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The Coronavirus Pandemic and Its Impact upon Companies from Bihor County

by | Jun 9, 2022 | DOI 2021 Conference Proceedings

Ciprian-Beniamin Benea – University of Oradea, Bihor county, Universitatii No. 1, Oradea, Romania
Adrian Negrea – University of Oradea, Bihor county, Universitatii No. 1, Oradea, Romania
Adina Sacara Onita – University of Oradea, Bihor county, Universitatii No. 1, Oradea, Romania

 

DOI: https://doi.org/10.31410/ITEMA.2021.43

 

5th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2021, Online/virtual, October 21, 2021, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-51-6, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2021

 

Abstract

As the pandemic force started to affect the whole world in the first part of 2020, Romania’s economy and society made no exception; as the pa­per shortly presents the effects and perspectives brought by this pandemic upon humankind, the main focus of the paper is a region in Romania, Bihor county, respectively. It presents how COVID-19 influenced normal econom­ic-social activity, and the way the Romanian government reacted to this global problem, through different instruments, such as subsidies. The main purpose of this article is to present the way COVID-19 affected a region in an Eastern European country and the way the Romanian government searched for a solution in order to reduce the negative influences of this plague. The main method of analysis is based on statistical data collected by and from a regional employment agency from Bihor county (AJOFM-Bihor).

Keywords

Bihor county; COVID-19; Kurzarbeit; Subsidies

​References

Agenţia Judeţeană de Ocupare a Forţei de Muncă – AJOFM Bihor (2021).

Benmelech, E., & Nitzan, T.-I. (2020). The Determinants of Fiscal and Monetary Policies During the COVID-19 Crisis, Working Papers 27461, National Bureau of Economic Research, Inc.

Giegerich, B., McGerty, F., & Round, P. (2021). The Geo-economics and Geopolitics of COV­ID-19: Implications for European Security, London, IISS.

ILO Monitor, (January 2021). COVID-19 and the World of Work. 7-th Edition.

IMF Fiscal Monitor, October (2020).

World Bank Global Outlook (2020).

Yeyati, E.L., & Filippini, F. (June 2021). Social and Economic Impact of COVID-19, Brookings Global Working Paper #158.

 

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