CONTEMPORARY ECONOMY JOURNAL

6-21

Authors: Galina SAVELIEVA, Svetlana ZAHAROV

Structural reforms, modifications in economic and social infrastructure following the promotion of market mechanisms, demographic factors (population’ decline, structural modification and ageing, migration) have affected the development of the regions in different modes. Some regions have managed to rebuild successfully and their economic growth is noticeable, others are still in a state of economic stagnation. All this has contributed to regional inequality, the attenuation of which requires the solution of socio-economic problems and channelling additional financial sources. Taking into account that employment is an important factor in ensuring stable socio-economic development, the analysis of the possibilities of the population to be employed and the risk of unemployment, income levels, identifying the factors that contribute to labour migration was carried out. Based on the results of the research, several proposals have been elaborated to perfect socio-economic and employment policies, including ensuring equal development of regions, increasing the employment level of working age population, including also of migrants returning to the country, improving the system of labour remuneration, which will contribute to attenuation regional differentiation and convergence in the future.

28-37

Authors: Alina Georgeta AILINCĂ

COVID-19 has posed many problems to the world's economies beyond its dramatic medical effects. The beginning of 2022, under the auspices of the war in Ukraine, brings and will continue to bring additional challenges for the world's economies and especially for European economies. In this context, marked by high fears and uncertainties, worldwide, fiscal policy strives to control expanding public debt but also the level of taxes and duties, boost revenue and control spending. Therefore, this article highlights the study of some basic fiscal indicators at European Union level for the period 2000-2021. The indicators followed are overall balance, primary balance, cyclically adjusted primary balance, automatic stabilizers, fiscal stance, fiscal impulse and fiscal multiplier (more exactly impact multiplier of expenses). The results show that there are many fiscal and budgetary issues to be addressed by expansionary or contractionary European Union policy measures, and that the pandemic crisis and the war crisis could make matters worse in the future.

45-51

Authors: Delia TESELIOS, Mihaela SAVU

In a competitive society, such as today’s, in which information and communication technology, which is constantly evolving, plays a particularly important role in all aspects of modern society, large and small firms have noticed the potential that e-commerce has it in increasing profits and reducing costs. The Covid-19 pandemic, the restrictions imposed, the social distance, have changed the habits and preferences of shoppers, who are more oriented than ever towards online shopping. This paper aims to present a number of aspects of the business-to-consumer sector, in which transactions take place between companies and private consumers.

60-69

Authors: Marius GUST

Forecasts, but also official statistics indicate for Romania large and very large increases in gross domestic product. Thus, values of 7% for 2021 are mentioned, and if the increases from the third quarter of 2021 to the previous quarter of the previous year are reported, the values exceed 13%. The question therefore arises as to whether or not these increases are reflected in the income and consumption of the population. Also, if GDP growth is not found in the incomes of the population where they appear and who are the beneficiaries of these increases. Consequently, this Communication seeks to answer the question of how much of this growth is reflected in the living standards of the population. The Communication also aims to answer the question of why these increases are bypassing the general public and whether this view is merely an illusion.

78-95

Authors: Otilia MANTA

On 11 February 2021, the Council of the European Union adopted the Regulation establishing the Recovery and Resilience Mechanism. The funds will support Member States in coping with the economic and social impact of the COVID-19 pandemic, while ensuring that their economies make the green and digital transition, becoming more sustainable and resilient. As a general rule, EU countries have until 30 April 2021 to submit their national recovery and resilience plans in which they set out their reform and investment agenda by 2026. In our paper, we aim to present two of the support programs in the post-pandemic recovery and resilience process and with a direct impact on the economies of the Member States. Moreover, given that current financial commitments have a direct impact on future generations, we also highlight the green bond process, a financing instrument with an impact until 2058.

104-120

Authors: Maria STANCU (CATANA)

Internal audit is of major importance within an entity at operational level in terms of testing compliance with its corporate governance policies and rules, risk management processes and control systems. Internal audit, corporate governance and risk management contribute to increasing the performance of an entity by contributing to achieving the objectives pursued, creating added value and limiting risks The efficiency of internal audit work leads to a higher probability in identifying and reporting financial distortions and correcting them, helping to improve the risk management of identifying and reporting distortions in the entity, which leads us to the idea that it can contribute to better performance. The role of the internal audit function has expanded and continues to extend beyond the traditional responsibilities of the compliance area, moving its centre of gravity towards a strategic direction within the entity, being increasingly considered a strategic function of the entity.

130-137

Authors: Corneliu-George IACOB, Emilia IORDACHE

The Comprehensive Strategy for the European Union's Foreign and Security Policy, adopted in 2016, states that the European Union will engage in a principled and practical way in peace-building and promote human security through an integrated approach. It is essential that all policies at the disposal of the European Union are used coherently to implement the 'comprehensive approach to conflicts and crises', but the meaning and scope of the 'comprehensive approach' will be further expanded. The European Union will act at all stages of the conflict cycle, acting promptly in the prevention phase, reacting responsibly and decisively to crises, investing in stabilisation and avoiding premature disengagement when a new crisis erupts. Sustainable peace can only be achieved through comprehensive agreements anchored in broad, deep and lasting regional and international partnerships, which the European Union will promote and support.

148-153

Authors: Silvia MINCIUNA (GRIGORE), Mihai MIEILĂ

Since the beginning of the pandemic, Romania, compared to other states, has tried to organize and protect the country's population as well as possible, this COVID-19 virus having a major impact on society. The central authority set up the National Committee for Emergency Situations, which monitored the situation of coronavirus-infected patients and the impact on the population. At the same time, it provided measures for the organization and coordination of the health system throughout the country. Especially in the international pandemic situation, the current situation was analyzed at the national level and the citizens were informed about the restrictions imposed in this situation, as well as the respect of the fundamental human freedoms. However, compared to these priorities of the central authorities to control the pandemic situation and not to spread as in other countries, namely China and Italy, in our country there was also false information or misinformation of the population that created panic and distrust in authority. In the current conditions, the challenges of the pandemic situation in some cases have been approached differently, especially in the field of media which through the information addressed to the citizens led to misinformation of the population regarding the respect of democratic rights and freedoms of Romanian citizens. the health of the population at the level of the whole society.