SOME ACTUAL AND PERSPECTIVE PROBLEMS OF THE ROMANIAN SEASIDE - THE BLACK SEA SEASIDE

In the context of globalization, some countries try to apply in tourism, theinternational management standards. The aim of this paper is to realise an analysis of themode in which these desiderata are satisfied, to present the forte and the week points ofthe management policies applied in Romanian tourism and to propose a series of actionlevers to improve the quality of services. The applicative part make allowance for therealization of a study on services carried out by a series of commercial societies whichdevelops their activities in the tourism domain and which have an intermediary statusbetween the producers of values and the consumers of it. It will be followed the packagesservices offered to the consumers, comparative with the one of the economic entitieswhich action in the same sector of activity and which is placed in Romania'sneighbourhood.tourism, accommodation, littoral, hospitality, classification.

THE PLACE OF THE EMERGING ECONOMY OF ROMANIA INSIDE THE EUROPEAN UNION ECONOMIES IN TERMS OF FTSE CRITERIA

transparency); derivates (developed derivatives market). The final part of the paper is reserved to the understanding of the mode in which each of the considered economies of the European Union, including Romania and regardless of what category they belong (developed, emerging or frontier economies) behave in relation to the above criteria used by the FTSE in relation with the market quality. In terms of research methodology, this took into account the data collection through the observation method. This method use, as research tool, the observation guide. We have also had regard to the proper definition of the concepts and their operationalization in order to bring to the fore a number of relevant indicators for the economies of the European Union. Keywords FTSE group, emerging market, frontier market, market criteria Jel classification G10, O 52 This paper has, as main goal, to present certain matters related to Romania's position as frontier economy, inside the European Union economies according with the FTSE classification in terms of Global Equity criteria. These was structurated into five groups in the following manner: first reveals aspects looking Market and Regulatory Environment, the second is about the Custody and Settlement, Dealing Landscape make the object of the third group, and the elements considered by the fourth and fifth group are making reference to the Derivatives and, also, to the market size. Are also fallowed, through the present paper, the extent to which the developed, emerging and frontier countries of the EU meets or not the presented criteria

Study on GRI Reporting of Non-profit Organizations in Europe

GRI reporting was created with a dual purpose: on one hand, to grow awareness for the entities, regarding the importance of their involvement in social activities, and on the other hand, to answer to the need of transparency of stakeholders in decision-making process. For this reason, in 2010, non-profit organizations have begun to upload their reports on the GRI website, pointing out that their activities fall within the social side of society, perhaps more than the case of economic organizations. The cognitive approach starts with the presentation of six versions published by this institution, as a response to the necessity to identify indicators with an increased degree of relevance, comparability and verifiability. Subsequently, by accessing the GRI database for the period 2010-2015 and with reference to the European area, a classification of non-profit organizations was considered, at international and European level. In order to present the importance of the GRI reports, the paper presents the progress of these organizations, in presenting their voluntary activities according to GRI versions which were applicable at the time and types of certifications of  their published data (C, C +, B, B +, A, A +, in accordance-core and in accordance-comprehensive)

The Budgetary Implementation on Main Components of Romania's General Consolidated State Budget

This paper takes as its starting point an overview of Romania's budget system structure, followed by a number of basic elements regarding the revenues that can be mobilized to these budgets and, implicit, types of expenses that can be financed from the budget funds. Given the significant number of components of the budgetary system, it was followed the budgetary implementation on main components of Romania's general consolidated budget, with direct reference to the state budget, local budgets, state-run social security budget, national fund for health insurance budget and the unemployment insurance budget. The period on which we examined the budgetary implementation, on the structures mentioned above, is the 2004-2015 period of time and, reported to these budgetary exercises we considered, under progressive aspect, the dimension of the collected budgetary revenues, of the financed expenses (as final destination of certain of these revenues) and, also, the result of the budgetary implementation. The final point of the present research is the evolution of current and capital expenses and of the relationship between these, as an effect of the state budgetary policy

Assessments Regarding the Economic Development from Ecological Perspective

The modern Eco-Economy concept makes reference to a new type of economy, which will develop without damaging the environment that is support of economic development. The financial crisis is a today reality facing almost all world countries and is seeking solutions to overcome. The aim of this paper is to identify and analyze some ways which can get out of financial crisis, by reorienting the economic development to a new type of economy. This approach is based on studies that claim the world economy must to be reinvented and the financial crisis is a best opportunity to ensure a sustainable development. One of the most appropriate solutions is orientation towards green business. In terms of the Dow Jones Sustainability Index, in the current financial crisis, the green enterprises registered better results. Another solution is forthcoming in the fiscal economic reform, which will guide the market economy to environmental objectives. In new eco-economic culture, the growth and development have different meanings, allowing the zero growth theory reconsideration, which can provide practical solutions for getting out of financial crisis.eco-economy, economic development, financial crisis, zero growth theory

THE NEED FOR SRATEGY IN THE TRAINING OF EMPLOYEES: A CONDITION FOR IMPROVING THE HUMAN CAPITAL IN ROMANIA, AS EU MEMBER

As a component of the intellectual capital, the human factor is a competitive resource, full of potential and economic benefits. The use of it should be further promoted, while improving the consistency of definitions and methods across Europe. Knowing the fact that the business environment is based on the human capital, it should also take into account the views of stakeholders and the developments in accounting rules and corporate governance in order to assess, to measure and to report this component of intellectual capital. Of course, for Romania, being a part of the huge mechanism that is EU means a new perspective for the use of human capital and for the understanding of its importance. The main focus of the paper is on Romania's strategy regarding human capital, which should be consistent with EU 2020 Strategy, should be based on the idea that intellectual capital investments and assets are necessary, but not sufficient to make human capital productive, and a change of perspective is necessary

The Innovation Perspective of the Acquirers: Empirical Evidence Regarding Patent-Driven M&As

Economic entities get involved in mergers and acquisitions (M&As) because they are interested in external growth strategies which can lead to an increase in the wealth of the shareholders of the participating entities. In M&As, from an acquirer or a target’s perspective, a company brings its resources, which can be material or immaterial (knowledge). In the post-M&A phase, through the integration process the shareholders expect synergy gains, or that the combined firms to report efficiency gains higher than if they would activate separately. In nowadays, in a boundaryless economy, one of the most appreciated resources is knowledge. In this respect, the intangible assets, in general, and patents, in particular, are the accounting representation of knowledge in a company. They are also considered to be predictors for the deal value paid to the target company. To those we add the size of the target company, its core activity and the value of the research and development expenses, the latter being a significant mediator variable for the proposed models