In the following paper we have started from the premises that in the “money-wash” phenomenon analysis, the resulted money circulate in the entire world, through some geographic and institutional channels. Starting from the fiscal paradise... more
In the following paper we have started from the premises that in the “money-wash” phenomenon analysis, the resulted money circulate in the entire world, through some geographic and institutional channels. Starting from the fiscal paradise characteristics we have accomplished a parallel between that and the financial paradise characteristics. In the second part of the paper, we have analyzed the offshore zones, showing also the methods of income placement in the respective countries with some conclusions.
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In a world of trade restrictions, large countries enjoy economic benefits, because political boundaries determine the size of the market. Under free trade and global markets even relatively small cultural, linguistic or ethnic groups can... more
In a world of trade restrictions, large countries enjoy economic benefits, because political boundaries determine the size of the market. Under free trade and global markets even relatively small cultural, linguistic or ethnic groups can benefit from forming small, homogeneous political jurisdictions. This paper provides a formal model of the relationship between openness and the equilibrium number and size of countries, and successfully tests two implications of the model. Firstly, the economic benefits of country size are mediated by the degree of openness to trade. Secondly, the history of nation-state creations and secessions is influenced by the trade regime. Any type of arrangement in which countries agree to coordinate their trade, fiscal, and/or monetary policies is referred to as economic integration. Obviously, there are many different degrees of integration.
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The National Reform Program 2011-2013 (NRP) represents the platform framework for defining and implementing he economic development policies of Romania according to the policies of the European Union (EU), having as priorities the... more
The National Reform Program 2011-2013 (NRP) represents the platform framework for defining and implementing he economic development policies of Romania according to the policies of the European Union (EU), having as priorities the achievement of an economy which is intelligent, sustainable and favorable to inclusion with high level of labor employment, productivity and social cohesion. The judicial use of this instrument by undertaking the necessary and realistic reforms in the European context of efforts to achieve the objectives of Europe 2020 Strategy allows concerting the national intercessions for modernizing the Romanian economy and society and sustains the social and economic convergence with the other member states of EU.
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This study presents an approach of financial statements preparation in Romanian mining companies. The necessity of financial statement preparation on Romanian mining companies lies in providing to users a consistent volumes of information... more
This study presents an approach of financial statements preparation in Romanian mining companies. The necessity of financial statement preparation on Romanian mining companies lies in providing to users a consistent volumes of information with the position of economic and financial performance, image created through presentation of assets, liabilities, equity and their changes, income and expenditure and cash flows. The multitude of information from the financial statements of the organization allows its management to adopt a business strategy viable and investment channeling resources to streamline operations and maximize the result.
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This paper aims to emphasize the implications that the signing of the European Fiscal Pact will have on Romania. At the same time are also taken into account the estimates of the European commission concerning GDP and the negotiation of... more
This paper aims to emphasize the implications that the signing of the European Fiscal Pact will have on Romania. At the same time are also taken into account the estimates of the European commission concerning GDP and the negotiation of the structural deficit level. The advantages and the disadvantages that influence Romania’s economy and some measures for increasing the incomes are also shown from the economical point of view. The fiscal governance pact of the European Union may have a positive effect on Romania, imposing a better fiscal discipline and financial stability. The fiscal governance pact is essential in strengthening the discipline in public finances but will create problems in the authorities’ capacity of stimulating the economy due to the budgetary constraints that it will bring.
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This paper analyzes both the causes and effects of budget amendment in Romania, taking into account the Fiscal Budget Responsibility Law. Reduction by 5% of the CSI payable by the employer from the 1st of October 2014 should be... more
This paper analyzes both the causes and effects of budget amendment in Romania, taking into account the Fiscal Budget Responsibility Law. Reduction by 5% of the CSI payable by the employer from the 1st of October 2014 should be necessarily accompanied by a reform of the social security system, starting from the principle of equal treatment of taxpayers irrespective of their type of income and the elaboration and implementation of a medium-term strategy for financially rebalancing the social security budgets, especially the pensions' budget. Such a strategy should aim to increase the number of taxpayers, in particular by reducing "black" labor, and ensure a total transparency of budget expenditures as a whole in order to stimulate the growth of voluntary compliance to payment of taxes.
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This paper presents the advantages and disadvantages of small and middle enterprises (SMEs) in relation with a registered sole trader (RST). This comparison is necessary since from the 1 st of January 2016, all registered sole traders are... more
This paper presents the advantages and disadvantages of small and middle enterprises (SMEs) in relation with a registered sole trader (RST). This comparison is necessary since from the 1 st of January 2016, all registered sole traders are required to pay CAS (10.5% or 26.3% according to their option) calculated the net revenue gained, besides the CASS of 5.5% and the income tax of 16%. At the same time, a part of the private entrepreneurs will have to choose if they suspend or cease their activity under the form of registered sole trader or establish a small enterprise.
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In order to award a public procurement contract for the acquisition of a product, work or service, the contracting authority must follow a succession of stages, which represent a public procurement process. As a stage of the public... more
In order to award a public procurement contract for the acquisition of a product, work or service, the contracting authority must follow a succession of stages, which represent a public procurement process. As a stage of the public procurement process, planning represents all the activities carried out in public institutions that determine their main objectives, the manner in which they are achieved, and what resources will be used during the process. Planning the procurement process is crucial. Failure to properly implement it results in errors and problems during the process of awarding and implementing the contract. The general objective of the paper is to identify and solve the problems that arise during the process of planning the public procurement in Romania, by identifying and anticipating some directions leading to the improvement of the entire public procurement system.
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Research Interests: Business, Engineering, Notice, Value Added Tax, VAT, and 4 moreOperations, EUROS, Invoice, and Taxable Income
Research Interests: Business, Engineering, Notice, Value Added Tax, VAT, and 5 moreOperations, EUROS, Invoice, Receipt, and Taxable Income
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The National Reform Program 2011-2013 (NRP) represents the platform framework for defining and implementing he economic development policies of Romania according to the policies of the European Union (EU), having as priorities the... more
The National Reform Program 2011-2013 (NRP) represents the platform framework for defining and implementing he economic development policies of Romania according to the policies of the European Union (EU), having as priorities the achievement of an economy which is intelligent, sustainable and favorable to inclusion with high level of labor employment, productivity and social cohesion. The judicial use of this instrument by undertaking the necessary and realistic reforms in the European context of efforts to achieve the objectives of Europe 2020 Strategy allows concerting the national intercessions for modernizing the Romanian economy and society and sustains the social and economic convergence with the other member states of EU.
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The objective of the paper is to identify the possibilities and promotion limits of the financial management in the small and medium sized companies in Romania starting from the concepts expressed in the literature and expressed in the... more
The objective of the paper is to identify the possibilities and promotion limits of the financial management in the small and medium sized companies in Romania starting from the concepts expressed in the literature and expressed in the concrete situations in the ...
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Like any other human activity, without containing intentional elements, tourism, being a consumer of space and tourist resources, participates implicitly in the degradation and the pollution of the environment of the tourist potential,... more
Like any other human activity, without containing intentional elements, tourism, being a consumer of space and tourist resources, participates implicitly in the degradation and the pollution of the environment of the tourist potential, either through the direct pressure of the tourists on the landscape, the flora and the fauna, or on other tourist objectives which can be damaged partially or totally, or through the wrong conception of revaluation and equipment of some areas, points or tourist objectives. The natural environment probably ...
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ABSTRACT: Together with the Internet, e-business and the new economy era, in general, fundamental transformation of the social and economic structure take place. In parallel, the assaults on the standard economic science amplify, in the... more
ABSTRACT: Together with the Internet, e-business and the new economy era, in general, fundamental transformation of the social and economic structure take place. In parallel, the assaults on the standard economic science amplify, in the sense of some conceptual reformulations and of some reinterpretations of the economic phenomena and laws. Besides the classical factors of production, work and capital, information is added, either as a distinct factor or as a detached one of the two mentioned. Also, the empiric findings regarding the ...
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The population is the general premises of the existence, of the dynamics and structure of the employment factor; it is the labor market support, the employed persons. Therefore the analysis and forecasts on the development of the... more
The population is the general premises of the existence, of the dynamics and structure of the employment factor; it is the labor market support, the employed persons. Therefore the analysis and forecasts on the development of the population are very important. Our paper ...
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Romanian Economic and Business ReviewVol. 4, No. 4 165 THE FUTURE OF HOSPITALITY AND TOURISM IN ROMANIA DEPENDS ON THE HUMAN RESOURCES Mirela Mazilu and Roxana Maria Ispaş∗ Abstract: Hospitality and tourism represent a profession, and to... more
Romanian Economic and Business ReviewVol. 4, No. 4 165 THE FUTURE OF HOSPITALITY AND TOURISM IN ROMANIA DEPENDS ON THE HUMAN RESOURCES Mirela Mazilu and Roxana Maria Ispaş∗ Abstract: Hospitality and tourism represent a profession, and to ...