The horizon of 2050 is projected a new vision of the economy, supported by a coordination of economic policies in order to generate sustainable growth, employment levels, social cohesion, which would contribute to economic and financial recovery of European Union. Challenges facing the Union are...

Today in Romania, in the context of the liberalization of the capital account and under a floating exchange rate (official is a managed floating currency regime established by National Bank of Romania) the foreign exchange rate is very volatile. In consequence the financial institutions,...

A bank loan is the main form of economical credit. It is for corporate activities - for medium and big companies and for retail activities - for small companies and individuals. The conditions for credit mainly depend on the quality of customers, it means their ability to perform a profitable...

Although present times seem pretty bad, forecasts show that Romanian tourism is very much entitled to have one of the most dynamic developments in all Europe, having possible resources to represent a 7-per cent contribution in Romania’s GDP, too. In this respect, the creation of the country...

In the current economic context, ensuring a sustainable and consistent economic growth is required for the reduction of development gaps by comparison the European average. To this end, an important part is played by resuming the economy financing and supporting the investment processes that...

Despite a good development support made up of highly trained, skilled and concerned human resources as well as of material resources that are not to be neglected, but taken into consideration, touristic activities in national economy systematically face a performance deficit, being unable to...

In a crediting relationship, one of the parties involved – namely the creditor – is exposed to certain risks which impose taking measures to guarantee a debt. If, at the due date, the debtor cannot pay his/her debts and meet the assumed liabilities, the creditor can execute the legally...

VaR has become the standard measure that financial analysts use to quantify market risk. VaR measures can have many applications, such as in risk management, to evaluate the performance of risk takers and for regulatory requirements, and hence it is very important to develop methodologies that...

Every international business is affected by the ever-changing value of the currencies implied in contracts. While many of us consider this unpredictability a nuisance, the volatility of currencies around the world can mean the difference between success and failure for many exporters/importers....

Within financial theory and practice, there are used five main criteria for selecting investment projects: the net present value (NPV) criterion, the internal rate of return (IRR) criterion, the return term (RT) criterion, the profitability ratio (PR) criterion and the supplementary return (SR)...