The Croatian government's financial aid for companies in Croatia during COVID-19 crisis

undergraduate thesis

• Title (croatian): Financijska pomoć vlade RH za firme u Hrvatskoj tijekom COVID-19 krize
• Author: Marin Ćuk
• Mentor: Šime Smolić (mentor)
• Committee member: Šime Smolić (predsjednik povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Macroeconomics and Economic Development); Zagreb
• Defense date and country: 2021-09-27, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Macroeconomics

Abstract

The pandemic of coronavirus is a crisis that hit the world like no other crisis before. A shock that came in when the Chinese city of Wuhan collapsed due to the uncontrollable spreading of a new, unknown disease was a trigger to the world that everything is about to change. Since the human race kept evolving in ways of technology usage, transportation means and spreading of information, the COVID-19 pandemic had easy access to every country in the world. Our planet has never been more connected to its ends as it is today, but that fact, in this situation, was a negative thing because we were all open for the virus to attack every single one of us. Naturally, the primal instinct in us acted in a way to save our lives through our health perseverance, which made our governments declare immediate lockdowns to minimize the potential spreading of the virus. In the short run, it is effective, but in the long run it puts the economy in a dangerous position because a lot of jobs become sufficient in these times and they are the first ones to be sacrificed. This economic crisis hit Croatia as well so there was a huge need for government interference in terms of financial support to companies in Croatia. In this undergraduate thesis, the financial aid by the Government of the Republic of Croatia will be thoroughly examined in terms of how it started, which industries were hit the most, how quickly did our government act on that behalf, how much money was invested and what would be the consequences of this crisis and of the help provided by the government.

Abstract (croatian)

Pandemija koronavirusa kriza je koja je pogodila svijet kao nijedna druga do sada. Šok koji je uslijedio kada se kineski grad Wuhan zatvorio zbog nekontroliranog širenja nove, nepoznate bolesti bio je okidač za svijet da će se sve promijeniti. Budući da su se ljudi neprestano razvijali u načinima uporabe tehnologije, prijevoznih sredstava i širenja informacija, pandemija COVID-19 imala je lak pristup svim zemljama svijeta. Naš svijet nikada nije bio povezaniji sa svojim krajevima kao što je danas, ali ta je činjenica, u ovoj situaciji, bila negativna jer smo svi bili izloženi potencijalnoj zarazi. Naravno, instinkt u nama djelovao je na način da spasimo svoje zdravlje, zbog čega su naše vlade proglasile trenutne blokade kako bi smanjile potencijalno širenje virusa. Kratkoročno, to je učinkovito, ali dugoročno dovodi gospodarstvo u opasan položaj jer puno radnih mjesta postaje suvišnim u ovim vremenima i oni su prvi žrtvovani. Ova gospodarska kriza pogodila je i Hrvatsku pa je postojala ogromna potreba za uplitanjem vlade u smislu financijske potpore tvrtkama u Hrvatskoj. U ovom će se preddiplomskom radu temeljito ispitati financijska pomoć Vlade Republike Hrvatske s obzirom na to kako je započela, koje su industrije najviše pogođene, koliko je brzo naša vlada djelovala, koliko je novca uloženo i koje će biti posljedice ove krize i pomoći koju je pružila vlada.

• Keywords: financial aid; support; pandemic; crisis; Croatia; government; companies
• Keywords (croatian): financijska pomoć; potpora; pandemija; kriza; Hrvatska; vlada; firme
• Language: english
• URN:NBN: urn:nbn:hr:148:584788
• Study programme: Title: Business Economics in English; Study programme type: university; Study level: undergraduate; Academic / professional title: sveučilišni/a prvostupnik/ prvostupnica(baccalaureus/ baccalaurea) ekonomije (sveučilišni/a prvostupnik/ prvostupnica(baccalaureus/ baccalaurea) ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access; Embargo expiration date: 2022-09-29
• Created on: 2021-09-28 17:53:24