STRATEGIC OPTIONS TO MINIMIZE THE EFFECTS OF THE ECONOMIC CRISIS ON THE CONSTRUCTION SECTOR IN ROMANIA

Cezar Simion-Melinte

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2013, vol. 7, issue 1, 292-298

Abstract: Within the European Union, the construction sector is one of the most affected by the financial and economic crisis. One of the most relevant indicators of the economic crisis on the construction sector in Europe and in Romania is the number of building permits. The number of building permits in Romania has experienced a downward trend over the years 2011-2012, reaching only 85% of the year 2005. To minimize the effects of the economic crisis on the construction sector it is necessary to adopt policy options such as integrated development of residential areas, business support specifically through greater involvement of employers' organizations specialized in mediation organizations, simplifying the technical and economic documentation and planning for the authorization of construction execution, simplification of law expropriation for public utility, changing public procurement legislation, the creation of entities to successfully participate in major public auction, improving the legislative framework for the mandatory certification capabilities of construction companies.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:7:y:2013:i:1:p:292-298

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