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Tax Facilities for Romanian Companies in Combating the Crisis Generated by COVID-19

Authors :
Lucia Morosan-Danila
Otilia-Maria Bordeianu
Source :
Ovidius University Annals: Economic Sciences Series, Vol XXI, Iss 1, Pp 369-376 (2021)
Publication Year :
2021
Publisher :
Ovidius University Press, 2021.

Abstract

The year 2020 was a challenging one, both medically and economically. The pandemic that has swept the world has produced a series of changes in the economy, causing crisis and a major shock for the entire European and global economy. All states have been put in a position to take certain measures at both the political and budgetary levels to support the economy. The rapid spread of the virus, the large number of illnesses and the state of emergency we entered at the beginning of 2020, led to an economic deadlock followed by an increase in the unemployment rate, due to the fact that many companies have stopped or significantly reduced activity due to lack of demand. This paper highlights the main effects of the pandemic on the companies from Romania, leading to the support given by the state in order to support them to face the direct repercussions.

Details

Language :
English
ISSN :
23933127
Volume :
XXI
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Ovidius University Annals: Economic Sciences Series
Publication Type :
Academic Journal
Accession number :
edsdoj.5da4124584384daf9e3049f4432bbf82
Document Type :
article