Profit Versus Insolvency In Romanian Economy

Gabriela Corina Slusariuc () and Anca Jarmila Guţă ()
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Gabriela Corina Slusariuc: University of Petroşani, Romania
Anca Jarmila Guţă: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2010, vol. 10, issue 2, 323-330

Abstract: The recession has affected a proportion of 6-7% in Romania, which confronted with the consequences of current deficit and sizable debts in foreign currency. Under these circumstances, Romanian companies faced big difficulties, therefore just a little part of them managed to reach their target - to get profit. Most of the companies are recording losses, and are in insolvency procedure.

Keywords: profit; insolvency; rating country; corporations; crisis (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:10:y:2010:i:2:p:323-330

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