Mariana Rodica Ţîrlea


The Emergency Ordinance no. 99 of 6 December 2006, on credit institutions and
capital adequacy, presents the credit institution as "an entity whose business is to attract
deposits or other repayable funds from the public and to grant credits in its own account". The
2006/48/EC Directive of the European Parliament and the European Council, presents the
credit institution as "an undertaking whose business is to receive deposits and other repayable
funds from the public and to grant credits for its own account" definition that seems
appropriate, justified by the fact that, in our opinion, the concept of undertaking is assigned to
those innovative and imaginative companies that produce goods. Since money is a commodity
and economic agents that we call credit institutions produce money by reinventing themselves
every day to keep up with technology, we consider that the idea of “undertaking” formulated
by the 2006/48/EC Directive of the European Parliament and of the European Council is
appropriate and that these credit institutions be hereinafter referred to as undertakings and
therefore enterprises. We believe that the enterprise, in our case, the credit institutions, is a
matter that produces, consumes and trades services in order to achieve positive economic
effects therefore saving and lending are their direct support. Moreover, credit is the source for
financing growth and welfare, therefore the engine of the capitalist economy


credit institution, specific conditions, authorization, general conditions, credit, savings, undertaking, enterprise

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Associate Editor-in-Chief

  1. PhD. Professor Cornelia Lefter, Academy of Economic Studies, Bucharest, Romania
  2. PhD. Professor Adriana Manolescu, Agora University of Oradea, Romania

Scientific Editor


Executive editors

  1. PhD. Professor Salvo Ando, University “Kore” Enna, Italy
  2. PhD. Associate Professor Alina Angela Manolescu, Agora University of Oradea, Romania

Associate editors

  1. PhD. Professor Alfio D'Urso, University „MAGNA GRECIA” University of Catanzaro, Italy
  2. Agnieszka Wedeł-Domaradzka, University of Economy in Bydgoszcz, Poland
  3. PhD. Alexandru Cordos, Christian University ”Dimitrie Cantemir”, Romania
  4. Law, Assistant Professor José Noronha Rodrigues, Açores University, Portugal
  5. PhD. Professor Luigi Melica, University of Lecce, Italy
  6. PhD. Professor Jozsef SZABADFALVI, University of Debrecen, Hungaria
  7. PhD. Professor Farkas Akos, University of Miskolc,  Hungary
  8. PhD. Szabó Szabó BÉLA, University of Debrecen, Hungary
  9. PhD. Professor Brânduşa Stefanescu, University of Economics, Bucharest, Romania
  10. PhD. Professor Ovidiu Predescu, ″Law Journal″ (assistant chief editor), "Criminal Law Journal″ (assistant chief), Bucharest, Romania
  11. PhD. Professor Ioan-Nuţu Mircea, associated professor ”Babeş-Bolyai“ University of Cluj-Napoca, Romania
  12. PhD. Professor Alexandru Boroi, Police Academy ”Alexandru Ioan Cuza“, Bucharest, Romania
  13. PhD. Professor Luminita Gabriela Popescu, National School of Political Studies and Public Administration, Bucharest, Romania


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