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The middle and long-term slowdown in growth dynamics could bring serious social and political problems for V4 countries (Czech Republic, Slovak Republic, Hungary, Poland) and Romania. It would threaten reaching benefits from potential of convergence process with the developed countries of the European Union. As a result, the V4 economies and Romania should find solutions to achieving a sustainable growth that is associated with an improvement of their international competitiveness. This paper provides an empirical analysis of factors that might determine a stable economic growth in the five mentioned countries. The empirical analysis conducted for the period of 2003-2016 employed Bayesian generalized ridge regression. The main results indicated that the FDI promoted economic growth in all countries, except the Slovak Republic. Only in the Czech Republic, the expenditure on education generated economic growth, while the expenditure on R&D had positive effects in Romania, Hungary and the Czech Republic. [ABSTRACT FROM AUTHOR]

In today's economy we are witnessing a phenomenon of integration in agriculture and food industry, which is an effect, but also a cause of the marketing and agrobusiness development. In well developed countries, and to a lesser extent in the less developed, such as Romania, we observe a serious intensification of interdependence relations between farms, food companies and distributors. Consequently, there is a phenomenon of growing distance between the place of production and consumption place, with impacts on the population's consumption habits. In these circumstances, marketing aims to ensure that food is brought in the place and form desired by the consumer, which requires that the producing companies must design strategies to adapt to specific conditions of different markets (local, regional, national, international). In this context, agricultural and food marketing becomes, for more and more companies, a kind of marketing whose target is aimed towards meeting society's best conditions and future needs. In fact, the agro-food sector is one of those sectors in which marketing companies are located in full force, agriculture (through interdependence with the natural environment) and food industry (through its impact on food safety and security of the population) occupying a place of great importance in ensuring sustainable economic and social development.. As a result of the adjustment process to continue to supply food products to consumers' growing demands, the tendency is to take over more and more agricultural products and process them into food products; the food industry is considerably reducing the time spent by the consumer cooking and it also ensures an assortment structure of agricultural products supply as close to consumers' tastes as it can be. In this paper, the authors have proposed to address some theoretical and practical aspects related to product strategy, which can be applied to Kosarom S.A. Pascani Group of Companies, Iasi County. [ABSTRACT FROM AUTHOR]

The increase of financial crisis in 2008 helped to bring the recession in developed countries and the reduction of acceleration in the economies of emerging countries. Moreover, the degree of vulnerability in emerging countries has increased through their dependence of external financing. Mutual potentiation of negative developments in financial markets and the real economy determinates a volatile environment, stressing the difficulties of forecasting the magnitude of the impact on short and medium term of the global crisis on macroeconomic developments in our country. Romanian banking sector is very affected, there are made changes of interest rate of monetary policy, of interest rates charged on loans and deposits, while the banks' bad debts are increasing. The year 2009 brought with it the decrease in the financial performances of the credit institutions especially due to the constitution of provisions for the outstanding loans. The provisions exploded at the beginning of the year, conditions in which banks have recorded losses in January and February and, despite a slight recovery in March, first quarter results ware negative. On the other side the operational profits are still good so it depends on how each bank will be able to deal with the loans with problems in order to obtain a decrease in their provisions. The banking system from Romania should find rapid solutions in order to improve their financial results through to improving the banking indebtedness for the entities depending on credits and in this way it contributes to accelerate the process of businesses development through credits. [ABSTRACT FROM AUTHOR]