The impact of Covid-19 Pandemic on Romania’s business environment

Dalina Andrei

MPRA Paper from University Library of Munich, Germany

Abstract: Our paper tries to have an image on companies in Romania through the official statistical data of the National Office of the Romanian Trade Register (ONRC) regarding the authorized individuals and legal entities active in Romania, then some more data and opinions vis-à-vis provided by National Institute of Statistics(INSSE) and finally several surveys conducted by consulting companies in the same area of studying. We’ll even attempt to ‘draw’ a kind of behavioural ‘portrait of Romanian business people’ to find then how much these subjects saw themselves affected by the current Covid-19 health crisis. Basically, this latest is supposed to have a major impact on the international business environment. More about what is here happening beyond company registrations, insolvencies and other company related events and legislation is needed. Existing descriptions in the press and literature need improvements either. We will equally take into account, in the text below, the responsibility of companies' shareholders face to: expectations, businesses financing options, difficulties and difficult periods facing solutions, plans and strategies for near future. The impact of some measures taken by government authorities to support the business and entrepreneurs will also be taken into account.

Keywords: new companies formation; entrepreneurship; Covid19 economic impact; romanian business environment (search for similar items in EconPapers)
JEL-codes: I14 I15 M1 M13 M2 (search for similar items in EconPapers)
Date: 2021-01-10, Revised 2021
New Economics Papers: this item is included in nep-ent and nep-tra
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