For Romania, 2015 represents the year in which new programming documents are enacted, among which the Regional Operational Programme is the one that focusses on the harmonious development of the regions in terms of GDP/inhabitant and number of new jobs created. During the 2007-2013 period, 19%...

Nations and regions compete between them in order to attract high flows of foreign investments, due to their contribution to the national, regional and local development. Foreign investments contribute to the development of a competitive business environment, representing the main instrument for...

The world had to face last century a series of financial crashes which were felt more or less intense in every country. As the links between national economies became stronger, the consequences of the financial crises spread faster. Thus, giving both governments and citizens more reasons to...

Nations and regions compete between them in order to attract high flows of foreign investments, due to their contribution to the national, regional and local development. Foreign investments contribute to the development of a competitive business environment, representing the main instrument for...

This paper is the third of a series of studies dedicated to tourist inns on the Romanian market. The previous papers focused on the identification of the tourist inns that currently function on the domestic market. Further, their potential as rural facilities was highlighted and their...

Bucharest Stock Exchange was opened for transactions at the end of November 1995. Since than 10 years have passed – and the end of November 2005 marked the first decade of Bucharest Stock Exchange contemporaneous existence. But the event passed almost unnoticed, not even a press release on...

Dracula is an international brand, not a Romanian one. But Bram Stocker chose to locate his vampire in the mysterious location of Transylvania. Thus, Romania is the only country in the world which can exploit the myth of Dracula as being at its ‘home’. This could be considered a competitive...

The sub-sovereign finance importance for emerging and frontier markets is constantly growing since the beginning of 21st century. The change in regulations governing Romanian municipalities source of financing in 1998, allowed local governments to access alternative financing sources, mainly for...

The re-opening of Bucharest Stock Exchange in November 1995 and the start of RASDAQ in October/November 1996 were both prompted by the Mass Privatization Program results. RASDAQ was established as an alternative equity exchange where the bulk of the 6,000 privatized companies should be listed,...

The City of Cluj was and still is considered to be the ‘capital of Transylvania’ due to the fact that it is an important cultural and business center. Though, Cluj’s historical buildings and sites could not compete with those of Sibiu and Brasov they are interesting; its cultural life is...