Purpose The purpose of this practice-oriented paper is to look at a recent, late-phase development in public administration (PA) reform in Romania, specifically the drafting of the recently adopted national Strategy on Strengthening the Efficiency of Public Administration (2014-2020). In...

Following the Black Swan logic, it often happens that what we do not know becomes more relevant that what we (believe to) know. The management of extreme risks falls under this paradigm in the sense that it cannot be limited to a static approach based only on objective and easily quantifiable...

The reform of civil–military relations and the establishment of a democratic control of Armed Forces were important concerns for the Romanian transition, after 1989. The main reasons were related with a misperception that the military were supporters of Ceausescu's dictatorship, their...

Romania has experienced a dramatic transition, after 1989, starting from one of the fiercest communist regimes and trying to build a democratic regime and to join the Western institutions, such as NATO and EU. The issue of democratisation of civil–military relations ranked high on the reform...

The aim of this paper is to analyse the development strategies of an innovative Special Purpose Vehicle (SPV) for sustainable and responsible investments (SRI). This contribution represents a premiere for the Romanian capital market, an emerging market with low liquidity and limited...