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Romanian Economy in Terms of Economic and Financial Crisis

Author

Listed:
  • 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.

Suggested Citation

  • Ionescu Adriana & Constandache Mihaela & Condrea Elena, 2010. "Romanian Economy in Terms of Economic and Financial Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 360-363, October.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:360-363
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2010p2.pdf
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    More about this item

    Keywords

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

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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