104 research outputs found
Considerations on The Convergence of Romania to The European Union in The Banking Field
No full textAccording to commitments made by Romania (and by NBR) in the negotiating process to Chapter 11 - Economic and Monetary Union on the acquisition, transfer and implementation into national legislation of the acquis for banking, the NBR Statute was harmonized with the provisions of the Treaty establishing the European Community, the Protocol on the Statute of the European System of Central Banks and the European Central Bank , and the other Community provisions on central bank activity in the Member States of the European Union. The draft law on the Statute of the NBR was adopted by the Senate (on June 8, 2004) and the Chamber of Deputies and promulgated by Decree no. 532/26.06.2004, materialized into Law nr. 312/28.06.2004 on the NBR Statute. The new law was published in Romanian Official Gazette and entered into force on July 31, 2004, when Law no. 101/1998 on the Statute of the NBR, with further amendments and completions, was repealed.convergence, banking system, accession, commitments
Considerations regarding the regulation, accounting and audit of bank deposits
No full textBank deposits have been known even since the
Antiquity. From the legal perspective, the bank deposit
was always covered with due care and received the
deserved attention, while regulations generally reflected
the current views, from the legal, economic, social,
cultural and religious perspectives. The new Civil Code,
applicable in Romania starting from October 1st 2011,
brings a new element within article 2191. The fund
deposit, a change that is situated against the millennial
regulations of the deposit contract, when it specifies that
“Subsequent to the constitution of a fund deposit at a
credit institution, it gains propriety over the deposited
amounts of money”. Even since the Antiquity, the
Roman jurists have caught the economic and judicial
nature of the unregulated deposit contracts that
emphasized the depository’s obligations. The religious
obscurantism of the Middle Ages did not allow the
differentiation between the deposit contract and the loan
contract as passive operations meant to attract the
financial resources of the bank. Nowadays, the
confusion still exists and fuels the financial instability.
Even since the emergence of accounting as a science,
the bank deposit has been seen as a financial asset for
the depositor and a debt for the banker. The accuracy of
the accounting information regarding the bank deposits
is validated and confirmed through the internal and/or
external auditing procedures
The global financial crisis and its implications on the convergence of Romania with the economic and monetary union
No full textThe international financial crisis has affected the new member States of the European Union as well, for which the convergence criteria represent the economic test of evaluation of a degree of economic preparation, in order to participate in the third stage of the Economic and Monetary Union. This paper analyses the main evolutions recorded by Romania under the conditions of the global financial crisis, regarding the stability of the prices, the long term interests, the budget deficit, the level of the public debt in the Gross Domestic Product, the stability of the change and the degree of the preparation of the National Central Bank for the adherence to the Eurosystem. We are trying to identify a series of challenges and risks which are brought by the international financial crisis during the chosen period by the Romanian authorities for the adoption of the unique European currency, respectively 2014-2015.institutional convergence, the real convergence, the nominal convergence, the convergence criteria
CONSIDERATIONS ON THE BANKING PRODUCTS AND SERVICES IN THE GLOBALISATION CONDITIONS
No full textThe changes occurred in the banking marketing in our country have their origin, firstly, in the changes of the organisational culture which has evolved in the last ten years from the bureaucratic behaviour, categorised excessively, to a specific behaviour for the market economy, based on the knowledge of the clients, on the competition and on the promotion of the mentality of a winner. The organisational culture can be changed in time, as long as the employees are aware of the objectives followed, as long as they are selected and promoted in conformity with these objectives and as long as the feeling of belonging to the organisation has formed which depends essentially on the satisfaction that the employee feels towards the activity he/she enrols. Due to the stimulation of the own personnel, the banks, through superior wages as for the best paid sectors of the national economy, have managed to attract the interest of the existing professionals, as well as of the young specialists willing to dedicate to a banking carrier. The training programs organised through the means of the Romanian Banking Institute or through distinct programs organised by the baking companies in our country have contributed to the motivation of the personnel, as well as to the consolidation of the new organisational culture.globalisation, banking products, banking services
CONSIDERATIONS ON THE BANKING PRODUCTS AND SERVICES IN THE GLOBALISATION CONDITIONS
No full textThe changes occurred in the banking marketing in our country have their origin, firstly, in the changes of the organisational culture which has evolved in the last ten years from the bureaucratic behaviour, categorised excessively, to a specific behaviour for the market economy, based on the knowledge of the clients, on the competition and on the promotion of the mentality of a winner. The organisational culture can be changed in time, as long as the employees are aware of the objectives followed, as long as they are selected and promoted in conformity with these objectives and as long as the feeling of belonging to the organisation has formed which depends essentially on the satisfaction that the employee feels towards the activity he/she enrols. Due to the stimulation of the own personnel, the banks, through superior wages as for the best paid sectors of the national economy, have managed to attract the interest of the existing professionals, as well as of the young specialists willing to dedicate to a banking carrier. The training programs organised through the means of the Romanian Banking Institute or through distinct programs organised by the baking companies in our country have contributed to the motivation of the personnel, as well as to the consolidation of the new organisational culture
Doktor Avram Josif Vinaver (1862-1915) - pionir srpske radiologije
No full textDr Abraham Joseph Vinaver (1862-1915), a Jew from Poland, was a pioneer of radiology in Serbia. He graduated from the Faculty of Medicine in Warsaw (1887) but lived and worked in Šabac (the Kingdom of Serbia) since 1890. He procured the first X-ray machine and developed a radiological service in Šabac five years after the discovery of X-rays. These were the beginnings of radiology in Serbia. He introduced the application of artesian wells. Dr Abraham Joseph Vinaver - a Participant at the First Congress of Serbian Physicians and Naturalists, Belgrade 1904. "The Diagnostic Importance of X-rays in Lung Disease, especially in Initial Tuberculosis" and "Five Years of Treatment by X-Ray Machines" were the first works in the field of radiology in Serbia by this author. Dr Abraham Joseph Vinaver - Reserve Medical Officer in the Serbian Army. During the Balkan Wars, he was a volunteer with the rank of major engaged in military corps and he participated in the First World War as well. He died of malaria in 1915 in Gevgelija. His dedication to work during the typhus epidemics was put into verses of a poem by his son Stanislav Vinaver. Dr Avram Vinaver Joseph was a nobleman with a great heart, who selflessly sacrificed himself for the Serbian people and Serbia. He gave his contribution to the development of health services in Serbia, both in peacetime and wartime conditions. Dr Abraham Joseph Vinaver laid the foundations for today’s radiology in SerbiaDoktor Avram Josif Vinaver (1862−1915), Jevrejin iz Poljske, bio je pionir srpske radiologije. Diplomirao je na Medicinskom fakultetu u Varšavi (1887). Od 1890. godine živeo je i radio u Šapcu (Kraljevina Srbija). Nabavio je prvi rendgenski aparat i razvio radiološku službu u Šapcu, pet godina po otkriću X-zraka. Bili su to počeci radiologije u Srbiji. Uveo je u primenu arterške bunare. Dr Avram Josif Vinaver − učesnik Prvog kongresa srpskih lekara i prirodnjaka, Beograd 1904. godine. „Dijagnostička važnost Rentgenovih zrakova kod bolesti pluća, naročito kod početne tuberkuloze” i „Pet godina lečenja Rentgenovim zracima” bila su prva saopštenja iz oblasti radiologije u Srbiji ovog autora. Dr Avram Josif Vinaver - rezervni sanitetski major srpske vojske. Za vreme Balkanskih ratova bio je dobrovoljac sa činom majora angažovan u vojnom sanitetu. Učesnik je i I svetskog rata. Umro je od malarije 1915. godine u Đevđeliji. O požrtvovanom radu dr Avrama Josifa Vinavera u vreme epidemije
pegavog tifusa u Srbiji svedoči i pesma njegovog sina Stanislava Vinavera. Doktor Avram Josif Vinaver je bio čovek plemenitog srca koji se nesebično žrtvovao za srpski narod
i Srbiju. Dao je doprinos razvoju zdravstvene zaštite stanovništva Srbije podjednako i u mirnodopskim i u ratnim uslovima. Doktor Avram Vinaver je postavio temelje današnje
radiologije u Srbiji
The Banking Products and Services: the Globalisation Challenges
No full textThe changes occurred in the banking marketing in our country have their origin, firstly, in the changes of the organisational culture which has evolved in the last ten years from the bureaucratic behaviour, categorised excessively, to a specific behaviour for the market economy, based on the knowledge of the clients, on the competition and on the promotion of the mentality of a winner. The organisational culture can be changed in time, as long as the employees are aware of the objectives followed, as long as they are selected and promoted in conformity with these objectives and as long as the feeling of belonging to the organisation has formed which depends essentially on the satisfaction that the employee feels towards the activity he/she enrols. Due to the stimulation of the own personnel, the banks, through superior wages as for the best paid sectors of the national economy, have managed to attract the interest of the existing professionals, as well as of the young specialists willing to dedicate to a banking carrier. The training programs organised through the means of the Romanian Banking Institute or through distinct programs organised by the baking companies in our country have contributed to the motivation of the personnel, as well as to the consolidation of the new organisational culture.globalisation, banking products, banking services
The Study On International Cooperation Made By The Romanian Professional Accountancy Bodies
No full textProfessional bodies with responsibility in regulating the accounting profession in Romania,with a vast experience in the field, such as Body of Expert and Licensed Accountants fromRomania, the Chamber of Financial Auditors from Romania, Chamber of Financial Consultantsfrom Romania, National Association of Certified Evaluators from Romania, are intensivelycooperating with international bodies in order to develop accounting profession and support theaccountants in providing high quality services to the public.
Cooperation of the professional bodies involved in the regulation of the accounting professionhas one fundamental objective: development of a strong accounting profession, able to serve thepublic interest, spread information and recommendations among its members, as well as providingservices of the highest professional level
Trends of Tourist Demand in Romania. Positioning of Rural Tourists Among the Tourist Preferences
No full textRural tourism in Romania has significant potential, acknowledged both internally and internationally. Keeping
up old customs in villages, including in regard to the daily life, existence of remarkably beautiful landscapes, as
well as the promoting in the foreign press, create the premises required for the take-off of the activities specific
to the rural area among the domestic tourists.
Considering the resources at the disposal of the Romanian villages and assuming that modern people are more
and more interested in returning to nature, for disconnecting from the job-related stress, the author wanted to
find out what is the position of this type of tourism among the tourist demand. After carrying out an administered
questionnaire-based quantitative survey, the results showed that the preferences concerning the place of
spending the holiday are the seaside and the mountains, while the rural areas are considered as the main option
in 2% of the cases. However, the tourist profile that arises from the research shows that there is a base from
which the rural tourism can progress in the medium and short-term preferences, as the respondents reveal a
significant preference over the elements of the rural tourist offer
SOME ARGUMENTS THAT JUSTIFY THE AUDIT TRINITY’S APPROACH IN THE CONTEXT OF CORPORATE GOVERNANCE
No full textThe purpose of this paper is to develop a synthesis of the main arguments that could justify the necessity of audit trinity’s approach (internal audit, external audit, audit committee) in assuring good corporate governance. The aim of the paper is also to synthesize relevant theoretical and empirical latest literature that argues the significance of audit functions as an important mechanism in the effective functioning of corporate governance system. From methodological point of view, the construction of this paper has adopted a normative approach, the research being primarily, based on a examination of relevant literature, with a focus on developments that have more or less implications over the progress of corporate governance issues, especially in these difficult economic context that requires urgently the adopting of effective solutions. By presenting on overview over the latest literature ad discussing the shifting demands with respect to the audit’s contribution to ensuring good corporate governance, the author of this paper hopes to stimulate further research and constructive debates in the field.Internal audit, external audit, audit committee, corporate governance, audit trinity
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