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...

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 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...

A frontier market can play a significant role in the diversification of a global portfolio. Equally important are the companies selected in order to fulfill the diversification needs. We focused on Bucharest Stock Exchange, considered a frontier market, and we analyzed its own diversification...

The importance and contribution of the SME sector to the economic growth was frequently stated and discussed. While Bucharest Stock Exchange does not have a dedicated segment for SMEs, we concentrate our attention on this stock exchange, considered to be a frontier emerging market, due to the...

The present paper tries to present the main events which marked the financial crisis of 2007-2008 in a timeline of crisis development, without making any additional comments on them. In the second part, the paper reviews the most recent papers on the causes of the crisis and tries to give an...

The lodging industry can be considered the core of tourism industry within a destination. Tourism development within a destination is interlinked with an adequate supply of accommodation facilities tailored to tourist demands. The present paper investigates the current profile of Romanian hotel...

The present paper aims to present the level of development reached by Romanian government bond market segment, as part of the country financial market. The analysis will be descriptive (the data series available for Romania are short), based on the secondary data offered by the official bodies...