In this paper, we assess the impact of the COVID-19 crisis on the bankruptcy risk of a sample of 100 hotel companies and, consequently, on the hotel industry in the Republic of Serbia. The assessment applies to the period, 2019–2026, with the use of the data on the financial indicators for 2015–2020. Five novel structural time-series models, which have the indicators derived from Altman’s EM Z″-score model as predictors, were used, and a new conceptual framework for assessing bankruptcy risk is provided. The framework expands the applicability of credit-risk-scoring models to multiyear predictions, and it takes into account the dynamism of the transitions of the firms among Altman’s risk zones. The predictions that were obtained when the Springate and Zmijewski scores were applied along with the Altman Z″-scores demonstrate the fair applicability of the scores for the models that are introduced here. The results of the models were confirmed by 270 artificial neural networks and they were compared to the results of the classical time-series models. The crisis started to have a negative effect on bankruptcy risk in 2020, and this effect is expected to rise until 2023; currently, in 2022, the highest number of hotel companies may be headed for bankruptcy. Amelioration in the position of the companies cannot be expected before 2024; however, even in 2026, the risk of bankruptcy will remain high when compared to the pre-COVID-19 period and, thus, the surviving companies will become more fragile to any further exogenous changes. These results provide a basis for the adaption of state-supported measures and business policies in order to withstand the crisis and to ensure sustainability.

Nuclear power remains one of the most accessible choices in addressing environmental and social concerns due to the continuously increasing energy needs around the world. While it remains an excellent source of energy due to its low price and low level of emissions, potential accidents remain a serious problem. An example of such is the most recent accident in the Fukushima Daiichi Nuclear Power Plant (2011), which reminded the world of the potential risks of nuclear energy and the consequences of which continue to have a lasting effect. There is no nuclear power plant in Serbia, but there are about 15 nuclear power stations scattered within its neighboring countries. Therefore, the Serbian Government decided to study how the Serbian public perceives the risks related to the potential construction of nuclear power stations in the country, nuclear energy in general, and its possible benefits and risks. The objective of this paper is to present the results of this assessment along with a literature overview on the (environmental) risk of nuclear power. A pilot study consisted of a series of 270 randomized face-to-face interviews that took place in the public square of Belgrade in March 2019. Logistic regression was used to examine the cumulative effects of the different risk factors. The results showed that the majority of the respondents are skeptical and do not support the construction of nuclear power stations in Serbia. Furthermore, this research identified several additional important correlations that have a significant impact on the public perception of risk.

Agricultural activity is very important for every country that strives to create a stimulating, stable, abundant, sustainable and equal business environment for all market participants. By striving for sustainable economic development and growth, as well as preservation of the ecosystem, organic agricultural production aims to produce high-quality food. Within the socio-economic space, the role of the state as a regulator of production and market relations is indispensable. The state often uses fiscal policy as an instrument for the regulation of relations in the sphere of production and trade. The level of the tax burden is of vital importance for achieving a sustainable level of agricultural development. From the aspect of the Serbian economy, the taxation of agriculture in the future period must be based on a system of tax incentives for organic production. In the long run, this can increase the volume of organic production and the use of healthy food in human nutrition.

Tax liability is the duty of the taxpayer to pay the tax. The tax­payer is responsible for the fulfillment of tax obligations from the moment of the occurrence of taxable event on which the authority imposed the tax liability. The moment of the occurrence of taxable event shall be determined separately for each tax, in accordance with the relevant tax law. The fulfillment of tax obligations is the payment of the amount owed. for the tax.

Despite proclaimed equality and parity of subjects in a labour market, workers are actually a weaker party within the system of collective bargaining. Their position in negotiations and negotiating of work and employment terms cannot be made equal with the position of the holders of capital, particularly in cases of collective bargaining with an employer. Along with the rising level of collective bargaining, the position of labour/trade union negotiating party gets stronger as well. The union power comes to the fore less when bargaining at the level of employer than at the sectoral or national level. At the higher levels of collective bargaining, the unions are more successful in protecting the rights and interests of workers. The process of collective bargaining influences the labour market as well. This influence is particularly noticeable in small or insufficiently developed economies, such as the economy of Serbia.

The labor market shows marked fluctuations between supply and demand, which basically reflects the economic environment of the Serbian economy. These changes in the labor market are the result of the country's economic policy, business conditions, legal regulations, social shocks, gray economy flows and other economic, social, legal and political factors. Employment growth in the workforce creates conditions for a higher level of employment of all economic resources, which will in the long run enable the growth of gross domestic product and a better position of all economic entities in the country. The state must develop instruments to develop a private initiative and create new jobs. It is necessary to create an environment that will stimulate investments and more employment of the economy, which will result in higher employment.