Financing Regional Development Through Development Banks
A combination of various sources of financing is a necessary prerequisite to finance any development as well as regional development. Sources of financing can be monitored and evaluated from the aspects of suitability (cost aspect), availability and abundance. Ultimate users of funds give advantage to financial sources whose availability and abundance is at the maximum level, and costs are at their minimum. For the most part, development bank funds meet the above mentioned requirements, since the main function of these banks is to finance certain activities under special (more favourable) conditions. The significance, justification and evaluation of this form of financial resources in the regional development segment are becoming more and more prominent. The subject of this paper is the amount and conditions of development bank loans in the area of Osijek-Baranja and Vukovar-Srijem Counties.
The Process of Transition and the Capital Market in the Republic of Croatia
As a transition country, Croatia is confronted with fundamental changes in the segment of capital transactions. These changes are the result of the country's market orientation, of its position in the globalization(integration) processes, but especially of its needs. The limiting framework of a more significant development of the capital market is set by the reached level of development of the Croatian economy, by the underdevelopment of the entire financial market, by, until recently, inadequate legal regulation and, partially, by the specific tradition and conservatism in this segment. The present situation in the segment of capital transactions indicates the comprehensiveness of the changes regarding the development of the capital market, but at the same time the extreme sensitivity of this market to changes of the economic activity in the country, as well as in its surrounding, and high sensibility relating to the political decision about the initiation of negotiations with the European Union concerning the membership of Croatia in this association.
Fast seismic data compression based on high-efficiency SPIHT
Based on the set positioning in hierarchical tree (SPIHT) algorithm, fast seismic data compression based on the high-efficiency SPIHT (HESPIHT) algorithm is presented. To verify the validity of the algorithm, 10 seismic cross-sections are selected for the experiment. The result shows that the algorithm can reserve the quality of data better, meanwhile improving the efficiency of encoding and decoding.