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State Aid Granted by the European Union for the Recovery of the HORECA Sector

Author

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  • Ioana Claudia Dobre

    (“Ovidius†University of Constanta, Faculty of Economci Sciences, Romania)

Abstract

In this paper, I will analyze the state aid granted in the member countries for the recovery of accommodation and food services, severely affected by the pandemic, coming to the conclusion that in Romania the measures were applied later than in other countries. Thus, through the "HoReCa Scheme", the beneficiary companies in Romania have received state aid recently, after almost 2 years of deep crisis. In the meantime, more than a third of companies have gone bankrupt. Starting from the presentation of state aid in European legislation and the need for it to support economies, I will then draw attention to the major impact of the pandemic on the HORECA sector at European level.

Suggested Citation

  • Ioana Claudia Dobre, 2022. "State Aid Granted by the European Union for the Recovery of the HORECA Sector," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 55-60, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:55-60
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    More about this item

    Keywords

    state aid; subsidies; competition policy; horeca; pandemic;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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