CONTEMPORARY ECONOMY JOURNAL

13-24

Authors: Aurelia DUCA, Ugbo JOHNBULL

In today’s competitive business environment, coupled with the economics recession which has left many companies closed and some bankrupt, the organizations that survived the recession are now trying to pull their foot back to status quo. These organizations tend to increase or expand their business, and the only way this could be successful is for them to move from the highly competitive and saturated Western markets and explore new market and opportunities. It is against this background that Stratbull Leaders LTD in Republic of Moldova is trying to expand it sales volumes and profit margin by extending its product to a new market which is Africa (Nigeria). The paper aims to investigate factors that influence strategies to promote Moldovan wine on the Nigerian market.

34-38

Authors: Mircea GUTIUM

This article represents the case of study the block-chain technology evolution across its existing like financial, economical and social instrument. With phenomenal growing in 2017 it creates a new industry of pay instrument Bitcoin has laid the foundation for the evolution of financial instruments and information technologies, this wave may sign new changes that may occur in the near future. In addition, forecasts will be made on the future of new digital coins and block-chain technology Keywords: block-chain, bitcoin, finance, economy, technology.

47-53

Authors: Ionel LEONIDA

In this paper, an assessment of the influences of institutional factors, on the nature of the structural and conjunctural characteristics of the economy, will be made on a set of fiscal and budgetary multipliers, for the period 2006 - 2017, for Romania. The research methods used in the paper refer to evaluations of the theory, studies and interpretations in the literature regarding the fiscal and budgetary multipliers, the methodological analysis, the economic and institutional mechanism and the interpretation of economic significance. The results expected to be obtained can be concretized in an evaluation table of the impact of the fiscal-budgetary multipliers, based on the influence of the mentioned factors.

64-68

Authors: Mihai-Adrian OPRESCU

The principle, as a general concept, is a basic rule of maximal generality, on which is based a scientific theory, a political system, a rational construction, any principle being the beginning of an action. Principles are found in all socio-professional and, implicitly, financial law. The law on public finances does not define the notion of principle, summing up only to enumerate them, without developing them in its content. Thus, budgetary principles can be defined as indicative norms underlying the achievement of the entire budgetary process, with the aim of establishing clear rules for the preparation and implementation of the budget.

74-80

Authors: Laura PĂNOIU

Any public or private entity wants to build its management system that allows the implementation of its own strategies and policies, thus ensuring the fulfilment of its mission and the vision through the rational use of (often limited) resources and at the same time the satisfaction of stakeholders’ requirements. Business development and diversification, business performance in a turbulent, interconnected and globalized economic system, diversification of management techniques have generated the interest in control. Thus, the management control activity becomes an important step that generates multiple benefits to all organizations to the extent to which they are prepared to develop systems and procedures according to legal procedures and standards, but also adaptable to the environment. Control is the activity that provides a company management with real and preventive dynamic information which gives value and quality to the decisions made. The management control activity provides managers with the opportunity to identify real issues as it captures the substance of phenomena and the ability to define a scientific and efficient management system. To the extent that control is not limited just to finding the negative elements but also to identifying and predicting the way an activity is carried out, it can determine the maximization of advantages and the prevention of phenomena that require corrective decisions.

91-102

Authors: Sunday Olugboyega KAJOLA, Adeniyi ALAO, Wasiu Abiodun SANYAOLU, Olalekan Jubril OJURONGBE

The study examined effect of leverage and liquidity on financial performance of Nigerian firms using data of seventeen consumer goods firms listed on the Nigerian Stock Exchange during the financial years, 2012 to 2017. The study adopted multiple regression method, with pooled Ordinary Least Squares as estimation technique. The finding revealed that leverage proxies- degree of operating leverage and degree of combined leverage have significant effect on financial performance. The study could not however provide empirical evidence in support of liquidity proxies- current ratio and quick asset ratio having significant effect on performance of the companies. The study recommended that in order to improve profitability level, corporate managers and top decision makers should take advantage of debts’ tax shield from the interest in companies’ financial structure and develop robust strategies that will monitor and efficiently manage liquidity requirements.

109-115

Authors: Tatiana TOFAN

This article describes the specific achievement of regional development policy in the Republic of Moldova. The implementation of regional development policies in the Republic of Moldova is a relatively new field. Since the 1990s, under the aegis of the ministries responsible for economic policies, public policies have been implemented aimed at the balanced development of the country's regions, but only at the end of 2009, the regional development process was stimulated by institutionalizing the instruments for implementing the regional development objectives.

121-125

Authors: Isabela STANCEA

Public administration in counties, towns, communes is organized and functions mainly, based on the principle of local autonomy; according to the law, local autonomy means the right and the effective capacity of the local public administration authorities to solve and manage public affairs on behalf of and in the interest of the local communities they represent.The local autonomy is only administrative and financial, being exercised on the basis and within the limits provided by the law and concerns the organization, functioning, competences and attributions, as well as the management of the resources, which, according to the law, belong to the commune, the city, the municipality or the county, as the case may be. Summing up, local taxes and taxes, the main source of revenue for the local budget is based on the financial component of local autonomy.

131-137

Authors: Valter – Alexandru JIANU

In the last decade, Romania has seen a positive and slightly oscillating trend in terms of immigration, being recognised as a transit country. Before 2004, the number of immigrants in Romania was relatively small, especially from the Republic of Moldova, Turkey and China. After joining the European Union, Romania enters the circuit of intra-community mobility. Immigration policy focused on the phenomenon of immigration of third-country nationals, representing around 0.3% of the total population. The integration of immigrants into Romania is the result of a dynamic ratio between the collective dimension, put into value through expectations, social norms characteristic of society as a whole, and the individual size, whereby the immigrant must meet a cumulation of normal standards in society. The reality has led to a paradigm shift in addressing immigrants' integration policies in Romania, with the centre of gravity moving from equal treatment to immigrants to ensuring equal opportunities and access to all areas (economic, social, cultural) and participation in civil and political life.