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Economic Consequences of the COVID-19 Pandemic for the HoReCa Companies in the Romanian Black Sea Coast Area

Author

Listed:
  • Nicoleta Asalos

    (“Ovidius†University of Constanta)

  • Cristina Mihaela Lazăr

    (“Ovidius†University of Constanta)

Abstract

A social-economic phenomenon with a major impact on economies - tourism is unquestionably anchored to the life of the society with which it is in a direct relation of inter-conditionality. The COVID-19 pandemic has clearly demonstrated that specialized literature has not included so far public health among the determining factors affecting the tourist phenomenon, and implicitly the life of the society. Thus, nations have been able to assess the dramatic economic consequences of this pandemic generated by the Sars-CoV-2 virus for all the sectors for almost a year. This paper is considering the evaluation of the economic consequences that the pandemic generated in the HoReCa sector of the Romanian coast area. These negative consequences for the business environment have different intensities depending on the geographical areas and we will see that in the coastal area the statistics show a smaller decline.

Suggested Citation

  • Nicoleta Asalos & Cristina Mihaela Lazăr, 2020. "Economic Consequences of the COVID-19 Pandemic for the HoReCa Companies in the Romanian Black Sea Coast Area," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 219-223, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:219-223
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    More about this item

    Keywords

    HoReCa; COVID-19 pandemic; economic consequences;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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