Measures to support the business environment in the context of the COVID-19 pandemic

Abstract

The COVID-19 pandemic has caused an economic recession both regionally and globally. Among the first negative effects we can mention: difficulties encountered by companies in executing contracts, some of them had to send their employees into technical unemployment and, worst of all, some had even stopped their activity. In this context, states around the world have been forced to take concrete steps to help companies and guide them through a prompt action plan. This article analyzes the measures to support the business environment in the context of the COVID-19 pandemic undertaken by some EU member states, as well as by the Government of the Republic of Moldova. To counteract the negative effects of the COVID-19 pandemic, European states have provided significant sums to support companies in difficulty and, in addition, have applied other measures aimed at minimizing the risk of an economic crisis (deferment of taxes, non-collection of interest and delays, temporary tax cuts, measures for the most affected sectors, technical unemployment). As economies enter the stage of economic recovery, it will be important for authorities in all countries to phase out, but as soon as possible, broad support measures and focus on encouraging a competitive business environment, which is essential for a strong recovery, resistant to future crises, as well as for long-term sustainable economic growth.