It is stressed, that the global monetary relations are distorting the global competitiveness. Economic growth maintaining under the middle and low income countries competitive pressure is possible with the deviating down of the nominal exchange rate from PPP or with high graded institutions developing that can encourage innovations, business opportunities, and capital inflows. Basing on the data of 82 countries it is empirically confirmed direct and statistically meaningful relations between quality of institutions and exchange rate deviations from PPP. It is found that five clusters of the countries joined by the principle of quality of institutions and exchange rate deviations from PPP. The highest economic growth is observed in the countries with strong institutions and little undervalued exchange rates. The countries with low graded institutions may maintain economic growth only under the strong undervaluation of currency. Developed countries may deal with the competitive pressure due to the institutions of high quality. Quality of institutions and institutional competition are expected to be the most important forms of the global economy fragmentation.

Key words:
Quality of institutions, purchasing power parity, exchange rate, global competitiveness, real convergence, global monetary relations.

Existing scientific research works regarding external debt had been ana-lyzed. Analysis of the positions of Ukraine and European Union countries on the coordinates of the Quality of life index, Safety of life index, and Sustainable de-velopment index grids has been conducted based on the 2012 data with consid-eration of the external debt of the respected countries. It has been proved that the European Union countries with substantial amount of external debt present somewhat better results in Quality of life index than they do in Safety of life index. A high level of Quality of life index has been noted among the majority of the EU countries along with significant amount of the external debt per citizen. The presence of the the «gravity» effect has been proved for the neighboring countries, which has been reflected by similar values of the complex indicators, quality of life and safety indexes. High value of the correlation coefficient between the Economic dimension index and Sustainable development index has been revealed; this also proved external loans as influence on better performance of the values of both of the indexes.

Key words:
European Union, external debt, Quality of life index, Safety of life index, Economic dimension index, Sustainable development index.

In times of economic crisis creating new kinds of advantages remains a key task which determines a quick recovery from economic difficulties as well as whether the fast socio – economic development of the country is achieved. These advantages should be based on the use of knowledge, intellectual capital and abilities of the state and local self governments’ structures to support and establish conditions for the innovative development of the country and its regions. RIS is a public policy instrument whose guidelines are directed at a priority of the innovative development. The paper presents both the methodical foundation for building the regional innovation strategy and vision for the development of an innovation ecosystem in Region.

Key words:
National innovation system, regional innovation strategy, innovation eco-system.

In this paper the characteristics of international trade of the Black Sea Re-gion economies and the European Union are examined. By using the relevant trade indices we examine the extroversion, the openness and the competitive advantage of the countries of the region in the international trade. Extroversion and export performance has deteriorated for the majority of the countries of the region. The examination of relevant trade indices (as the Balassa Index), show that the majority of the exporting products of the Black Sea Region refer to the low, and medium-low technology category, where they have the comparative ad-vantage compared to the European Union. The need for a policy that would ac-tively encourage the development of further trade and economic relationships between EU and the other countries of the region is highlighted.

Key words:
International Trade, Balassa Index, Black Sea region.

This study examines whether a separate – autonomous or not – CSR de-partment within the company, affects the opinions of managers of Greek enter-prises about practices and activities of CSR. The findings suggest that managers of companies operating in Greece, without a special CSR department, accept a greater degree of institutionalization of CSR, since it offers financial and tax advantages in contrast to the companies with a specialized department. In other, we found that the way a company manages its activities and practices of CSR is not largely affect the perceptions of managers or directors, in connection to whether a company has a separate CSR department, or not.

Key words:
Corporate Social Responsibility (CSR), Social Responsibility, CSR institu-tionalization, internal- Autonomous CSR department, society, environment, em-ployees.

Essence and forms of ambush marketing as display of unethical competi-tion and its effects on the authentic firm have been determined in the article. The author of the article has also defined directions of multipronged resistance to parasitism and has revealed its contents. Administrative-judicial and legal protec-tion of trademark rights, which were outraged, have been proven in the article.

Key words:
Intellectual property, trade designations, commercial symbols, trademark, brand, unethical competition, ambush marketing, administrative and legal protec-tion of intellectual property rights, Antimonopoly Committee of Ukraine, judicial protection of intellectual property rights.

Quality standardization is especially important for companies that provide construction, installation and repair services. The subjects of the construction in-dustry that ensure a high level of quality management systems and are capable of promptly passing the construction site with the best cost performance of construction works and services are characterized by competitive advantages. This article requires special attention to standardization of the quality of work and services in the sphere of the construction and development of regional building clusters.

Key words:
Standardization of construction works quality, quality management, re-gional building (construction) clusters.