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The Effects of Uncertainty and the Asymmetric Impact of the Economic Crisis on Sectors of Activity and Companies in Romania

Author

Listed:
  • Ionescu Adriana

    (Christian University „Dimitrie Cantemir”, Faculty of Tourism and Commercial Abstract Management, Constanþa, Romania)

  • Catanã Petronela

    (Christian University „Dimitrie Cantemir”, Faculty of Tourism and Commercial Abstract Management, Constanþa, Romania)

  • Pîndiche Elena

    (Christian University „Dimitrie Cantemir”, Faculty of Tourism and Commercial Abstract Management, Constanþa, Romania)

Abstract

Economic strategies for today's Romania should be in this time of crisis, more than ever, a priority for both government and main political and professional organizations, economic research institutes and universities in the field but also general business environment. But the economic crisis in Romania full installed at the end of 2008, resulted in dramatic decreases in spending among companies and significant adjustments budgets. In an attempt to keep business afloat, companies looking for effective solutions ranging from monitoring of cash flow, renegotiating contracts with suppliers, rethinking strategies tailored customer service, to more drastic solutions, such as redundancies personal.

Suggested Citation

  • Ionescu Adriana & Catanã Petronela & Pîndiche Elena, 2012. "The Effects of Uncertainty and the Asymmetric Impact of the Economic Crisis on Sectors of Activity and Companies in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 751-756, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:751-756
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    More about this item

    Keywords

    economic crisis; anti-crisis measures; crisis support; economic decline; the analisys of macroeconomic;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General

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