FISCAL MEASURES ADOPTED BY ROMANIA IN THE COVID-19 CONTEXT IN ORDER TO HELP COMPANIES AVOID INSOLVENCY

The Covid-19 pandemic has been affecting for more than a year all countries economies, by generating an overall sanitary crisis. In order to prevent the spreading of the Covid-19 virus, countries across the world have limited or even forbidden temporarily several economic activities, which has led t...

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Bibliographic Details
Published in:Challenges of the Knowledge Society 2021-05, Vol.14 (1), p.165-171
Main Author: Costea, Corina Georgiana
Format: Article
Language:English
Subjects:
Coronaviruses
COVID-19
covid-19 pandemic
Disease transmission
Economic activity
fiscal measures
global economy
Insolvency
Jurisprudence
Liability
national economy
Pandemics
State of emergency
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Summary:The Covid-19 pandemic has been affecting for more than a year all countries economies, by generating an overall sanitary crisis. In order to prevent the spreading of the Covid-19 virus, countries across the world have limited or even forbidden temporarily several economic activities, which has led to a financial blockage in some industries, especially in the touristic industry. In response to the devastating economic effects, the Romanian Government has adopted several measures andfiscal mechanisms for companies, aiming at preventing their insolvency and therefore revitalizing the national economy.
ISSN:2068-7796
2359-9227