Browsing: 2018

Introduction. After the collapse of communism, Central and Eastern European countries experienced fundamental macroeconomic reforms aimed at moving from centralized to market-centered economy, where privatization of state-owned credit institutions with foreign capital has had an important role. Since the early 1990s, banks with majority or part foreign capital, as well as branches of foreign banks, have penetrated the banking markets of the countries in transition into a market economy, becoming major players as a result of financial globalization. By imposing on the banking markets of countries in transition to a market economy, foreign-owned banks have come to hold up to 90 percent in some countries in the banking market.

Aim of the study. The paper analyzes the benefits and costs of the presence of banks with a majority or part foreign capital and branches of foreign banks in Central and Eastern European countries – Poland, Hungary, Croatia, Bulgaria and Romania, with the theoretical arguments of recent researches and empirical evidence quantified in official reports.
Keywords: foreign banks, bank assets, asset profitability, capital profitability
JEL Classification: G20, F3

Introduction. As part of the population chooses to look for better earnings, may it be in their country or abroad, there is a phenomenon of massive departures to areas where earnings are higher, while there is an increased lack of labour factorin the home states.In the period between the end of 2007 and the beginning of 2008, when the economic and financial crisis wastriggered, until the present day, people have been trying to find solutions to keep up with the labour shortages that have occurred mainly in Eastern European countries, but not only. Against the background of the crisis and economies with declining performances, birth rates did not increase enough to fill the deficits which are caused, among other causes, by the families’ lack of prospect in their home countries and taking into account the opportunities to leave and settle in states with stronger economies. There have been many cases when parents have left their children in the care of others who have not left the country (grandparents, other family members or others); these children were deprived of the affection needed for a harmonious development, therefore patriotism was weakened, as the parents’ example was more powerful than any patriotic exhortation. Considering these circumstances, we must face the fact that these departures from the economy will become significant elements to be taken into account in the future. One should also consider that the newcomers, the migrants, could supply for the employment shortage at equal or lower costs, which may contribute to the efficiency of economic activity.

Aim of the study. This paper highlights the fact that in the context of the tumultuous events we are experiencing, individual shave to face realities where they are confronted with various choices, among which we mention either a higher income, where tasks are extremely difficult and spare time becomes less, or a lower income withmore leisure time. In any case, between the two maximal points, a company operating within an economy must acquire the production factors that will be used to obtain the necessary goods and services.
Keywords: cultural, demographic decline, economic growth, efficiency, fertility rate, financial crisis, migrant, mortality rate, religious, security research.

Introduction. Treatment tourism is a specific form of leisure treatment, that has increased due to certain illnesses, stress and professional illnesses. Because of this, treatment tourism is tied to many resorts known for their therapeutically properties, their mineral and thermal waters, muds, moffetes, that are situated in an exemption climate. It is also the reason why it is one of the most constant forms of tourism, with a relatively stable clientele, which contributes to the increase of the coefficients of the use of the accommodation capacity and to the achievement of increased average daily /tourist revenue. In years to come, this form of tourism will become even bigger, constituting one of the biggest sources of income, especially for our country, one of the wealthiest countries in balneoclimatic resources in Europe. The main natural cure factors contributing to the development of spa tourism are: climate, mineral waters, mud and therapeutic gases (mofettes), therapeutic lakes, bottling waters etc.

Aim of the study. Since antiquity, balneal treatments have occupied a place in the therapeutic arsenal of both “academic” and traditional medicine. Passing of time and technological progress in the field of medical sciences have failed to diminish the significance of balneotherapy.
Keywords: tourism, spa potential, therapy, resorts

Introduction. Today, businesses are using IT technology and IT systems to improve the efficiency and effectiveness of project management and business processes, as well as for supporting decisions and group collaboration. Nowadays, the development of a business can not be imagined without application of computing, tools and its methods. Projects are a special way of development and an important form for achieving the goals defined in the development plans of the company, locality or country. Projects provide rational utilization of rare funds and resources, contributes to revenue growth, economic sustainability, and better quality of life in general. Fulfilling these key objectives depends on what extent the planned project meets the parameters. A project, technically, is a temporary attempt to create a unique product or service to achieve a specific goal. Good projects need good plans. Planning is an important repeating process that communicates with the purpose of the project by defining which processes will be used, how they will be executed and controlled, and finally how to successfully complete the project within the time and budget planning.

Aim of the study. The purpose of this paper is to promote the importance of project management with the help of IT technology and adequate software, indicating that this process is very complicated, which requires detailed planning, strict organization and effective control process. Therefore, with the help of IT, in a best way we can manage and control project risk, increase profitability, increase the speed of information flow between managerial levels and reduce costs.
Keywords: Project, IT, management, planning, processes, business

Future management: from creativity to rigour

The future of management is influenced not only by the quality of people, but also by the consistency of the contexts in which they operate. The implementation of some fundamental changes required by the emergence of top-of-the-art information technologies will transform the educational systems, and they will be customized because tomorrow’s people will beable to acces, process and be able to use information from any place and at any time. The traditional management model disappears because reality calls for another type of inter-human relationship, another type of education and other ways of manifesting individuals at the level of organisations.

Introduction. In the multitude of methods and procedures for initiating and implementing new businesses over the past decade, the Lean Start Up methodology also follows the research conducted by IT entrepreneur Eric Ries from 2008. The Romanian economic context after the effects of the international financial crisis revealed an increasing trend, albeit variable, in terms of economic growth and the development of new business and entrepreneurial initiatives. This article aims to highlight the possible impact of the Lean Start Up methodology on entrepreneurial thinking and practice in Romania, both at the beginning of the road and in its continuous evolution.

Aim of the study. The paper first performs a research on specialized scientific literature, then focus on the presentation of the Laen Start Up methodology, on the advantages and limitations of the method in question, and on the implications of its use in Romania. The results of the research result in highlighting a number of possible guidelines and guidelines to follow regarding the application of the method to the newly established enterprises in Romania.
Keywords: Lean Start Up methodology, entrepreneurship, business model, startup, innovation-accounting
JEL Classification: M13, M16, M53, O31

Introduction. The sustainable management it is very important, especially nowadays, when progress made as a result of the recent industrial revolutions allow to change the vision and the economic behavior in order to increase the economic efficiency. The sustainable management in the field of the buildings is particularly important because buildings have a major contribution to the greenhouse gas emissions, to the solid municipal caves and to the water consumption and also because the individuals spend a great part of their time indoors.

Aim of the study. In recent years, we can observe a worldwide preference for the green buildings, both for new buildings and for converted traditional old buildings, demonstrated by the numerous regulations in financial and legislation fields and thanks to the advantages that they bring to the inhabitants, to the owners, to the developers and entrepreneurs and to the State. Thanks to the last Industrial Revolutions, we are allow to use new equipment and products inside buildings, to transform their appearance or shape, their utility and their functionality, so they are more environmentally friendly and healthier.
Keywords: sustainable management, green building, energy consumption, modern materials, certification.
JEL Classification: A13, D19, D24, E29, E61, E62, F35, H 21, H 22, I15, I38, O12, O15, O16

Introduction. From methodological point of view, I will use the System Theory and the instrument of logical analysis. Firstly, I will define the concept of system and institutional system, using the method of sufficiency predicates-logical analysis. Secondly, I will design a logical model for describing Institutional System of European Union.

Aim of the study. The present paper aims to analyse, using logical analysis, the institutional system of European Union. The purpose of the paper is to provide a logical model for the institutional system of European Union.
Keywords: system; institutional system; Lisbon Treaty; European Union; logical analysis.
JEL Classification: F49, O43, R11

Introduction. Entrepreneurship is the soul of any economy and is based on the ability of entrepreneurs to combine the resources they have to create and maintain a business that generates profit. An essential element for entrepreneurial decisions is information. Accounting is one of the most important sources of information that can influence management choices about their business development strategies and the exploitation of the investment opportunities they identified in the market. A quality accounting information accurately reflects economic reality and can lead to better risk management for the entrepreneurs in a competitive and continuously developing economy. Romanian accounting professionals are often victims of a fiscal stance in addressing economic transactions, caused on the one hand by the interests of the entrepreneurs in reducing tax burden and on the other hand, by the existence of an unstable and complicated tax legislation.

Aim of the study. Through this paper our intention is to analyze the impact of the fiscal accounting on the quality of the information provided by the financial statements and implicitly on the entrepreneurial decisions which are based on this information, as well as to identify possibilities to restore the role of accounting for mirroring the reality of the business environment.
Keywords: accounting data, economic substance, entrepreneurial decisions, financial statements, fiscality
JEL Classification: M41, K34