THE ROMANIANS ARE THE POOREST OF THE EUROPEAN

Poverty is one of the most serious questions facing the world today. Food, hygiene and education are the main problems of the poorest countries in the world. Volatility in food prices pushed tens of millions of people into poverty and contributed to violence and instability, both extremely dangerous to global security

Identification and evaluation of the risks associated to the illegible word

The risk identification represents the first and most important phase of the risk management process, this consisting also in the potential dangers identification that exists in the entity.risk factors, human error, techniques, work methods

Identification and evaluation of the risks associated to the illegible word

The risk identification represents the first and most important phase of the risk management process, this consisting also in the potential dangers identification that exists in the entity.risks, evaluating risks, risk factors, work methods

SUBSIDIES AND NON- REIMBURSABLE EUROPEAN FUNDS

Subsidies are non-reimbursable financial resources received by an entity subject to certain conditions, including their destination. From the accounting point of view, it is possible to talk about both subsidies related to assets or investments related to operating income. These forms of non-reimbursable aid are recognized, on a systematic basis, as revenues of the periods corresponding to the expenses that the subsidies will compensate. Entities conducting non-reimbursable funds under External Financing Programs will use the applicable accounting treatment for grants to account for the operations generated by the receipt and use of these fund

PERSPECTIVES REGARDING THE QUALITY OF THE INTERNAL AUDIT AND ITS IMPACT ON THE FINANCIAL PERFORMANCES OF THE BANKS IN ROMANIA

The objectives and responsibilities of the internal audit are expressed and concentrated in both international and national regulations. The scope of the internal audit should include the entire system of the bank for identifying and measuring its regulatory capital and assessing the suitability of its resources for the bank's risk exposures and compliance with the minimum set ratios. The internal audit function should independently assess the bank's systems and processes for measuring and monitoring liquidity positions in relation to its risk profile, external environment, and minimum regulatory requirements. At the same time, internal auditing should regularly review the process by which risk and reporting functions interact to produce timely accurate, relevant, reliable, and accurate financial reporting to the management, regulator, and other stakeholders (shareholders, investors). Basel III requires that the bank's compliance function, including compliance monitoring, as well as any regulatory requirements, should be reviewed periodically by the internal audit and set a broad scope. One of the significant requirements is that the scope of the internal audit plan should adequately cover all aspects of regulatory requirements

LABOR MARKET IN ROMANIA BETWEEN PRESENT AND FUTURE

The current economic crisis, cataloged by most economists as the worst recession of 1933, makes most of the population can not enjoy a decent standard of living and appropriate working conditions. The most serious implication that the economic crisis has on the labor market is the rising unemployment and underemployment rate increase default. The number of unemployed in Romania could increase at any time due to the economic restructuring of the country and the availability of immigrants from the Community, Romania is one of the major exporters of labor. In this time of crisis in the face of Romanian economy appears that a particular problem are twofold. It is, on the one hand, an effective demand for labor insufficient structurally that will lead in the future to under-utilization of production equipment, and on the other hand, a substitution of labor imposed by technical progress, which will lead to increased unemploymen

Influence of Life Insurance on the Romanian Insurance Market

Day by day we are confronted with economic reality that each of us face and calling attention togrowing our future financial planning and the need for long-term savings. However, awareness ofthis need is only a necessary first step, continuous communication is essential benefits and role oflife insurance in financial planning for the future. The insurance sector usually and of the life insurance, in particular, is particularly importantareas in any economic system, development of life insurance can have a particularly strong impactespecially in economies in transition. More than this, it was shown that the economic impact of thelife insurance act is accompanied by significant social effects

ACTIVITIES EVOLUTION OF DISPOSAL OF RISKS IN

Reinsurance arose from the need to complete once all area insurance and to support them financially. They were born in the occurrence of extreme high risk, which, if they would take an associative insurance, could go bankrupt. The first thought that comes to mind when you ask what insurers are useful is the "capacity and protection". But for a market like the one in Romania, the real answer is know-how. . We need both the ability and protection, but we also need knowledge. Reinsurance is a necessity, not a cost. We emphasize that, finally, reinsurance is considered an important action and be given increasingly more attention to the activity of insurance companies. Although in previous years, shareholders and managements of insurance companies not warranted allocating a budget of reinsurance, However reinsurance operations have always evolved in recent years, being made that there are more than necessary for the development of the insurance – reinsurance market in Romania Since both the insurance and reinsurance activities always aims to provide financial backstops against a wide range of potential hazards, the approach to identification, analysis, quantification, failure and risk assessment is an essential component of this area of insurance

PROVISIONS ON THE MANAGEMENT OF A NEW SYSTEM OF INSURANCE IN ROMANIA

Responsibility does not mean looking for a scapegoat for a mistake, but really taking responsibility. Who assumes responsibility is willing to do whatever it can to achieve its objective and thus confidence. Managerial work is a collection of recipes required to apply, but requires discernment capacity, skill and talent of the managers, for which is considered both "a science and art", he thought to achieve results through others' but assuming the responsibility for the results achieved Ensure that the economic phenomenon, is taking a certain risk from the insured by the insurer for a price. Assuming that social insurance is a reaction to the risk that everyone faces in social and economic life, insurance can be distinguished: exogenous risks targets whose probability of production can be calculated with great precision, but objective risks private information, the chance probability of the event is largely an individual's private information, which creates problems of insurance company risks endogenous targets whose expression is the consequence of known variables, controlled by each individual and moral hazard caused by cases the insured may worsen risk used to calculate average insurance premium

SOCIAL SECURITY SYSTEM-A SPECIAL FORM OF PROTECTION OF ROMANIAN SOCIETY

In a democratic State, social protection is a fundamental element of State policy, because the implementation is carried out prevention, reduction or elimination of the consequences of events which are regarded as "social risk" on the level of living of the population. Social protection is designed to ensure a basic standard of living for all people, irrespective of the means by which they have