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Summary

Subject and purpose of work: The objective of the study is to characterise the status and nature of local authorities’ relations with local communities and to assess the importance of local relations in the process of strengthening local innovation.

Materials and methods: The survey method was employed in the research and a questionnaire was sent to heads of communes /mayors via electronic means. The research material consisted of 105 questionnaire forms.

Results: There is a perceived imbalance in the development of interactions with social and economic actors to the disadvantage of interactions with economic sector representatives. Increasing local innovation rooted in the economic dimension of the development processes of the analysed local systems has been revealed to be of a relatively lesser importance. Local Action Groups are a major contributor to the development and innovation process, mainly in the social dimension. Local relations are not perceived by the representatives of local authorities as particularly important factors of regional innovation.

Conclusions: The analysis of the local systems revealed a need to increase the scale of activity of local government representatives as part of developing relations with the economic sector. Opportunities should be sought arising from building local partnerships aimed at the implementation of pro-innovative, multi-stakeholder projects, which will have a greater capacity to influence local development processes.

Abstract

Accommodation tourist industry is characterized by high variability. For this category of services not only the location is crucial- that does not change, but also the standard, prices and seasonality of services. In the recent years, leisure centers performing functions only during the summer time have seen the possibility to extend their activities beyond the summer months. The reasons for this are the local investments requiring qualified staff which comes from different parts of the country, Europe and the world while creating demand for accommodations. To meet the possible demand needs and to adapt to cold season, performing thermo-modernization works is necessary. In order to find the best solution and answer those needs, analysis of the profitability of the investments in a chosen holiday resort was carried out. The article presents the results of the analysis based on the payback period, LCC analysis and assessment of the investments risk.

Abstract

One of the main tasks of real estate management is making decisions concerning the location of investments. Taking into consideration the fact that any investment affects, directly or indirectly, the economic development of a commune, it has a significant impact on the local real estate market. Investments that have a negative impact on the environment can contribute to a reduction in the activity of the local real estate market. Upon performing tasks related to the economic development of a region and to an increase in the inhabitants’ quality of life, the activity of the local real estate market increases. The paper presents the role of spatial information systems as a source of data used in decision-making processes related to local investment site selection. Currently, there are spatial information systems functioning as a platform for multi-level information systems on real estate and GIS, on local, regional, national and international markets. In this way, the resources of spatial information are available to all institutions, natural and legal persons. As a result, the acquisition of a series of data can take place at any time and at no cost.

] Charaia, V. (2014a), ‘Role of FDI for Countries Economic Development. The Case of Georgia.’ Paper presented at the 9th IBSU International Silk Road Conference on Business, Economics, International Relations and Education, 23–25 May, 2014, Tblisi, Georgia. Abstract retrieved from https://silkroad.ibsu.edu.ge/silkroad/index.php/silkroad/silkroad9th/paper/viewPaper/292 [accessed Nov 2018] Charaia, V. (2014b), ‘Local investment climate and the role of (sustainable) FDI: The case of Georgia,’ International Journal of Social, Behavioral, Educational, Economic, Business

-328. Rogerson, C.M., 2008b: Integrating SMMEs in Value Chains: The Role of South Africa’s Tourism Enterprise Programme. In: Africa Insight, Vol. 38 (1), pp. 1-19. Rogerson, C.M., 2009: Local Investment Incentives for Urban Economic Development: Recent Debates in South African Cities. In: Urban Forum, Vol. 20, pp. 437-453. Rogerson C.M., 2010a: Local Economic Development in South Africa: Key Strategic Challenges. In: Development Southern Africa, Vol. 27, pp. 481-495. Rogerson, C.M., 2010b: In Search of Public Sector Private Sector Partnerships for Local Economic Development in

.V. (2011): Windkraftanlagen. Aus eigenem Antrieb. In: Capital vom 07.11.2011. Online unter: http://www.capital.de/unternehmen/:Windkraftanlagen–Aus-eigenem-Antrieb/100042860.html(letzter Zugriff am 29.03.2012). o.V 2011 Windkraftanlagen. Aus eigenem Antrieb. In: Capital vom 07.11.2011 Online unter http://www.capital.de/unternehmen/:Windkraftanlagen–Aus-eigenem-Antrieb/100042860.html(letzter Zugriff am 29.03.2012 PREDAC – European Actions for Renewable Energies (2003): 4 good reasons to favour local investment. Online unter: http

companies operating nationwide stayed in Almelo, and new ones were attracted by low prices and the cooperative attitude of local authorities. National, regional and local investments in the weakest inner city neighbourhoods spectacularly improved the city's appearance and led to an increase in quality of life in terms public health, participation and 2013] URBAN GOVERNANCE “GOING NATIVE”. EUROPEAN EXPERIENCES 59 decreasing crime figures. All of these results, however, were produced “from above”, with limited involvement of social and private actors from

that R&D tax incentives increase the amount of R&D investment, the estimates from literature vary considerably. In addition, R&D tax incentives may induce R&D investment to be shifted between different locations instead of increasing the overall level of local investment. R&D tax incentives have now become a popular innovation policy instrument and competition is growing between countries to attract investment. These incentives are important for a small and open economy like Ireland, as it maintains a balanced playing field for foreign direct investment inflows and

irreversible catastrophe.” President Barack Obama at UN Climate Change Summit, E nergy .G ov . https://www.energy.gov/videos/president-barack-obama-un-climate-change-summit . His 2013 Climate Change Plan announced ambitious plans for curbing carbon pollution and agency support for local investment to help vulnerable communities on the domestic level. Internationally it committed to leading and expanding existing global climate change initiatives, including those with China, India and other major emitting countries and called for the end of U.S. government support for