Eastern European Journal for Regional Studies

10

Authors: Liudmila LAPIȚKAIA

The development of the audit services market is an indicator of the development of the economy of any country. Since, on the one hand, audit firms as economic agents conduct their business and various changes in such an environment appropriately affect the financial performance of such firms. On the other hand, audit firms express their opinion on the financial statements of various audited enterprises and the types of such opinions can reveal a picture of the state and disclosure of financial information of enterprises. It should be noted that in the Republic of Moldova, the audit market has both common features related to the world market of audit services, and there are national peculiarities. Conducting a study of the audit services market, the author analyzed various indicators of audit firms of the Republic of Moldova, both financial and non-financial, as a result of which conclusions were drawn about the peculiarities of the development of the audit services market in the Republic of Moldovaаnd the prospects for the development of this market in the future.

12

Authors: ARAVAMUDHAN Varadaraj, SAI MOHANRAJ Prasanna, SENGODAN Ananth

The unexpected COVID-19 outbreak has threatened the world and derailed the socio-economic lives of people. In this context, this study is aimed to discuss the implications of COVID-19 in textiles sector in India along with major issues and challenges on demand and supply sides. This study determines the impact of crisis which affected demand and supply in textiles and fashion industry. COVID-19 has several implications for this industry, be it from demand or production. Its presence is observed in different aspects of the industry. This study uses secondary data collected from various sources like studies published in peer-reviewed journals. This study focuses on the need to think differently to deal with this unexpected crisis. Relaxation of tax compliance rules and deadlines, especially for small-scale segments is one of the potential solutions, so that the conditions of customer demand are not affected directly. In addition, more comprehensive financial relief package could be announced for textiles sector, considering the export- and labor-intensive processes to stem the adverse effects of pandemic. Rebates on exporters could be the next major step against the remission of taxes or duties on exports. This study was conducted during the COVID-19 crisis. More studies would be needed in post COVID era to generalize the findings. The combative measures and actual impact may be evolutionary and dynamic. The analysis focuses on the “out of the box” thinking to deal with unexpected crisis, but it may have different aspects to be discussed as the crisis unfolds. There is a lack of significant research on the impact of COVID-19 on textile industry in India. This study could be the stepping stone for researchers to study the impact on textiles sector and help policymakers to prepare for unexpected crises in future.

14

Authors: Igor SOROCEANU

People are different in their way of being. Some differ according to their origin, race, spoken language, nationality, and other criteria, and others differ according to their ambitions, that is, according to their wishes and visions of the future. Some wishes or visions of the future can be obtained in a short way, but others are more difficult to obtain. Thus, in order to achieve their visions and goals, some people resort to military attacks, which turn into a battlefield. These struggles are carried out in serious violation of all the values of human society. A regrettable part of these fights is the participation of mercenaries in these illegal activities. Therefore, in the present scientific approach, we propose to analyze the participation role of mercenaries on the battlefield.

18

Authors: Adil MSADY, Mohsine AIT CHEIKH, Adam CHATI, Zakaria EZ-ZARZARI

In recent years, we have been witnessing a succession of economic, financial and health crises on a global scale, the most recent being the 2020 COVID-19 health crisis. Monetary and macroprudential stability policies have been implemented in order to address the harmful effects of these crises on both capital markets and the real economy. In addition, central banks have innovated and mobilized the arsenal of instruments at their disposal for the implementation of new “so-called unconventional” monetary policies in order to influence the economic and financial behavior of private agents and strengthen resilience of SMEs. The aim of the paper is to study the efficiency of traditional monetary measures and emphasize the role of innovative tools in driving the economic growth. various “unconventional” monetary policy measures put in place by the monetary authorities to stimulate economic growth, absorb health and financial shocks and strengthen the resilience of SMEs are analyzed.

20

Authors: Mariana RADOV

The article highlights the importance of business and management consulting field and its current trends, especially in the context of pandemic and worldwide changes. The author highlights the role of consulting in accelerating best practices in collaboration, flexibility, inclusion, and accountability to its clients in order to create a better future for all, and also includes a statistical analysis of the development of consulting on a global and European scale, outlining the most important indicators according to the nature of the services rendered, the locations of the clients, and the types of client’s industries. The author argues that the trends show that consulting is becoming an increasingly important component of the business environment, and that the emergence of new economic sectors and professions will condition the need to develop new capacities and apply new managerial knowledge and tools, which will stimulate the growth of both consulting and related fields. The article provides data on the development of the consulting in the Republic of Moldova, including the difficulties faced by the companies. Author believes there is "room for growth" in the national consulting despite the fact that it is a young market marked by the challenges facing society and influenced by the small size of the national economy. The author believes that the future of it will be profoundly influenced by remote work and digitization, service export, collaboration, and improved quality.

13

Authors: Irina DOROGAIA

The modern world is full of unpredictability and risks. Until recently, change management models could develop an approach that is adequate for business for several years ahead without the need for significant changes later. Today, such an approach is practically impossible, given the dynamism and complexity of the external environment. Today's environment is often characterized by one concept - digitalization. In this article, we will try to characterize the features of the modern business environment and outline trends in the development of change management in uncertain and unpredictable operating conditions, will define the problems that stand in the way of transformation, as well as clarify the factors that should contribute to the successful functioning of modern organizations. The research methods used in writing the work were: the method of analysis, synthesis of scientific literature, analysis of statistical data, as well as a study conducted by the author on a number of Moldovan enterprises in order to determine the prospects for the development of change management in the Republic of Moldova.

14

Authors: Monica-Laura ZLATI (SORICI), Svetlana MIHAILA, Veronica GROSU

Under conditions of uncertainty, the financial performance of a state (which is the attribute of the state's assurance of welfare through the contribution of economic activity to the financial-budgetary vectors) changes in relation to the influences of uncertainty factors and the response of the entropy of the system to the social protection measures adopted by the authorities in response to the crisis. Thus, in the opinion of the authors, the financial performance can be quantified according to the capacity of the resources to satisfy the financial needs, in an equitable measure, based on the allowed access, in the presence of protection against financial risk and through the sustainable consumption of resources. We propose to develop a model for assessing financial performance under uncertainty based on the consumption vector represented by the average monthly cost felt by the employer. The methods used are prospective (literature study) and analytical (consolidation of a Romania-Moldova parallel database for relevant macroeconomic indicators: active population, Total state companies' revenues of, Number of state companies, Number of employees, Total national income). The results of the study materialize in the assessment of economic development patterns influencing financial performance by creating parallel correlations with effect in delineating the influences of endogenous and exogenous factors on the financial performance of the two countries.

17

Authors: Olesea PLOTNIC, Lucia POPESCU

The topicality of the subject is determined by the devastating economic effects of the events of the last two years that have affected the economy of the whole world, namely the pandemic with Covid 19 and most recently, the war in Ukraine. These effects are equally disruptive for intellectual property contracts when it is impossible to perform the obligation for the length of time the force majeure event exists, or the party shall engage in efforts to mitigate the effects of the force majeure event to perform the obligation under intellectual property contract. The research aims to clarify what circumstances or events could be considered force majeure, as well as the applicability of legal provisions in the context of measures undertaken by authorities in relation to events occurred. In addition, the performance of intellectual property contracts in force majeure circumstances will be addressed. Following the compared analysis of national legislations and practices, as well as different opinions and considerations of academia, the research reveals what circumstances could be considered a force majeure event, what are its particularities and impact on intellectual property contracts.