scholarly journals TOWARDS BETTER INVOLVEMENT IN GREEN BANKING PRACTICES: EVIDENCE FROM ROMANIA

2021 ◽  
Vol 13 (1) ◽  
pp. 9-13
Author(s):  
Claudia Gabriela Baicu ◽  
Keyword(s):  
European Union ◽  
Energy Efficient ◽  
Banking System ◽  
Environmentally Friendly ◽  
Economic Recovery ◽  
The European Union ◽  
Green Products ◽  
Essential Condition ◽  
Green Finance ◽  
Green Investments

The European Green Deal has re-ignited the imperative of green finance that is called to support the European Union transition to a greener economy. Green finance becomes even more opportune in the context of the economic recovery after the COVID-19 pandemic. The aim of the paper is to explore green banking practices in the Romanian banking system. The investigation reveals the efforts of banks to be environmentally friendly and to be involved in financing of some green projects, such as the energy efficient projects. Nevertheless, the green banking products are still in the emerging stage and banks in Romania should develop their role in the field, by diversifying the range of green products and services, improving the expertise to assess green projects or intensifying the marketing initiatives to promote green products. In order to encourage banks in Romania to provide green financing several incentives should be conceived; similar to banks, the borrowers seeking green projects should be rewarded. Some mandatory requirements for banks to be involved in green investments may promote green banking in Romania. An essential condition to achieve the development of green banking in Romania is to increase awareness towards environmentally friendly behaviour at all levels.

scholarly journals Support Schemes in Renewable Energy: Commentary to Judgment of the Court (Fifth Chamber) of 13 September 2017, ENEA S.A. v. Prezes Urzędu Regulacji Energetyki

2018 ◽  
Vol 2 (1) ◽  
pp. 171-183
Author(s):  
Nevin Alija
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
European Commission ◽  
Environmentally Friendly ◽  
Preliminary Ruling ◽  
The European Union ◽  
Court Of Justice ◽  
The Supreme Court ◽  
Financial Penalty ◽  
The Eu

In its September 13th 2017 decision,1 the Court of Justice of the European Union (CJEU) decided on a request for a preliminary ruling by the Supreme Court of Poland (Sąd Najwyższy) in proceedings between ENEA S.A. (ENEA) and the president of the Urzędu Regulacji Energetyki (Office for the regulation of energy, URE) on the imposition by the latter of a financial penalty on ENEA for breach of its obligation to supply electricity produced by cogeneration. The judgment of the Court of Justice follows many decisions of the European Commission and judgments of the EU courts assessing the involvement of State resources in support schemes in energy, particularly with the aim of switching towards more environmentally friendly sources. This case reaffirms that support schemes may, in certain circumstances, fall outside the scope of the EU State aid rules.

Techno-Social Systems in the Internet as a Tool for Social Adaptation of the Visually Impaired

2019 ◽  
pp. 295-319
Author(s):  
Gennadi B. Pronchev ◽  
Inna V. Goncharova ◽  
Nadezhda G. Proncheva ◽  
Danila N. Monakhov ◽  
Irina V. Vasenina ◽  
...  
Keyword(s):  
European Union ◽  
Great Britain ◽  
Visually Impaired ◽  
Social Systems ◽  
Banking System ◽  
Social Adaptation ◽  
The Internet ◽  
The European Union ◽  
Visually Impaired People ◽  
Impaired People

The chapter deals with issues related to social adaptation of the visually impaired in techno-social systems of the internet. The current legislation providing access for visually impaired people to such techno-social systems is analyzed, as well as the way the legislation is implemented. Traditions and innovations in the field of accessibility of techno-social systems for visually impaired people in Russia are discussed. The opportunities of the electronic banking system of the European Union and Great Britain for the visually impaired are analyzed.

scholarly journals Between a Rock and a Hard Place: Preference Formation in France During the Eurozone Crisis

2019 ◽  
Vol 18 (4) ◽  
pp. 507-524 ◽  
Author(s):  
Clement Fontan ◽  
Sabine Saurugger
Keyword(s):  
European Union ◽  
Banking System ◽  
Feedback Loops ◽  
Majority Voting ◽  
The European Union ◽  
Eurozone Crisis ◽  
Structured Interviews ◽  
Preference Formation ◽  
European Union Level ◽  
Hard Place

This article analyses the causal factors underlying the formation of French preferences during the Eurozone crisis solving process (2008–2017). Going beyond the clear distinction between national preference formation and interstate bargaining of liberal intergovernmentalism, this article combines new intergovernmentalism, political economy and feedback loops to study the horizontal linkages between different actors included in the process of domestic preference formation. Based on the Economic and Monetary Union (EMU) Choices dataset, which includes semi-structured interviews conducted with French policy-makers involved in the European Union negotiations at the highest level, we will concentrate on French preference formation in four negotiations at the European Union level: the 3 May 2010 agreement on bilateral loans to Greece, the initial capitalisation amount of the European Stability Mechanism, the negotiations on the legal nature of the ‘debt-brake’ included in the Treaty on Stability, Coordination and Governance and the reverse qualified majority voting procedure. The article shows that confidential and restricted administrative networks played a central role in reducing the uncertainty stemming from the fragile financial positions of the hypertrophied domestic banking system. At the same time, French negotiators find themselves between a rock and a hard place during negotiations at the European Union level, not crossing the red line fixed by Germany, on the one hand, and ensuring that policy solutions are compatible with governmental political stance and domestic economic interests, on the other hand. Contrary to recent research pointing out to the increasing influence of domestic public opinion on national preference formation, however, feedback loops between the outcome of the crisis solving process and French politics and policies had very little impact.

scholarly journals Tackling COVID-19 Disinformation: Internal and External Challenges for the European Union

2020 ◽  
Vol 15 (4) ◽  
pp. 569-582
Author(s):  
Sophie L. Vériter ◽  
Corneliu Bjola ◽  
Joachim A. Koops
Keyword(s):  
European Union ◽  
Toxic Effect ◽  
Public Diplomacy ◽  
Economic Recovery ◽  
The European Union ◽  
Global Community ◽  
Conspiracy Theories ◽  
The Public ◽  
External Sources ◽  
European Health

Summary The corona crisis is also a disinformation crisis for the global community in general, and for the European Union (EU) in particular. What is less clear is how adequate the EU’s response to the ‘infodemic’ has been. This essay exposes the dangers of disinformation for the EU, which have intensified in the context of the COVID-19 pandemic, and reviews relevant EU responses. It then zooms in on two challenges exacerbated by the corona crisis: one internal, revolving around the toxic effect of conspiracy theories, particularly the corona-5G hoax; and one external, relating to the public diplomacy campaigns of competing geopolitical actors, especially China. The essay argues that the future of European stability will rest not only on ensuring societal resilience to disinformation and conspiracy theories but also on designing ethically guided pre-emptive mechanisms and confronting external sources of disinformation which jeopardise European health provisions, economic recovery and geoeconomic strength.

scholarly journals THE MOLDOVAN BANK FRAUD (2012-2015). A process tracing analysis of the Moldovan $1 billion money laundering

2020 ◽  
pp. 96-107
Keyword(s):  
European Union ◽  
Money Laundering ◽  
Secondary Analysis ◽  
Banking System ◽  
The European Union ◽  
Eu Membership ◽  
The Difference ◽  
The Republic ◽  
The Stability ◽  
The Eu

In the 2012-2015 period, $1 billion have been stolen from three Moldovan banks, which is the equivalent of 12% of the country’s GDP. The highly fraudulent environment in the RM allowed for the successful application of fraudulent schemes for three years, without it being seized and frozen. This paper seeks to decipher the schemes that were applied as well as argue how the integration into the European Union would have lowered the corruption and thereby prevent the fraud from happening. Even though several scholars discussed the bank fraud and how it affected the relationship between Moldova and the EU, they do not address how the steps of integration into the European Union could gradually regulate the level of corruption in the RM and subsequently eliminate the possible methods of committing the bank fraud. Through a comparative analysis of Romania and the Republic of Moldova, I aim to demonstrate that the difference between the level of corruption and the stability of the banking system in these two countries is due to EU membership. Further, through secondary analysis of qualitative data, and semi-constructed interviews, I conclude that, in theory, my argument holds – the instruments the EU applies on the candidate countries would not have allowed the fraudulent schemes to be put into action. However, the EU failed to apply the conditionality concept on Romania and thus, it is possible that the money laundering in the RM could have happened even if it had been a member of the EU.

scholarly journals METHODOLOGY OF ENVIRONMENTALLY FRIENDLY LAND USE REGULATION

2021 ◽  
Author(s):  
Hanna Yekel
Keyword(s):  
Land Use ◽  
European Union ◽  
Environmentally Friendly ◽  
Business Development ◽  
The European Union ◽  
Sales Channels ◽  
Social Sphere ◽  
The Social ◽  
Manufactured Products

The article presents the methodology of regulation of environmentally friendly land use. We found that the methodology for regulating environmentally friendly land use will include several levels: international legislation, state regulation, the level of integrated structures, agricultural enterprises. A number of tasks to be solved by the methodology of regulating ecologically safe land use have been identified. It is established that the methodology of agroeconomic research of regulation of ecologically safe land use will include: assessment of natural and ecological properties of land use, economic, technological and social components. In the current conditions of making, a profit is not the only and ultimate goal of the producer. Much more important today is the preservation of the natural environment and the development of the social sphere. In order to integrate into the trade space of the European Union, the manufacturer must think about the quality of manufactured products. It is under such conditions that the production of environmentally friendly products began. For effective business development in the field of this business, it is necessary to establish relations with local authorities and develop a regulatory framework that will contribute to the formation of effective sales channels and promotion of products among the population. In the current conditions of making a profit is not the only and ultimate goal of the producer. Much more important today is the preservation of the natural environment and the development of the social sphere. In order to integrate into the trade space of the European Union, the manufacturer must think about the quality of manufactured products. It is under such conditions that the production of environmentally friendly products began. For effective business development in the field of this business, it is necessary to establish relations with local authorities and develop a regulatory framework that will contribute to the formation of effective sales channels and promotion of products among the population. The methodology of regulation of environmentally friendly land use should solve the following tasks.

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