Research purpose. The aim of the research is to assess the transparency of financial performance of public benefit organisations (PBOs).
Methodology. To achieve the aim and to accomplish the tasks set, general-scientific methods were used: the monographic method, the method of document analysis and the graphical method. A statistical analysis method – descriptive statistics – and a sociological research method – surveying – were used as well.
Findings. Since 1 October 2014 when the Public Benefit Organisation Law came into force in Latvia, the number of PBOs has been increasing every year. On 1 January 2018, the number of organisations with valid PBO status had reached 2,775. To get an insight into the opinions of Latvian PBOs on the disclosure of financial information, a questionnaire was developed. The survey was attended by 201 respondents. The questionnaires revealed that 64.68 percent of the respondent organisations had a website or a web page on a social network, although only 21.89 percent of these respondents' websites contained some sort of financial information. In parallel with the PBO survey, a society survey was conducted to get an overview of the public opinions about the need to make PBO financial information freely available. The survey was attended by 116 respondents. The results indicated that although the PBO attitude to the disclosure of financial information was considered to be reserved, the public saw the need for such information. In view of the insufficient availability of financial information in the country and the low activity of PBOs themselves in voluntarily disclosing their financial information on their websites, it is necessary to carry out activities that supplement free-access information resources and/or motivate the organisations themselves to provide free access to such information.
Practical implications. Based on the experience of other European countries, the Ministry of Finance has to consider amending the PBO Law to oblige PBOs to publish their annual financial and performance reports on their websites or in an equivalent way, thereby contributing to the transparency and accountability of the PBOs towards the society.
Sandra Minova, Rita Sešķēna, Santa Voitkāne, Zane Metla, Māris Daugavietis and Līga Jankevica
Phytopathogenic fungi induced considerable economic losses in strawberry production industry; therefore, more attention should be paid to development and implementation of preventative treatment that is environmentally friendly. Coniferous trees produce a wide variety of compounds, such as terpenoids and phenolics. Several studies are known on fungicidal activity of different components of coniferous tree bark. The aim of this study was to evaluate in vitro pine (Pinus sylvestris L.) and spruce (Picea abies (L.) Karst.) bark ethanol extracts impact on pathogenous fungi causing diseases of strawberries. Products of processed pine (Pinus sylvestris) and spruce (Picea abies) bark were tested. During 2011 to 2013, several in vitro experiments were carried out to test the effectiveness of pine and spruce bark extracts against various phytopathogenic fungi isolated from strawberries: Botrytis cinerea, Colletotrichum acutatum, Phytophthora cactorum and Mycosphaerella fragariae. Radial growth tests showed that coniferous bark extracts inhibit mycelial growth of B. cinerea, C. acutatum, P. cactorum and M. fragariae. Extracts had the highest antifungal effect on B. cinerea two and five days after inoculation (p < 0.05). Bark extracts can reduce the sporulation of B. cinerea, C. acutatum and P. cactorum.