Browsing: 2018, Vol. 27, Issue 1, May

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.