Romanian Economy in Terms of Economic and Financial Crisis

Ionescu Adriana (), Constandache Mihaela () and Elena Condrea ()
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Ionescu Adriana: „Dimitrie Cantemir” Christian University, Faculty of Touristic and Commercial Management Constanta
Constandache Mihaela: „„Dimitrie Cantemir” Christian University, Faculty of Touristic and Commercial Management Constanta

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 360-363

Abstract: Economic crisis in Romania fully installed by the end of 2008, resulted in dramatic decreases among companies of significant adjustment costs and budgets. In an attempt to keep business afloat, companies are looking for effective solutions ranging from cash flow monitoring, renegotiating contracts with suppliers rethinking strategies tailored customer service to more drastic solutions, such as redundancies of staff.

Keywords: economic crisis; budget deficit; lower incomes; declining demand; wage restructuring. (search for similar items in EconPapers)
JEL-codes: O1 O11 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:360-363

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