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Environmental sustainability between investments needs and financing possibilities in Romania

Author

Listed:
  • Sandor SIMON

    (Tessedik Sámuel College, Bekescsaba)

  • Ana POPA
  • Laura GIURCA VASILESCU

    (University of Craiova)

Abstract

The problem of the environmental becomes pressing and they have already concerned the international, regional and national organizations. At the international level, there is a new strategy of the United Nations included in the „Millennium Development Goals“(MDG). Besides, the integrated Europe underlines the fact that the environmental investment projects should be subscribed to the cohesion policy with a lot of objectives established by the Lisbon Strategy, from March 2000, underlying the territorial dimension. The sustainable development also needs the finding of financing solutions, adequate to the market economy mechanisms. Romania started the economic reform after 1990, but there are still many deficiencies in the achievement of the correlation between the social-economic developments and environmental sustainability. First of all, in Romania, the main idea is that the environmental sustainability must be integrated into core development work, maximizing synergies. Secondly, in the market economy, the instruments used to put into practice this strategy should be built as a portfolio of public and private projects. Third, these projects need the financing funds and the good ability to access these funds.

Suggested Citation

  • Sandor SIMON & Ana POPA & Laura GIURCA VASILESCU, 2008. "Environmental sustainability between investments needs and financing possibilities in Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(8), pages 63-68, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:63-68
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    File URL: http://feaa.ucv.ro/FPV/008-10.pdf
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    More about this item

    Keywords

    environmental sustainability; investment decision; financial aid; structural funds;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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