CONTEMPORARY ECONOMY JOURNAL

12-23

Authors: Viorica IDU (DINDAREANU)

The result of an entity is presented by means of some patterns that highlight the evolution in time of this concept. The new vision of the comprehensive income is shaped by the pyramid approach carried out by J.F.Casta and O. Ramond. The pyramid approach points out the difference between the operating income and the comprehensive one, by including the OCI component- a consequence of the use of the fair value measurements of some asset and debt items. There are also mentioned various patterns of the contents of the profit and loss account, according to the structure of the expenses, as a result of the nature criterion or the entity’s functions one. There can be found as well patterns of the result’s analysis by means of the direct costs and of the break-even point. The aim of the study follows the good knowledge of the advantages and the limits of the different ways of underlying the results.

32-38

Authors: Monica-Ionelia MĂRGĂRIT

This paper attempts to create and overview image of the main monetary policy instruments used by the National Bank of Romania, starting from 2000 until present, as well as the evolution and the changes that these instruments have undergone in terms of value. The first part of this paper tries to present the main monetary policy instruments used by the central bank, while the second part analyzes the evolutions they have encountered during the considered period. According to the National Bank of Romania, currently, three such instruments are used, namely, open market operations, permanent facilities and minimum reserves required. Following the analysis we have made, we can say that, overall, the evolution of the three monetary policy instrument can be characterized as a descending one and the effects that the changes made in terms of their values had on the economy were, most of the time, the ones that the central bank has anticipated.

45-53

Authors: Mihail CIOBANU

One of the main directions of the public spending policy in Republic of Moldova is the social protection of the population. A group of population that is, especially, vulnerable to the difficult social and economic conditions is the children in difficulty – children who have insufficient parental support or lack it, due to parents’ negligence, violence, death or other unfavorable conditions of familial environment. A widespread measure of support of these children is their separation from the difficult familial environment and the subsequent institutionalization. On the one hand, the need to make the use of public spending more efficient in supporting this category of children, on the other hand, numerous researches that demonstrate the negative effects of institutionalization on children have determined the government of the Republic of Moldova to orient itself towards deinstitutionalization measures in the last decade. In this paper we try to determine the main aspects of the public spending policy on the social protection of children in difficulty in the Republic of Moldova of the last decade in the light of deinstitutionalization efforts.

69-74

Authors: Sergiu - Dan IURIAN

March 11, 2020 will forever go down in history as a sad date for humanity. It is the date when the World Health Organization declared the spread of the COVID-19 as being redefined as a pandemic crisis. Since then, and even before that, the spread of the virus has left its mark over the way migration is being understood. Usually governments had to tackle mostly problems regards illegal migration and migrant flows due to war zones. Since the pandemic crisis and its impact over the economies, the world is facing another challenge: the one regarding huge legal labour migrant flows, of people who were left out of jobs by the economic impact of the pandemic crisis. The purpose of this article is to make light into the current global status regarding the most affected parts of the world where positive and negative migration is evolving and how authorities adapt their methods and respond to such challenges, but also to take into consideration the future of illegal migration.

86-90

Authors: Loredana Maria PĂUNESCU

A study on the labor market in Romania requires both knowledge processes, realities and trends across the country, and knowledge of phenomena manifested in this market over the years. The labor market in Romania is influenced by economic and social system of politics and the environment, so supply and demand on the labor market often have different tendencies, leading to a tense labor market. In recent years, the labor market has undergone a number of changes, so that both employees and employers have a new perspective regarding labor market insertion.

96-102

Authors: Mădălina ALBU

One of the major concerns of the companies in the field of natural gas distribution is the development of the natural gas distribution system, both by its extension in the areas covered by the concession contracts, respectively by the license, as well as by the concession of new distributions. The foundation of the plans for the sustainable development of the distribution system in the medium and long term is done taking into account the new innovative technologies in the field, as well as the use of modern computer applications that will ensure the efficient management of the distribution networks in accordance with the regulations of the National Regulatory Authority in Energy domain. Considering that natural gas plays a key role in the transition towards an economy based on reducing carbon emissions, representing clean energy, flexible and adapted to energy needs, one of the objectives of the activity in the field is the use of innovative technologies to increase performance. economic. The paper addresses the field and refers to the activities carried out by Distrigaz Sud.

122-131

Authors: Simon OGAGA

Employing descriptive analysis along with documentary evidence, this research investigated the time frame of budget passage in Nigeria and its implications on the economy since the time of her democratic dispensation. The enactment of the Federal budget prior to the new fiscal year is fundamental to quality governance. From the year 1999 to 2019, the different government administrations that have been at the helm of affairs have signed 21 national budgets into law (year 2000 budget to year 2019 budget). Of the 21 national budgets for the epoch of this study, findings reveal that only 14% of the federal budgets have been passed into law before the new fiscal year, while 86% have been delayed, with negative implications on budget implementation, the wellbeing of the citizenry and the general economy. Some of the consequences of a delay in budget passage are that it holds back private investments due to the fact that investors would be uncertain of the economic outlook for the forthcoming fiscal year, affects capital market activities and at the same time creates distortion in economic planning in the private and public sectors of the economy. It is recommended that there should be a constitutionally approved timeline for the enactment process which will be binding on all stakeholders of the federal budget process (and constitutional sanctions for violation of the approved timeline) in order to ensure timeliness in the yearly budget passage thereby creating the enabling environment for effective budget implementation and economic growth.

140-145

Authors: Tatiana MANOLE

In this article we wanted to inform the reader about the process of financing education in the Republic of Moldova. Although the number of educational institutions and the number of pupils / students is decreasing, the state budget increases the allocations for this branch from year to year. This effort of the state budget must change the content of education by increasing the quality and performance in this area of priority importance for the state. We have demonstrated the increase of budgetary resources by increasing the amounts of value norms for a weighted student and for an institution, starting with 2014, the year in which in the Republic of Moldova pre-university education moved to a new funding methodology - based on standard cost per weighted student.

153-163

Authors: Cristina-Cora PÎRVU, Maria Carmen IORDACHE

Social inclusion, as a support for social policies, is both a deliberate process of integrating and welcoming all people into a society based on equal opportunities and greater tolerance, and an objective aimed at combating social exclusion by removing barriers to people's participation in society. In the foundation of social policies are used social indicators that allow the description in statistical terms of the level of social development achieved in society, but also of the current existing problems. They provide confidence in social policy actions and make it possible to monitor progress in solving problems of general interest. This paper highlights the conceptual presentation of the term of social inclusion, both in general and from the perspective of the European Union, the system of indicators used in measuring social inclusion, social trends regarding the evolution of social inclusion indicators at EU and Romanian level.

170-179

Authors: Maria Carmen IORDACHE

Tourism and religion are two increasingly interconnected notions in many cultural contexts in the future, given the popularity and flexibility of both activities. Religious tourism is the pioneering form of tourism that began almost with the beginning of mankind. Since ancient times, religious destinations have not only been a part of the cultural landscape, but have also become a vital factor in local marketing and the economy of hosted destinations. The purpose of this article is to give an outline of a meta-analysis, which reflects the key areas of the perspective of the academic impact of the connection of religion and tourism, to generate a conceptual framework that may be useful to decision-makers in the industry, to understand the effects of and dimensions of religious tourism as well as the factors that affect the growth in religious tourism.

187-191

Authors: Niculina STANESCU

As a result of the risks to which the firm is presently exposed, their assessment and the analysis of the financial implications on the company imply a high level of professional judgement of the management. The recent events related to COVID 19 have implications for the financial reports of the companies, especially for those with economic connections with the affected areas. From January 2020, auditors must be extremely alert to audit risk, mainly in terms of the direct implications for the compliance with the principle of continuity by the audited companies.