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Advancing circular economy: integrating consumers and institutions towards sustainability

Author(s): Olesea Plotnic,Rodica Crudu / Language(s): English Issue: 1/2024

The current linear economy, defined by a buy-use-discard approach, is unsustainable, leading to overconsumption and waste that threaten the environment. By 2050, global consumption is expected to surpass Earth's capacity by threefold, making the transition to a circular economy essential. This article explores the challenges and opportunities of adopting a circular economy, emphasizing the need for collective action at both national and international levels. It examines how consumer behaviour, policy-making, and stakeholder engagement can drive this transition. Drawing on initiatives like the European Green Deal and Circular Economy Action Plan, the article focuses on strategies within the European Union to promote sustainability and address the global overconsumption crisis.

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Exploring tourists' perceptions and influencing factors of creative tourism in Europe

Author(s): Mihaela Clincu,Iuliana TUDOSE-POP / Language(s): English Issue: 1/2024

The emergence of co-creative interactions between tourists and touristic activities has extended in Europe generating increased interest, driven by contemporary trends in tourism emphasizing meaningful, authentic experiences and direct engagement with culture and local communities. Our paper aims to reveal insights and nuances in tourists' perceptions of creative destinations in Europe. The findings are based on a literature review on creative tourism and a qualitative methodology of two focus groups carried out with 20 people in total from 13 countries from Europe, including Bulgaria, Croatia, Estonia, Germany, Greece, Italy, Latvia, Lithuania, North Macedonia, Poland, Portugal, Romania and Spain. Within the focus groups there were explored the levels of understanding on the creative tourism concept, European destinations associated with creative tourism, influencing factors that stimulate engagement in creative tourism experiences in Europe as well future perspectives of creative tourism evolving in Europe. A diversity of opinions have emerged in consideration of creative tourism trends and patterns and the idea of a 'one-size-fits-all' model resulted to be particularly inappropriate in terms of creative tourism perceptions and experiences. Our analysis highlights several directions for further information development on the introduction of creative experiences into tourism developments.

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Unlocking financial data

Author(s): Alexandru Chistruga / Language(s): English Issue: 1/2024

The current research will concentrate on a legislative proposal that is awaiting approval, namely the proposal for a regulation of the European Parliament and of the Council on a Framework for Financial Data Access. The proposed legislation seeks to establish rules governing the use, sharing, and access of certain categories of customer data in financial services, such as mortgage credit agreements, loans, investments in financial instruments, or pension rights. We understand the European Union's desire to establish a framework for access to financial data, especially since access to data would allow businesses to offer tailored products to customers based on the information they collect, but the regulation, at least in its current form, entails a number of obvious risks. For instance, investors specializing in recovering non-performing loans, also referred to as vulture funds, would obtain a plethora of information, facilitating the identification of debts suitable for effective enforcement. Therefore, the proposed regulation appears to be a lifeline for vulture funds, increasing their efficiency rather than eliminating them, even though, as we will show, their practices may be regarded as unethical.

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The role of external assistance in propelling the digitalization of public services in the republic of Moldova

Author(s): Mihaela Grumeza,Rodica Crudu / Language(s): English Issue: 1/2024

Digitization of public services has become an imperative in modern governance, bringing promises of increased efficiency, transparency and greater citizen engagement. This study examines the critical role of external assistance in accelerating the digitization of public services in the Republic of Moldova, highlighting its impact on shaping national digitization agendas, particularly in transition economies. The relevance of the research lies in its ability to contribute to the development of effective and sustainable strategies for the digitization of the public sector, thus facilitating socio-economic development and strengthening international cooperation. The main aim of the study is to investigate the role of external assistance in this process, being structured on three objectives: exploring the theoretical concepts of e-government, analysing the impact of external assistance on digitization in Moldova and assessing the influence of digital public services on the development of local entrepreneurship. Through a qualitative methodological approach, the study provides valuable insights for policy makers and practitioners, contributing to the academic discourse on digital governance.

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ПОБОЉШАЊА У ЖИВОТНОМ ВЕКУ МРЕЖЕ ЗА СОЛАРНЕ ЧВОРОВЕ У БЕЖИЧНОЈ МРЕЖИ СЕНЗОРСКЕ МРЕЖЕ

Author(s): milan malešević,Nemanja Deretić,nikola samardžić,Miloš Popović / Language(s): Serbian Issue: 1/2024

Wireless sensor networks with specific hardware configuration and possibilities for their network lifetime improvement are examined in this paper. Nodes in the network are equipped with solar cells. Storing solar energy in batteries is a very cost-effective and longlasting solution for sensor nodes that are difficult to reach for regular maintenance. Solar power provides more power for more frequent data acquisition and greater communication distance. The downside of this approach is battery lifetime, not a single charge lifetime but the total overall number of times battery can be recharged before it fails. Here we propose a design of the whole sensor node configuration and, most importantly, hardware and software improvements of sensor nodes for increasing battery life and thus network lifetime. A survey of relevant literature is provided, as wellas the analysis of experimental data from referenced authors. Some experiments have been done to discuss the testing methods of other researchers. Good results in improving network lifetime for most used battery types were obtained by this research. Network lifetime of wireless sensor networks can be doubled or even tripled by modifying battery charging strategies, which would enable up to ten years of maintenance-free operation of sensor nodes. Partial charging strategies present a significant improvement in increasing Li-ion battery cycle-count expectancy and can also increase calendar-life expectancy because of batteries not being kept at elevated states of charge.

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ЗАДОВОЉСТВО ПОСЛОМ ИЗ ПЕРСПЕКТИВЕ РЕСУРСА ТЕОРИЈА ОЧУВАЊА: УЛОГА ЕМОЦИОНАЛНИХ ЛИДЕРА ИНТЕЛИГЕНЦИЈУ

Author(s): Nenad Mihajlov,Snežana Mihajlov,Miloš Dašić / Language(s): Serbian Issue: 1/2024

Job satisfaction is a key factor in the success of organizations, and transformational leadership is considered one of the most effective ways to achieve it. However, there is a lack of research that focuses on the role of emotional intelligence of leaders in this process. This study examines the hypothesis that leader EI mediates the relationship between individualized approach, as one of the dimensions of transformational leadership, and job satisfaction. Conservation of resources theory serves as a theoretical framework for understanding this relationship, with an emphasis on emotional support as a key resource that leaders provide to their employees. The data was collected from 275 employees in the insurance sector in Serbia through an online survey. Employees' perceptions of transformational leadership, emotional intelligence of their leaders and job satisfaction were measured. SmartPLS 4 was used for data analysis and structural modeling analysis was applied to assess mediation. Other dimensions of transformational leadership were not directly related to job satisfaction. In addition, a leader's emotional intelligence had a direct positive impact on job satisfaction. This research contributes to the existing literature by highlighting the importance of leaders' emotional intelligence for job satisfaction; identifies emotional support as a key mechanism linking transformational leadership and job satisfaction; and provides empirical evidence on the role of context (teamwork) in the relationship between leadership and job satisfaction. The results have practical implications for organizations, highlighting the importance of investing in the development of emotional intelligence in leaders

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TECHNOLOGICAL PROGRESS AND DIGITIZATION IN THE FUNCTION OF THE DEVELOPMENT OF E-EDUCATION IN SERBIA

Author(s): Boban Dašić,Nikola Pavlović,Marko Savić / Language(s): English Issue: 1/2024

The main task of this paper is to investigate the impact of technological progress and digitization in the function of the development of e-education in Serbia. Contemporary world trends have confirmed that with the application of technological progress and digitization, education becomes more efficient and effective. The goal of this study is to show that increasing the efficiency and effectiveness of education can be achieved with the help of digital transformation accompanied by the latest achievements in electronic learning with the improvement of teaching methods and tools. This is because nowadays it is impossible to create a quality education system without including technology and digitization in it. The analysis of the development of e-education through technological progress and digitization was done on the basis of data from theMinistry of Education and the National Entity for Accreditation and Quality Assurance in Higher Education. The mentioned research refers to all Universities, Faculties, Academies of applied studies and Colleges in the Republic of Serbia. Modernization of education is impossible without the introduction of digital technologies in the educational process. The results of the work point out to the great importance, positive impact and overall contribution of technological progress and digitization to the development of e-education in Serbia, which tends to change it from the roots.

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СУШТИНА И КАРАКТЕРИСТИКИ НА ЛИДЕРСТВОТО

Author(s): Zlatko Jakovlev / Language(s): Macedonian Issue: 6/2024

Leadership is a mobile activity of group action, in which the subject, in a determined tense, and organizational connotation, acts with the other subjects who are part of the group work, with their own will to devote themselves to the realization of the team's mission. Leadership is a dynamic process and is correlated with the different tasks and demands that are set, the team and the team entities. Leadership as a process involves the leader and all employees, who should be allowed to participate in goal creation and understand that they are important in achieving them. Leadership is based on establishing relationships within the enterprise. Leadership is about change. Managers and employees are responsible for leadership. The most studied factors of leadership are: personal characteristics of the individual who prefers leadership, traits – characteristics of subordinates, characteristics of the environment, and in leadership, classical and modern styles are distinguished. Because of the relevance of leadership, and the success of global companies, we have decided on this project to look at the concept, essence and characteristics of leadership. Particular attention is paid to leadership styles, which are classified differently depending on the literature used. We decided on the classification of classical and contemporary leadership styles – through the examples of world-renowned companies. Leadership involves influencing, without coercing, employees to perform activities related to the strategy. The quality of leadership is based on the personal characteristics of managers, including those that are general to effective leaders and characteristics of the environment in which leadership is performed. Leadership is a dynamic process that is influenced by the changing demands of the task, the group itself, and individual members. It follows that there is no best way to lead, and leaders need to exhibit different behaviors in order to perform their role successfully. Leadership is not limited to just one person. Usually the appointed leader (manager) formally takes care of the group, but he does not necessarily in practice be the leader of the group. Leadership implies respect and belief in teamwork; in the words of one prominent manager, "to lead is to have someone to follow you." That is, leadership implies two sides: a capable manager-leader, who creates a vision, and followers, who embrace the vision and follow the leader's ideas and values.

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ZHVILLIMI EKONOMIK DHE PASOJAT E MIGRIMIT SIPAS REVISTËS “ALBANIA”

Author(s): Albnora Musa Bakiu,Hiriet Ziberi / Language(s): Albanian Issue: 6/2024

Faik Konica, this prominent figure of Albanian culture has indisputable merit for the contribution he has brought to many fields of knowledge. The first contributions to popular culture and local traditions can be found in the years of his youth, when he was publishing the well-known newspaper "Albania". An impetus to pay attention to Albanian culture was his strong feelings of love for the land of his ancestors, where he expresses his spiritual ties to the homeland. Konica in all his ways has poured his many knowledge on the country and the people, skillfully interweaving them with general historical-geographic data and especially with rich materials collected with care and competence. Having an appreciative and kind attitude towards his country, Konica could not agree with the attitude of some category of people in Albania, who denied and degraded everything that was Albanian, took the traditions and customs of the country under their feet and had inferiority complex before foreigners and took the path of exile. Faik Konica treated exile, a phenomenon that has always accompanied Albanians. He was fully convinced that Albanians should do the impossible and continue living in their territories inherited from their ancestors. He criticized exile and was against the departure of Albanians who saw it as an easier way for economic benefits. He based his position on the fact that the economic branches in Albania were not like before, they had had a noticeable rise. Despite the economic growth, he was also aware of the problems faced by the Albanians and for this he blamed the Ottoman Empire, which charged them with many taxes and did not want the economic life in Albania to increase, so that the Albanians would not earn their income and to get out of the poverty they were in. He also pointed his finger at all the neighbor countries that interfered in Albania's internal affairs and did not allow the Albanians to enjoy the profits from farming, livestock, and trading, and as a result, the Albanians stopped working their lands, and as a better choice they saw leaving and cultivating foreign lands. Analyzing the different European countries, Konica emphasized that an effort should be made to improve the economic branches in Albania even more and to benefit from it. Only with the improvement of trade, agriculture and livestock conditions would a country flourish and move forward, therefore, according to Konica, young Albanians had to take care and understand the needs of the homeland. This is because the progress, civilization and prosperity of a country were closely related to the development of economic branches, so this would be an impetus for young Albanians to stay more in their homeland and their contribution would be in the homeland, and not give their contribution to foreigners.

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COMVEX – Port Constanța: performanțe (2023-2024) și perspective

Author(s): Viorel Panait / Language(s): Romanian Issue: 01/2024

Comvex Constanța is signing a protocol with the Euronext grain exchange these days, through which it aims to promote the reporting of grain prices in the Black Sea area, with Comvex Constanța loading points, said Viorel Panait, general manager of Comvex, at the Capital Market Forum, organized by Financial Intelligence, on September 11.

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MODELI PREVENCIJE KRIMINALA U PROJEKTIMA OBNOVLJIVIH IZVORA ENERGIJE

Author(s): Inda Kreso / Language(s): Bosnian Issue: 1/2024

Organised crime groups, corrupt government officials, political elites, state-owned companies, and private sector companies see renewable energy power plant construction projects as business opportunities for making illegal profits and money laundering. State subsidies that support the construction of renewable energy power plants are very attractive to organised criminal groups who see an opportunity to obtain money from state budgets through corrupt actions. Through a series of irregularities in the process of building renewable energy power plants, which include non-transparent tender conditions, illegal obtaining of land concessions for the construction of power plants, falsification of environmental studies and feasibility studies, construction of power plants on unsuitable terrain, and bribing the government officials to speed up the obtaining of construction permits, criminal groups gain a monopoly over the sector of renewable energy sources, in which very large amounts of money from state budgets have been invested on a global level in the last ten years. The aim of this work is to identify models for preventive risk recognition as a tool for crime prevention in the sector of renewable energy sources through a systematic review of the available literature. Models for the preventive identification of the risk of criminal activities represent a formalised set of steps or protocols that can be used at any stage of renewable energy projects, especially in projects of the construction of renewable energy power plants, in order to mitigate and minimise the risk of committing criminal acts. Preventive risk recognition models ensure that a power plant construction project runs smoothly from start to finish without unnecessary financial losses thanks to their ability to point out all the weak points of the complete process. By early detection of vulnerabilities during the construction of renewable energy power plants, we can completely prevent the commission of crime. The literature describes 5 basic models for timely recognition of the risk of committing criminal acts, and they are: corruption risk mapping, availability of data in public registers, initiatives for improving transparency, improvement of enforcement of anti-corruption laws and penalties for corruption, and joint ownership models. In addition to these basic 5 models, a systematic review of the literature revealed that there is insufficient focus on the financial aspect of renewable energy construction projects. Due to the perceived importance of the financial component in preventing criminal activities, this paper also proposes a sixth model and expands the basic model with an additional model called "Financial assessment of renewable energy projects." The likelihood that criminal offences will occur at every stage of a renewable energy power plant project is a fundamental obstacle facing the renewable energy sector. Due to the presence of crime, a smooth transition to green energy is prevented completely, which again entails the impossibility of suppressing the use of fossil fuels. One of the main tasks of the described models, in addition to the timely detection of potential criminal activities, is to accelerate the transition to green energy and support sustainable development. By raising the awareness of the population and enabling greater transparency in the entire sector, as well as greater transparency of the construction process of renewable energy power plants, it restores trust in state institutions and power holders and improves the entire political image of the country. By increasing the transparency of processes where information is easily accessible to the public, we prevent mafia organisations and organised crime groups from financing similar projects in the hope that they will be able to launder money through investments in renewable sources.

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ANALYSIS OF THE APPLICATION OF AI IN HIGHER EDUCATION

Author(s): Elena Parnardzieva Stanoevska,Savica Dimitrieska,Andrijana Bojadzievska Danevska / Language(s): English Issue: 1/2024

Artificial intelligence is a technology that enables computer systems to simulate human intelligence. Machines can now perform tasks previously treated as exclusive to human cognitive skills. Artificial intelligence focuses on intelligent skills, such as reasoning, decision-making, performing complex tasks, generalizing, learning, creativity, learning from past experience, and discovering something new. In some areas, artificial intelligence performs tasks better, faster, more efficiently, and more productively than humans. Artificial intelligence is more successful in detail-oriented work, such as work that requires quick analysis of a large amount of data, repetitive technical work, discovery of novelties, etc. In education, there is a special interest among the academic community in the use of generative artificial intelligence, which means creating something new, based on various inputs, such as text, animation, sound, 3D models, images, and other types of data. For students, artificial intelligence is important in their study, for learning and mastering the material, research, problem-solving, logical reasoning, and using chatbots (virtual tutors) that provide real-time support. For professors, artificial intelligence is important for preparing course materials, researching, engaging, and grading students in a new way. For the latter, problems occur due to cheating, distribution of misinformation, data privacy, and security, but also lack of human interaction. This paper attempts to answer the following research questions: What is the overall state of artificial intelligence in higher education? What are the perspectives of the academic staff (professors, assistants), administrative staff, and students regarding artificial intelligence applications in higher education? What are the advantages, downsides, threats, and possibilities of using artificial intelligence in higher education? Does artificial intelligence have a future in higher education? Using both primary and secondary data, the main aim is to present the results of a primary survey conducted in 2024 among the academic community (educators and students) about their experience with artificial intelligence tools. An electronic questionnaire was distributed to Macedonian higher education institutions containing open and closed questions regarding respondents' demographic traits as well as their opinions on the research issue. Respondents came from a variety of backgrounds, and they teach or study at several faculties. Collected data are analyzed with descriptive statistics and by using strengths, weaknesses, opportunities, and threats techniques. Results shows optimistic views about the future use of artificial intelligence-powered tools in higher education. Since the research is narrowed down to investigate only the perception of artificial intelligence in Macedonian higher education institutions, it can be a useful starting point for additional international research in higher education, thereby enlarging the investigation on a global scale.

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CIVILIZATION IN TRANSITION: HOW AI AND VIRTUAL TECHNOLOGIES ARE REDEFINING THE FUTURE OF HUMAN EXPERIENCE

Author(s): Borivoje V. Baltezarević / Language(s): English Issue: 1/2024

The rapid advancements in artificial intelligence (AI) and virtual technologies are reshaping the context of human civilization, altering not only how individuals interact with the world but also how society functions at large. This paper explores the intersection of AI and virtual technologies and their impact on the future of human experience. By examining contemporary research, this study delves into key aspects of virtualization, such as augmented reality (AR), virtual reality (VR), and the broader implications of AI-driven systems in reshaping cultural, social, and economic norms. As immersive technologies become increasingly integrated into daily life, questions about identity, ethics, agency, and governance arise. We analyze how these technological advancements are redefining human experiences by facilitating more personalized, adaptive, and interconnected virtual environments. This shift challenges long-standing social structures, disrupting education, employment, and governance systems while simultaneously opening new avenues for creativity, collaboration, and self-expression. The implications of this transition raise critical questions about privacy, ethics, and control, particularly as AI becomes capable of autonomous decision-making and influencing human behavior. The paper also considers the role of AI in reshaping collective knowledge systems, examining how machine learning and data analytics are accelerating the virtualization of information and the human cognitive process. Through a multidisciplinary approach, this study addresses the intersection of technology, psychology, and sociology, offering a framework for understanding the long-term cultural and civilizational implications of AI and virtual technologies. These shifts represent not merely technological evolution but a fundamental transformation of the human condition. This paper critically examines the benefits and challenges posed by AI and virtual technologies, drawing on recent scientific literature to highlight their role in knowledge production, social connectivity, and power dynamics. Additionally, the paper investigates the ethical implications of AI’s pervasive influence, particularly in terms of autonomy and the erosion of privacy in a digital age. Ultimately, in the widest scope, the paper aspires to provide critical understanding of how AI and virtualization technologies are driving societal changes that could redefine civilization itself.

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THE IMPACT OF DIGITALIZATION ON STUDENT ASSESSMENT

Author(s): Nexhat Bajrami / Language(s): English Issue: 1/2023

In recent years, digital technologies have rapidly changed the way of education which is delivered and assessed. The integration of digital tools in the evaluation of students has become increasingly relevant and it is seen as a way to overcome the limitations of traditional evaluation methods. This study aims to evaluate the use of digital technologies in the assessment of students and to examine the advantages and challenges of this approach. The study will review existing research on the application of digital technologies in student assessment and analyze the results of these studies. The study will also identify future perspectives and challenges for the development of digital assessment in education. The findings of this study will provide valuable insights for educators, policy makers, and researchers on the effective use of digital technologies in student assessment and its impact on the education system.

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ЕВРОПЕЙСКА СИСТЕМА ЗА СЪБИРАНЕ И АНАЛИЗ НА УЕБ ДАННИ (WIH) КАТО СРЕДСТВО ЗА ПРОИЗВОДСТВО НА ЕКСПЕРИМЕНТАЛНИ ПОКАЗАТЕЛИ ОТ ОНЛАЙН ОБЯВИТЕ ЗА РАБОТА НА НАЦИОНАЛНО НИВО

Author(s): Galja Stateva,Kostadin Georgiev / Language(s): Bulgarian Issue: 2/2023

The Web Intelligence Hub (WIH) is a modern tool and part of the innovative agenda of the European Statistical System (ESS). The ambition is for WIH to become a high-quality source of web data, methodologies, and algorithms ready to be used for producing official innovative statistics at both European and national levels. The functionalities of WIH are applied through specific use cases. The subject of this article is the sole implemented and established use case - the collection and analysis of web data from online job advertisements (WIH-OJA) and the initial efforts of the National Statistical Institute’s (NSI) team to generate national experimental indicators based on data from online job advertisements within WIH. The data from OJA can be used as an additional source of information regarding requested skills for specific occupations, required levels of education, types of contracts, salary levels, and other characteristics of online job offerings. Such enriched data obviously offer an advantage over data from traditional surveys. Structural changes and labor market trends can be analyzed more timely than traditional official statistics allow.

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Решаване на икономически задачи чрез аналитичната геометрия

Author(s): Tanka Milkova / Language(s): Bulgarian Issue: 4/2024

Analytic geometry is a branch of mathematics that studies geometric objects by algebraic means. The methods of analytical geometry are a powerful tool for modelling various economic phenomena and processes. This provides an opportunity to determine optimal decisions and realize informed decisions. Here some basic statements of analytical geometry are presented theoretically and their possibilities are demonstrated to solve economic problems through specific examples on the basis of conditional data.

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NOUTĂŢI FISCALE

Author(s): Cosmin Flavius Costaş / Language(s): Romanian Issue: 1/2024

In an interview published on the European Commission's website – Directorate-General for Taxation and Customs Union, representatives of the European administration explained the new measures in force from January 1, 2024, relevant in the fight against VAT fraud in online sales.

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REVOCATION OF ADMINISTRATORS' AND MANAGERS' MANDATE IN THE CORPORATE GOVERNANCE OF ROMANIAN STATE-OWNED ENTERPRISES. A LEGAL POINT OF VIEW

Author(s): Dana-Lucia Tulai / Language(s): English Issue: 25 Special/2022

Following the fall of the Communist regime, the economies of Eastern European states entered a difficult and long transition period towards free market economy. In Romania, in particular, former socialist state-owned enterprises have been going through a privatization process, that has often been failing and incomplete. Legislative instability has only exacerbated the economic problems. However, under pressure caused by the Romanian Government's commitments to the European Union and the International Monetary Fund, corporate legislation has been gradually modernized, by the succesive amendments of the Companies Law no.31/1990, as well as the Government Emergency Ordinance no.109/2011, which introduced the concept of corporate governance of Romanian public enterprises. These regulations lay the foundations for a more transparent relationship between the state and the administration and management of these entities. This relationship is based on a mandate contract, the execution of which is often affected by trust issues between the contracting parties. Thus, the administrators and executive directors often do not comply with the objectives set by the shareholders for the enterprise, which results in their accountability, correlated with the revocation of the mandate. This termination of office involves certain juridical issues, that we shall address in our study, such as the essentially revocable nature of the mandate contract or the agent's right to damages in case of unrighteous revocation.

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JUDICIAL REVIEW OF THE DISPUTE SETTLEMENT BY THE COURT INSTITUTION BETWEEN THE FOUNDATION AND ITS MANAGEMENT

Author(s): Ida Bagus Bayu BRAHMANTYA,I Nyoman SUYATNA,Gde Rudy DEWA / Language(s): English Issue: 26/2022

The organ of the foundation legal entity runs the function of the foundation; therefore the management action should not be based on their personal matters, but supposed to be for and on the behalf of as well as under the responsibility of the foundation. The problem of the research, first, how is the dispute between the foundation and its management? Second, how is the dispute settlement between the foundation and its management by the court institution? The purpose of this research is to know the dispute between the foundation and its management during the internal conflict of the dismissal, replacement and appointment of the foundation management and the procedure of the dispute settlement between the foundation and its management by District Court Institution and the State Administrative Court. If it is found that one manager committed an act which possibly harm the foundation, then according to the agreement of the council meeting, the manager should be dismissed, this matter trigger the internal dispute in the foundation. This settlement should be resolved by filing a lawsuit from the manager who had been dismissed based on the unlawful act of the foundation. This is normative research with qualitative analysis. The summary of this research is that the settlement between the foundation and its management caused by the implementation of the foundation activities is not in accordance with the applicable laws and is not based on the implementation of the article of the association of the foundation, resulting in violation, the dispute settlement between the foundation and its management by the court institution is one of the alternative that can be used and it mentioned in the provision of the foundation, depending on the types of the dispute, the object of the dispute to be settled in front of the court.

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CURRENT CHALLENGES IN THE EUROPEAN CONSTRUCTION SECTOR: A THEORETICAL APPROACH

Author(s): Vlad Leontie / Language(s): English Issue: 26/2022

Increasing project complexity, low technological progress, extensive regulations, and market fragmentation result in low returns on capital employed in the European construction industry. Using a theoretical approach in shape of literature review and document analysis, the main challenges, which are faced by the European construction sector, have been identified and analysed. Through the main findings, the low digitalization level, the transition phase, the lack of human resources or the skills mismatch can be accounted as actual challenges, which this industry has to face. The current work could act as a starting point for the competent institutions and state organizations of the building industry in adopting the necessary measures to boost this sector`s performance.

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