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Item Practical considerations regarding the treasury budget of the enterprise(2017) Tirlea, Mariana Rodica; Timus, AngelaThe treasury budget belongs to the category of the company's synthesis budgets and it represents a tool for financial planning in the financial management system of cash and the financial control that illustrates the inflows and outflows. According to the legal regulations, the treasury budget of the enterprise is a compulsory budget that must be periodically drawn, respectively at financial year level, quarters, decades, semi decade, days, which reflects the accumulation and decrease of cash. Treasury budget is a management tool for forecasting. Cash management efficiency entails increasing of the receivables speed, performing payments at maturity date, in consequence the synchronization of cash flows.Item The estimation of insurance potential: methodological analysis(2017) Timus, Angela; Ungur, CristinaThe development of the insurance sector is a priority for economies around the world, especially for the emerging economies due to their capacity to engage in investment activities. Insurance markets are recognized worldwide as important financial market actors and as factors of economic growth generation. Investment possibilities are determined by impressive financial resources managed by insurance companies. In this article we would like to analyze the factors that determine insurance investment sources and present instruments for analyzing insurance companies' investment potential.Item The digitization of money - challenges and opportunities for the global economy(2017) Timofei, OlgaIn modern society the majority of existing problems and solutions are related to money. Sustainable economic development depends to a major extent on the functionality of monetary financial laws, principles, methods and monetary instruments. Given the role of money held in economy, the problem of controlling the volume of money supply and management of its circulation has been widely studied by economists and researchers all times, each time facing new economic and social realities. The recent development of digital technologies is really a major new challenge not only for society and the whole economy, but also for monetary authorities, and policy promoted by them and economic thought in general. The new digital payment systems, currencies generated by their appearance, which essentially represent something completely different from traditional coin, are innovations that could create new problems for the authorities, problems that need to be identified and resolved in a timely manner. Regardless of whether the crypto-currency is still at an early stage, its occurrence and development cannot be neglected or bounded. The paper aims at presenting digital currency, considering its advantages and disadvantages, as well as its place in the global economy.Item Role of informational technology in increasing voluntary compliance by taxpayers(”Independenţa Economică”, 2017) Iordachi, Victoria; Timus, AngelaThe primary objective of fiscal administration is to encourage, facilitate and maintain a high degree of voluntary compliance by taxpayers which will allow concentrating resources on identifying and dealing with those taxpayers who fail to fully comply with their tax obligations. At the same time, for fiscal authorities tax systems based on turnover imply a high risk of evasion because taxpayers can easily submit false data. Particularly, in case of cash transactions, the problem of detecting cases of under- declaring becomes a real challenge. In foreign practice, promotion of measures to combat tax evasion is part of a wider program to support the business environment through reduction of tax burden and encouragement of payment compliance, as well as to ensure a competitive business environment, which will be undistorted by unfair competition. To accomplish this purpose, in developed countries, tax administrations have for years been appealing for technological advances implemented in private sector. At the same time, in developing countries, the opportunities that technology offers are more elusive. This article relates some of practices used by fiscal authorities to encourage tax declaring, especially by small business and self-employed, as well as measures that are based on civic consciousness.Item The role of the inflation expectations in the monetary policy promoting("Victor Slăvescu" Centre for Financial and Monetary Research, 2017) Cociug, Victoria; Hinev, OlgaThis article reviewed the defining aspects of the inflation expectations with their repercussions on the monetary policy efficiency, being considered in the current economy a decisive channel of the monetary policy transmission mechanism to the real economy. The accents were put on the typology and the determinants of inflation expectations in the context of their estimation methods. The practical research focused on the study of inflation expectations in the light of the international experience, as well as it has been formulated some reflections on the anchoring of inflation expectations in the Republic of Moldova on the nature of their compatibility with the domestic monetary policy. The analyses conducted confirm that the inflation expectations in the Republic of Moldova are considerably dependent on the transparency of the monetary policy promoted by the National Bank of Moldova, along with the National Bank of Moldova's commitment to ensuring the inflation target goal.Item The bank value estimation problem("Victor Slăvescu" Centre for Financial and Monetary Research, 2017) Cociug, Victoria; Postolache, VictoriaThis article reports to the main issues in evaluating bank costs and identifying factors have influence on. The necessity of bank evaluating may occur at various times, such during its merger or purchase, but also during reorganization or insolence sanitation of a financial institution. In such a case, the correct assessment of the bank value could lead to positive synergy effects; assessment errors might have disastrous social effects through its depositors ‗debt undervaluing. The article contains analysis of the main models of bank costs, correlated with the needs of this evaluation, and also their reporting during the evaluation of Moldova‘s bank costs in the process of selling its shares.Item New trends in fiscal stimulation evaluation(,,Victor Slăvescu” Centre For Financial And Monetary Research, 2017) Timus, Angela; Cociug, Victoria; Afteni, LauraFiscal and budgetary policy reflects the state's choice for necessary actions to be taken in order to ensure the population welfare and sustainable economic growth, naturally involving revenue mobilization and public spending. The insurance of a long-term macroeconomic growth is driven by several specific mechanisms and instruments, one representing the reduction of fiscal pressure by applying a system of tax incentives.Practically, all countries stipulate in their fiscal policies a robust set of instruments of special regimes, incentives and fiscal facilities to encourage the taxpayer to launch or consolidate his business to generate higher tax levy in the future. Such policies support sustainable economic growth, facilitate R & D-innovation, especially SMEs involved, eco-energy industries and high-value commodities, start-ups in IT, support scientific and technical progress. Applying tax incentives through their incentive function involves transferring public revenue over the next period, as a result of reducing budget funding capacity, while many researchers and experts qualify postponement of revenue with a "budget expense". In this context, we intend to study in this paper the good practices of applying tax incentives in stable economies and in those aspiring to a higher level of development to identify models for assessing their impact on the budget, and implicitly on sustainable growth. The result of these researches will also be the identification of an optimal model for assessing tax incentives in the context of the specificity of the economy of the Republic of Moldova and the formulation of recommendations on the way of its implementation in order to regulate business stimulation policies by diminishing the fiscal pressure.Item Aspectul investițional al asigurărilor. O analiză bazată pe teorie și practică(INCE, 2017) Timus, Angela; Ungur, CristinaCreșterea economică durabilă în contextul unui progres exponențial al informației și inovării trebuie să fie susținută prin investiții considerabile. În cadrul pieței investiționale, un rol important revine companiilor de asigurări care, în calitatea sa de asigurator, dețin volume considerabile de fluxuri fiind implicate în redistribuirea de fonduri pe piața investițională. Astfel, aspectul investițional al asigurărilor este prezentat într-o tratare sistemică prin analiza teoriilor și modelelor care evidențiază conexiunea asigurărilor cu investițiile. Metodele de studiu aplicate sunt tradiționale: analiza și sinteza, observația și prezentarea grafică. Pentru a realiza o analiză empirică a potențialului investițional al sectorului de asigurări au fost folosite metode de analiză statistică a datelor, dar și procedee şi tehnici eonomico-financaire. Lucrarea conchide prin determinarea factorilor care contribuie la dezvoltarea sectorului de asigurări, a premiselor și a posibilităților de valorificare a potențialului investițional al companiilor de asigurare.Item Capitalul intangibil, managementul inovaţional şi tehnologiile – trei elemente esenţiale ale societăţii bazate pe cunoaştere(AGEPI, 2011) Perciun, RodicaNoua economie reclamă o regândire a teoriei factorilor de producţie. Cunoaşterea devine componenta esenţială a sistemului modern de dezvoltare. Suportul societăţii bazate pe cunoaştere este constituit din trei elemente principale: capitalul intangibil, managementul inovaţional şi tehnologia informaţiei.Item Implicaţiile balanţei de plăţi asupra stabilităţii financiare a Republicii Moldova(2015) Perciun, RodicaThe balance of payments is the barometer of the entire financial and economic activity of a country. It highlights the capacity of production of goods and their competitiveness on the international market, both in terms of quality and price. Balance of payments direct implications on financial stability are dual: on the one hand, the currency exchange rate affects prices and thus increases or decreases profit international transactions, and on the other hand, the balance of payments situation of being active or passive influences the exchange rate of own currency. The purpose of this paper is to analyze the balance of payments implications on state financial stability through relevant indicators.