IMPACT OF THE COVID-19 PANDEMIC ON FISCAL, MONETARY AND ACCOUNTING POLICIES IN EUROPEAN TOURISM AND AGRICULTURE

Lavinia Denisia Cuc, Iulian Encuțu, Petronela Maria Aron

Abstract


The beginning of 2020 brought the whole world into a difficult situation at all levels. The motivation for the research comes from the fact that the global pandemic caused by COVID-19 has led many states to take radical decisions and many sectors have been critically affected, including tourism and agriculture. Comparing the impact of value added tax (VAT) quotas, monetary measures and accounting policies in the tourism and agriculture sector in the European Union and the comparison between COVID-19 measures taken by the top 3 European tourism countries and Romania is one of the objectives of this research . The purpose of this investigation is to study the importance of fiscal, monetary and accounting policies in tourism in Romania and to analyze the measures taken by the states with the most tourists in the European Union and Romania.  This paper can also be considered as a first part of a study on the impact of COVID-19 on tourism and agriculture in which the measures taken during this period are analyzed. Another major objective is to demonstrate that tourism revenues directly impact demand for agricultural products.

Keywords


fiscal policies; accounting; tourism; agriculture; COVID-19

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Copyright (c) 2021 Lavinia Denisia Cuc, Iulian Encuțu, Petronela Maria Aron

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

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