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Romanian Economy in Terms of Economic and Financial Crisis

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Author Info

  • 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)

  • Condrea Elena

    ()
    („Dimitrie Cantemir” Christian University, Faculty of Touristic and Commercial Management Constanta)

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.

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File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2010p2.pdf
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Bibliographic Info

Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

Volume (Year): X (2010)
Issue (Month): 2 (October)
Pages: 360-363

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Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:360-363

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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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Related research

Keywords: economic crisis; budget deficit; lower incomes; declining demand; wage restructuring.;

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