Porter's theory supports the idea that, despite the globalization of production and trade, the competitive advantage is created in a national framework, nations, through their institutional, natural, cultural, economic characteristics ultimately determining the development of certain economic...

Business cycles are – as in definition of Burns and Mitchell -a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed...

This paper represents a short analysis of a number of key points that relate to the geographical, socio-economic, institutional and to the ecological conditions of the Black Sea region and the Black Sea Basin. The Black Sea region is steeped in history and culture and forms a vital trading area...

For European Commission, the measurement of market concentration is important because it lies at the heart of decisions about whether to approve mergers and acquisitions that might pose a potentially harmful impact on consumers. The most commonly utilized measure of market concentration is the...

Due to its geographical location and its culture and economy, Europe has neverbeen a closed or isolated area from the rest of the world. Since antiquity, the first forms of government in Europe have proven economic, cultural and spiritual openness. The openness is partially the result of the...

It is clear that transport costs are an important element which influence the final cost of a product, due to the fact that they represent a more complex area than in many other industries. Beside the internal costs (time and operation), representing costs incurred by individuals or operators...

Today, Paris MoU is recognized for having the highest applicable standards for inspecting ships arriving for operation in ports and areas of jurisdiction of the signatory states. The manner of performing Port State Control (PSC) is regulated by the provisions of the regional Memorandum of...

As a member of the International Maritime Organization, requirements which should be fulfilled by Romania are differentiated on three main directions which are in the same time characteristics of a maritime state: costal state, flag state and port state. Those tree characteristics impose...

The establishment of the European Communities in the ’80s was one of the first steps in the process of developing the European Union as we know it today. Creation of the European Union marked the beginning of a new phase in European countries that have made efforts to understand the need for...

Transport sector is essential for every country and its society. It connects good and services to markets, it gives access to jobs, education, healthcare; it is the key of economic growth, contributing to the prosperity of a nation. The present article stresses the importance of indicators in...