The decision of financing a company through a bank loan is based on a complex analysis. The bank analyzes the information provided by the company’s annual financial statements and assesses the ability of the company to generate cash or cash equivalent, which is necessary to pay maturing debts....

Existing market economy in Romania currently is characterized by a series of reforms carried out in order to create a competitive economy within the EU but also globally. These reforms and dynamic environment where there is a range of factors that can create specific conditions of different...