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Microfinance institutions (MFIs) play a vital role in extending financial services to marginalized and underprivileged populations worldwide. While the focus of MFIs has traditionally been on providing financial products, recent research highlights the importance of intangible factors in shaping their success and sustainability. This research examines the influence of factors such as trust, empathy, organizational culture, and reputation on MFI performance. A structured questionnaire was developed, and data were collected from 110 clients. Statistical analysis, including Cronbach alpha, composite reliability, and exploratory factor analysis, was employed to assess the reliability, validity, and dimensionality of the collected data. Three dimensions of service quality were identified: empathy and assurance, trust, and intangibles. While gender differences in perception were observed, they were not statistically significant. However, significant differences were noted across age groups, educational levels, and types of businesses. Understanding and addressing factors related to trust, intangibles, and specific aspects of service satisfaction are crucial for enhancing client engagement and long-term success. By continuously striving to improve service quality, microfinance companies can strengthen client relationships and position themselves in such a way as to achieve sustainable impact and success in the microfinance landscape. [ABSTRACT FROM AUTHOR]

Digital technologies have penetrated all spheres of human life, becoming an integral element of sustainable development, and rural areas and agriculture are no exception. However, the processes of digital transformation possess certain challenges. Among them are ICT penetration, digital literacy of society, and the digital divide. This article aims to evaluate the digital penetration and the digital divide in rural areas of Armenia and identify and propose directions for improvement. For that purpose, a sample survey was conducted among rural households. The questionnaires included questions aimed at assessing digital literacy, as well as the level of ICT penetration and use. In addition, the Digital Devices and Technologies Usage Index (DTUI) was composed and calculated. The comparison of DTUI values revealed that being distant from the capital Yerevan can negatively impact ICT usage and digital penetration. It was revealed that households with higher incomes tend to use more ICT, which can indicate a possible positive relationship between DTUI and can be further studied by integrating econometric regression analysis. To facilitate and accelerate the processes of digital penetration and ICT use in rural areas of Armenia, relevant proposals were presented in the scope of the article. The results of this article can be useful for policymakers and the results part can be relevant for wider audiences. In particular, the recommendations presented in the article can be used by the RA Government as practical state support measures aimed at the promotion of digitalization in rural areas. Further research can include the digitalization issues in urban areas and provide insights into the digital divide between urban and rural areas. [ABSTRACT FROM AUTHOR]

The transition towards the circular economy (CE) is one of the major priorities of the European Union (EU). By observing its benefits through the prism of sustainable development, this study aims to reveal the intricate relationships between the CE and the economy–society–environment nexus across 27 EU countries during the period from 2012 to 2020. Utilizing an extensive dataset comprising 243 observations drawn from the EUROSTAT database, we employed a panel data analysis. In this research, we quantified the impact of CE indicators on key dependent variables: GDP per capita (economic dimension), mortality, morbidity, and the welfare cost associated with exposure to environment-related risks (social dimension) and greenhouse gas (GHG) emissions in the environmental realm. The findings of our study illuminate the multifaceted connections between circular economy practices and the broader goals of sustainable development within the EU-27 context. The CE indicators aggregated at the EU level not only have a beneficial impact on the economy but also on society and the environment. The analysis reveals that each of the six explanatory variables incorporated into the models exhibits the anticipated relationship with at least one of the outcome variables. This research contributes valuable insights for policymakers, public authorities, and other stakeholders seeking to enhance the circular economy landscape in respective countries. [ABSTRACT FROM AUTHOR]

This study aimed at identifying the factors influencing tourists' decisions in choosing their vacation destinations as well as factors influencing their behavior. An online survey was applied to 861 Romanian tourists. The principal component analysis was run to reduce the dimensionality of the 23 items and used to determine the factors that influence tourists' decision in choosing their destination, leading to a four-component solution. The results indicated that aspects related to destination image, destination unique characteristics and the accommodation facilities are more important for women than for the men. Regarding the travel organization factor, there was no statistically significant difference between the two groups. Families and older tourists with high incomes are positively linked to the length of stay. These insights on the factors influencing tourists' decision-making process are of the utmost importance for managers and overall tourism service providers in the design of marketing and management strategies in accordance to tourists' expectations and needs. [ABSTRACT FROM AUTHOR]

The entrepreneurial behavior of individuals is a result of a complex assembly of factors, and education is one of them. The article is aiming to address the scientific gap in the relation between education and the intention and attitudes in entrepreneurship by focusing on the analysis of the economic and entrepreneurial background as a determinant factor. Besides that, the study looked for the factors that influence entrepreneurial intention and intended to find out if there are significant differences between economic and non-economic backgrounds and entrepreneurial intentions of individuals. A survey with 582 validated respondents was employed in the north-west and the west part of Romania to determine the entrepreneurial intention of the residents. For investigating the results, descriptive statistics were used to analyze the socio-demographic characteristics of the respondents, and principal component analysis with varimax rotation was conducted to reduce the number of items used to analyze the entrepreneurial intention of the respondents. The study demonstrated the significance of entrepreneurial education for entrepreneurs and the entrepreneurial process: the higher variance is given by entrepreneurial intention (58.75%) for those with economic studies and by entrepreneurial capacity (58.39%) for those without economic studies. It concludes that entrepreneurial education policies should concentrate on the increase of opportunities for entrepreneurs and on creating a culture of entrepreneurship. Regression analysis revealed that entrepreneurial capacity, personal attraction, social valuation, and entrepreneurial education/economic background significantly predict entrepreneurial intention. [ABSTRACT FROM AUTHOR]

Estimating the efficiency of the investments that generate public benefits is not an easy task, as there are various methods proposed for evaluating the value of public goods and services. The novelty of the study consists of the proposed cost–benefit methodology adapted to a real-value cost concept for estimating the efficiency of the investment in the hydrographic Fâncel watershed, in the center of Romania, using a set of five indicators. The results prove that an investment of RON 1,323,226.29, at the value of 2018, would be paid in 5 years, 0 months, and 15 days. The estimated income is RON 505,327.8/year, so at a 5% financial-discount rate and an estimated period of use of 30 years, the net present value is RON 5,612,730.67. The internal rate of return was calculated as 22%, whereas the value of the savings-to-investment ratio is 3.6%. The main findings of the analysis of the economic-efficiency indicators offer a synthetic and relevant image of the fact that the investment has proven to be effective under the analyzed conditions. The results offer arguments to assume that the decision to consider that particular investment a good practice is fulfilled. [ABSTRACT FROM AUTHOR]

Geographical indications (GI) are designated by a member's region or regions within a designated area when the particular quality, reputation, or other characteristics of a product are related solely to its geographical origin and manufacturing process. Manufacturing methods are carried out according to an established Code of Good Practices. The aim of the study was to offer an overview of the current status of the literature related to geographical indications in Romania. A comprehensive and systematic literature review was conducted, and the search process was carried out using keywords such as 'Romanian geographical indications' and 'Romanian food labels.' These specific words must be found in the title, in the abstract of the papers, and also in the keywords section. Agricultural and food products with geographical indications (including wine and spirits) are included in the research. Products and food not related to the agricultural environment, along with services, were not included. It was discovered that, in order to improve the situation concerning geographical indications in Romania and raise consumers awareness, it would be necessary to introduce new national certification that could be more accessible to both producers and consumers, and that would promote regional taste and encourage the preservation of culinary traditions. [ABSTRACT FROM AUTHOR]

Organic food consumption has increased during the last years as a consequence of its direct impact on consumer health, life style, and social convenience as well as on the environment and sustainable development. Compared to the European level, the consumption of organic food products is quite low in Romania. This paper investigates the perception and attitudes of the organic food consumers from the North-West Development Region of Romania. Consumers’ perception towards organic food products was measured using 30 items. The data were collected from 568 respondents and analyzed using descriptive and inferential statistics. A factor-cluster approach was used to identify consumer groups. The findings indicated that health concerns, sensory appeal, sustainable consumption and weight concerns are the main reasons for consuming organic food products. Three main groups of organic food consumers were identified: “gourmand”, “environmentally concerned” and “health concerned”. [ABSTRACT FROM AUTHOR]

Tourism is a multi-faced activity that links the economic, social and environmental components of sustainability. This research analyzes rural residents' perceptions of the impact of tourism development and examines the factors that influence the support for sustainable tourism development in the region of Nord-Vest in Romania. Residents' perceptions towards tourism development were measured using 22 items, while their support for tourism development was determined using 8 items. Descriptive and inferential statistics were used to analyze the data. Principal component analysis grouped the first 22 variables into 4 factors, and the following 8 variables into 2 factors (sustainable development, destination development). Findings indicate that residents see tourism as a development factor. The natural, economic, and social-cultural environment as well as infrastructure, age, gender and education are factors that influence the sustainable development of tourism. [ABSTRACT FROM AUTHOR]

The tree-growing sector is considered to be an important supplier of food and raw material for industry worldwide. Increasingly competitive decisions regarding international investment in orchards depend on business analysis. This study compares three apple orchards situated in Cluj-Napoca, on the Eastern limits of the Transylvanian Plain, Romania. While the climatic and soil conditions are relatively consistent among the three orchards, the technical and economic results (expressed in hectares) vary due to the use of three different technological systems of apple production: extensive, intensive, and super-intensive. The study compares the life cycle, starting with age of fructification, production level (quantity and quality), costs (investment and production costs-divided into material costs, mechanical costs, human costs, and overhead costs), income, profit (including rate of profit), and investment efficiency: Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP). It was observed that the most economically efficient technological system in terms of investments is the super-intensive one, with a higher production level, a higher share of Extra Class apples, and a younger age of initial fructification. However certain inconveniences of this system-such as a more expensive investment, a higher cost of running the business throughout the year, and a reduced life cycle-cannot be ignored. [ABSTRACT FROM AUTHOR]

Water availability has become a problem in many countries of the world. Water scarcity can be economic or physical. Agricultural water use accounts for about three quarters of total global consumption; in many developing countries, irrigation represents over 90% of the water used. The purpose of this paper is to explore the willingness to pay for irrigation water among the farmers from the boundaries governed by the Kurdistan Regional Government (KRG). During the field study, 236 farmers from KRG were interviewed. The collected data were analyzed for each of the precipitation zones of the area (secured (A) and non-secured rainfed (B)). The contingent valuation method was used to determine the willingness to pay for irrigation water. The following possible independent variables influencing farmers' decisions were considered: the bid amounts; evaluation scale of the water deficit; source of water for irrigation; cultivated area; education and age of respondents; main agricultural activity. In Zone A, the median willingness to pay of the farmers that used ground water for irrigation is 20.28 USD/10 m3, and for the farmers that use other sources of water, the willingness to pay is 11.49 USD/10 m3. The median willingness to pay in Zone B is 18.56/10 m3. [ABSTRACT FROM AUTHOR]

Food consumption behavior during the COVID-19 pandemic has changed worldwide as a consequence of the restrictions imposed by law and/or due to the fear of contamination. Although some similarities are found among countries, there are still many particularities for each nation. The present study focused on Romanian consumers and their consumption behavior related to four main food categories: fruits and vegetables, meat and meat products, bread and bakery products, and milk and milk products. Frequency of buying, shopping habits, place of purchase, and concerns related to the place of purchasing food products during the COVID-19 pandemic were analyzed in comparison with the pre-COVID-19 period using descriptive statistics and inferential statistics regarding an online survey. Three types of behavior were identified as being related to the frequency of buying and to organizing a shopping list (less often, no change, more often). Two groups of consumers were identified as being related to the place of purchasing food: people with the same habits and people with new habits. Concerns related to the location of the stores and to the choice of buying directly from producers were also investigated using the ordered logistic regression. The empirical study revealed the new consumption patterns with a reflection on future trends. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic affected consumers' behavior worldwide. This paper aims to analyze consumers' sustainable food behavior during the COVID-19 pandemic. The research was based on an online survey during May–October 2020 among 859 Romanian consumers. Principal component analysis and cluster analysis were employed to group the consumers based on their behavior. Furthermore, the binary-logistic regression was used to identify the socio-demographic profile of the identified groups. Based on the cluster analysis, the consumers were grouped into three main groups: indifferent, pro-environment protection, and health concerned. The results indicate a positive attitude towards sustainable food behavior. Consumers' attitude towards sustainable food choice is mainly influenced by age and education level. The study offers valuable information for future public policy and marketing campaign regarding sustainable food behavior. [ABSTRACT FROM AUTHOR]

Development of tourism affected the socio-cultural environment of many destinations. Previous studies have focused more on analyzing the impact of tourism on all three dimensions of sustainable development (economic, environment and socio-cultural); therefore, the present paper examines tourism development's impact with regard to the socio-cultural benefits that enhance sustainable tourism development. A survey based on a questionnaire was employed in June 2018 in a mountain village in Cluj County, Romania. The collected data were analyzed using principal component analysis, and several statistical tests were conducted. The results indicated that the respondents have a positive attitude towards tourism development and socio-cultural perceived benefits. Older people and those running a business tend to perceive more positively the benefits of tourism development. The findings of the research could contribute to future development strategies, as it is well known that supporting local communities influences the success of tourism destination. [ABSTRACT FROM AUTHOR]

Common Agricultural Policy (CAP) proposes environmental policies developed around action-based conservation measures supported by agri-environment schemes (AES). High Nature Value (HNV) farming represents a combination of low-intensity and mosaic practices mostly developed in agricultural marginalized rural areas which sustain rich biodiversity. Being threatened by intensification and abandonment, such farming practices were supported in the last CAP periods by targeted AES. This study aims to identify the most important farming trends in a recognized HNV grasslands Romanian site, subject to public conservation actions. The content analysis of multi-actor focus groups transcripts identifies innovation needs for alternative sustainable HNV farming systems, assessing also the most important barriers for their local deployment. Results show that stakeholders have strong awareness about the existence of HNV farming practices in their territory and their negative trends (abandonment; intensification) that might irreversibly affect biodiversity and cultural values. Current AES could not compensate for the existing innovation gaps. Although local stakeholders have basic awareness about alternative innovative approaches, they failed in their deployment mainly due to the lack of collective actions. Access to adapted knowledge reservoirs and the promotion of local innovation catalyzers are essential for the future sustainability of HNV farming practices. [ABSTRACT FROM AUTHOR]

Tourism represents a viable alternative for economic activities in rural areas, and improves the living standards of the communities. The aim of the paper is to assess residents' perceptions towards tourism destination quality in the North-West Development Region of Romania using the following items: natural attractions: cultural and social attractions; accommodation; food; availability of transportation to destination area; quality of information and communication; hospitality of host community; feeling of security and safety. A survey was conducted to collect the data and a total of 433 questionnaires were validated and analyzed. Descriptive and inferential statistics (Principal component analysis, ANOVA, Scheffe multiple range test) were used to analyze the data. Results show that there are statistically significant differences in residents' perceptions between counties. Two of the components of destination quality (general infrastructure and tourism potential) are affected by the gender of residents, while the level of education has no significant effect. A weak and indirect correlation was found between the age of residents and their perception towards a quality destination. This study makes two contributions to the existing literature. First, a questionnaire was developed based on the QUALITEST tool adapted to the realities of the research area. Second, we analyzed the perception of residents towards a quality destination in relation to their socio-demographic characteristics and county of residence. Understanding the implications of tourism development from the residents' point of view helps to increase knowledge about the factors affecting the long-term, sustainable success of tourism destinations. [ABSTRACT FROM AUTHOR]

Organic farming has become an important alternative to conventional farming, mostly because of environmental sustainability issues, and has long-term positive benefits over soil, water, air and climate change, biodiversity, prohibiting the use of genetically modified organisms, and encouraging the development of ecological services. In Romania, the organic food market follows a positive trend, although the consumption rate is still very low compared to the European Union; therefore, it is necessary to identify the main barriers in consumption but also the factors influencing the increase in demand for this category of food products. In order to accomplish these objectives, a survey based on a questionnaire was conducted in the North-West Development Region of Romania, the second most important Romanian region from an economic development perspective. Five hundred and sixty-eight questionnaires were distributed in 2016. The collected data were danalyzed using descriptive statistics and principal component analysis. The results indicated that the most important barrier in consumption was price, followed by perishability and availability. High prices, mistrust, and lack of proper promotion for organic food are the influencing factors for organic food. [ABSTRACT FROM AUTHOR]

In the favorable context of a potential increase in the use of renewable energy sources in Romania, a research was conducted among the rural population in the North-West region of development in order to analyze public perception regarding this alternative energy production. A survey was conducted on a sample of 322 respondents and data was analyzed using different statistical methods (Principal Component Analysis, Cluster analysis, etc.). Results indicated a positive attitude towards renewable energy and support mainly from young and highly educated people. The percentage of users is relatively low and there is little intention in the future to switch to a renewable energy source even if it is perceived as a sustainable way of living. Lack of knowledge regarding renewable energy sources is the most important aspect and authorities should assume a mission in the public education of citizens in order to implement the measures and achieve the goals established in the national strategy plans. [ABSTRACT FROM AUTHOR]

Over the last years, tourism has undergone significant development worldwide, especially in developing countries. Tourism is a multi-faced activity with positive and negative impacts on the destinations, linking the economic, social, and environmental components of sustainable development. The attitude of the host community is an important factor for future tourism planning, management, and development of a tourism destination. As such, the paper analyzes the attitudes and perceptions of the local residents from the Kurdistan Regional Government, located in the northern part of the Republic of Iraq. To achieve the purpose of the research, a survey based on a questionnaire was conducted in Sulaimani and Halabja Governorates. A number of 320 questionnaires were applied in 2016. The collected data were analyzed using descriptive statistics and principal component analysis. The results indicate that tourism is seen as a development sector during the last years. Its positive impacts are better perceived than the negative ones, mainly because it offers more recreational opportunities due to the development of new recreational parks. Tourism increases pollution, this being the most negative aspect mentioned by the respondents, but regardless, they are proud of the progress overthe last years and they support future actions for tourism development. [ABSTRACT FROM AUTHOR]