This paper aims to examine whether the status of fiscal decentralization generates efficiency in local spending behavior and leads to local fiscal performance and local economic growth, revealing not only the status of Romania from the point of vertical fiscal imbalance but also the fiscal...

Community-based entrepreneurship is a type of entrepreneurship that is being focused on today. This type of entrepreneurship is based on the need for community participation in any development process of enterprises. Through getting community support, community-based enterprises can thrive at...

This paper aims to present how the concept of ‘Green Banking’ is perceived in Romania. The first part contains relevant information on the importance of approaching a Green direction, referring to the objectives of the 2030 Agenda. The paper continues with a presentation of important...

While under communism the identity-providing religion was suppressed, religiosity is strong today even among the youth in post-communist countries. This provides an appropriate background to investigate how external and internal religiosity relates to risky behaviors like smoking, drinking, and...

Purpose: Ethical consumption is on the rise amidst concerns about the environmental and health impacts of industrial agriculture. In light of increasingly complex food choices, alternative food networks have emerged. However, their success depends on a deeper understanding of the product...

This paper examines the impact of board diversity, CEO characteristics, and board committees on the financial performance of the companies listed on the Bucharest Stock Exchange (BSE). In order to test the influence of these characteristics, detailed data on more than 70 firms are collected by...

We present an analysis on cohesion policy investments in the regions of Romania using the spatial dynamic general equilibrium model RHOMOLO in order to provide useful insights on the 2021-2027 programmes and their implications for growth and development. The analysis is based on a hypothetical...

The issue of business resilience is a topical one, in the context of which a large number of the companies on the market have faced many challenges in the last two years, raising the issue of market survival. But was the Romanian business environment ready to face the COVID-19 crisis? How...

The aim of this article was to identify the role and specific mechanisms of the stock exchange in promoting corporate social responsibility (CSR) and CSR communications among companies listed on the Romanian capital market given country membership of the European Union. Taking into account the...

This paper examines the impact of board diversity, CEO characteristics, and board committees on the financial performance of the companies listed on the Bucharest Stock Exchange (BSE). In order to test the influence of these characteristics, detailed data on more than 70 firms are collected by...

This study investigates the many facets of sustainability and digital transformation in business in the context of the fair transition, which will generate multiple challenges and opportunities for companies in various industries. In such a context, a solution to increase resilience and adapt to...

The main aim of this research article is to develop an econometric model in order to establish the influence of green performance on digitization, green production and environment commitment. The data was collected through a questionnaire- based survey on companies' representatives. The analysis...

The digital economy is an alternative to the traditional economy, an area of the future on which investment and R&D efforts are focused both by European forums and by Member States, which have understood the importance of the domain with the onset of the pandemic crisis. The aim of the research...

The objectives of the European Green Deal are closely related to digitalization as a key factor in achieving them. Accordingly, this study aims at analysing the differences among the profiles of consumers from Romania regarding the method of payment used in online purchasing of fresh vegetables...

Transformation of business models using digital technologies is depicted by the European Green Deal (EC, 2019) as a key factor in achieving sustainability goals. For the business environment, the digitalization of organizations entails changes in the accounting functions, correlated with the...

We present an analysis on cohesion policy investments in the regions of Romania using the spatial dynamic general equilibrium model RHOMOLO in order to provide useful insights on the 2021-2027 programmes and their implications for growth and development. The analysis is based on a hypothetical...

Migrant entrepreneurship is recognized as an essential economic driver for host and home countries. However, Eastern European entrepreneurs' social initiatives and contributions are rarely acknowledged, shadowed by their image of precarity and economic survival in host countries. This...

Informal payments in the public health care system represent one of the most sensitive topics in the medical world. It is also a subject of interest for many researchers. As evidenced by reports from various European institutions, a catalyst for their use was the COVID-19 pandemic. Among all the...

This report is divided into two main parts. Part One examines Romania's Instruments for Entrepreneurship and contains analysis conducted by the World Bank team. It culminates with recommendations to improve the functionality of the Romania's policy instruments. Part Two presents Policy...

The report is organized in four chapters that together provide a comprehensive assessment of entrepreneurship and startup performance in Romania. Chapter one examines the context of entrepreneurship in Romania through a cross-country comparison that covers key outcomes and structural pillars of...

Cities are key to unlocking a climate-smart future for all, as they account for more than 50 percent of the global population, about 70 percent of global energy-related CO2 emissions and 80 percent of global GDP. Urban centers' share of emissions is expected to grow as the urban population is...

Derzeit prüft die EU-Kommission den Antrag der Ukraine auf eine EU-Mitgliedschaft. Ein Schnellverfahren für eine Aufnahme der Ukraine in die EU ist im Gespräch, aber eher unwahrscheinlich. Die letzten EU-Erweiterungen um Bulgarien und Rumänien in 2007 und Kroatien in 2013 wurden zum Teil...

The World Bank is developing a Sustainable Cities Implementation Framework for Europe and Central Asia to inform World Bank and other development partners' ongoing support to national and sub-national authorities in pursuit of Sustainable Cities. As part of this work, preliminary assessments...

The rapid growth over recent decades of the impact of natural disasters on economies, especially in vulnerable areas, urges stakeholders to promote innovative solutions involving risk transfers that account for the new risk exposures. These proposed solutions are designed to optimize and...