THE INCREASE IN THE COST OF ENERGY AND IMPACT ON THE ROMANIAN BUSINESS ENVIRONMENT

Claudiu-Liviu Manea, Marius Dan Bența and Avram Costin Daniel
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Claudiu-Liviu Manea: Doctoral School of Economic Sciences, Faculty of Economics and Business Administration, Craiova, Romania
Marius Dan Bența: Doctoral School of Economic Sciences, Faculty of Economics and Business Administration, Craiova, Romania
Avram Costin Daniel: Faculty of Economics and Business Administration, Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2023, vol. 1, issue 51, 95-100

Abstract: This paper deals with issues related to the increase in the cost of purchasing energy, following the secondary effects related to the liberalization of the markets, which will lead the main clients from the business environment in Romania to conclude that the increase in the cost of energy is a consequence of the decisions established by the main players in the market, those who provide energy and natural gas, decisions aimed at maximizing their profit. In a much more detailed research, a series of remarks can be made, such as that at the basis of the increase in the purchase regarding the fluctuations in the cost of natural gas cost variations of energy and natural gas that consumers have to bear, there are a multitude of aspects imposed by the European Union. and energy, fluctuations that have proven to have created fluctuations in the business environment in our country over time. Following the research carried out, we can conclude that the main causes of the energy and natural gas market that create imbalances in the business environment are: stock market fluctuations which in the current context have proven to be very dynamic and very unpredictable in extremely sudden changes;energy import and transformations generated by cross-border flows; the return to the consumption recorded before the pandemic period; the reorganization of the geopolitical space based on the decisions imposed by the Russian Federation has a very big impact; non-exploitation of natural gas stocks from warehouses to the maximum.

Keywords: business environment; energy; economic imbalances; cost (search for similar items in EconPapers)
JEL-codes: F63 M14 M21 O40 (search for similar items in EconPapers)
Date: 2023
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