CONTEMPORARY ECONOMY JOURNAL

14-19

Authors: Mihail Alin STANCIU

The economic-financial analysis is seen as a set of concepts, tools, methods, which facilitate the treatment of accounting information to assess the economic and financial situation of an entity and the level and quality of economic performance. The role of the economic analyst is to make some simple figures to "communicate" optimally to all categories interested in economic and financial information. The activity of any entity takes place in a dynamic and aggressive environment which emphasizes the need for the impact of economic and financial analysis on decisions, to be appropriate and balanced. Modern tools for reflecting information, including those of an economic nature, use computer systems to identify, extract and analyze available data to provide real support for business decisions. The information provided by these tools allows the observation of trends, difficulties, and business areas where there is a need to optimize the business. All these elements lead to a decentralization of decisions allowing employees to move from simple executors to decision makers. The main objective of the research of the economic-financial indicators in the construction field concerns the determination of the value of the construction works, as well as of the evolution tendencies, for the subsequent provision of the essential data about the activity of this field at the level of South Muntenia region.

29-34

Authors: Ionel LEONIDA

In the proposed paper we make an assessment of some features of fiscal policy in relation to the evolution of the economic cycle, which aims to capture the discretionary nature of fiscal policy and how it has contributed to stimulating or inhibiting the economy and the type of fiscal policy that has functioned during this period in the Romanian economy, from the perspective of the stabilizing function of the economic cycle. The indicators from which we start in the elaboration of the analysis are the budget deficit and the structural deficit, from which we will extract certain derived indicators. The methodology used to achieve the objective is qualitative in nature and aims to draw links between the stated aspects. The obtained results can be constituted in elements of qualitative evaluation of the fiscal policy from the perspective of its influence on the economic cycle.

40-48

Authors: Gica Gherghina CULIȚA

Several features of the digital economy underline the evolution of this new phase of industrial and innovation policies. As data become an essential input in every aspect of economic activity, many digital technologies have the potential to alter economies and redefine innovation, and they are thereby considered to be general-purpose technologies. In particular, digital technologies foster collaboration and help to form innovative ecosystems. Firms in the digital economy rely less on physical assets and more on intangible assets. This makes firms much more scalable (i.e. capable of expanding), allowing them to reach global markets, and some market players have come to hold dominant positions in the digital sector.

60-66

Authors: Ana-Maria NICOLAE (STAN), Gheorghița DUMITRACHE (TORCICĂ)

During the COVID-19 crisis, countries world wide tried to implement rapidly, some measures to reduce the risks posed by changes in education. Thus, the speed of reaction and implementation of responses to change became crucial, without neglecting the limits and risks of resource. In this context, all countries are exploring ways to reopen schools and, in parallel, are designing new models of education that extend the boundaries of physical schools through technology. Although a large number of challenges have been faced by students and teachers in the case of online teaching and learning, the good news is that online courses are undoubtedly a laudable initiative, in the sense that it reduces as much as possible, the loss of teaching activities. In order to develop this new education, teachers and students should be encouraged to see everything as a challenge, to invest in their own training, to overcome some inconveniences and to implement in a proper way only what facilitates teaching, learning and assessment in the current conditions.

77-87

Authors: Nicoleta MIHĂILĂ

The paper aims to highlight the main fiscal changes in companies due to globalization and the technological revolution (digitalization), as well as the influence on the environment in which companies operate, respectively the obstacles / barriers and fiscal facilities necessary to continue their activity in a favorable economic environment. In this sense, we took into account the evolution of the implicit tax rate at the level of the European Union, in the period 2006-2018 (we used this type of rate because it captures the best the tax changes in the analyzed period), the methodology used being a descriptive one, by appealing to various bibliographic sources, mainly from foreign specialty literature.

95-98

Authors: Elena TEODORESCU (MĂNESCU)

Quality and efficiency are two very important pillars of educational reforms around the world, which must be considered when building national management and quality assurance systems even at the level of the Romanian pre-university education system. Among the recommendations of this paper is a model of quality management in pre-university education, based on specialized reference, a model that must be measured permanently, being analyzed as a continuous process. The best way to ensure quality is systematic, ongoing attention to improving it and including quality in an organized quality assurance system. Quality and performance evaluation must be analyzed in parallel with the implementation of evaluation methods, to increase institutional autonomy, but also highlighting responsibilities. The introduction of systematic evaluation, with the main reason for better use of resources, makes the objectives set in the strategic management policy be achieved effectively.

110-117

Authors: Nicoleta PAVEL

The analysis of equity information submitted by entities in the annual financial statements allows information users to assess the objectives and policies adopted by entities on capital management. Equity information is presented in the Statement of Financial Position, the Statement of Change in Equity and the notes accompanying the financial statements. While matters relating to the recognition, valuation and presentation of assets and liabilities in annual financial statements are subject to specific accounting standards, equity issues are not subject to a specific standard, which are dealt with in the General Conceptual Framework and in some accounting standards. The General Conceptual Framework defined the concept of capital and the maintenance of financial capital, and in IAS 32"Financial instruments: presentation", IAS 29"Financial reporting in hyperinflationary economies", IAS 1"Presentation of financial statements" and other standards are prescribed criteria for the recognition, valuation and presentation of equity items. Some equity items such as equity and repurchased reserves, own shares are subject to national legal regulations. Information on the existence of reserves recognised under the legal provisions or restrictions on the distribution of equity items to owners is of interest to users. After Romania's accession to the EU, there was an extensive process of modernisation of legislation covering both company law and accounting rules in terms of eliminating any legal provisions that would have limited the functioning of companies in a competitive environment. Entities whose securities are traded on a regulated market and some entities with full or majority state capital apply the International Financial Reporting Standards as an accounting basis. With some exceptions, the transition of these entities to International Financial Reporting Standards has not significantly affected the total equity highlighted under accounting rules in line with European directives. The main changes in the equity structure were determined by the adjustment to inflation according to IAS 29"Financial reporting in hyperinflationary economies" and adjustments made as a result of the first application of the International Financial Reporting Standards. The interpretation of the equity information presented in the financial statements should be carried out in the context of the provisions of the relevant accounting standards and national legislation.

130-141

Authors: Lucian IVAN, Cosmin Sandu BĂDELE

Cryptocurrencies or virtual currencies have become a global phenomenon in recent years, where data and information about these types of assets and/or financial transactions have taken the form of news on web pages and/or media channels in recent times. Cryptocurrency is a type of financial asset, intangible as opposed to real currencies or real assets (real estate/securities, art, jewellery, etc.), which takes the form of a digital/virtual currency, using cryptography to achieve transaction security. This type of currency is difficult to counterfeit/counterfeit, as most cryptocurrencies are represented by decentralized systems, based on block technology, the presence of a distributed register, imposed by a different network of computers. In recent times, cryptocurrencies have seen spectacular price increases, with their value increasing exponentially on the free market. This is due both to the crisis generated by the global COVID-19 pandemic, against the backdrop of investor distrust of "classic" investment and savings instruments, and against the background of an aggressive global press campaign that has fervently promoted this type of financial assets. Although it is possible that in the coming period, as a result of the saturates of the cryptocurrency market, their value will decrease in terms of how they are made the currency of the future, given the anonymisation of the investor and the easy way of exclusively online trading of virtual currencies specific to the Millennium generation. In recent times, cryptocurrencies have become a successful investment tool, which can continue in the short to medium term, but the investment risk is quite high, being a relatively volatile savings tool. There are prerequisites for the use of virtual currencies as a means of payment for the future, given that "classic" online means (e.g. bank cards) lose in terms of additional costs (e.g. fees charged by banks).

11-18

Authors: Leliana Diana BOLCU, Andreea-Cristina SAVU

If in the past digitization was only an option, nowadays it has become a necessity due to the speed of evolution and date changes that have taken place in this field. A new challenge in the financial services sector can be seen by implementing in Romania the international standard for the electronic exchange of accounting data between companies /organizations and tax authorities, SAF-T (Standard Audit File for Tax). The need to adopt this standard appears in a globalized environment with different accounting systems, standardization being essential for the identification of tax fraud. SAF-T was introduced by the OECD, which is seen as automatically generating files in a common, readable and easily exportable format, regardless of the software used according to a defined set of accounting records. SAF-T has already been implemented by several European tax authorities and will be implemented in our country in July 2021 according to the press release of 31.12.2020 sent by ANAF. The objective of the paper is to present the SAF_T standard, the evolution of its implementation in the Member States, the stages of SAF-T implementation in Romania as well as the advantages and implications of its adoption and the necessary conditions to be met.

26-31

Authors: Florin - Cristian GHEORGHE

A premise of the normalization accounting, the globalization is characterized by the interaction of financial, material and human resources at international level. It develops and diversifies the transactions produced by economic entities, which influences the opportunity of processing and communication of information. A normalization of the synthesis situation (financial reporting) concerning the comprehensive income which would replace or complete the traditional format of the income statement has become a permanent joint project initiated by IASB and FASB to achieve convergence between the standards of IFRS and USA GAAP.

39-48

Authors: Elena ENACHE, Sorin ENACHE, Cristian MOROZAN

Although people are used to using money in physical form or through accounts, since 2009 a surprising and skeptical currency variant has emerged, called virtual currency, digital currency or cryptocurrency. In other words, with the advent of the virtual currency called bitcoin, the financial world has changed. The change is accepted in the real world, the proof being that after bitcoin many other currencies of this kind have appeared and appear constantly, many people look at them with confidence, invest in them and accept them as a means of payment. However, their existence is not yet regulated, and it is known that the currency is currently defined as a means of payment issued and guaranteed by a sovereign State or by the European Union through national banks or through the European Central Bank. For cryptocurrency no one guarantees! For now! More and more investors are wondering what cryptocurrencies are, how they can buy bitcoin, ethereum and others, what is the best time to buy them, where to learn about them, about ICOs, electronic wallets (wallet) and how they can turn virtual currencies into real money.

59-65

Authors: Anna RADINA

Modern business evolves under the powerful influence of information technologies, which in the most developed organizations are embedded in almost every business process. The functions of marketing, financial management, resource management, communication with suppliers and customers along the entire added value chain are to some extent supported by the Internet and by related software. Due to the development of technologies, new business models and even whole industries have been formed recently, created by the opportunities provided by e-business. Given the significant number of both positive and risk factors which this phenomenon brings to the world economy, it is extremely important to understand the essence of it. Currently, achievements in the study of e-business and its functioning are mostly practical, and research takes place primarily in the business environment. There are no economic theories at the moment which consider its genesis and activity, so the analysis of the theoretical and methodological basis of this concept is of particular priority. The aim of this article is to identify the essence of the e-business concept, its place in the economic system, as well as to determine the extent to which its processes could be integrated into the existing economic theoretical basis.

75-84

Authors: Nicoleta PAVEL, Geanina Iulia BOȚOTEANU (RĂDĂCINĂ)

The objective of the annual financial statements is to provide a true and fair view of the financial position, financial performance and other information relating to the business of the entities or groups of entities, in accordance with applicable accounting regulations. The transition to the application of IFRS as an accounting basis by entities whose securities are traded on a regulated market has been a major challenge both for the professionals involved in the preparation and audit of the annual financial statements and for the authorities. The application of IFRS by some companies that carry out monopoly activities, which manage assets belonging to state authorities, requires professional judgment and appropriate measures to identify any risks that may arise from non-correlation of the provisions of legislation and IFRS. Given the existence of excessive and sometimes outdated legislation, the presentation of a true image in relation to IFRS and compliance with the applicable legal framework is a challenge for practitioners in companies, for statutory auditors but also for authorities that need to assess how to manage state capital and tax reported profits. The transition to the application of IFRS as an accounting basis in Romania by entities whose securities are traded on a regulated market was made without a prior analysis of the comparability between the provisions contained in legislation (including tax) and the provisions of International Financial Reporting Standards. There are a variety of economic and financial operations that are carried out by entities and various forms of their legal organization, so that they cannot be fully identified and legally regulated. The analysis of the information in the annual financial statements published by the companies can contribute to the understanding of the information by various users, including the representatives of the state authorities.

95-120

Authors: Galina SAVELIEVA, Svetlana ZAHAROV

The transition to market economy and the prevalence of private property have contributed to the development of new labour relations. The coexistence of different forms of employment has conditioned the research of the determinants of formal and informal employment and their impact on the economy. In different countries, standard and atypical employment exists as a result of its own scenario depending on the socio-economic development model, the law framework, involvement in globalization processes, the dependence of the economy on foreign markets, etc. In the Republic of Moldova, which is not an exclusion, two opposite forms of occupation have been developed - formal and informal. Formal employment is based on labour legislation, respect for rights, social and human guarantees, stable socio-economic development, but informal leads to violation and non-compliance with labour rights, social protection for hiring workers, insufficiency and a deficit of budget income, which does not promote all measures for the country’s development. Based on the logistical analysis of the impact of social and demographic factors on the development of informal employment, its consequences on the financial stability of the social insurance budget, financial losses due to non-payment of social insurance contributions were highlighted. Some conclusions and proposals to improve the situation in labour market, transforming informal to formal employment, increasing the financial stability of the social protection system were elaborated.

129-139

Authors: Silviu-Marius ŞEITAN

Under the current conditions of conducting international economic relations, there is a risk of failing to accomplish the monetary policy objectives due to reasons pertaining to the mechanisms that convey shocks cross-border. The conceptual review of object definition, under such conditions, leads to the necessity of attaching to them these risks of unfulfillment; this requires an additional chapter of macroeconomic policy design, chapter that identifies the possible risks emerging from the integrated cross-border regime of the European economies, as well as the possible solutions to absorb such shocks. This implicitly presumes the quantification of the whole phenomenon or risk emergence and of its possible effects, with the view to determine the effort necessary to be undertaken in order to absorb the associated shock.

149-163

Authors: Viorica DINDĂREANU (IUGA)

The objective of managers to efficiently manage the activity and to improve the performance of public interest entities has led to the emergence and use of budgets. These are considered useful managerial tools in carrying out the activity, allowing the efficient allocation of limited resources, activity planning and coordination, communication of objectives, control of activities and motivation of subordinates.

172-179

Authors: Corina GRIBINCEA

At present, Moldovan food industry faces a variety of challenges related to accessing the European Union market. While food industry go increasingly circular, more investment and more effective governance are needed to upscale promising innovations. Competitiveness on the home market and the export market needs to be strengthened. In a slowly developing circular economy, Moldovan food industry must improve operations and reduce costs while maintaining product safety and minimize produced waste. Moreover, the trends in the global food market are constantly changing. Studying the experience of German food industry will be helpful in this respect. Moldovan food industry must be able to anticipate and adapt to change in order to stay competitive. The analysis presented in this article highlights main challenges that face Moldovan food industry related to accessing the European Union market regarding productivity, consumer preferences and demand, food safety, government regulations.

14-21

Authors: Florin-Constantin DIMA

The development of this article started from the need to suitably determine the result of the exercise of the economic entities in our country. The result of the exercise is one of the most important indicators when analyzing an entity that carries out economic activities. In our country, taxation prevails over accounting and, for this reason, it is very important to be able to make a correct interpretation of the result of the activity. In the following we will follow the way in which the expenses and incomes are grouped from the fiscal point of view and how they are taken into account when determining the fiscal result. We will also analyze, in addition to expenses and income, the other elements taken into account in determining the tax result such as: items similar to income, items similar to expenses, tax deductions, and tax loss. For a more complete analysis, we will also treat the deductions from the profit tax due.

32-38

Authors: Olga TIMOFEI

From the perspective of increasing the world's population, the pressures on the environment and most natural resources that serve as raw materials (fuels, minerals and metals), food, sun, water and biomass are increasing. Given that natural resources are indispensable for the functioning of the economy and contribute significantly to the quality of our lives, it would be appropriate to reduce our consumption of materials from the design stage of products. In this context, the circular economy, which aims in particular at a goal of zero waste and the rehabilitation of all problems, is a solution. The development of this type of economy is already a clear political will in several countries. It is also possible to make the least use of non-renewable resources by opting for the use of renewable resources, depending on their renewal rate and the disposal of waste through recycling, repair and reuse. In this paper we aim to present the limits of the linear economy and the concept of circular economy, in the context of the situation of the circular economy in the world.

56-60

Authors: Isabela STANCEA

The decentralization regime is based on the legal recognition of local authorities organized in administrative units at the territorial level. These communities are provided with their own material and financial means that they can use to solve local problems. Decentralization appears to be the opposite of centralization, a regime in which local problems are solved by authorities freely chosen by the electorate. The status of local authorities derives from the law. They cannot make changes, but must be subject to any changes made by the state. The component collectivities are not associated with the exercise of central power, they have autonomy only of an administrative nature. The state controls the legality of the actions of local authorities and not their membership.

67-76

Authors: Georgiana - Janina SOARE

Implementation and development of the relationship internal managerial control - internal audit is not only a legislative issue, but rather a problem of changing the mentality that aims over time and change the organizational culture. For these reasons, the implementation and development of the internal managerial control system in correlation with the internal audit has produced and will produce a series of fundamental changes in the organization and functioning of public interest entities, which contribute to: increasing managerial responsibilities; understanding the philosophy of risk management; inherent risk management and awareness of the introduction of specific internal management control techniques and tools.

83-91

Authors: Victoria IORDACHI, Pavel CALPAJIU

The economic security of the state is constantly affected by the phenomenon of the unobserved economy. The international community has developed international conventions and standards to combat the unobserved economy and the movement of illicit financial flows. However, insufficient law enforcement, inadequate compliance and high-risk countries can both have detrimental consequences, affecting the effectiveness of the whole prevention framework. The public institutions involved in reducing this phenomenon correlate its decisions with the economic-financial information accumulated, stored and managed in accordance with its statutory purposes. This requires the authorities to assess the role of the quality of information managed in its decision-making process. The purpose of the article is to identify the role of information quality accumulated by public institutions in the process of reducing the unobserved economy in the Republic of Moldova. As a result of the research, some gaps were found in the process of organizing the information management activity and some recommendations were developed.

99-107

Authors: Andra MODREANU

Social entrepreneurship may lead to sustainable economic growth through establishing the wellbeing of the society. Derived from the traditional entrepreneurship, social entrepreneurship is described as a responsible way of doing business. The concept involves the use of all available resources, capitalized in an economic entity with the aim of facilitating the production of a beneficial change in the society by solving pressuring social problems. Thus, social entrepreneurship marks the transition from the fundamental goal of increasing profits to that of community welfare and sustainable development of the economy. The paper aims to present a conceptual framework that can be used to define social entrepreneurship. The research methodology was based on the collection and analysis of secondary data, respectively scientific articles, and relevant books for the subject. The results of the study show that the interest for the social entrepreneurship concept has increased significantly in the past decades among researchers. Also, they outline the idea of ​​what social entrepreneurship is and how it is implemented.

116-121

Authors: Loredana Maria PĂUNESCU

Considering that the proposed model is based on the knowledge of external stimuli, which can be key factors in the design of a message and which can thus influence the consumers' decision regarding the choice of a product, determining the sociological variables that can contribute to the modification in favorable sense of the buying behavior of consumers was conducted an exploratory research at the level of consumers of consumer products in Prahova County.

133-137

Authors: Nicoleta PAVEL

IFRS 16 “Leases” is the result of the joint effort of the International Accounting Standards Board (IASB) by the US National Standards Standardizer, the Financial Accounting Standards Board (FASB), to improve financial reporting on leasing activities. The two accounting standards normators found that the reported information on operating leases was not transparent and the existence of different accounting models for operational and financial leases reduced comparability for users of financial statements. In addition, the different accounting of financial leasing from operational leasing ‘provides opportunities to structure transactions to obtain a certain accounting result’ (Basis for conclusions in IFRS 16, BC 3). In these circumstances, IAS 17 ‘Leasing’ has been replaced by IFRS 16 ‘Leases’ and applies from financial year 2019. IFRS 16 “Leases” makes significant changes to the accounting for the lessee's leases and the information to be disclosed in the notes to the financial statements. To facilitate its understanding and application, IFRS 16 “Leases” is accompanied by application guidance and illustrative examples. The Ministry of Finance also created the legal framework for the uniform application of the standard by introducing specific accounting accounts in the General Accounts Plan annex to the Accounting Regulations în accordance with International Financial Reporting Standards, approved by Order of the Minister of Public Finance no. 2844/2016, with subsequent amendments and completions. Leasing accounting has been and remains a sensitive area in which professional accountants must exercise their professional judgment in order to assure users of information that the presentation of the items in the Statement of Financial Position / Balance Sheet and the profit and loss account has been made taking into account the fund economic nature of the transaction or commitment in question and not only the legal form of the lease. In the following, we intend to highlight how the application of the provisions of IFRS 16 “Leases” affects the Statement of Financial Position and the profit and loss account for entities that have the quality of lessee in a leasing contract.

146-152

Authors: Elena TEODORESCU (MĂNESCU)

The study on the perception of quality at the level of pre-university lower secondary education institutions highlights the importance of establishing the essential elements in improving quality management in school organizations. The quantitative research was conducted on a sample of 100 teachers from secondary school units, both in rural and urban areas, in Dâmbovița County. The research combined both the face-to-face interview technique and the internet survey, using the questionnaire as a research tool. The obtained results highlight the aspects related to the present initiatives and the acquisitions previously acquired by the school organizations in the field of quality management, to obtain performance, through the vision of the teaching staff.

166-178

Authors: Laura-Filofteia PĂNOIU, Sorin Daniel MANOLE

Countries’ economic growth cannot be achieved without investment. A country can make investment in accordance with the level of public financial resources and also with the prioritization of social needs which means that, during certain periods of time, there are not enough funds, and other resources are resorted to. Thus, foreign direct investment is a way of generating development as it is an important feature of the world economy as a result of globalization. In the current pandemic context which has affected all sectors ranging from education to agriculture, from health to industry, from culture to services, it was certain that the level of foreign direct investment would also be affected. The current study, which is based on the critical analysis of specialist literature and reports of specialist institutions, aims at identifying the impact of the health crisis on foreign direct investment both worldwide and in Romania.

13-25

Authors: Aderemi Olalere ADEBAYO

This study investigates the factors influencing internet financial reporting among nonfinancial listed firms in Nigeria, considering factors such as firm size, profitability, and auditor reputation. The study population consists of one hundred and twelve (112) non-financial listed firms of which purposive sampling technique was used to select fifty (50) firms having adequate information needed for the study in their annual report from 2012 – 2018. The study utilised multiple regression analysis to investigate the influence of firm size, profitability, and auditor reputation on internet financial reporting. It was found that firm size positively influences internet financial reporting, while profitability and auditor reputation have a positively significant influence on internet financial reporting. Therefore, the study recommends that policymakers endeavour to ensure that the listed firms provide their financial report for easy access to users on the websites.

35-44

Authors: Alona BEKH

Due to the growth of advertising business of search engines, aggregators, and social media, many publishers suffer the impact of declining advertising revenues, which most news media have historically relied on. Under such circumstances, the paid subscription model provides a worthy alternative to digital advertising. In the present research, the focus is made on the PEST analysis of paid digital media subscription model in European countries. A correlation and regression analysis are conducted to find out factors (independent variables) that have the most significant effect on the percentage paying for online news (dependent variable) in 23 European countries. As a result of research, the following most essential PEST factors are highlighted: mean broadband download speed, level of internet access in households, median household income, and control of corruption. As for recommendations, it is concluded that publishers should pay more attention to the indicated PEST factors in each European country to ensure their competitiveness. The further research on factors influencing the percentage paying for online news worldwide may boost the successful adoption of best revenue practices by digital media companies and ensure their competitiveness in terms of global digital leadership of top technology companies.

57-72

Authors: Marius GUST

In recent years, financial innovation has accelerated greatly, new financial services have radically changed the banking environment. The main factors contributing to the dynamism of fintech are the development of IT and mobile communications infrastructure, pioneering financial services offered by new technology companies and the design of new financial services based on consumer needs. The fintech areas are: credit, deposits and capital raising services; payment, clearing and settlement services, including alternative currencies; financial investment and insurance services. However, in the near future many of the new financial services will not pose too much of a problem for banks. For example, P2P loans will reduce the market share of banks, but in no case will they eliminate bank loans because, on the one hand, the clientele that will go to the market for P2P loans will be the risky one, unapproved by banks. and on the other hand, because credit institutions still have the majority of resources and the majority of customers. Another example is payments, which continue to be carried out mainly by banks because alternative systems do not yet have a global infrastructure, and the completion of payments presupposes the existence of the legal tender issued only by central banks.

86-96

Authors: Magdalena DANESCU

The improvement of the economic performances at the level of an economic entity supposes in fact a decrease of the degree of occupation of the human resources, implicitly of the volume of activity, hence, the need to recover the hourly volume. Basically, we are dealing with a reduction of malfunctions and a conversion of hidden costs into added value. Good cost management with human resources can be achieved through strategic piloting with the help of the dashboard. The use of this management tool helps to highlight the inevitable dysfunctions as the difference between the strategic objectives set by the economic entities and the actual achievements related to the period.

106-111

Authors: Mihail Alin STANCIU

Globalization and current economic changes bring new challenges for companies, industries and countries. The popularity of the concepts of performance and sustainable development is highlighted by the high national interest in these issues, similar to the policies through which the government aims to increase the performance of the national industry. The present paper aims to answer some questions regarding the analysis of company-level performance and the promotion of sustainable development. By linking the concepts of economic performance, global performance and sustainable development, a conceptual framework can be constructed to analyze the different approaches to performance. The analysis of ways to achieve sustainable development can be done from the perspective of performance. The competitive advantage of companies is based on their ability to achieve performances and to translate them into the level of sustainable development. The results of this article contribute to a better understanding of the correlation between performance and sustainable development at the level of the respective entities of the economy. The perception of business performance by all the categories involved undergoes a major change in the current period, the sustainable development already becoming a condition of survival.

122-128

Authors: Anda Ileana NECULA, Isabela STANCU (LITA), Gabriel CUCUI, Anca Daniela ŞENCHEA (FLOREA)

Romania owns an important granary area especially located, but not limited to the Danube meadow, in the Southern and South Eastern part of the country, which tends to be increasingly affected by the draught, in the larger context of climate changes. In addition, an important share of the Romanian population continues to live and work in rural areas, having the agriculture as the main occupation. In order to increase their performance and profitability, these agricultural exploitations need informational, logistical and technological investments, amid their adaption to the requirements of the European agricultural market, featured by market-oriented agricultural production structures. From the accounting point of view, choosing of the adequate method for the depreciation of the assets represent a topical point. This paper aims to review the depreciation methods used in order to ensure, via the costing mechanism, the recovery of the investments in the assets used in agriculture, and ensuring of the economic extension. The conclusions try to outline the strengths and the flaw points of every examined method, considering their adequacy for the agriculture domain.

134-139

Authors: Cristina STROE, Diana MOISEVICI-SERB

This is a topical theme that aims to objectively capture education in the online environment, taking into account the context in which we are (the pandemic and the existing restrictions). It was assumed that pupils’ school performance is weaker during the pandemic period than in previous years, and the main cause is the online conduct of the educational process. For this purpose it was used as a research method - the observation sheet structured on several themes. The most important conclusions drawn from the theoretical and practical part of the article illustrate that there is a link between the school performance of the pupils and the way the classes are conducted (online or traditional).

146-151

Authors: Loredana Maria PĂUNESCU

In the analysis we made turned its attention to analyzing the relationship comparative analysis model for recent years. In the analysis, a correlation model was developed between companies that supply consumer products and sales in different periods, under different conditions, including the current one, which is quite sensitive and difficult for us. Due to technological advancement, the business environment has radically transformed the lives of both organizations and customers. Each business must have a web page containing the activity object, the products and services offered. The purpose of the website is to cause potential customers to access it, determine its content and not least to purchase a product or service. Promotion is the techniques used by an enterprise to make its products / services known to current or potential consumers. The main role of promotion is to successfully develop the organization and make a profit.

159-172

Authors: Tatiana GUTIUM

The main trading partners of the Republic of Moldova are Romania (member state of the European Union), the Russian Federation (member state of the Eurasian Economic Union) and Ukraine. The trade policies promoted by these states have particular characteristics, some of them have positive effects on national economy, but another negative effects. The object of research is the trade commercial policy. The main purpose of the study is the elaboration of recommendations for streamlining commercial policy of the Republic of Moldova based on experiences of the main trading partners. In order to achieve this aim, the following research methods were used: the method of ascending from the abstract to the concrete, comparative analysis, systemic approach. Economic growth, competitiveness and foreign trade are interdependent. Therefore, the relationship between trade policy and theories related to competitiveness was analysed for explain the theoretical aspect of the research object. According to the results of the analysis of trading partners’ practices was developed recommendations for improving the commercial policy of the Republic of Moldova.