Economica

Number 2 (92), 2015

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FINANCIAL SAFETY MARGIN AS AN INDICATOR OF ECONOMIC SECURITY LEVEL

Authors: Alina IANIOGLO

Abstract

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Number of views: 772

This article reveals the essence and features of calculating the break-even point and the financial safety margin. There has been presented the methodology of determining the level of economic security, depending on the values of considered indicators. This dependence is shown in the graph for ease of application. There has been calculated and determined the level of security on the example of a certain agricultural enterprise of the ATU Gagauzia.

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COLLABORATIVE PROCUREMENT – A SOLUTION FOR REDUCING COSTS FOR SMEs

Authors: Natalia GALANTON

Abstract

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Number of views: 506

The research presented in the article aims at examining new ways of solving problems, faced by small and medium enterprises under growing competition, related to purchasing costs and product quality. “Collaborative” or group procurement is a type of business that covers all areas and directly affects power consumption, having positive effects on both procurers and suppliers. This type of procurement is often the initial reason for establishing the “group”. This structure undertakes all stages and services of the procurement function, but not limited to this, aiming lowering costs, improving the quality of products or services, finding new solutions for problems faced by a group of businesses

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THE DARK SIDE OF INFORMATION ECONOMICS

Authors: Grigori BORTA

Abstract

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Number of views: 499

It is difficult to imagine modern world without information technologies. They are widely used on domestic, corporate, state and international levels. But even though these technologies offer multiple benefits, they can be used for both good and bad. Sometimes, users are eager to sacrifice security of their personal data for the sake of convenience. The damage of this domain’s existence is obvious. For example, according to the data provided by FBI, during the last 14 months, malefactors have stolen around 215 million US dollars using just a single scam, related to compromised corporate e-mail addresses. 1198 of the victims were US citizens, and 928 citizens of the other countries, thus totalling the number of victims to 2126. It is important to note, that US citizens suffered much more damage, totalling 180 million US dollars, or in other words, 84% of total damage done.

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STRENGTHENING THE INTERNAL CONTROL: MANAGEMENT INTEREST IN ORDER TO INCREASE FINANCIAL PERFORMANCE

Authors: Alexandru TUGUI, Aliona BIRCA, Gabriel CHELARIU

Abstract

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Number of views: 528

Internal control was and it is still present in all parts of social and economic activity. Through control, managers ensure achievement of their strategic and operational objectives, public institutions – accumulation and monitoring of funds, and the population peace and balance in everyday life. Control helps to find the essence of processes and phenomena, guide managers at the helm, gives occasion to reveal the gaps and intervenes to prevent and eliminate the causes that led to them. Finally, control “is a necessary evil” and is designed to enhance the performance of the entity.

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CONSIDERATIONS ON EXTERNAL TRADE OF THE REPUBLIC OF MOLDOVA WITH AGRO-FOOD PRODUCTS

Authors: Tatiana DIACONU

Abstract

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Number of views: 530

During the first years of independence, the Republic of Moldova has focused its external policy, especially commercial, more to East than West. Lately there has been a decisive trend of external policy directed to the integration of the Republic of Moldova with EU, currently becoming a major priority with opportunities, especially for agro-food sector. This article aims to evaluate the export potential of agro-food products of the Republic of Moldova in various market segments, examining also the opportunities they might have, either on the EU market, or the case when was opted for integration into the Customs Union.

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TAXES FOR THE USE OF WATER RESOURCES IN THE REPUBLIC OF MOLDOVA, PROBLEMS AND DIRECTIONS OF THEIR REFORMING

Authors: Petru BACAL

Abstract

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Number of views: 507

The paper gives a complex analysis of the methodology and practice on tax charging for use of water resources in Moldova. There have been identified the main problems of implementation of those taxes and made recommendations for optimization. The amount of water taxes is very low and depends only on the field of usage and volume of abstracted water. The current methodology does not account for the origin of water sources and water supply degree, and the ecological and sanitaryhygienic status of water sources. The tax revenues accumulated in local budgets are significantly lower than the necessary costs of restoration and protection of water sources, and do not allow the realization of the Action Plans in this area.

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THE IMPORTANCE OF ENERGY INTENSITY OF THE REPUBLIC OF MOLDOVA IN THE CONTEXT OF EUROPEAN UNION INTEGRATION

Authors: Boris CHISTRUGA, Dumitru SIMONOV

Abstract

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Number of views: 466

The article addresses the issue of energy security in terms of energy intensity. Development of the economy is closely related to the availability of energy resources, ensuring energy security and energy efficiency, so that the energy sector is an important element of the economic and social activity. The evolution of the energy consumption is closely correlated with economic growth and energy intensity represents qualitative and quantitative expression of the efficiency of using energy resources. For the Republic of Moldova it is particularly important to act for increasing energy efficiency since it improves country’s competitiveness and reduce external energy dependence in the context of rising prices and the difficult geopolitical environment.

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ASSESSMENT OF THE POSITION OF THE REPUBLIC OF MOLDOVA WITHIN THE EUROPEAN NEIGHBOURHOOD POLICY AND THE EASTERN PARTNERSHIP

Authors: Dorina PATRASCU, Ion PATRASCU

Abstract

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Number of views: 475

The article is devoted to the following topical issue – the economic integration of the Republic of Moldova into the European Neighbourhood Policy and the Eastern Partnership. Moldova's situation is considered and analysed in comparison with five other countries that are part of the EU's Eastern neighbourhood (Belarus, Ukraine, Georgia, Armenia and Azerbaijan) and Russia as a geopolitical and economic factor for the respective countries.

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ARTIFICIAL NEURAL NETWORK APPLICATIONS IN BOND RATING PREDICTIONS

Authors: Natalia MARINOVA

Abstract

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Number of views: 555

This paper explores the use of artificial neural network applications in resolving complicated classification problems. The main target is to outline the most important economic areas where they can successfully be applied and to reveal their capabilities for relatively correct predictions of an emitted bond’s rating. To achieve these goals we have investigated the specialist literature dedicated to the existing problems and have analysed some empirical data from different author’s works.

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STRATEGIC MANAGEMENT OF HUMAN RESOURCES AND EMPLOYEES’ POTENTIAL IN THE CONTEXT OF BUSINESS CULTURES’ DIVERSITY: THE ROLE OF TEAMS AND LEADERSHIP

Authors: Ludmila BILAS, Marina CRASTIN

Abstract

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Number of views: 563

The article analyses the important issues of strategic management of human resources. It elaborates on the role and importance of leadership and work teams in the context of business cultures’ diversity. The article also emphasizes the significance of leadership and work teams for the fulfilment of personal potential. The provided conclusions and recommendations are based on the study of management categories that the authors undertook at a number of national enterprises.

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FORMALIZATION OF MONOTONY ASPECTS OF MULTIOPTIONAL „VOTESDESISION” METHODS

Authors: Ion BOLUN

Abstract

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Number of views: 526

Seven situations of „votes-decision” (VD) methods of monotonicity, with their expansion path specification covering a wide range of possible situations, are defined. General properties of monotone VD methods are identified and the monotonicity state of parties’ influence power related to the input parameters of six defined situations, are elucidated.

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PECULIARITIES OF FORMATION AND USE OF BUDGETARY RESOURCES FOR THE PURPOSE OF ECONOMIC GROWTH

Authors: Vladimir CUCIREVII

Abstract

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Number of views: 556

State support of investment activity is today one of the important conditions of lifting of the competitiveness of the national economy and plays a role no less important than other market mechanisms and the liberalization of entrepreneurship. Levers of state influence on economic processes in market conditions are instruments of fiscal and monetarycredit policy. Fiscal policy is an important tool for economic and political interests that are achieved directly through it. The made research shows that public investment financed from domestic sources fell, while capital transfers and foreign-financed projects have increased. Decrease in budget investments brought to worsening of the infrastructure, joint of important economic programs, but using external funding were achieved effective results, especially in the transport sector. Conclusions were drawn on the basis of the effectiveness of fiscal policy and its influence on economic growth and preparing recommendations on improving the situation in this area.