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

Abstract

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.

A Sectoral-Based Approach to the Link Between Financial Performance and Sustainability

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Deciphering green infrastructure patterns in Eastern Europe: focus on Bucharest, Romania and Chisinau, Republic of Moldova

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Does the activity of passenger transport have growth potential for the sustainable development of Constanta County?

“…In the generic sense, the predilection for creating a sustainable material base seems to confirm the prospects of continuity and profitability in the case of the companies which offer direct or indirect services to other entities, such as those in passenger transport. Although the number of companies operating in this economic subcategory is not very large at the level of Constanța County, it still includes a number of strong players on the local economic scene, being representative for a number of companies active in promoting innovation and environmental care (Aivaz and Avram, 2021).…”