CHALENGES FACED BY EU SMEs IN THE CONTEXT OF THE GLOBAL ECONOMIC CRISIS

SMEs play a vital role in economic development. They offer the most economical use of capital in relation to job creation and provide the strongest growth channel for regional development. They are also recognized as the vehicle for growth in today’s regionally and globally interdependent and competitive economy. With a view at the global economic slowdown, it became apparent that economies in all regions of the world have significantly lost momentum which also affected SMEs. This paper present the main difficulties faced by SME in the EU region on the context of the present global crisis and deliver some recommendation about the reaction governments should take in order to avoid a major crisis in this important economic sector.SME, financing, economic recession, bankruptcy

Indirect taxation in the European Union

Indirect taxes are levied on the production and consumption of goods and services. They influence the retail price, and hence affect patterns of trade and consumption. Indirect taxes are ultimately paid by the final consumer. Sales and turnover taxes, excise duties and tariffs are the basic indirect taxes. In contrast with direct taxes, indirect taxes are seldom progressive. The principles for the levying of these taxes will be considered before the analysis of indirect taxes.European Union; Indirect Taxes; Value-Added Tax; Excise Duties;

Some aspects regarding the financial structure theories

In this paper the authors survey financial structure theories, from the start-up point, which is considered Modigliani and Miller’s capital structure irrelevance theorem, to recent theories, such as the pecking order and the market timing theory. For each type of model, a brief overview of the papers surveyed and their relation to each other is provided.financial structure; market timing; trade-off theory; leverage; debt; equity; agency costs;

QUALITY MANAGEMENT IN BANKING SYSTEM

Quality management banking perspective is extremely interesting, from the point of view of the activities specific, and of the permanent area competition improvement. Banks being aware of the quality problems also lead to the appearance and requirement ofCompetition, Received quality, Expected quality

Barriers in EU retail financial markets

Looking at the retail financial markets and identifing a number of ‘‘natural’’ and ‘‘policy induced’’ obstacles to free trade. We use the term ‘‘natural’’ barriers to refer to those arising as a result of different cultures or consumer preferences, while different state tax policies or regulations are classified as ‘‘policy induced’’ barriers

Barriers in EU retail financial markets

Looking at the retail financial markets and identifing a number of ‘‘natural’’ and ‘‘policy induced’’ obstacles to free trade. We use the term ‘‘natural’’ barriers to refer to those arising as a result of different cultures or consumer preferences, while different state tax policies or regulations are classified as ‘‘policy induced’’ barriers

Correlating car sales and credit availability on the Romanian market

For the purchase of durable goods such as cars sometimes buyers use credit, sacrificing thereby future income to pay for the present value. Analyzing the link between credit and automobile sales is useful for establishing long and medium term marketing strategy. This paper proposes such an analysis, carried out at a national level and at the eight development regions of Romania for the purchase of new Dacia cars but also for other brands in the year 2009. Data processing reveals a close link between the lending and the volume of cars sold emphasizing high propensity to contract loans for new cars purchases while wages increases

Some aspects regarding the financial structure theories

In this paper the authors survey financial structure theories, from the start-up point, which is considered Modigliani and Miller’s capital structure irrelevance theorem, to recent theories, such as the pecking order and the market timing theory. For each type of model, a brief overview of the papers surveyed and their relation to each other is provided

Indirect taxation in the European Union

Indirect taxes are levied on the production and consumption of goods and services. They influence the retail price, and hence affect patterns of trade and consumption. Indirect taxes are ultimately paid by the final consumer. Sales and turnover taxes, excise duties and tariffs are the basic indirect taxes. In contrast with direct taxes, indirect taxes are seldom progressive. The principles for the levying of these taxes will be considered before the analysis of indirect taxes

Consumer’s perceptions regarding Dacia cars prices, insights and lessons to be learned

Price is one of the four classical elements of marketing mix and for long-term goods, as is the case of automobiles; price plays an important role in the purchasing decision. Therefore identifying consumer’s perceptions about the price of the cars is a key factor in establishing the marketing policy of any automobile producer. This paper analyzes Romanian customer’s perceptions of Dacia car prices and aims to determine whether the manufacturer succeeded in transmitting the Romanian customers the idea of affordability regarding his products