzal Sayed Munna and Giuseppe Cantafio

University of Hull, London, UK, American University of Bahrain

Google Scholar Page

Theme: Innovating for Resilience: Strategies for Sustainable Growth in a Challenging World



Zornitsa Yordanova

University of National and World Economy (UNWE), Sofia, Bulgaria

Google Scholar Page

Theme: Where Innovation Meets Impact: Driving Cost Efficiency, Revenue Growth, and Digital Transformation



Petar Đukić

University in Belgrade, Serbia

Home Page

Theme: Is an Innovative Scenario Possible to Get Out of the Global Risks Deadline; Sobering Under the Pressure of Economic Instability and Climate Change



David Bogataj

Univerza Alma Mater Europaea, Slovenia

Google Scholar Page

Theme: Age-related public expenditures driving investments in the social infrastructure of the silver economy



Dluhopolskyi Oleksandr

West Ukrainian National University (Ternopil, Ukraine), WSEI University (Lublin, Poland)

Theme: Quality of governance services and environmental effectiveness



Azamat Zhanseitov

Research Development Institute and Turan-Astana University, Kazakhstan

Google Scholar Page

Theme: Development of Economic Mechanisms for Agricultural E-Commerce in Kazakhstan



Branka Topić-Pavković

University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina

Google Scholar Page

Theme: Global Goals for Sustainable Development and National Fiscal Policies



Ebru Nergiz

Vice-Rector of Istanbul Galata University

Google Scholar Page

Theme: The European Union Policies for Sustainability on the path to a Climate Neutral Europe



Semra Boga

Doğuş University Istanbul, Türkiye

Google Scholar Page

Theme: Breaking the Middle-Income Trap: The Role of Innovation in Economic Transformation of Developing Countries



Danijel Mlinarić

Faculty of Economics & Business, University of Zagreb, Croatia

Google Scholar Page

Theme: Exploring Economic Diplomacy Today



Snežana Radukić, Zorana Stanković

Faculty of Economics, University of Niš, Serbia, Faculty of Mechanical Engineering, University of Niš, Serbia

Google Scholar Page

Theme: How Can Innovation Ecosystems Accelerate Decarbonization and Green Growth?



Kostiantyn Pavlov

Lesya Ukrainka Volyn National University, Lutsk, Ukraine

Google Scholar Page

Theme: Innovative approaches to the implementation of the organizational and economic mechanism of state regulation of sustainable development of the state economy



Cristina Veres

George Emil Palade University of Medicine, Pharmacy, Science, and Technology of Targu Mures, Romania

Google Scholar Page

Theme: Innovative approaches to Lean implementation in medical environment: enhancing sustainability and future resilience

SPONSORS














CONFERENCE LOCATION

The conference takes place in Sofia, Bulgaria, at the University of National and World Economy.

Conference location - interactive map


Recommended hotels


Recommended hotels

Park Hotel Vitosha | Hotel Sofia Studentski Grad - good prices - 15 min walking
Avenue Hotel - Free Parking, Sofia (updated prices 2025) - very good - 5 min walking
Lab Hotel | WorkNomadsHotel - very good - 5 min walking

CONTACT

Address
Oikos Institute Research Center
Neznanih junaka 9-11
76300 Bijeljina
Republika Srpska, Bosnia and Herzegovina

Phone
+387 55 423 183
+387 65 330 002 (Viber)

E-mail
oikos.institut@gmail.com
novi.economics.institut@gmail.com