Comportamentally, the external trade balance is determined by the state of the national economy, external factors and by the evolution of the currencies in which the trade is done. The evolution of the external trade balance is the mirror of the external imbalance recorded by Romania in the...

One of the most important components of the European financial system is represented by the banking sector, especially in the case of the new EU member states, where the economy is almost exclusively financed through this channel. The banking integration process thus has a vital importance for...

Strategy implementation is a continuous process – national or international. A chosen strategy must be revised continuously in order to identify and deal with strategic issues as they arise (internal and external contexts). This process has to consider the interrelationships between...

The process of economic integration between Romania and the Euro area has supposed the emphasis both of the trade and the financial linkages between these economies, especially during the period 2003-2008. Prior to the economic crisis, the foreign financial flows in have generated a fast...

Structural funds are financial instruments through which the European Union acts in order to eliminate the economic and social disparity between regions, with the purpose of realizing economic and social cohesion. As well as the pre-adhesion funds (SAPARD, PHARE, ISPA), structural funds are a...

The recent financial crises that have hit mostly the developed world in the two main regions, the United States of America and the European Union have highlighted the need of a sound framework for the financial transactions. Steps toward an increased set of regulations have been taken in both US...

The European integration process has dominated Europe landscape for the last decade. In least than five years between 2004 and 2007 the number of member states has been raised from 15 to 27. An important part of this process is the development of the single European financial market as a mean in...

The accession of Romania to the EU took place in a moment in which the concepts referring to taxes are clearly marked by the Founding Treaties stipulations and by ECJ jurisprudence. Romanian fiscal law has suffered successive modifications in the past 18 years. The modifications have been...

Over the last decades, as the tertiary sector gained an even larger share in national economies, tourism became an engine of economic growth and a determinang of long-term sustainable development. Today, tourism represents much more than a service category – it is a complex industry, exerting...

Competitiveness represents a dynamic process which long time ago ceased to concern only the business environment, entering the sphere of interest of the political environment and debate on academic level. The objective of this work is to offer a reference system which should represent a...