Authors: Oleksandr KUBATKO, Tetyana PIMONENKO
Abstract: The paper deals with the analysis of Ukrainian entrepreneurs readiness for implementation of Deep and Comprehensive Free Trade Area (DCFTA). The authors analyzed the ongoing condition for running business in Ukraine, and results were in favor negative industrial business tendencies combined with macroeconomic instability. Moreover, the military confrontation in the East of Ukraine has had negative consequences for the social, moral and economic situation in the country. Authors have estimated the chances and goals of Ukrainian entrepreneurs to be achieved using the DCFTA. Thus, the effect of DCFTA implementation could provide 6 % of the additional GDP in the medium term. The share of export to EU in total Ukrainian export of goods and services has increased from 26.7 % in 2013 to 32.8 % in 2015. The entrepreneurs of agriculture sector and textile industry are expected to receive the most positive effect of DCFTA implementation. Thus, the export of the cereal crops has increased by 3 % in 2015 compare with 2013. In addition, the export of Electrical machinery and equipment also has increased by 3% in 2015 comparing to 2013. Moreover, DCFTA implementation allowed opening new boundaries and opportunities for entrepreneurs in IT sector. At the same time, the machine building industry is expected to be very sensitive to the DCFTA implementation due the low competitiveness.
Keywords: DCFTA, entrepreneur, European Union, integration, running business
Pages: 4-14 | Full text (PDF)
Authors: Răzvan ȘERBU
Abstract: The economic environment is now in a difficult situation and it is looking for way to overrun this low. There are more and more examples that this time people find a solution through sharing economy. We will present here the potential and some barriers for the eastern part of Europe, for Romania. We will present here also some cultural lag that influence and will influence a more and more the economic system and will show some aspects that happens in socio-economic world due to the changes in technology and especially because those changes are happening more quickly than other changes creating some gaps. So, this period of time between the appearance of the new social technologies and the whole process of implementation of its forces will have a great impact within the economy. There will be highlighted some dissimilarities about the limitation and advantage that the share economy through social technologies will have into the rural compare to urban area.
Keywords: Pear to pear economy, Social economy, Social technologies, Education
Pages: 15-21 | Full text (PDF)
Authors: Vaibhav P. BIRWATKAR
Abstract: Within a year two populations of Europe – one in the south, the other in the north – have voted against the European Union (EU) and its policy. They did this out of entirely different motives and with different aims. Whereas on 5 July 2015 the Greek OXI was directed against the austerity dictates of the Troika and the degradation of Greece to the state of a semi-colonial country, the British Brexit above all was characterized by the fear of "foreigners"and the desire to escape from the freedom of movement in the EU. The crisis highlighted the economic interdependence of the EU, while also underscoring the lack of political integration necessary to provide a coordinated fiscal and monetary response. This paper offers a fresh perspective on how trust has been deteriorating considerably during the recent crisis in European countries which are the most affected by the ongoing economic downturn, mostly in the periphery. Consecutively, EU needs to respond to public apathy and anger with emotional intelligence and offer solutions that feel relevant to people today.
Keywords: European Union, emotional intelligence, trust, conscious reasoning, democracy
Pages: 22-27 | Full text (PDF)
Authors: Bestenigar KARA, Alexandru GRIBINCEA, Lilia SHARGU
Abstract: This study shortly brings forward the oil situation of the world and Turkey's current role in this picture. Within this frame subjects of article have been searched in depth as follows: the current oil status of the world in terms of proven reserves, production, consumption and trade, insufficient use of renewables as against oil, main reasons changing the balances in global oil market. The topic of article is and has always been a current issue. Oil has always come to the forefront taking into account for example oil crises throughout history, the global developments together with new technologies or growing population together with increasing energy demand alongside of its wide range of use in different sectors from textile to transportation. On this basis the aim of article was to reveal how in fact developed but oil poor regions are relied on oil rich but developing regions and Turkey's importance as a transit country within the context of supply for oil poor regions.
Keywords: Alternatives, Middle East, Oil, Russia, Saudi Arabia, Turkey, US, West.
Pages: 28-40 | Full text (PDF)
Authors: Katsiaryna NAVITSKAYA, Boris ZHALEZKA
Abstract: The results of testing of the instrumental method of multi-agent situational analysis to decision-making of socio-economic development of the region are presented in the paper. Instrumental method includes the technique of multi-agent situational analysis, instrumental and methodical complex, as well as guidelines and usage scenarios to assess and predict the results of socio-economic development of the regions. As a result, the groups of similar regions are identified, the main factors affecting their growth are revealed and recommendations of development are made.
Keywords: regional development, multi-agent approach, situational analysis, gross regional product, instrumental method.
Pages: 41-49 | Full text (PDF)
Authors: Aliona DANILIUC
Abstract: This paper is about multinational enterprises and regional security economic, summarizes and synthesizes different strands of literature, to present conclusions on the potential role of multinational enterprises in regional economic security in the EU, Ukraine, Moldova. The circumstances under which 'developmental' MNE subsidiaries may emerge in host regions are reviewed and possible routes to cluster formation and the generation of dynamic comparative advantage are explored. Policy issues are discussed, emphasizing the importance of investment in infrastructure, education and other public goods.
Keywords: transnational corporations, expansion, innovation, economic impact, increase economic benefits
Pages: 50-55 | Full text (PDF)
Authors: Mihaela BRODOCIANU, Sabina Andreea CAZAN
Abstract: The study aims to identify the relationship between the merger announcement, the stock prices and the market efficiency. Given the limited data, the analysis has been applied to only one financial institution which merged recently, Banca Transilvania. The results have shown that in the window period, abnormal returns have been identified as the news of the mergers was linked to the press. It can be concluded that the market reaction was positive not till after the official announcement was made. Overall, the acquisitions can be considered as a value added determinant, creating wealth.
Keywords: Bank mergers, event study analysis, market efficiency, stock prices
Pages: 56-65 | Full text (PDF)
Authors: A.VARADARAJ, D.CHARUMATHI
Abstract: Online shopping or e-shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. The proliferation of online group buying websites is changing marketing strategies and buyers' habits without doubt. The study focuses on the impact of online shopping on the purchase behaviour of consumers in Chennai city. Questionnaire was used to collect the primary data. The sample size of the study was 150 and the sample design adopted was convenience sampling. This paper tried to find out the impact of online market towards purchase behaviour of consumers and gives suggestions to improve the same.
Keywords: Online shopping, consumers, E-Marketing, Internet Marketing, Purchase Behaviour.
Pages: 66-73 | Full text (PDF)
Authors: Olga CERNELEV, Ovidiu TAFUNI
Abstract: The purpose of the research was to assess the effects of advertising of unhealthy food products on student's decision and eating behavior. In the present research participated 272 students aged between 18-29 years from the State University of Medicine and Pharmacy “Nicolae Testemitanu” from the Republic of Moldova. Unfortunately, the findings showed that promotional policy of companies in the food sector have escalated and can influence food product purchase behavior among students.
Keywords: advertising, unhealthy food, student, decision
Pages: 74-82 | Full text (PDF)
Authors: Karim BELGACEM
Abstract: The current world is not moving as all specialists predicted. Brexit, Trump, everyone was wrong. This paper will have two targets: describing the French policy toward Russia, making a perspective on the future policy, whatever the new French presidency in 2017, Francois Hollande will transmit the key to his successor with new election. He refused to compete for a second mandate. It is good to remind that Hollande was involving in the Ukrainian affairs and had managed with Germany the Minsk I and II agreements. He also had suspended Mistral ships selling and approving sanctions against Russia. How will be the future with François Fillon, Marine Le Pen or other? The analysis will be focusing on the future relationships toward Russia and Eastern European Countries.
Keywords: French policy, Russia, Eastern European Countries, perspective, François Fillon, relationships.
Pages: 83-89 | Full text (PDF)