Economica

9

Authors: Oleg STRATULAT

The financial sector of the economy of the Republic of Moldova, established as a result of building the market economy, has complained to many modern financial institutions, which triggered, on the one hand, the profound transformation of the legacy inherited from the state economy, and, on the other hand, the founding of new entities. Obviously, this process has resulted in a shortage of qualified personnel in the field of finance, which, along the way, thanks to the expansion of financial education, has been covered. However, even after three decades, there are deficiencies in the training of staff. One of the fundamental problems in the training and professional development of specialists in the field of currency and credit is the modelling of professional skills, issue that is investigated in this paper. The obtained results can serve as support for the argumentation of the recommendations on the modernization of financial education, the selection and adaptation of the content of the lecture units and non-auditorial teaching activities, but also of the professional training programs and the procedures for assessing professional competences to the contemporary requirements of functioning of financial institutions.

11

Authors: Saleh AWADA

Although the Soviet Union education system and its principles do not exist anymore, many parents and grandparents still regret that they cannot train their descendants in higher education institutions of a soviet-style and the labour market of both Moldova and Israel stimulate these aspirations. In this research, the author tries to find out current problems of Higher Education and suggest some solutions for solving them. The research is based on intensive study of literature, articles and scientific papers on the labour market in Israel and the Republic of Moldova, trying to compare the ratio between the educational supply of higher education and the demand of the labour market in both countries, to reveal problems and propose some possible solutions, based on international experience.

14

Authors: Angela BOGUS, Marina BAIESU

This paper aims to highlight the key role that corporate governance plays in increasing the efficiency and the economic growth of organizations, including the public institutions. The benefits and effects that Corporate Governance offers have led to the expansion of the practice in question, including in the public sector. Although the mission of the public sector is a social one, it differs significantly from that of the private sector – which is the economic one, however, a number of corporate governance traits are specific to both sectors, and the aim of each sector is to streamline management and improve the internal control system. The study highlights the reasons that have led to growing interest in corporate governance in the public sector, providing the possibility to identify optimal solutions to prevent negative practices of fraud and financial failure.

16

Authors: Igor TURCANU

The basic task of a modern tax institution is to develop relationships with the business environment by improving the tax environment. Equidistant, fair and equitable treatment will help increase taxpayers’ confidence in this institution. In order to accomplish this task, the state tax administration body must be in a permanent process of modernization and institutional change, implementing strategies at the level of development programs, voluntary compliance, prevention and combating tax evasion, adoption of digital solutions. The study carried out by the author has set out as a task to address the issue of institutional modernization by improving the fiscal environment, thereby contributing to increasing the confidence of the business environment towards this institution. The scientific approach started from the idea of reconciling the interests of the State Tax Service with those of the business environment, in order to maintain a constructive and mutually beneficial dialogue on tax administration.