DETERMINANTS OF THE EUROPEAN UNION’S TRADE – EVIDENCE FROM A PANEL ESTIMATION OF THE GRAVITY MODEL Michał Bernard Pietrzak, Justyna Łapińska EFFECTIVENESS OF THE MONETARY POLICY IMPLEMENTATION IN THE CONTEXT OF CRISIS: USE OF SHORT-TERM INTEREST RATE IN THE CZECH REPUBLIC AND THE EMU Ľudmila Bartóková, Júlia Ďurčová Ekonomika a management CURRENT AND FUTURE USE OF MANAGEMENT TOOLS Zlatko Nedelko, Vojko Potocan, Marina Dabić THE INFLUENCE OF ORGANIZATIONAL VALUES ON COMPETENCIES OF MANAGERS Mitja Gorenak, Marko Ferjan CHANGES OF EMPLOYEE MOTIVATION OF SLOVAK ENTERPRISES DUE TO GLOBAL ECONOMIC CRISIS Ján Závadský, Miloš Hitka, Marek Potkány A COMPARISON OF LOCATION FACTORS EVALUATION IN THE SECONDARY AND TERTIARY SECTORS Eliška Jirásková MULTICRITERIA DECISION-MAKING WEIGHTS AND A COMPETITIVE PRODUCT DESIGN Filip Tošenovský THE BUSINESS ENVIRONMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN SELECTED REGIONS OF THE CZECH REPUBLIC AND SLOVAKIA Jaroslav Belás, Valér Demjan, Jozef Habánik, Mária Hudáková, Juraj Sipko APPLICATION OF THE COMPETENCY-BASED APPROACH IN ORGANISATIONS IN THE CZECH REPUBLIC Martina Fejfarová, Hana Urbancová Marketing a obchod CZECH WINE CONSUMERS: MATURING WITH AGE? John R. Anchor, Tereza Lacinová MEASURING CUSTOMER SATISFACTION AND LOYALTY IN SPA COMPANIES Eliška Vildová, David Martinčík, Jan Tlučhoř, Dagmar Jakubíková Finance CHANGES IN THE FINANCING OF MUNICIPALITIES AND LOCAL GOVERNMENTS OF SELECTED CITIES: POSSIBLE EFFECTS ON DISINTEGRATION PROCESSES AND MUNICIPAL POLICY Pavel Roubínek, Petr Kladivo, Marián Halás, Jaroslav Koutský, Zdeněk Opravil RECENT TRENDS IN THE STUDY OF MERGERS AND ACQUISITIONS Sorin Adrian Achim