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This thesis focuses on the influence of renewable energy sources on the transmission networks in Central Europe. Firstly, it gives an overview of the power and transmission systems of Central European states. Based on the analysis, three key causes of congestion and instability of the grid are identified. These include (i) insufficient transmission capacity between northern and southern Germany, (ii) Energiewende policy and (iii) existence of German-Austrian bidding zone. To assess the exact impact on the transmission grid, ELMOD model is employed. Two development scenarios for the year 2025 are evaluated on the basis of four representative weeks of the year 2015. The first scenario focuses on the effect of Energiewende on the transmission networks, the second one drops out nuclear phase-out and thus assesses isolated effect of increased solar and wind feed-in. The results indicate that higher feed-in of solar and wind power increases the exchange balance and total transport of electricity between TSO areas as well as the average load of lines and volatility of flows. Solar power is identified as a key contributor to the volatility increase, wind power is identified as a key loop-flow contributor. Eventually, it is concluded that German nuclear phase-out does not significantly exacerbate mentioned problems.

of the thesis In this thesis I deal with a comprehensive view of the legal regulation of the activity of insurance intermediaries, including a look into the history, analysis of the current national and European legislation and the expected development of national regulations. Work has been divided into four chapters. The first chapter is dedicated to the insurance industry as a specific economic sector. Here I define the concept of insurance, dealing with the history of the industry and briefly mention the existing legal regulations of insurance in the Czech Republic. At the end of the first chapter I analyze the various distribution networks in the insurance industry with reference to the inclusion of insurance intermediaries as the most important distribution channel. The second chapter is devoted to detailing the significance of insurance intermediaries and the nature of their activities. Similar to the first chapter, here is also a part briefly focused on a historical development of insurance intermediaries activities. A substantial part of this chapter is devoted to current legislation, of which the most important institutions are analyzed in separate sections. Gradually deal with the Insurance Intermediaries Act as a whole, individual categories of insurance intermediaries, the conditions of...

Text of the thesis focuses on the activity of the Group of the European People's Party in the European Parliament. It focuses on this issue from three different perspectives. The first perspective presents a theoretical approach on the concept of europarty as transnational political actor that has developed on the basis of the development of the European integration and the development of the European institutions. The second perspective focuses on the work of the European People's Party, as a classic example transnational European party structure. It refers to its historical development and formation in the context of strengthening the position of the European Parliament. It also encompasses the Group of the European People's Party and its influence in the European Parliament in historical perspective. At the same time reveals the inner structure, program policies and operation mechanism of this parliamentary faction. The third perspective focuses on the analysis of the cohesion of the Group of the European People's Party in the seventh term of the European Parliament. The group cohesion is viewed as one of the main characters determining the strength and importance of the parliamentary factions. The analysis is based on the theoretical assumptions of British political scientist Simon Hix. In...

There has been a long discussion about macroeconomic variables influencing the level of aggregate credit risk in the economy. While literature provides both empirical evidence and theoretical explana- tion of the influence of the business cycle on credit risk, the effect of other macroeconomic variables has not been explored sufficiently. In addition, recent literature suggests the existence of a latent risk factor behind aggregate credit risk, which is regularly interpreted as the latent default cycle. This thesis provides in its first part a discussion of potential aggregate credit risk drivers, which have been previously suggested in literature. We verify using a linear regression model whether the effect of these macroeconomic variables is also apparent in the Czech Republic. Results seem to be stable for both different model specifications and different clients segments and are in line with previous studies. The second part of this thesis explicitly models the latent factor that is assumed behind aggregate credit risk by adding an unobserved component to the already existing model constructed earlier in this thesis. The unobserved component can be estimated by applying Kalman filter. We subsequently discuss the sources of the latent component and whether it can be interpreted as the default cycle. The...

The aim of the diploma thesis is verification of the financial statement and annual report in a specifically selected company. The application part follows the theoretical characterization of the latest auditing procedures, legislative and other adjustements in the Czech republic. Firstly the thesis is focused on the theoretical solution concerning the audit of the financial statement and annual report. In the first chapter are characterised the most important terms relating to the auditing such as subject and objective of audit, users of accounting information or qualities and qualifications of auditor. The next part concludes legal and professional background of auditing in the Czech republic. Major part of the theoretical section consists of the latest attitude to the auditing procedures of verification of the financial statement and annual report. There is also a description of the auditing process according to a methodical manual. The last and the most crucial part of the thesis consists of a practical application of auditing procedures of verificaion of the financial statement and annual report in a selected company. A subchapter receiving the most attention is Realization of auditing procedures that is based on analysis of the particular part of assets, liabilities, costs and profits.

The work is a case study that focuses on the attitude of the Czech Republic towards security and defence dimension of the European Union. It focuses on the context of European security and defence policy. It gives a detailed insight into the system formed by the European institutions, their powers and decisions on the one hand and Member States on the other. Within this context, formulates four major issues that the European security and defence policy reflected in the security policy of the Member States. The study focuses and examines the most significant of these problems, and probes whether and how these problems appear in the attitudes of the actors of the Czech security policy. Key words: European Union, Common Security and Defence Policy, Czech Republic, security policy

There is large evidence that fiscal policy in many countries tends to pro-cyclicality. This phenomenon is often observed in emerging countries but might also be present in developed ones. It is unclear why so many countries follow apparently sub-optimal fiscal policy. First part of this thesis reviews existing literature concerning pro-cyclical behavior of fiscal policy. It shows in which countries and under which circumstances pro-cyclicality has been present. Furthermore, models explaining pro-cyclicality of fiscal policy are introduced. The remainder of this thesis surveys fiscal policy making in Europe. We show that after subtraction of automatic stabilizers from government budget and considering only discretionary part of fiscal policy, pro-cyclicality of fiscal policy is also present.

This bachelor thesis mainly deals with monitoring the level of dental hygiene in school-age children. The importance of dental hygiene is unquestionably significant for everyone. It is really important in preventing the most common disease of the oral cavity such as dental caries. Dental caries is the most widespread disease, which affects people of all continents. The most effective prevention of this disease is patient?s awareness. Therefore, the theoretical part of this bachelor thesis focuses on anatomy and physiology of oral cavity and the most frequent illnesses such as above-mentioned dental caries and diseases such as gingivitis or periodontitis. Causes, diagnostics, cure and already mentioned prevention of these diseases are listed in this thesis. One part of this thesis also deals with products, instruments and methods for brushing teeth, without which no oral hygiene can do. The theoretic part of this thesis also examines influence of nutrition and condition of teeth over general health of individuals. The aim of the practical part was to determine the level of knowledge about dental hygiene of school age children. The research was made by questionnaire survey. Evaluated questionnaires became the basis for graphics part, which shows the level of childrens? dental hygiene and their knowledge of this subject matter.

The Changes of Occurence of Unsportsmanlike Behaviour Depending on Changes of the FIBA Rules on the Example of the National Basketball League in Czech Republic Summary Objective Find out, what effect did the changes of rules and the effort of FIBA for "clean game" have on occurance of unsporsmanlike behaviour. Methods Testing using the analyze of the documents (plot analyze). More than 1100 official NBL scoresheets were analyzed Results Show the actual status of unsportsmanlike behaviour occuerence (mainly in time). Try to find out how to influence the current status through the medium of rules. Suggesting possible steps to fight against such a behaviour. KEYWORDS: Frustration, emotivity, unsportsmanlike behaviour, fair-play, basketball match, FIBA, unsportsmanlike foul, technical foul, disqualifying foul

This bachelor thesis deals with the financial analysis of a selected company. The first theoretical part characterizes basic terms, goals, users and sources of input data. It also defines the used models and indicators and explains the process of their calculation. The main practical part describes the selected company and performs the horizontal and vertical analysis of financial statements, the analysis using the ratio indicators and the cost-benefit analysis. The company is compared with two other companies from the same field using a selected financial standing and bankruptcy model. The final part evaluates the overall financial position of the company and proposes proper solutions.

Evropská integrace probíhající v poválečné Evropě prodělala bouřlivý vývoj, kdy do té doby vzájemné národní soupeření jednotlivých evropských národu bylo postaveno tváří tvář před děsivé následky druhé světové války. Hlavním představitelům povalečných evropských národu bylo zřejmě, že nynější mezinárodní uspořádání v Evropě potřebuje radikální změnu. Samotný průběh integrace evropských států od podepsání Římských smluv v roce 1957 v sobě zračí rozličné dějinné zvraty v jednotlivých státech. Je bláhové si myslet, že národní státy se idealisticky zbavily části své suverenity ve prospěch nadějného projektu evropského společenství. Ba právě naopak se průběh postupné evropské integrace stal rámcem, ve kterém se jednotlivé národní státy snažily realizovat své národní zájmy. Tímto na sebe jednotlivé státy převzaly dynamiku rozvoje evropské integrace. Realizace partikulárních národních zájmů se tak paradoxně stala i rozvojem hlubší evropské integrace.