Economica

15

Authors: Oleg VEREJAN, Victor CALDARE

One of the most important purposes of any insurance company is to be solvable. The technical reserve represents the main part of the obligations of an insurance company, thus the correct evaluation of this item is primordial. The premium reserve is one of the main parts of the technical reserve having the purpose to cover all the future liabilities for the policies in force. The objectives of this article is to analyse the definition and the formula for the premium reserve according to Solvency I, the actual solvency regime in the Republic of Moldova and define the contribution of the new Solvency II for the initial reserve; its evaluation methods and the standard formula. The impact of Solvency II will be very significant, radically changing the view on the insurance premium reserves of the insurers from a retrospective to a prospective one.

16

Authors: Svetlana BILOOCAIA

Financial integration has become one of the significant factors in the global economic system; it affects the structure of the financial system and significantly influences financial markets evolution in developed and developing countries, this particular process results in increasing the importance of accurately measuring the phases of integration in various segments of the market and in identifying areas where further initiatives are particularly needed. The article is based on modern methods of estimating the EU financial market and presents an analysis of the integration processes peculiarities of the Republic of Moldova on the European capital market, as well as a comparative analysis of the evolution of the integration of the national stock market and stock markets of several EU countries into the European financial market.

17

Authors: Ina DOMBROVSCHI

The main means of capitalizing the new technological solutions obtained through the scientific research effort consists in the production process and products’ modernization. The replacement of absolute technologies with those of high performance is a decisive factor for ensuring the economic development of the entities and increasing the financial results. In this article, the necessity of implementing innovative technologies and attracting investments in enhancing financial results were analysed and argued. In this context, the efficiency of applying the conservative technology of soil processing Mini- Till and No-Till, compared to the traditional one, and the assurance of the agricultural enterprises with native varieties of crops, resistant to drought, diseases and pests, have been studied. The comparative analysis of the results of the project “Transition to Performance Agriculture” implementation was carried out, regarding the rehabilitation of the irrigation system in the agricultural entities of the Central region.

21

Authors: Valentin POPA, Elena CARA

Today, there is a predominant strategy based on competitiveness and sustainability, which is shared by nations, international organizations and companies around the world. That is, there is a sharing, under-standing that today’s society is immersed in a complex process of globalization, growing unequally and, therefore, is facing a period of great challenges and opportunities that must be addressed, at least in part, by placing innovation and sustainability at the centre of the agenda, competitiveness not the only determining factor of the world economy. All forms of technological innovations, which can lead to sustainable development, such as: innovation processes, product innovations, organizational innovations, market innovations must be considered. Sus-tainable development can be supported by the innovation process at different levels: national, regional, and international, where it manifests itself separately.