The increasing digitalisation of the public sector is putting pressure on public and private cultural organisations to modernise their internal control systems. The digital revolution of these businesses has affected operational efficiency and systemic vulnerability, which this paper analyses. To strengthen internal control procedures, the research will examine how digital tools such as electronic document management, automated audit traceability and integrated reporting platforms influence accountability, openness and risks. The objective of the paper is to investigate how digitalization affects the operational efficiency and systemic vulnerability of cultural institutions in Romania compared to European good practices by comparing Romania and other EU nations. Thus, this study uses descriptive statistics from Likert-scale surveys of Romanian cultural organizations and secondary data from European public publications. As Romanian institutions lag behind in integrating infrastructure and procedures, digital maturity differs. But this study points to new best practices that reduce systemic risks and increase control.
This article aims to present the fact that the accounting profession is undergoing a profound transformation, driven largely by the relentless march of digitalization. From the advent of enterprise resource planning (ERP) systems to the rise of artificial intelligence (AI) and blockchain, digital technologies are reshaping how financial information is processed, analyzed, and reported. This evolution necessitates a re-evaluation and amplification of existing accounting paradigms to remain relevant and effective. This article explores the multifaceted perspectives surrounding the integration of digital systems into accounting practices, examining the theoretical underpinnings, methodological approaches, empirical findings, and practical implications through a case study, ultimately drawing conclusions on the future trajectory of the profession.
The rapid growth of cryptocurrencies and blockchain technology has significantly transformed the global financial landscape. Originally created as decentralized alternatives to traditional money and intermediaries, cryptocurrencies have developed into sophisticated digital financial assets with increasing economic importance. This study aims to explore their role in reshaping modern finance and assess their potential to complement or challenge conventional financial systems. Key objectives include analyzing the defining features of cryptocurrencies, evaluating their effects on banking and financial markets, and identifying associated risks and regulatory challenges. Employing a qualitative methodology based on literature review, comparative analysis, and secondary data, the research highlights opportunities such as enhanced efficiency, transparency, and financial inclusion, alongside risks including volatility, security concerns, and regulatory uncertainty. The findings indicate that cryptocurrencies act as catalysts for financial innovation, driving the development of a hybrid financial system.
The purpose of this research is to evaluate the adequacy, structure, and effectiveness of education financing in Romania during the period 2020–2025, using a comparative European Union perspective. The main research objectives are to analyse the dynamics of public education expenditure in relation to GDP and EU benchmarks, to examine the allocation between current and capital expenditures, and to assess the implications of financing patterns for educational equity and system performance. The findings highlight persistent underinvestment compared to EU standards, the strong predominance of current spending, and significant territorial disparities in educational outcomes. Despite recent increases in funding and the extensive use of European Union financial instruments, including the Recovery and Resilience Facility, structural weaknesses in the financing framework remain largely unresolved. The study contributes to education economics and public finance literature by formulating evidence-based policy implications aimed at improving fiscal sustainability, allocative efficiency, and social equity in emerging European education systems.
The study examines how three major companies in Romania, OMV Petrom, Banca Transilvania, and Transelectrica, use social media to communicate ESG topics. An analysis of content published on Facebook between 2020 and 2024 shows a clear dominance of the social dimension, with an emphasis on communities, education, health, and employee stories. The environment and sustainability are constantly mentioned, but with less visibility. Governance is presented through leadership messages and limited transparency. The results highlight the role of social networks as a tool for reputational legitimacy and stakeholder engagement. The study discusses data validity, generalization limits, and the credibility of the conclusions, showing that social media reflects companies' strategic intent, not overall ESG performance.
