The financial sector has played a small role in the restructuring of the manufacturing sector in transition economies, and in some cases, financial liberalization may have undermined real sector development. However, ...The financial sector has played a small role in the restructuring of the manufacturing sector in transition economies, and in some cases, financial liberalization may have undermined real sector development. However, stable and stimulating business environment is crucial for economic development. The aim of this paper is to show the main changes that have been implemented in Montenegro so far, and guidelines for changes in the financial market in Montenegro, for further harmonization in accordance with the requirements of European Union （EU） accession. Also, the ability of governments of transition economies to enforce contracts and to achieve fiscal and monetary responsibility is of great importance for economic and financial development. By adopting the new Constitution of Montenegro, in the field of regulation of the financial system, there have been significant changes, recognizing the Central Bank as an institution responsible for financial stability. The authors will give a review of the actual state of the financial market in Montenegro, as well as recommendations for further changes in order to create a favorable climate for entrepreneurship and to strengthen the overall financial system.展开更多
The sustainable development supposes a development strategy that would ensure the interdependence and complementarily of objectives from the social, economic and environmental fields. The degree of priority establishe...The sustainable development supposes a development strategy that would ensure the interdependence and complementarily of objectives from the social, economic and environmental fields. The degree of priority established for the three dimensions of sustainable development differs from one country to another, a fact that confers a national and local meaning to this issue. For the Central and Eastern European countries, balanced economic development represents one of the fundamental objectives of the reforms started in 1990. Education represents a priority of any country＇s economic development and an extremely important element of economic growth. This paper presents the characteristics of the Romanian educational system while achieving a comparative analysis regarding different countries of the European Union, both from a quantitative viewpoint （using the main indicators in the education field） and a qualitative viewpoint （using student performances in international evaluations）. In the end, we present some proposals for the improvement of the present state of the Romanian educational system.展开更多
The analysis of forms of tourism trends in the Loire Valley aims to initiate similar ideas in the Danube Valley in Serbia. The field research identified similar relief qualities, fertile alluvial soil, and similar eco...The analysis of forms of tourism trends in the Loire Valley aims to initiate similar ideas in the Danube Valley in Serbia. The field research identified similar relief qualities, fertile alluvial soil, and similar economic activities, such as farming, animal husbandry, horticulture and viticulture, which are reminiscent of the Danube valley. In addition to these similarities, similarities were observed in the sphere of social life. in terms of methodology, results are obtained from： field observation, using literature sources and maps, interviewing local people in both valleys, and the application of analytical methods and comparisons. The importance of this work is the enrichment of the knowledge of two important European valleys. Research results can be included in the regional geography courses at all educational levels, and can be used at the local level. Communities in the valley of the Danube can be modeled on the experience from the Loire Valley, organize their activities, and thus improve the quality of life.展开更多
Any observer of current economic development in the world and in the Europe should ask about the causes of the current crisis situation. The authors of this article perceive current situation in the European Union and...Any observer of current economic development in the world and in the Europe should ask about the causes of the current crisis situation. The authors of this article perceive current situation in the European Union and many of its member states associated with long-term developmental tendencies still less respecting the objective differences in various economic situation of the member states. Establishment and further functioning of monetary union in Europe is gradually becoming a burden for many countries, which prevents full utilization of instruments of monetary and fiscal policy by daily, and in many cases qualitative differences in the problems of economies of individual member states. The fulfillment of these tendencies in particular in the Euro Area monetary policy is confronted with the dominant position of member states in fiscal policy and in the mutual differences among member states. As considerations of differences in economic level and in member states fiscal policies, both of them are based on official figures, some of them are part of the state. In addition, EU institutions face to face to crisis they are increasingly resorting to deepening statist centralization and enter more often to the processes which are usually domains of business subjects, at most of nation states. All these trends lead to a deepening asymmetry between the decision-making processes and responsibilities for economic development and they could lead to even larger failure of national economies or at European or global level. Since the accession of the Czech Republic to the European Union in 2004 our department has dealing with issues connecting to the economic management of insurance companies and in relation to the ongoing integration process research interest is extended also to other segments of financial markets.展开更多
文摘The financial sector has played a small role in the restructuring of the manufacturing sector in transition economies, and in some cases, financial liberalization may have undermined real sector development. However, stable and stimulating business environment is crucial for economic development. The aim of this paper is to show the main changes that have been implemented in Montenegro so far, and guidelines for changes in the financial market in Montenegro, for further harmonization in accordance with the requirements of European Union （EU） accession. Also, the ability of governments of transition economies to enforce contracts and to achieve fiscal and monetary responsibility is of great importance for economic and financial development. By adopting the new Constitution of Montenegro, in the field of regulation of the financial system, there have been significant changes, recognizing the Central Bank as an institution responsible for financial stability. The authors will give a review of the actual state of the financial market in Montenegro, as well as recommendations for further changes in order to create a favorable climate for entrepreneurship and to strengthen the overall financial system.
文摘The sustainable development supposes a development strategy that would ensure the interdependence and complementarily of objectives from the social, economic and environmental fields. The degree of priority established for the three dimensions of sustainable development differs from one country to another, a fact that confers a national and local meaning to this issue. For the Central and Eastern European countries, balanced economic development represents one of the fundamental objectives of the reforms started in 1990. Education represents a priority of any country＇s economic development and an extremely important element of economic growth. This paper presents the characteristics of the Romanian educational system while achieving a comparative analysis regarding different countries of the European Union, both from a quantitative viewpoint （using the main indicators in the education field） and a qualitative viewpoint （using student performances in international evaluations）. In the end, we present some proposals for the improvement of the present state of the Romanian educational system.
文摘The analysis of forms of tourism trends in the Loire Valley aims to initiate similar ideas in the Danube Valley in Serbia. The field research identified similar relief qualities, fertile alluvial soil, and similar economic activities, such as farming, animal husbandry, horticulture and viticulture, which are reminiscent of the Danube valley. In addition to these similarities, similarities were observed in the sphere of social life. in terms of methodology, results are obtained from： field observation, using literature sources and maps, interviewing local people in both valleys, and the application of analytical methods and comparisons. The importance of this work is the enrichment of the knowledge of two important European valleys. Research results can be included in the regional geography courses at all educational levels, and can be used at the local level. Communities in the valley of the Danube can be modeled on the experience from the Loire Valley, organize their activities, and thus improve the quality of life.
文摘Any observer of current economic development in the world and in the Europe should ask about the causes of the current crisis situation. The authors of this article perceive current situation in the European Union and many of its member states associated with long-term developmental tendencies still less respecting the objective differences in various economic situation of the member states. Establishment and further functioning of monetary union in Europe is gradually becoming a burden for many countries, which prevents full utilization of instruments of monetary and fiscal policy by daily, and in many cases qualitative differences in the problems of economies of individual member states. The fulfillment of these tendencies in particular in the Euro Area monetary policy is confronted with the dominant position of member states in fiscal policy and in the mutual differences among member states. As considerations of differences in economic level and in member states fiscal policies, both of them are based on official figures, some of them are part of the state. In addition, EU institutions face to face to crisis they are increasingly resorting to deepening statist centralization and enter more often to the processes which are usually domains of business subjects, at most of nation states. All these trends lead to a deepening asymmetry between the decision-making processes and responsibilities for economic development and they could lead to even larger failure of national economies or at European or global level. Since the accession of the Czech Republic to the European Union in 2004 our department has dealing with issues connecting to the economic management of insurance companies and in relation to the ongoing integration process research interest is extended also to other segments of financial markets.
