INVESTMENTS IN AGROTOURIST ESTABLISMENTS FROM MOUNTAIN AREA AND FORECASTS RELATED TO THEIR RECOVERY

• Ciolac, R.
• Constantinescu, S.
• Strain, L.
• Rujescu, C.
• Balan, I.

Abstract:

Many EU governments recognize that rural tourism is an alternative that can save agriculture and that "over the next 20 years, tourism will be the mainstay of the economy, and tourism and rural tourism will become the tourism of the future". Peculiarities of rural tourist areas, various financing arrangements for the purpose of investment in rural tourism, create for the future investor many dilemmas. There are many regions in that serve to be promoted and visited, particularly for traditional, specific, authentic products that it offers. The paper’s goal is to realize an overview of the valuable elements of a rural, mountainous area from Romania, still not appropriate exploited in terms of tourism. Furthermore, the purpose is to realize a concrete study specifically on how the employment degree of an agrotourist household influences payback time. Were analyzed cases considered: (I.a) total investment, without loans, (I.b) total investment, subsidized with 50% case, (II.a) investment with 10 year loan, advance 50%, 7% interest, (II.b.) 10 year loan investment with 50% advance, interest 7%, subsidized with 50% case, (III.a) the investment with 10 year loan, advance 0%, 7%interest (III.b.) investment with 10 year loan, advance 0% 7% interest, subsidized with 50% case.

SGEM Research areas:

• SOCIAL SCIENCES: Section Economics and Finance

Year:

2016

Type of Publication:

In Proceedings

Keywords:

investments; agrotourist establishments; recovery

Volume:

16

SGEM Book title:

3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2016

Book number:

2.3

SGEM Series:

International Multidisciplinary Scientific Conference on Social Sciences and Arts-SGEM

Pages:

705-712

Publisher address:

51 Al. Malinov blvd, Sofia, 1712, Bulgaria

SGEM supporters:

SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci & Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts & Letters; Acad Fine Arts Zagreb Croatia; C

Period:

24-30 August, 2016

ISBN:

978-619-7105-74-2

ISSN:

2367-5659

Conference:

3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2016, 24-30 August, 2016

DOI:

10.5593/SGEMSOCIAL2016/B23/S07.088