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Lucian Blaga1895 - 1961

DEAN’S“LUCIAN BLAGA” UNIVERISTY OF SIBIU

University of Cluj, where a special chair of Philosophy of Culture was founded for him in ac-knowledgment of his activity as an intellectual. His philosophical thinking was set forth in fourtrilogies: The Trilogy of Knowledge, The Trilogy of Culture, The Trilogy of Values and TheCosmological Trilogy. In his metaphysical system, emphasis is laid on the ontological andcosmological problem, as well as on the gnoseological pursuit.

The vision of the philosopher was shared by the poet, whose lyrical works evince the influ-ence of German expressionism. Blaga’s expressionism has a distinct Romanian flavour thatis revealed by the investigation of traditional latencies. His lyrical works, collected in volumessuch as Poems of Light, The Prophet’s Steps, In the Great Transition, Praise of Sleep, displaya concern with the morphology of the miracle.

The same concern with miracle is noticeable in his dramatic works, which are regarded as atheatre of ideas. His plays deal with history and nationalism, with religious and mythical sub-jects which blend with Romanian folk beliefs. His best-known play – “The Master BuilderManole” – tackles a fundamental Romanian myth, that of the sacrifice necessary for creation.

But if our folk genius appealed to Blaga, world genius also fascinated him. His translationsfrom great poets of the world, including Goethe’s masterpiece – “Faust”, bear testimony tohis versatility as a writer.

Blaga died in 1961 (aged 66), at a time when his creative power was still far from being ex-hausted. His premature death was the unavoidable denouement of the long years of perse-cution by the Communist regime, which turned Blaga into a social outcast.

12 May 1995 is a memorable day in the history of “Lucian Blaga” University of Sibiu, due tothe fact that it was the day when the University was given the name of the greatest creativepersonality of the 20th century: Lucian Blaga. He was born near Sibiu (on May 9, 1895 inLancrăm, Alba county), but he lived in Sibiu during his theological studies (1914-1917).

In Romanian culture, Lucian Blaga stands out as the greatest cre-ative personality of the 20 th century. His work as a poet, philoso-pher, essayist, playwright and translator of poetry – is a synthesis ofgreat originality. He represents a profound ethical inspiration nour-ished by an amazing openness towards the various aspects of thehuman mind: philosophy and science, history and religion and,above all, the complex and controversial field of art.

Lucian Blaga was born in the village of Lancrăm (Alba County) inthe centre of Transylvania. He was educated at Sibiu and Braşovand studied theology in Vienna. After a period of almost seven yearsas diplomat in Berne and Lisbon, he was appointed professor at the

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The Faculty of Economic Sciences

DEANProf. Liviu Mih\escu Ph.D.

As a continuation of a long cultural and economic tradition within an ancient region in Romania, Lucian Blaga University in Sibiu had a remarkable and good balance and had chosen the setting up of an economic profile at first and afterwards for its development bothquantitatively and qualitatively.

The Faculty of Economics has appeared relatively recently within the Sibiu Academic environment as a distinctive entity and had in view an evolution characterized by novelty, dynamism, strictness and quality in complete accordance with the higher demands of the national and European academic environments.

With a generous, attractive and flexible educational offer, through the education at a highlevel, the Faculty of Economics complies with the present and future demands and exigenciesof the Romanian economy and society.

Promoting high education curricula for training up to well known national and international academic institutions, in accordance with the present high demands of Romanian integration within the famous family of the European democratic and prosperous countries, the Faculty of Economics aims towards an enlargement where the coordinatesmust be the value, the initiative, the incentive, the responsibility and competency.

Sibiu’s higher education system dates back to the early 18th century, when high level classes wereinitiated within the Theological School. The year 1786 marked the beginning of higher education inSibiu. The theological and pedagogical schools were followed in 1855 by the Law Academy, set up bythe German population. In 1887 the Academy of Sibiu was disbanded, and it continued its activity inBudapest.

Sibiu’s higher education saw a new beginning in 1940, when the University of Cluj-Napoca was forcedto seek refuge here, as a result of the Vienna dictate, through which northern Transylvania wasrelinquished to Hungary. A quarter of a century later, in 1969, the History Faculty of Sibiu wasestablished as a branch of the University of Cluj. In 1971, the Faculty turned into the Faculty of Philologyand History. In the same year the Faculty of Public Administration was set up, with a curriculum whichwas unique in the country. The next year meant the foundation of a new faculty, the Faculty of WoodProcessing, functioning as a branch of the Brasov University.

The year 1976 marked the establishment of Sibiu’s first autonomous institute of higher education,which comprised the following faculties: Philology and History, Economic and Administrative Law, andMechanical Engineering. The dictator regime of the 80’s gradually wound up the activity of the Facultyof Philology and History and that of the Faculty of Public Administration, until they disappearedcompletely. The Faculty of Mechanical Engineering was the only one to continue its activity as an Instituteof Sub-Engineering, a division of the Polytechnic Institute of Cluj-Napoca.

Following the revolution of December 1989, on 5 March 1990 the Ministry of National Educationdecreed the foundation of the University of Sibiu, which comprised five faculties: the Faculty of Letters,History and Law, the Faculty of Medicine, the Faculty of Textile and Food Technology, the Faculty ofEngineering and the Faculty of Sciences.

As regards the higher economic education, this was briefly present in Sibiu as part of the Faculty ofPublic Administration (1971-1974), which trained economists for the central and local publicadministration. This historical detail represented an incentive for the re-establishment of this field ofstudy in 1991, together with other arguments such as: the existence of a long tradition of universityeducation in Sibiu; the cultural character par excellence of the Sibiu area; the existence of a diversifiedeconomic, social and cultural activity, which could offer internship opportunities for students andencourage graduates’ integration into the labour market; Sibiu’s long tradition in tourism and itspotential for development as a result of environmental and geographical factors, of the variety andbeauty of the landscape, of its industrial and cultural development, of its ethnography, customs,historical and architectural monuments.

Starting from these premises, in 1991 the first economic module, with a specialization in Tourismand Services, was set up at “Lucian Blaga” University of Sibiu, as part of the Faculty of Sciences. Thisfirst step was the result of the determination and ambition of professors Ioan Cosmescu, Ştefan Mârza,and Dan Popescu, who fully committed themselves to this goal, dedicating their entire efforts to itsachievement. Other prestigious personalities from the academic (Dumitru Ciocoi Pop, ConstantinOprean, Ioan Vesa, Gheorghe Stoica, Rudolf Dotz, Hermina Dotz, Nicolae Todericiu, Constantin ŢăranMoroşan, Alexandru Hudiţean, Alexandru Grad, Ioan Bogdan, Iacob Catoiu, Vasile Glăvan) and business(Nicolae Dădârlat, Cornel Mitrea) environment had a special contribution towards supporting theeconomic field within the University of Sibiu.

The emergence, development and establishment of the economic field of study within Sibiu’s highereducation system is a natural consequence of an objective reality regarding both the present and thefuture development of this representative region of the country. During the 1991-2002 period, thehigher economic education of Sibiu developed in keeping with the requirements of an economy whichwas restructuring, modernizing and opening to the outside.

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ECONOMIC FIELD OF STUDY“LUCIAN BLAGA” UNIVERISTY OF SIBIU

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The Faculty of Economic Sciences was set up in 2002, with the mission to provide the highest qualityof educational services in the economic field, to form and develop the professional skills of futureeconomists and further the specialized knowledge of economic professionals. To this end, theacademic staff is fully committed to training bachelors, masters and doctors of economic sciences, soas to help them enter an increasingly competitive labour market and integrate into an ever moredemanding society. Our overall objective is the acquisition of solid specialist training by all thoseattending one of the Faculty’s specializations.

The Faculty of Economic Sciences is part of the “Lucian Blaga” University of Sibiu, together withother eight faculties (the Faculty of Theology, the Faculty of Law, the Faculty of Letters and Arts, theFaculty of Social Sciences, the Faculty of Engineering, the Faculty of Medicine, the Faculty of Sciences,the Faculty of Agricultural Sciences, Food Industry and Environmental Protection) and three specializeddepartments (the Department of Protestant Theology, the Department for Distance Learning, theDepartment for Teacher Training). At present the university has over 20,000 enrolled students, morethan 6,000 of whom attend our faculty’s courses. The attractive educational offer, the high numberand quality of our students and the modern facilities are strong points of the Faculty of EconomicSciences, an important component in the structure of the Sibiu University.

The Faculty of Economic Sciences is firmly rooted into the University’s educational and researchsystem, evidence of this being, among others, the excellent relations it maintains with other facultiesthrough joint projects, mixed research teams, cross-curricular teaching, academic exchanges,collaboration at doctoral level, etc. These relations are materialized into outstanding results, whichhave contributed significantly towards an increased quality of higher education in Sibiu.

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ECONOMIC PROFILE“LUCIAN BLAGA” UNIVERISTY OF SIBIU

Academic management

Between 1991 and 2002, the economic school at the “Lucian Blaga” University of Sibiu wasorganized as a department within the Faculty of Sciences. During this period, the organizational,scientific and professional management of the Department of Economic Sciences was carried out by:

• 1991-1994- Assoc. Prof. Ioan Cosmescu, Ph.D.

• 1995- Prof. Dan Popescu, Ph.D.

• 1995-1996- Prof. Stefan Marza, Ph.D.

• 1996-2000- Prof. Ioan Bogdan, Ph.D.

• 2000-2002- Assoc. Prof. Nicolae Baltes, Ph.D.

Between 1995 and 2002, teachers from the economic field were directly involved in themanagement of the Faculty of Sciences as follows:

• 1995-1996- Vice-dean- Faculty of Sciences- Prof. Dan Popescu, Ph.D.

• 1996-2000- Dean- Faculty of Sciences- Prof. Dan Popescu, Ph.D.

• 1996-2000- Scientific Secretary- Faculty of Sciences- Assoc. Prof. Ioan Cosmescu, Ph.D.

• 2000-2002- Scientific Secretary- Faculty of Sciences- Assoc. Prof. Sorin Burnete, Ph.D.

As a vice-rector of the “Lucian Blaga” University of Sibiu between 2002 and 2008, professor DanPopescu contributed significantly towards the consolidation of the economic field of study.

Since the establishment of the Faculty of Economic Sciences in 2002, its management has beenperformed by:

2002-2004

• Dean- Prof. Silviu Crisan, Ph.D.

• Scientific Secretary- Assoc. Prof. Carmen Comaniciu, Ph.D.

• Head of Department 1- Assoc. Prof. Silvia Marginean, Ph.D.

• Head of Department 2- Prof. Sorin Burnete, Ph.D.

• Head of Department 3- Prof. Nicolae Baltes, Ph.D.

• Administration manager- Assist. Prof. Mihaela Herciu, Ph.D.

2004-2008

• Dean- Prof. Silviu Crisan, Ph.D.

• Vice-dean- Assoc. Prof. Carmen Comaniciu, Ph.D.

• Vice-dean- Assoc. Prof. Ilie Rotariu, Ph.D.

• Scientific Secretary- Assoc. Prof. Ramona Toma, Ph.D.


• Head of Department 2- Assoc. Prof. Claudia Ogrean, Ph.D.

• Head of Department 3- Assoc. Prof. Nicolae Esanu, Ph.D.

• Administration manager- Assoc. Prof. Mihaela Herciu, Ph.D.

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2008-2012

• Dean- Prof. Carmen Comaniciu, Ph.D.

• Vice-dean- Prof. Sorin Burnete, Ph.D.

• Vice-dean- Prof. Emanoil Muscalu, Ph.D.

• Vice-dean- Assoc. Prof. Cristina Tanasescu, Ph.D.

• Scientific Secretary- Assoc. Prof. Ramona Toma, Ph.D.



• Head of Department 3- Assoc. Prof. Nicolae Esanu, Ph.D.

2012-present

• Dean- Prof. Liviu Mihaescu, Ph.D.

• Vice-dean- Prof. Emanoil Muscalu, Ph.D.

• Vice-dean Assoc. Prof. Nicolae Petria Ph.D.

• Vice-dean- Assoc. Prof. Razvan Serbu, Ph.D.

• Vice-dean- Assist. Prof. Bogdan Marza, Ph.D.


• Head of Department 2- Assoc. Prof. Mihaela Herciu, Ph.D.

The Faculty of Economic Sciences thanks the management of the “Lucian Blaga” University of Sibiufor the support received in diversifying and reaching its objectives.

The University’s current management team includes:

• Rector- Prof. Ioan Bondrea, Ph.D.

• Vice-rector- Prof. Livia Ilie, Ph.D.

• Vice-rector- Prof. Claudiu V. Kifor, Ph.D.

• Vice-rector- Prof. Mioara Boncut, Ph.D.

• Vice-rector- Assoc. Prof. Ioan Marian Tiplic, Ph.D.

• Administration manager- Econ. Vasile Motoc

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EDUCATIONALOFFER

The University of Sibiu has undergone a process of dynamic adaptation to new conditions, thusmeeting the challenges faced by the Romanian higher education system in the early 90s. In thiscontext, the year 1991 saw the setting up of the first economic specialization, Tourism and Services.

During its 20 years of existence, the economic field of study has experienced a continuous growth,both as regards its portfolio of specializations, and as regards its students, academic staff,organizational structures and financial, material and informational resources.

Prior to the implementation of the Bologna system, the adaptation of study programs to thedemands of the market and to the legislative changes involved alterations in the duration of studies(5 years/ 4 years) and in the name of some specializations, as well as the transformation of others.The specializations taught in our faculty in that period were: Tourism and Services; Commerce; Financeand Insurance; Finance and Banks; Economics of Trade, Tourism and Services; Accounting andManagement Informatics; Management.

The first master’s program in the economic field began in 2001, with a specialization in theInternational Integration of Tourism and Services. This program capitalized on the experience gainedfrom the first economic major, its overall objective being to offer students advanced specialist trainingin this area.

The consolidation of the economic field of study led to the foundation in 2002 of the Faculty ofEconomic Sciences. The Faculty’s strategy was mainly focused on the diversification of its postgraduateprograms, so as to provide training continuity to economic graduates, and offer specialist economictraining to non-economists.

As a confirmation of both its experience and its potential for development, our faculty obtainedthe accreditation for six new master’s programs which ran successfully until the implementation ofthe Bologna system: the Economics and Management of Multinational Companies; Management andMarketing Strategies and Policies of the Firm; Business Communication and Corporate PublicRelations; the Financial Management of the Organization; Financial and Banking Strategies andPolicies in the EU; European Economic Strategies and Policies.

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Romania’s choice regarding its integration into the European Union has led to a reform processmeant to help it integrate into the European Space for Higher Education and promote the Europeaneducational system at an international level, as stated in the Bologna Declaration.

In this context, starting with 2005, the Faculty’s educational offer has included bachelor’s, master’sand doctoral programs in the following fields: Business Administration, Finance, Accounting,Management, Economics, Economics and International Business, Marketing, Cybernetics, Statisticsand Economic Informatics.

Doctoral studies in economic sciences have been integrated into the educational offer of the SibiuUniversity starting with 1996, when the right was obtained to organize such studies in the fields ofEconomics and Management, and starting with 1999 in that of Finance.

The 10 Bologna master’s programs offered at present by the Faculty of Economic Sciences in thefields of Business Administration, Finance, Accounting, and Management have resulted from thetransformation of the 3 semester programs previously offered, and the setting up of newspecializations meant as a continuation of undergraduate studies. Most of these programs aretargeted at bachelors of economic sciences, while the master’s program in Management (both inRomanian and in English) is targeted at non-economists.

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EDUCATIONALOFFER

Main field of study Level Specialization

Business Administration

Bachelor Economics of Trade, Tourism and Services

Master

International Business ManagementBusiness Administration in Tourism and ServicesBusiness Communication and Corporate Public RelationsManagement and Marketing Strategies and Policies of the Firm

Finance

Bachelor Finance and Banks

MasterStock Exchanges and InsuranceFinanceBanks

Doctoral Finance

AccountingBachelor Accounting and Management Informatics

Master Accounting Expertise and Audit

Management

Bachelor Management

Master Business Management (MBA)Business Management (in English)

Doctoral Management

EconomicsBachelor General Economics

Doctoral Economics

Economics and International Business Bachelor International Business

Marketing Bachelor Marketing

Cybernetics, Statistics and Economic Informatics Bachelor Economic Informatics

At present, the educational offer of the Faculty of Economic Sciences is the following:

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In the future, the Faculty of Economic Sciences plans to consolidate its existing programs anddiversify its foreign language lines, in order to increase the attractiveness of its programs and adaptto the trends of integration into the European and global system of higher education.

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UNDERGRADUATE AND POSTGRADUATESTUDENTS

The Faculty of Economic Sciences aims at designing an educational and research process meant toform highly trained specialists in the economic field, specialists whose knowledge and skills arecompatible with the European and international requirements of proficiency.

Between 1991-2012, the higher economic education of Sibiu recorded an impressive developmentthrough the establishment of new specializations, the restructuring of the curricula on the principlesof the Bologna system, and last but not least, the expansion of the academic staff, recruited bothfrom the ranks of its graduates and from those of specialists outside the university. If in 1991 only 26undergraduate students of economics took part in the opening ceremony of the academic year at“Lucian Blaga” University of Sibiu, in the fall of 2010 the Faculty of Economic Sciences opened itsgates to over 5,000 bachelor and master students, enrolled in both full-time and distance learningprograms.

What has made such a large number of young high-school graduates choose our faculty?Undoubtedly, the answer resides in the broad perspectives offered by the economic education ingeneral and its strong interrelations to Romania’s economic realities, but also in the potential offeredby our faculty, well integrated into the local economy and committed to the economic developmentof the Sibiu area. Through its close connections to the business environment and to institutions bothfrom the Sibiu area and from the rest of the country, the Faculty of Economic Sciences provides itsstudents not only with a level of training which is well adapted to the demands of the labour market,but also with increased career opportunities. To these we can add other advantages derived from thehigh standard of its activity and from the solid recognition our faculty enjoys within Romania’seducational system: a high number of ARACIS accredited specializations, the national andinternational recognition of its programs, scholarships in European universities, merit scholarships,proficiency scholarships, support in the research activity, boarding conditions in the university’sdormitories.

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The professional and scientific events involving our students have brought us great joy, especiallydue to the prizes and distinctions garnered. Among the most noteworthy ones we can mention:

• Honourable Mention at the second edition of the National Student Olympiad of Economics,the section “The complexity of economic systems and crisis management”- 2007- Ilie Banu, ElenaNistor;

• Second Prize at the National Student Olympiad of Economics, 3rd edition, section “Publicadministration and durable development”-2008- Emilia Crişan, Magdalena Iliuţ.

• Honourable Mention at the National Student Olympiad of Economics, section “Economy anddurable development”- 2009- Alina Anghel, Simona Aleman;

• “Adrian Petelean” Special Prize at the National Student Olympiad of Economics, section“Management”-2010- Alexandra Onişor, Alexandra Niţa;

• BRD- Group Societe Generale Scholarship for Outstanding Academic Performance- 2006-Ionela Enescu, 2007- Diana Fratile, 2008- Liliana Bunescu, 2009- Roxana Lazar, 2010- Andreea Bleoca;

• First Prize and Second Prize at the “Sibex Trophy 2010” futures trading contest, organized bythe Sibiu Monetary, Financial and Commodity Exchange and SSIF Tradeville Bucharest-2010- AndraHaneş, Anca Adelina Dobrilă;

• First Prize for the best business plan in the “Le Mot d’Or” contest organized under thepatronage of the General Delegation of France and the International Organization of Francophony-2007- Camelia Lazăr, 2008- Georgiana Cristina Popa, 2010- Diana Muşat;

• Diploma of Merit for Scientific Research and Artistic Creation awarded by the “Lucian Blaga”University of Sibiu-2007- Ilie Banu;

• Second Prize at the International Student Session of Scientific Papers, organized by the Facultyof Business, “Babes Bolyai” University of Cluj Napoca-2009- Liliana Bunescu;

• Third Prize at the International Scientific Conference IECS 2009, section “Students”, organizedby the Faculty of Economic Sciences, “Lucian Blaga” University of Sibiu- 2009- Simona Aleman, AlinaAnghel;

• Third Prize at the Student International Conference “New Economic Challenges”, organized bythe “Babes Bolyai” University of Cluj Napoca-2010- Ana Maria Bondrea;

• First Prize at the International Scientific Conference IECS 2010, section “Students”, organizedby the Faculty of Economic Sciences, “Lucian Blaga” University of Sibiu- 2010- Alexandru Govoreanu,Andreea Mora, Anca Şerban;

• Master’s Scholarship granted by the government of France within the Research Laboratory ofCachan (Paris)- 2004- Valeriu Cîndea;

• Eiffel Excellence Scholarship granted by the French Ministry of Foreign Affairs for the fundingof MA studies at the Faculty of Economic Sciences, University of Rennes 1, France-2006- Ionela Enescu;etc

• The greatest award, first prise “Dionisie Pop Marțian”, Cristina Bărbulescu and Ioana CălinEconomic Students National Olimpics 2012.

• The greatest award, first prise, for MASTER in management, Şerban Anca and Mora Andreea,Economic Students National Olimpics 2012, organized by Bogan-Voda University of Cluj.

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GRADUATES

As a result of its spectacular development over the past two decades, the economic school of Sibiuhas managed to produce an impressive body of graduates, which is not only several times morenumerous than it was in the beginning years, but also more diversified in terms of specializationsattended. This outstanding achievement is a result of the continuous improvement in the selectionof candidates, but also of the efforts made by the university management to increase the quality ofits educational process.

The Faculty of Economic Sciences prides itself in its graduates. They are part of the thousands ofspecialists formed in Romanian and foreign universities, who work in Romania and contributesignificantly towards the economic development of the country, especially that of the central regionand of the Sibiu county. The growth in the number of economic graduates reflects, on the one hand,our faculty’s substantial academic resources, and on the other hand, the strong development of theSibiu county, mainly over the past ten years, a situation which makes the economist’s job one of themost demanded professional categories. This situation is confirmed by the relatively large numberof graduates (over 65%) from our faculty who have found a job in their main field of study.

Graduates from the Faculty of Economic Sciences have always enjoyed the support and confidenceof employers in the Sibiu county, who have warmly welcomed them since the very first graduationclasses. We are confident that their expectations have not been betrayed, and that the results thesecompanies have achieved over the years are partly due to the contribution of employees coming fromthe ranks of our graduates, regardless of the position they have held or are holding.

Evolution of the number of economic graduates from bachelor’s programs, full-time education

Finance and Banks (2006-2010)

International Business (2008-2010)

Management (2006-2010)

Marketing (2010)

Accounting and Management Informatics(2006-2010)

Economic Informatics (2009-2010)

General Economics (2008-2010)

Economics of Trade, Tourism andServices (2006-2010)

Finance and Insurance (2001-2005)

Commerce (1999-2005)

Tourism and Services (1996-2005)

1996

500

450

400

1997

1998

1999

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2008

350

250

300

150

100

50

0

200

1996-1997- 5 year program graduates1997-2008- 4 year program graduates1998-2010- 3 year program graduates

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Evolution of the number of economic graduates from master’s programs, full-time education and distance learning

Starting with the year 2003, our master’s programs have offered the labour market their firstgraduates and with them a high level of training and a broad range of competencies. Thespecializations offered by these programs have satisfied both the vocation of our graduates and therequirements imposed by the labour market.

Banks

Finance

Stock Exchanges and Insurance

Business Administration in Tourism and Services

International Business Administration

EU Financial and Banking Policies and Strategies

Corporate Financial Management

Business Communication and Public Relations

Management and Marketing Strategies andPolicies of the FirmEuropean Economic Strategies and Policies

Economics and Management of MultinationalCompanies

International Integration of Tourism and Services

Economics of Trade, Tourismand Services (2007-2010)

Accounting and ManagementInformatics (2007-2010)

Management (2008-2010)

Finance and Banks (2007-2010)

Graph: Evolution of the number of economic graduates frombachelor’s programs, distance learning

2007

2008

2008

2009

2010

1200

1000

800

600

400

200

0

600

500

400

300

200

100

0

2003

2004

2005

2006

2007

2008

2009

2010

1997-2008- 4 year program graduates1998-2010- 3 year program graduates

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ALUMNI

Not only does the Faculty of Economic Sciences appreciate its graduates, but it also tries to keepthem close through a system of permanent communication. An important role in reaching this goalis played by the Alumni Association of the Faculty of Economic Sciences, with a website at(http://economice.ulbsibiu.ro/alumni) since 2010. The association is open to the participation of allour faculty graduates. Its purpose is to develop an active partnership between all graduates,regardless of their year of graduation, form of education, specialization, etc. as well as between theseon the one hand and students, teachers and former teachers on the other. This partnership contributestowards maintaining a permanent and fruitful relation between professionals and the academicenvironment, and implicitly towards institutional progress and a higher prestige of the Sibiu Facultyof Economic Sciences.

On the 20th anniversary of the Sibiu economic school, nothing could better render its place in thehearts of its graduates than the very thoughts of some of them, marked not only by the emotion ofmemories from student years, but more than anything else by feelings of gratitude.

Here are some of these thoughts, as they were expressed on different occasions:

“It is here that I felt, most powerfully, the beginning of ever more complex responsibilities doubledby the need for personal development...” (Iulian Gheorghe, manager at Citibank, Romania- Sibiusubsidiary)

“... why has the Faculty of Economic Sciences formed and helped me? Because during college yearsI started to understand the mystery of entrepreneurship, of finance and banks, of organizationalcompetencies, but I also had the privilege to write and publish articles in journals and magazines...”(Ilie Banu, marketing specialist at Carpatica Bank)

“Under the careful guidance of professional and open-minded teachers, I received not only trainingduring my student years, but also a model of thinking and an opening of our perspectives as futurebusiness people.” (Elena-Cristina Neamţu, economist at the Sibiu Stock and Commodity Exchange)

“I would gladly live again the experience of these years without changing anything. When Iremember the teachers I had, I can speak not only of mere tutors, because some of them managedto be more than that, namely friends, parents, models.” (Roxana Andreea Iacob, economist atEuromeca)

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“The Faculty of Economic Sciences has given me the opportunity to experiment very many things,but what is most important for me is that this faculty has given me a way of thinking... I learnedwhere, how and when to search for the information I needed.” (Sorin Terchilă, economist at SBSBroadcasting Media)

“Although there have been many years since I had the pleasure of being the student of this faculty,I can gladly say that for me, the student years were a chance to acquire a rich body of knowledge, tolearn new things and to start making a way in life.” (Roxana Troancă, SME credit manager, CarpaticaBank)

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DOCTORALSTUDIES

Ph.D. advisors in the main field of “Economic Sciences”

Doctoral field Ph.D. advisor

Economics Prof. Dan Popescu, Ph.D.

Prof. Anatolie Caraganciu, Ph.D.Prof. Ileana Tache, Ph.D.

Management

Prof. Ioan Bogdan, Ph.D.Prof. Ion Petrescu, Ph.D.

Prof. Ioan Constantin Dima, Ph.D.Prof. Doina Banciu, Ph.D.

Prof. Danuţ Dumitraşcu, Ph.D.Prof. Emanoil Muscalu, Ph.D.

Finance

Prof. Mariana Negruş, Ph.D.Prof. Elena Drăgoescu, Ph.D.

Prof. Aristotel Mihai Ungureanu, Ph.D.Prof. Nicolae Balteş, Ph.D.

The doctoral program represents a higher level of university education, its overall objective beingto further knowledge through original scientific research.

At the “Lucian Blaga” University of Sibiu, the mission of the doctoral program in the fundamentalfield of Economic Sciences (founded in 1996) is to achieve excellence in fundamental and appliedeconomic research.

Within the fundamental field of “Economic Sciences” the doctoral fields currently offered by theEconomic Doctoral School of Sibiu are the following: Economics, Management and Finance.

From the total of the university’s Ph.D. advisors, around 17% are represented by Ph.D. advisors inthe economic field of study.

During years, the Ph.D. advisors have made serious efforts to attract the best researchers to theDoctoral School of Economic Sciences, both from within and from outside the university. The “LucianBlaga” University of Sibiu, and the Faculty of Economic Sciences in particular offer them their gratitudefor their valuable contribution to the development of the economic school of Sibiu, through thetraining of valuable academic staff, well adapted to the realities of the third millennium, as well asof highly skilled specialists working in different institutions of the Romanian economy.

From the very beginning of the doctoral school in the fundamental field of “Economic Sciences”,the Faculty has constantly supported the development of Ph.D. studies, evidence of this being theconstant increase in the number of doctoral titles conferred every year. So far, 197 such titles havebeen awarded in this fundamental field, divided between different sub-fields as follows: 96 titles(48%) in the field of Management, 59 titles (30%) in the field of Economics, 35 titles (18%) in thefield of Finance and 7 titles (4%) in the field of Cybernetics and Statistics.

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The doctoral research conducted at the Faculty of Economic Sciences of Sibiu is a complex processinvolving both young researchers and experienced ones. All of them endeavour to give the studiedtopics a character of novelty, so as to obtain results which will be real benchmarks in the developmentof economic sciences.

At present, the distribution of Ph.D. students across the fundamental field of “Economic Sciences”is the following: the highest proportion, i.e. 49% , are enrolled in the field of Management, followedby those studying in the field of Finance and Economics with roughly equal proportions (27% and24% respectively).

Evolution of the number of Ph.D. titles awarded in the fundamental field of Economic Sciences

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DOCTORHONORIS CAUSA

The title of Doctor Honoris Causa represents the highest honorific degree conferred by theUniversity’s Senate to people with remarkable contributions in the field of science, technology, culture,art, or to outstanding personalities in the scientific or public life who have special merits to theuniversity.

At the proposal of the Faculty of Economic Sciences, the University of Sibiu has expressed its respect,gratitude and admiration for the scientific achievements of outstanding personalities from theacademic, economic and social environment, by awarding them the title of Doctor Honoris Causa ofthe “Lucian Blaga” University of Sibiu:

• April 1996- Acad. Prof. Nicolae N. Constantinescu, Ph.D.

• May 2003- Prof. Rober Labbe, Ph.D. - University of Rennes 1 IUT-GEA, France

• May 2007- Prof. Ioan Bogdan, Ph.D. - “Lucian Blaga” University of Sibiu

• June 2007- Prof. Ion Petrescu, Ph.D. - “Lucian Blaga” University of Sibiu

• January 2009- Prof. Grigore Belostecinic, Ph.D.- Academy of Economic Studies of Moldova

• March 2012- Prof. Iacob Catoiu, Ph.D. - The Bucharest University of Economic Studies

• March 2012- Prof. Ioan Franc Valeriu, Ph.D. - The Institute of National Economy

A prestigious representative of Romanian economic thought, and one of Romania’s greatest 20thcentury economics professors, the parent of the discipline of Economic History in Romania's highereconomic education, a true scholar...these are just some of the reasons which have led our universityto award the title of Doctor Honoris Causa to professor N.N. Constantinescu.

The high professionalism of the teachers and managers Ioan Bogdan and Ion Petrescu, foundersof the modern management school in Romania, as well as the value of their scientific works are themain elements based on which the “Lucian Blaga” University of Sibiu has conferred them the title ofDoctor Honoris Causa.

Among the international relations established by the University of Sibiu, a special place is held bythe University of Rennes, France and the Academy of Economic Studies of Moldova. The collaborationagreements with these institutions have proven to be both operational and functional, havingmaterialized into student and teacher exchanges, in the organization of joint scientific events, in therunning of joint research projects and programs.

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Based on these highly valuable professional and scientific cooperation programs, as well as on theacademic prestige of those involved, the “Lucian Blaga” University of Sibiu has conferred the DoctorHonoris Causa title to professor Robert Labbe- Director of IUT de Rennes, France and to professorGrigore Belostecinic- rector of AESM Chisinau. The distinguished professors’ willingness to enter Sibiu’sacademic community testifies to increasingly stronger relations between the higher education systemof Romania and those of France and the Republic of Moldova.

An established specialist, an outstanding professor and a reputed scientific researcher, a Ph.D.advisor in the field of Economics, professor Dan Popescu enjoys a well-deserved internal andinternational recognition. For the Sibiu academic community, particularly that in the economic field,the days of 23 September 2004 and 29 June 2009 are surely memorable, as the distinguishedprofessor received the title of Doctor Honoris Causa of the Academy of Economic Studies of Moldovaand the title of Doctor Honoris Causa of the University of Rennes 1, France.

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ACADEMICSTAFF

The students of the Faculty of Economic Sciences are trained by an academic staff who is welladapted to the exigencies of university study programs, and fully committed to achieving the Faculty’sand the University’s strategic objectives.

In the 20 years of higher economic education, the teaching staff has increased constantly, attractingboth the best graduates of different classes and a number of professionals from outside the university.This has ensured a balance- so necessary in a growing institution- between the enthusiasm of theyoung and the experience of senior staff members. On the one hand, specialists from variousbackgrounds (banks, companies, state institutions, etc) have helped the faculty integrate into theeconomic landscape of the Sibiu area, and in general, into the problems of the Romanian economy.On the other hand, the young graduates who have chosen an academic career have brought withthem rhythm, freshness, passion, commitment... In the past ten years, over 55% of the Faculty’steachers have been below 45 years old.

During years, the Faculty’s academic body has tried, both through its size and through its structure,to answer the requirements of an ever changing educational offer, as well as the quality exigenciesimposed by the education and research reform in Romania. At present, the Faculty of EconomicSciences comprises 55 tenured teachers and 35 collaborators. It is remarkable that 85 % of theteachers recruited from young graduates, representing 49% of the total of teachers, have attendedour faculty’s programs.

.

Evolution of the number of tenured teachers at the Faculty of Economic Sciences of Sibiu between 1991-2011,according to teaching position.

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Young graduates-49%

45-55 years old-33%

35-45 years old-17%

Under 35 yearsold- 44%

Over 55years old-

17%

Academic environment-15%

Business environment-36%

Structure of tenured academic staff at the Faculty ofEconomic Sciences of Sibiu in the academic year 2010-

2011, according to origin at the tenure moment.

The Faculty’s academic staff is divided into two departments which operate as autonomoussubdivisions, each covering a large area of the economic field, in accordance with the educationaloffer and the curriculum reform. The organization of teachers into departments is meant to serve theFaculty’s overall objectives: increased quality of teaching and research, syllabus optimal management,performance measurement, increased professional competency both at individual and at group level.

At present, the Faculty’s two departments are: Department 1- Management, Marketing, BusinessAdministration and Department 2- Finance and Accounting.

Structure of tenured academic staff at the Faculty ofEconomic Sciences of Sibiu in the academic year 2011.

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DEPARTMENT 1MANAGEMENT, MARKETING, BUSINESS ADMINISTRATION

E-mail: [email protected]

Fields of competence:

MicroeconomicsMacroeconomicsGlobalization and regionalization

Silvia MărgineanAssoc. Prof. Ph.D.



Enterprise resource planningInternational investmentFinancial decision modelling

Anatolie Caraganciu Prof. Ph.D.



Economic historyEconomic doctrinesMicroeconomics, Macroeconomics

Dan Popescu Prof. Ph.D. D.H.C.



Globalization and tourismTransportBusiness communication

Ilie RotariuProf. Ph.D.



Economic statisticsSocial statisticsSPSS inferential statistics

Doina SimionProf. Ph.D.



European economyInvestmentInvestment efficiency

Paul LucianAssoc. Prof. Ph.D.



Strategic managementBusiness ethicsOrganizational behaviour

Claudia OgreanAssoc. Prof. Ph.D.

Department head

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Business EnglishBusiness correspondence

Adriana VințeanAssoc. Prof. Ph.D.



Economics of tradeTrade techniquesSale techniques

Lucian Belașcu Assist. Prof. Ph.D.



Business EnglishBusiness correspondence

Arina GreavuAssist. Prof. Ph.D.



Economic historyEconomic doctrinesEconomic sociology

Doris PopescuAssist. Prof. Ph.D.



MicroeconomicsMacroeconomicsEuropean economy

Lia Baltador Teaching assistant Ph.D.



MicroeconomicsMacroeconomicsEuropean economy

Alin OpreanaJunior teaching assistant



Commodity studyMicroeconomicsMacroeconomics

Cosmin TileagăAssoc. Prof. Ph.D.



MicroeconomicsMacroeconomicsManagerial economics

Cristina TănăsescuAssoc. Prof. Ph.D.



Microeconomics

Macroeconomics

Electronic commerce

Răzvan Șerbu Assoc. Prof. Ph.D.

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DEPARTMENT 1MANAGEMENT, MARKETING, BUSINESS ADMINISTRATION



International economicsInternational transactionsInternational finance

Sorin Burnete Prof. Ph.D.



Social insurance and welfareHuman resource managementManagement

Ioan CindreaProf. Ph.D.



Economics of servicesEconomics of tourismBranch economics

Ioan CosmescuProf. Ph.D.



ManagementSupply chain managementSales management

Silviu Crișan Prof. Ph.D.



MarketingTrade marketingServices marketing

Luigi Dumitrescu Prof. Ph.D.



Capital marketsStock and commodity exchangesInternational finance

Livia Ilie Prof. Ph.D.



Information systemsQuantitative methods inmanagement

Liviu MihăescuProf. Ph.D.



Business communication andnegotiationTourism and service managementTourism operations techniques

Virgil NiculaAssoc. Prof. Ph.D.



Management Human resource managementPublic management

Emanoil MuscaluProf. Ph.D.

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Facultatea de Ştiinţe Economice



Public managementSME managementPublic relations management

Ramona TodericiuAssoc. Prof. Ph.D.



MarketingStrategic marketingFinancial and banking marketing

Camelia Budac Assist. Prof. Ph.D.



MarketingMarketing researchConsumer behaviour

Oana StanciuAssist. Prof. Ph.D.



Project managementServices marketingTourism marketing

Dumitru Troancă Teaching assistant Ph.D.



MarketingMarketing researchConsumer behaviour

Mihai ȚichindeleanJunior teaching assistant



ManagementStrategic managementProject management

Anca TutuleaJunior teaching assistant

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DEPARTMENT 2FINANCE ACCOUNTING



Fundamentals of accountingManagement accountingManagement control

Nicolae EșanuAssoc. Prof. Ph.D.



AccountingEconomic and financial analysisAccounting expertise

Nicolae Balteș Prof. Ph.D.



TaxationBudget and public treasuryInternational taxation

Carmen Comaniciu Prof. Ph.D.



Fundamentals of informaticsEconomic informaticsManagerial informatics

Marian CristescuAssoc. Prof. Ph.D.



Financial managementComparative managementEconomic and financial analysis

Mihaela Herciu Assoc. Prof. Ph.D.

Department head



Financial expert systemsFinancial controlInternal audit and control

Cornel JucanAssoc. Prof. Ph.D.



Public financeFunding direct investmentsEuropean funding

Iosif MoldovanAssoc. Prof. Ph.D.

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Money and creditBank managementBank audit

Nicolae PetriaAssoc. Prof. Ph.D.



Company financeEconomic and financial analysisCompany financial management

Vasile Brătian Assist. Prof. Ph.D.



Decision theoryAccounting elementsPublic finance accounting

Marian CărăușAssist. Prof. Ph.D.c.



AccountingBusiness valuationFinancial audit

Bogdan MârzaAssist. Prof. Ph.D.



Fundamentals of accountingFinancial accountingManagement accounting

Mihai MocanuAssist. Prof. Ph.D.



Prices and competitionMoney and creditBanking strategies and policies

Ilie MogaAssist. Prof. Ph.D.



Fundamentals of accountingFinancial accountingPublic finance accounting

Raluca SavaAssoc. Prof. Ph.D.



FinanceFinancial managementCapital markets

Camelia OpreanAssoc. Prof. Ph.D.



International financeMoney and creditCredit operations

Ramona OrășteanAssoc. Prof. Ph.D.

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Public institution financeInternational financial management

Vasile MoțocAssist. Prof. Ph.D.



Financial accountingManagement accountingInternal audit

Daniela PetrașcuAssist. Prof. Ph.D.



Fundamentals of accountingFinancial accountingPublic finance accounting

Adrian Țăran MoroșanAssist. Prof. Ph.D.



Company financeMoney and creditBanking products and services

Renate Bratu Teaching assistant Ph.D..



TaxationBudget and public treasuryAdvanced accounting

Liliana Bunescu Junior teaching assistant Ph.D.c



Fundamentals of informaticsEconomic informaticsDatabases

Florin MartinJunior teaching assistant Ph.D.c



Public financeEconomic and financial analysisFinancial management

Diana MihaiuJunior teaching assistant Ph.D.



Money and creditInternational financeCredit operations

Ioana Sbârcea Teaching assistant Ph.D.

DEPARTMENT 2FINANCE ACCOUNTING

Eduard StoicaTeaching assistant Ph.D.c.



Fundamentals of informaticsEconomic informaticsFinancial decision modelling

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The professional and scientific activity of the Faculty’s teachers has been acknowledged by the nationaland international academic environment, by research institutes and professional bodies. The mostimportant achievements in this respect are the following:

• The title of Doctor Honoris Causa of the Academy of Economic Studies of Moldova-2004- prof.Dan Popescu, Ph.D.;

• The title of Doctor Honoris Causa of the University of Rennes 1, France- 2009- prof. Dan Popescu,Ph.D.;

• The distinction of “Professor Emeritus” awarded by AFER- 2009- prof. Dan Popescu, Ph.D.• The “P. S. Aurelian” award of the Romanian Academy- 1999- prof. Dan Popescu, Ph.D.• The “Medal of Honour” of the General Association of Economists in Romania-2000- prof. Dan

Popescu, Ph.D.;• The Order of Merit in Education- Commander- 2004- professor Dan Popescu, Ph.D., prof.

Emanoil Muscalu, Ph.D.;• The Order of Merit in Education- Knight- 2004- assoc. prof. Ramona Todericiu, Ph.D.;• The Order of Merit in Education- Second Class- prof. Ioan Cosmescu Ph.D., prof. Silviu Crisan,

Ph.D.;• The Recognition of Contribution to the Development and Promotion of Marketing in Romania,

awarded by ASE Bucharest, 2001- prof. Silviu Crisan Ph.D., assoc. prof. R\zvan {erbu Ph.D.;• The Recognition of Prestigious Professional and Scientific Activity and Contribution to Higher

Education Development, awarded by ASE Bucharest, 2003- prof. Dan Popescu, Ph.D.;• Diploma of 1st Degree, Diploma of 3rd Degree and Honorable Mention at the International

Symposium for Young Researchers, Chisinau- 2004- assist. prof. Vasile Bratian Ph.D., assist. prof.Camelia Budac Ph.D., assist. prof. Lucian Belascu Ph.D.;

• Special prize at the International Symposium for Young Researchers, Chisinau- 2004- teachingassistant Lia Baltador;

• The Acknowledgement of Professionalism in Evaluating Papers presented at the National StudentOlympiad of Economics, by AEFR- prof. Emanoil Muscalu Ph.D., assoc. prof. R\zvan {erbu Ph.D., assist.prof. Vasile Bratian Ph.D.;

• The Acknowledgement of Contribution to and Identification with the Values of Economic Thoughtand Scientific Research within “Victor Slavescu” Centre for Financial and Monetary Research - 2006-prof. Carmen Comaniciu Ph.D., assoc. prof. Ramona Orastean Ph.D., assoc. prof. Claudia Ogrean Ph.D.,assoc. prof. Mihaela Herciu Ph.D., assoc. prof. Silvia Marginean Ph.D., assist. prof. Vasile Bratian Ph.D.,assist. prof. Adrian Taran-Morosan Ph.D.;

• The CNCSIS Prize for Scientific Research Materialized into ISI Articles- 2008- assoc. prof. MihaelaHerciu Ph.D., assoc. prof. Claudia Ogrean Ph.D., assist. prof. Lucian Belascu Ph.D.;

• The First Prize at the management seminar “Entrepreneurship simulation plan”, under the aegisof the Hanns Siedel Foundation, the “Lucian Blaga” University of Sibiu and the University of Munich-2008- assoc. prof. Mihaela Herciu Ph.D.;

• The Award for Excellence in Research offered by IBFR (the Institute for Business and FinanceResearch), San Jose, Costa Rica- 2009- Faculty of Economic Sciences, “Lucian Blaga” University of Sibiu;

• The Award for Research granted at the 19th Mountain School of Information Technology, Poland-2009- prof. Liviu Mihaescu, Ph.D.;

• The Award for Excellence in Teaching offered by the Bucharest School of Management and theRomanian-Canadian MBA Program within the Academy of Economic Studies Bucharest-2007- prof. LiviaIlie, Ph.D.;

• The Recognition of Merits in Supporting Student Scientific Research through the ExcellentOrganization of the National Student Olympiad of Economics, section “The Complexity of EconomicSystems and Crisis Management”, offered by AFER- 2007- Faculty of Economic Sciences, “Lucian Blaga”University of Sibiu;

• The “Teaching Debut” distinction awarded by AFER- 2011- junior teaching assistant DianaMihaiu; etc.

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SCIENTIFICRESEARCH

Scientific research represents a fundamental component in the mission of the Faculty of EconomicSciences. As such, it is stipulated in the strategic plan, its main objective being to valorise the potentialof the faculty’s teaching staff in developing empirical knowledge and scientific truth, and in cultivatingan innovative spirit. Through its results, scientific research is also meant to contribute to themodernization of the teaching process, to strengthen the faculty’s creativity and to increase its prestigein the academic world.

Research is funded from sources internal to the faculty, from grants won in national andinternational competitions (CNCSIS projects, CEEX projects, PNCDI II programmes, EU-fundedinternational research contracts) as well as from other sources (research contracts with firms, withother institutions and organizations), its aim being to achieve high standards of quality and excellencein scientific research. The research activity manages to connect the faculty’s research groups to themain national and international research programs.

Scientific research is, by its nature, a realm of communication and interconnections, of joint effortsmeant to help people acquire knowledge, share experiences, disseminate information, etc. A veryimportant element in reaching these objectives is, therefore, the collaboration with other universities,research institutes, public institutions, companies, etc. The Faculty of Economic Sciences has alwaystaken this aspect into account, developing close relations with established institutes such as theNational Institute for Economic Research, the “Victor Slavescu” Centre for Financial and MonetaryResearch, the Institute for Economic Forecasting, etc. Cooperation protocols for research in theeconomic field have also been drawn with different universities in the country and abroad.

Research is carried out both individually and in teams and/or departments, under the coordinationof the Centre for Economic Research, a CNCSIS recognized body since 2003. The research activityinvolves the integration of teachers and students at all levels (bachelor, master and doctoral), intonational and European research structures, through their participation into research projects, grantsand contracts. This activity also involves the initiation and study of fundamental, applied andinterdisciplinary research topics meant to lead, through their results, to an increased national andinternational visibility of our faculty and of its members.

The research results are published in national and international journals, presented at prestigiousscientific conferences organized in the country and abroad, or at workshops with Romanian andforeign specialists.

The research results are disseminated through books, articles and studies published in nationally

32


and internationally recognized publishing houses and prestigious journals, as well as throughmonographs and textbooks published in Romanian publishing houses recognized by CNCSIS, or inforeign publishing houses. They also involve the publication of scientific articles of major importanceto the Romanian economy in international journals (ISI or indexed in international data bases) andin Romanian specialized journals recognized by CNCSIS, as well as the participation in national andinternational economic congresses, conferences and symposia.

Starting with 1995, the Faculty of Economic Sciences of Sibiu has organized annual scientific events,with presentations of papers resulting from a long period of research. These papers were collected inISBN books published in CNCSIS recognized publishing houses.

The scientific events organized by our faculty between 1995 and 2011 are:• 7-9 April 1995- The International Scientific Conference “The Romanian Economy- Crisis,

Adaptation, European Integration”• 16-18 May 1996- The International Scientific Conference “The Romanian Economy- Crisis,

Adaptation, Euro-Atlantic Integration”• 2-6 May 1997- The International Scientific Conference “Euro-Atlantic Integration and Economic

Recovery”• 24-26 April 1998- The International Scientific Conference “Euro-Atlantic Integration and

Economic Recovery”• 6-7 May 1999- The International Scientific Conference “Development and Competitiveness at

the Turn of the Millennia”• 21-22 April 2000- The International Scientific Conference “Romania’s Integration into the Euro-

Atlantic Structures. Economic Recovery and Progress”• 27-30 April 2001- The International Economic Conference “Romania’s Integration into the

Euro-Atlantic Structures. Economic Recovery and Progress”• 6-7 November 2001- The Moldavian-Romanian Symposium “Romania and Moldova in front

of the European Integration”• 4-5 April 2002- La Preconference de Le XIII-e Congres International d’Historie Economique,

Buenos Aires, Argentine, 22-26 July 2002, Section 63 “Le pays de l’Europe Centrale et de l’Europe del’Est: allez, retour, allez verz l’economie de marche (1850-2000)

• 8-9 May 2003- The International Economic Conference “ The Identity and Universality ofTransition Economies at the Beginning of the Third Millennium”

• 6-8 May 2004- The International Economic Conference “Romania- Exigencies in theDevelopment Process, from the Perspective of the 2007 Integration”

• 20-21 May 2005- The International Economic Conference “The Poverty-Wealth Dichotomy andRomania’s Integration into the European Union”

• 4-6 May 2006- Preconference at the International Congress of Economic History, Helsinki,Finland, 21-25 August 2006, Section 44: ”Identity, Globalization and Universality in Eastern andCentral European Economic Area- Evolutions and Involutions in the Modern and Contemporary Period.Experiences, Meanings, Lessons”

• 10-11 May 2007- The International Economic Conference “Romania within the EU:Opportunities, Requirements and Perspectives”

• 15-16 May 2008- The International Economic Conference „Integrative Relations between theEuropean Union institutions and the Member States”

• 7-8 May 2009- The International Economic Conference- IECS 2009 “Industrial Revolutions,from the Globalization and Post-Globalization Perspective”

• 13-14 May 2010- The International Economic Conference- IECS 2010 “The Economic WorldDestiny: Crisis and Globalization”

• 19-20 May 2011- The International Economic Conference- IECS 2010 “Crises after the Crisis.Inquiries from a National, European and Global Perspective”

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JOURNALS OF THEFACULTY OF ECONOMIC SCIENCE

Editor-in-chiefProfessor Dan Popescu- “Lucian Blaga” University of Sibiu

Deputy editor-in-chiefProfessor Liviu Mihaescu- “Lucian Blaga” University of Sibiu

Editorial boardAssociate professor Mihaela Herciu, Ph.D.- “Lucian Blaga” University of Sibiu,Romania

Associate professor Silvia Marginean, Ph.D. - “Lucian Blaga” University of Sibiu, Romania

Associate professor Cristina Tanasescu, Ph.D. - “Lucian Blaga” University of Sibiu, Romania

Associate professor Claudia Ogrean, Ph.D. - “Lucian Blaga” University of Sibiu,Romania

Assistant professor Adrian Taran-Morosan, Ph.D. - “Lucian Blaga” University ofSibiu, Romania

CNCSIS: B+, Cod 478ISSN: 1582-6260 Indexed in:• RePeC• Ulrich`s Periodicals Directory• DOAJ - Directory of Open Access

Journals

CONTACT:

G.P.E. «Continent» str. dr. I. Raţiu nr. 2, Sibiu, cod 550012, România, tel.: +40-269-210 077

Center for Economic Research LBUSCalea Dumbrăvii nr. 17cod 550324, Româniatel./fax: +40-269-235 879mobil: +40-723-333 085

E-mail: [email protected]: http://economice.ulbsibiu.ro/revista.economica

Revista Economică

The journal is based on the collaboration between the Faculty ofEconomic Sciences and the Centre for Economic Research from the“Lucian Blaga” University of Sibiu, and it continues the scientificinterests and activity of the “Economie si Finante” journal. The firstissue was edited in 2001 and since then the journal has come outconstantly six times every year. The published papers, carefullyselected by the editorial board and grouped under thematic areas,are targeted both at specialists and at those wishing to enrich theirknowledge of economic theory and practice.

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Editors-in-Chief: Claudia OGREAN-“Lucian Blaga” University of Sibiu, Romania,Mihaela HERCIU-“Lucian Blaga” University of Sibiu, Romania

Editorial Board:Lucian Liviu ALBU- Institute for Economic Forecasting, RomaniaCamille ASSAF- Centre d’etudes des marches et de la distribution au Moyen-OrientAnya DIEKMANN- Universite Libre de Bruxelles, BelgiumMonica DUDIAN- Academy of Economic Studies, RomaniaAlexandra HOROBEŢ- Academy of Economic Studies, RomaniaMarioara IORDAN- Institute for Economic Forecasting, RomaniaKosta JOSIFIDIS- University of Novi Sad, SerbiaDan POPESCU- “Lucian Blaga” University of Sibiu, RomaniaGreg RICHARDS- University Tilburg, HollandVictoria SEITZ- California State University, USAAleksandar Asenov SHIVAROV- Varna University of Economics, BulgaryGeorgi Marinov ZELENKOV- Varna University of Economics, Bulgary

ISBN 1842-4120Indexed in:• RePeC• Index Copernicus• Ulrich`s Periodicals Directory• EBSCO

CONTACT:

Associate professor Caudia OGREANTel.: +40 - 269 - 21.03.75

+40 - 723 - 91.90.23E-mail: [email protected]

Associate professor Mihaela HerciuTel.: +40 - 269 - 21.03.75

+40 - 741 - 98.95.19E-mail: [email protected]

Web: http://eccsf.ulbsibiu.ro

Studies in Business and Economics

EUROECONOMIA XXI - “From the Europe of Firms to European Firms”

The financial and economic weekly appeared in 2005, atprofessor Dan Popescu’s initiative, with the support of the SibiuChamber of Commerce, Industry and Agriculture, and of theNoblesse Ltd press.

Editor-in-chiefProfessor Dan Popescu- “Lucian Blaga” University of Sibiu

Editorial board:Eugen Iordanescu- “Lucian Blaga” University of Sibiu, RomaniaEmil DAVID- “Lucian Blaga” University of Sibiu, RomaniaAlin OPREANA- “Lucian Blaga” University of Sibiu, Romania

ISSN 1841-0707

CONTACT:Grupul de Presă ContinentC.C.I.A. SibiuSC Noblesse SRLTel.: +40 - 269 - 21.81.33Tel.: +40 - 269 - 21.01.02E-mail: [email protected]

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INTERNAL AND INTERNATIONALRELATIONS

The Faculty’s system of relations with other universities and organizations in the country is meantto help it establish itself in the national and European academic area, i.e. define its institutionalidentity, improve management at all levels, increase the quality of its programs, consolidate thecompetence and renown of its teaching staff. At the same time, the faculty’s relation system mustsatisfy the students’ needs and the demands of the labour market. Last but not least, it must answerboth the requirements imposed by the educational reform in Romania and the exigencies derivingfrom its integration into the European educational system.

Starting from the principles enumerated above, the Faculty’s relations have contributed in time tothe definition of its “brand image” and increased prestige in the Romanian academic landscape.Besides the feeling of achievement this situation generates, it also entails a high level of self-exigencyas regards the quality of services offered, which should ultimately reflect favourably on possiblecandidates, too.

In order to fulfil its mission and reach its objectives, the Faculty of Economic Sciences has constantlytried to consolidate its national collaborations in several directions: with institutions of highereducation in the economic field, with professional organizations and associations, with researchinstitutes, public institutions, student associations, etc. Since the beginning of the economic field ofstudy and then of the Faculty of Economic Sciences, the academic staff has tried to create and developrelations with other economic faculties in the country. In the past years, these relations haveintensified, being materialized into active professional and scientific partnerships with prestigiousuniversities. Notable in this respect are the mutual participations in doctoral commissions (with ASEBucharest, “Babes Bolyai” University of Cluj-Napoca, the University of Bucharest, “A.I.Cuza” Universityof Iasi, etc). In the same context, we should outline our faculty’s active participation in meetingsorganized by important universities on topics such as the structure and correlation of curricula,syllabuses and specialty nomenclature, so as to integrate these elements into the national andEuropean economic education system. Our faculty’s national relations are maintained andstrengthened through its teachers’ constant participation in scientific events such as symposia,conferences and congresses organized periodically or on anniversaries by other universities in thecountry.

In order to improve the teaching process and bring its programs at all levels (bachelor, master,doctoral) to European standards, the faculty has also involved itself into the activity of various nationaleconomic associations whose member it is, such as the Association of Economic Faculties fromRomania (AEFR). This involvement has materialized, among others, in the initiation of collectivedebates and round tables on current economic topics, resulting in the identification of some generalguidelines for action, crucial for the future of the Romanian higher economic education.

The Faculty’s relations with other important national entities are also maintained through itsteachers’ membership in national professional bodies such as: the Romanian Academy through theInstitute for Economic Research, the General Association of Economists from Romania (GAER), theAssociation of Chartered and Certified Accountants from Romania (ACCAR), the Association for theDevelopment and Promotion of Tourism, the Romanian Marketing Association (ROMARA), theNational Association of Rural, Ecological and Cultural Tourism (NARECT), etc. The relations with someof the above mentioned professional bodies are mutual: some of the faculty’s teachers belong tothese bodies, while some of these organizations’ employees teach in our faculty. The partnershipsbetween the Faculty of Economic Sciences and some of the professional associations mentioned abovealso involve the management of study programs. An example in this respect is the partnership withACCAR, which allows graduates from the master’s program “Accounting Expertise and Audit” tobecome intern chartered accountants from the moment of graduation, without any other additionalexams. The inclusion of some of our faculty’s teachers into prestigious bodies which regulateuniversity activities, such as the National Council for the Attestation of University Titles, Diplomas andCertificates (NCAUTDC), the Romanian Agency of Quality Assurance in Higher Education (RAQAHE),etc, reflects the confidence our faculty enjoys at a national level.

The system of relations established by the Faculty of Economic Sciences has generated outstanding

36


results. For example, the National Institute for Economic Development (NIED) operates on the basisof a network of regional training centres, which are the result of a partnership with the Faculty ofEconomic Sciences from Sibiu. The “Executive MBA” program developed by NIED is primarily aimedat the development of a high level of competences necessary in the management of economic entities.

From the very beginning of its existence, the Faculty of Economic Sciences was included into animportant number of cooperation programs with foreign universities and academic institutions. Thesehave helped it go faster, and sometimes with spectacular results, through all the stages of the highereducation reform in transitional Romania, so as to become what it is today: an important player inRomania’s higher education system. Members of the academic staff who participated in variouscooperation activities with the outside, had the opportunity not only to acquire the methods andtechniques of a modern economic school, but also to get directly acquainted with teachers andresearchers from prestigious Western universities.

These cooperation programs, mostly financed from public sources, were aimed at reforming theRomanian economic school both from a methodological and epistemological perspective, and froman organizational one, thus preparing the way towards Romanian’s adherence to the BolognaDeclaration. A first important program, Temper-JEP 9228, run between 1995 and 1998 under thecoordination of AES Bucharest (IER Faculty), was meant to align Romanian universities to thestandards of Western economic education, and lay the foundation for the integration of the Romanianeconomic school into the European one. Another important program, Tempus IB JEP 13478/98 CREAP,run between 1998 and 2000 together with the Law Faculty of the LBUS, the “Transilvania” Universityof Brasov and the University of Trier, had as a main goal the creation of a training centre for publicadministration workers. In the same spirit, between 1994 and 1999, the “Lucian Blaga” Universityof Sibiu took part in an extensive collaboration program with the University of Missouri, Columbia.The purpose of this program was to introduce the university’s teachers and managers to the spiritand principles of American higher education, to the American practice of teaching, assessment,scientific research, funding, student activities, etc. The program allowed an important number ofteachers from the Faculty of Economic Sciences to visit the University of Missouri for two or severalmonths, and engage in a large array of activities (course and laboratory participation, exam taking,library self-study, visits at various economic sites, conference, seminar and symposia participation,etc). The teachers involved in this program were also able to attend courses (mainly in Managementand Economics) taught in Sibiu by professors from the Missouri University, and concluded with finalexams and assessments.

Among the activities of inter-university cooperation undertaken by the Faculty of Economic Sciencesan important part has been played by programs in specific fields, funded from private sources andrun together with Western universities and institutions. The aim of these programs was to facilitatethe faculty’s access to entrepreneurial techniques, management systems and communication methodsused in the practice of Western universities. These programs also allowed Western teachers andstudents to get acquainted with the problems of the Romanian economy, especially with those of theSibiu area, and offer solutions to these problems. Some of these solutions were later used in thearea’s development strategies, such as the planning and management of the exceptional event “Sibiu-European Capital of Culture 2007”. From the programs which implicated our faculty, the mostimportant ones were in the field of tourism, although other fields were represented as well (industry,agriculture, retailing, etc).

An important role in building the faculty’s network of international relations was played by teacherexchanges with foreign universities. Several of our faculty’s members have been invited to teacheconomic subjects at prestigious European universities (IUT de Rennes, Gabrielle D AnnunzioUniversity of Pescara, Italy, Harstadt University College, Norway, J.W.Goethe-Universitat Frankfurtam Main) under Erasmus programs or other bilateral agreements, and a number of teachers fromforeign universities (the University of Tubingen, the University of Oldenburg, the University of Trier,AES Chisinau) have come to Sibiu to teach or act as doctoral advisors.

The Faculty of Economic Sciences is integrated into the European system of transferrable credits.

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Bilateral agreements facilitate the exchange of teachers and students, the participation ininternational scientific events, the development of joint study programs, thus offering the backdropfor common education and research projects. Student exchanges with other universities signatory ofthe Bologna Declaration are conducted under the Erasmus European program, and have existed forapproximately ten years. Student and teacher mobilities contribute towards a better evaluation ofthe teaching process, offering our faculty a real chance to align itself to the standards set by theEuropean higher education.

Our first partners in such exchanges were the Universities of Rennes and Pescara. Then, relationswere developed with Fachhochschule Munich, the University of Trier and the University of Harstadt.Next were Instituto Politecnico de Lisboa, Varna University of Economics, Haute Ecole Namuroisecatholique (Belgium), Hogeschool Gent (Belgium), Munich University of Applied Sciences, PolitechnikaCzestochowska, Universite de Bourgogne, University of Miskolc, Universita degli Studi “G.D’Annunzio”, Chieti (Italy), Saxion Hogescholen (Holland) and many others.

Under such inter-university cooperation agreements a significant number of the Faculty’s students(over fifty) have benefited in the past five years from scholarships and internships in differentEuropean universities. At the same time, approximately twenty foreign students have receivedscholarships and internships in our faculty.

The overall objective of the Faculty of Economic Sciences is to train students, and help them becomenecessary and useful to the economic, social and business environment. However, student training isnot confined to the passing on of knowledge, but involves a complex formation process in which thefaculty’s relations with businesses, state institutions, non-governmental institutions, etc play a centralrole. The faculty’s integration into the local economy, and the consolidation of its relations with localorganizations ensure increased opportunities for the professional orientation of its graduates.

In order to achieve the above-mentioned objective, the Faculty of Economic Sciences has chosenseveral lines of action. A first line involves adapting student training to the requirements of the labourmarket, by increasing the number of specializations in line with the demands of Romania’s economicdevelopment in general, and those of Sibiu’s economy in particular. At the same time, qualitativeaspects have always constituted a priority for the faculty’s management and academic staff, theirmain goal being to adapt students’ education to the occupational standards set by employers and bythe labour market. To this end, syllabuses are periodically revised based on analyses carried out

INTERNAL AND INTERNATIONALRELATIONS

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together with students, graduates and employers. The knowledge, competencies and skills acquiredby our students must allow them to enter the labour market, to set up their own businesses, and atthe same time to continue to learn. The number of our faculty’s students has increased constantly,and more than 60% of our graduates have found a university qualified job within two years fromgraduation.

Another major direction is the increased importance granted to applied training, seen ascomplementary to theoretical training. This objective has been achieved through the organization ofstudent internships in economic and social organizations in the Sibiu county, south Transylvania, northOltenia and Muntenia, these being the main areas covered by the economic school of Sibiu. Sibiu hasan important economic and cultural potential, with real perspectives of future development. Beingsituated in the middle of the country, at the junction of the main commercial and tourism routes, ithas always constituted a centre of attraction for many economic, cultural and social projects.

As a result of efforts made by the Faculty’s management, the past years have seen a constantincrease in the number of internship positions and contracts, as well as in the number of partnercompanies and institutions which have expressed their willingness to host internships. These externalcollaborations have supported the documentation of students’ degree and dissertation papers, ofproject work submitted during the academic year, as well as of teachers’ research papers presentedwithin the Faculty’s scientific events. Upon the completion of their internships, and even duringstudent years, many students have been recruited and hired in various fields of activity: accountingand management informatics, marketing, services, management, insurance, brokerage, transport,trade and tourism.

The students from the Faculty of Economic Sciences can use the assistance provided by theuniversity’s Career Advisory Service (C.A.S.), founded in 1996 in collaboration with the British Council,and with the support of the “Know How” Fund. The department’s main purpose is to establishconnections between students, graduates and the job market. It offers students constant advice,including the facilitation of interview participation, and assists them in defining their career-relatedneeds. The Summer Job Fair organized by C.A.S. every year, offers students the opportunity to get intouch with employers and obtain either internships or full-time contracts. Similarly, the UniversityBusiness Association (UBA) is an organization which facilitates constant exchanges between faculties,business people and students so as to help the latter acquire business skills and contacts, developtheir English language skills and gain support in finding permanent or summer jobs. Finally, theUniversity of Missouri, Columbia has supported our university in setting up a nationally recognizedBusiness School as a centre of academic and research excellence in business management and appliedresearch.

The fast-paced development of the global economy makes current careers less clearly defined andchanges less predictable than they were in the past. Organizations are faced with mountingcompetitive pressures to reduce both their internal hierarchy and their workforce. The “fight” withchange has become synonymous with acquiring increasingly complex professional competencies andmanagerial skills, with understanding and realistically evaluating one’s own values, abilities andinterests. In this carrousel of change, the Faculty of Economic Sciences plays a key role.

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DISTANCE LEARNING AND LOW ATTENDANCEEDUCATION

In the context of the Romanian higher education reform, and as an answer to the needs of thosewishing to attend university programs without interrupting their social and professional activity,starting with the academic year 1998/1999 “Lucian Blaga” University of Sibiu has developed distanceand low attendance education programs. The university offers students enrolled in DL/ LAE programsan operating structure for all the activities necessary to the learning process.

The initiation, development and management of DL/LAE study programs are conducted within aspecialized institutional structure designed for this purpose, the Department for Distance and LowAttendance Education (DDLAE), which operates under the Education Law and under its own rules andregulations. The structure of the department has been adapted in keeping with the new qualitystandards imposed by the education reform in Romania, on the one hand, and with the exigenciesof the labour market, on the other. Starting from the premise that graduates from these programsmust enjoy equal chances with those enrolled in full-time programs, the department’s main goal isto offer DL/LA students a quality of training which is on a par with that offered to full-time students.

The Faculty of Economic Sciences and DDLAE are currently coordinating the training of over threethousand students, enrolled in four specializations at bachelor’s level and eight specializations atmaster’s level, authorized and/ or accredited.

Main field of study Specialization Level

Business Administration

Economics of Trade, Tourism and Services Bachelor

Business Administration in Tourism and Services Master

Management and Marketing Policies and Strategies of the Firm Master

ManagementManagement Bachelor

Business Management Master

Accounting Accounting and Management Informatics Bachelor

Accounting Expertise and Audit Master

Finance

Finance and Banks Bachelor

Finance Master

Banks Master

Stock Exchanges and Insurance Master

Organizational Financial Management Master

Structure of distance learning programs at the Faculty of Economic Sciences, according to field of study,specialization and level.

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DDLAE and the Faculty of Economic Sciences organize distance learning tutorial activities both inSibiu and in other centres. These tutorial centres have been set up in locations suitable for theteaching/learning process and, in compliance with the stipulations in the students’ guide ofprofessional orientation, they host activities such as meetings between students and teachers, self-study, pedagogical assistance, student discussions, teaching week-ends.

As far as facilities are concerned, our faculty and DDLAE have adequate locations for bothadministrative and teaching activities (seminar rooms, IT laboratories, teaching and researchlaboratories, well-equipped libraries). These locations are either owned by our university or havebeen rented under contracts signed with partner institutions.

The Faculty and its tutorial centres own all the facilities and equipment necessary for a high qualityeducation process. In addition to the university’s classic libraries, students also have access toelectronic teaching materials. An important base of course materials has been created on the DDLAEelectronic platform, and students can access it by using a password. The tutorial system is flexible,ensuring the differentiated and personalized training of students. Communication between studentsand teachers, tutors, and department heads, is carried out by messages transmitted via the “E-learning platform”.

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FACILITIES

The Faculty of Economic Sciences owns modern facilities for teaching (9 course rooms and 5 seminarrooms) and research (4 laboratories equipped with computers) activities, as well as 6 office rooms,a conference room, a library and annexes.

The course rooms and laboratories are equipped with personal computers, video-projectors,overhead projectors, projection screens, etc. The offices have photocopiers, printers, desktopcomputers and other facilities necessary to office work. The facilities of the course rooms, seminarrooms, teaching and research laboratories are at European technical and ergonomic standards,offering students and teachers a pleasant and stimulating environment for communication, creationand performance.

The Faculty of Economic Sciences owns a specialized library operating on the faculty premises,where students can read all the specialized journals and periodicals the faculty has annualsubscriptions to, but also other specialized works, doctoral theses, etc. The Faculty also has anelectronic library, which comprises most of the books published by the academic staff. These workscan be accessed by students through the use of a password at any of the several computer terminalsinstalled in the library and in the faculty hallway.

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The overall objective of the University’s central library is to constitute, process, organize, developand preserve encyclopaedic collections and cultural-scientific journals from the country and fromabroad, and to create the informational framework necessary to the teaching and research activity.

Student management is an extremely important component of university management. It consistsof the most delicate and difficult aspect, the work with students, more exactly the providing of theirbasic life conditions, i.e. accommodation, food and recreation.

At present the boarding and canteen services offered by the University to its students are special.Year after year, student dormitories have been renovated and modernized through extensive repairworks carried out during summer holidays.

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ADMINISTRATIVESTAFF

An important role in the collection, processing, storage and centralization of data and informationin the Faculty of Economic Sciences is played by the administrative staff, whose members ensure theinterface between the academic management and the teaching staff on the one hand, and studentsat all levels on the other.

The ten members of the administrative team significantly contribute to the success of all the faculty’sactivities, e.g. education, research and others. They are divided into work groups according to theirtype of activity, as follows:

SecretaryE-mail: [email protected]

Paraschiva Bleahu

Communication with students (bachelor’s level and master’s level)


Simona Hălmagiu


Ileana Meda Lomnăşan


Lucica Turcu


Bianca Vasiu


Delia Căluţiu

Faculty administratorE-mail:[email protected]


Doina Oniga Doina Morariu

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ALUMNI

The aim of ALUMNI Association is the development of an active partnership between the graduates ofall years and all forms of education, students, teaching staff and ex professors of the Faculty of EconomicSciences, so as to back their vocational development and the institutional progress of the faculty, namelyof the University and promote the image of the Faculty.

The Association tries to facilitate and support meetings and associations between the graduates of theFaculty of Economic Sciences, to organize scientific events, professional reunions, research activities, toattract sources for funding which aims at the accomplishment of its objectives. Among them we mention:

-Encouraging partnerships between the academic environment and the socio economic one

-Backing the continuous improvement of the higher education and of scientific research as well as theirorientation towards the real needs of the economy, of the Romanian society and the EU as a whole.

-Supporting the material resource for education and research in the Faculty.

-Supporting the integration and vocational development of the graduates.

-Working out and developing a data basis with information on the members of the Alumni Associationavailable on line.

-Supporting and organizing fairs in order to present opportunities for employment on a local, regional,national and international plan.

-Increasing the degree of involvement of graduates, students, teaching staff, ex professors in theinstitutional development of the Faculty of Economic Sciences.

-Related economic character in order to obtain the income necessary to fulfill its objectives.

-Collaboration and association with other organizations in the country and abroad.

-Establishing and managing of some funds for scholarships given to the students of the Faculty ofEconomic Sciences, those who distinguish themselves within the activity of the Association and of theUniversity by the Alumni FSE scholarship.

-Granting prizes and diplomas to those persons who have distinguished themselves within the activitiesorganised by the Association.

-Organizing and developing other economic, social, cultural activities in order to achieve the aim andobjectives of the Association.

-Organizing some professional reunions with the students and the antrepreneurs and presenting therealities of the labour market.

- You can contact the ALUMNI Association Membership Desk by email: [email protected],website: http://economice.ulbsibiu.ro/alumni

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ECONOMIC STUDENT’SASSOCIATION

Economic Students’ Association

The Economic Students’ Association is a student organization founded in 1995 with the support ofthe Faculty of Economic Sciences. Its aim is the association of the Faculty’s best students inindependent activities (including partnerships with businesses and other student organizations in thecountry), to the benefit of all the Faculty’s students. The Association continues to enjoy the supportof the Faculty and of the academic staff, and it has a well equipped office.

The ESA was registered in 1997 as a non-profit, apolitical and non-governmental organization.Since then, it has always been active and tried to attract an ever higher number of students, involvethem in existing projects as well as encourage new initiatives. The number of ESA members has risenyear after year, at present reaching the 150 mark. In the Association’s weekly meetings, its membersdebate various problems of interest, organize practical activities such as visits, meetings withinstitutional representatives, etc.

In order for the association to have an effective activity and help its members gain a minimum ofexperience in specific areas of activity, the ESA is made up of several departments, each of them withspecific tasks.

The Association has demonstrated its ability to unite the Faculty’s students regardless of their studyyear or specialization, and offer them a platform for communication, extracurricular activities andsocialization.

The ESA has always been concerned with establishing and maintaining close relations witheconomic students in the country. Thus, the ESA is a founding member of NASOR (the NationalAlliance of Student Organizations in Romania) and of RFESA (the Romanian Federation of EconomicStudents Associations), and is currently a member of SBA (the Sibiu Tourism Association). TheEconomic Students’ Association is well represented in the projects run by these organizations, andhas also participated in joint projects with the Sibiu Rotaract Club, an organization of internationalrenown.

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Every year the Association organizes its own projects on different topics, thus attracting anincreasing number of students. The number and complexity of these projects has grown considerablyin time, alongside with the number of the Association’s members. Thus, if at its beginning theAssociation was involved in a low number of activities, at present the ESA has a variety of activitieson its agenda, the most important ones being the following: the invited participation to theAssociation’s meetings of personalities from the country and from abroad, the assistance offered tothe Faculty in the organization of its International Economic Conference, the organization of theFreshman Ball, the organization of some summer school events, etc.

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“Lucian Blaga” University of SibiuFaculty of Economic Sciences

Address: 17, Calea Dumbrăvii, Sibiu, 5500324, RomaniaTelephone: +40 269 210 375E-mail: [email protected]: http://economice.ulbsibiu.ro

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NOTES

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