Fiscal Instruments to Protect the Business Environment in Times of Pandemic

Daniela Hudelcu ()
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Daniela Hudelcu: PhD, University of Bucharest, Bucharest, Romania

Postmodern Openings, 2020, vol. 11, issue 3, 344-358

Abstract: Starting with the decree of the state of emergency, the business environment in Romania was severely affected in terms of organization and operation. Companies without cash and debts to the state budget, felt the interruption/suspension of the activity acutely, even within a legislation granting fiscal facilities, pre-existing the establishment of the state of emergency. The speed with which things evolved, viewed in the economy as a whole, normative acts regarding some fiscal-budgetary measures and the behavior of the business environment determines even today a careful analysis of the future situation of all factors involved in economic development. This article aims to draw attention, the effectiveness of those fiscal protection instruments with immediate applicability to large companies, given that the economic impact on small and medium-sized companies was felt more strongly, according to legal regulations.

Keywords: business environment; entrepreneur; fiscal facilities; fiscal instrument; pandemic; fiscal policy (search for similar items in EconPapers)
JEL-codes: A23 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:lum:rev3rl:v:11:y:2020:i:3:p:344-358

DOI: 10.18662/po/11.3/219

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