Comparative Analysis on Financial Performance and Sustainable Incentives in the Construction Sector. Evidence from the Coastal Area of Romania

Munteanu, Ionela

doi:10.35219/eai15840409168

Cited by 2 publications

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“…The construction market has undergone a similar evolution. In 2019 there was an interest in the development of real estate projects (Stan and Vintilă, 2021a;Munteanu, 2021), probably also due to the access to funds for the economic agents working in the construction sector from Constanța County, which determined an increasing trend of investments (Stan and Vintilă, 2021b). In the first part of the year 2020 it stagnated, whereas in the second part it registered massive increases.…”

Section: Discussionmentioning

confidence: 99%

An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development

Aivaz

Avram

2021

TSSJ

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As time went on, Constanta County has become one of the emerging poles of residential development in Romania, primarily due to its excellent positioning as an economic hub driven by international trade, doubled by a tourism potential with a high degree of long-term growth. In this context, performance measurement remains a constant concern of the entire economic sector that can ensure the progress of an entity. The purpose of this paper is to carry out a dynamic analysis over an 11-year period of the profit margin at the level of the economic agents in Constanta County whose main object of activity is, according to the NACE classification, Real Estate activities/transactions. In the analyzed period, the year 2015 stands out, in which the resumption of lending for large projects and the return of investor confidence in the real estate sector created a contagious euphoria on the market which, coupled with the income accumulated in the crisis by investors looking for profitable capital investments, led to the emergence of a wave of acquisitions, thus stimulating the real estate transactions market. Moreover, although the Coronavirus pandemic has affected the entire planet, more precisely all the economic sectors and the real estate market has not been an exception, the evolution of real estate transactions in the year 2020 was beyond the expectations of specialists in Romania, Romanians showing an appetite for this kind of transactions also in the year of the pandemic.

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Section: Discussionmentioning

confidence: 99%

An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development

Aivaz

Avram

2021

TSSJ

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“…Having in view the restrictions on, and the new regulations of international travel, the same scholars argue that local communities also play a vital role in this regard and that their framework would both enlarge the tourism base and entail new opportunities and advantages for the less-developed tourism areas, small-scale players being thus enabled to win on the pandemic battlefield, to safeguard the social well-being and to support sustainable tourism. In a similar approach, the analysis of tourism indicators in the Romanian coastal area, which was severely affected by the effects of the pandemic, is of interest if it is correlated with investment indicators in the construction field, which show an increase in the interest to expand tourist accommodation (Munteanu, 2021). Even though during the lock-down periods people traveled less for recreational purposes, the investments in tourist infrastructure increased during this period, new perspectives for the diversification of local coastal tourism being created.…”

Section: Introductionmentioning

confidence: 99%

An analysis of the impact of the COVID-19 pandemic on the number of tourists arriving in Romania using the correspondence factor analysis

Aivaz

Micu

2021

TSSJ

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Due to the restrictions imposed during the COVID-19 pandemic, but also to the reluctance of the consumers to travel, tourism is one of the most affected sectors worldwide. Romania was no exception to this truth, as most vacations were canceled, and travel budgets were cut. However, Romanians have not lost their appetite for travel, opting, as will be seen in this study, for holidays in their own country, for destinations as close to home as possible, with the possibility of canceling without a penalty. Those who chose foreign destinations preferred Bulgaria, Greece or Turkey. This paper aims to carry out a dynamic analysis of the number of tourists arriving in Romania in the 2018-2020 period by two distinct categories: Romanian tourists and foreign tourists, and to identify the links between the statistical variables: year and region. Our conclusion was that 2020 was the year of the rediscovery of Romania by Romanians, this pandemic representing a chance to reposition our country among European destinations.

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Comparative Analysis on Financial Performance and Sustainable Incentives in the Construction Sector. Evidence from the Coastal Area of Romania

Cited by 2 publications

References 0 publications

An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development

An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development

An analysis of the impact of the COVID-19 pandemic on the number of tourists arriving in Romania using the correspondence factor analysis

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