Vol. 2, Issue 10 (2015)
Construction enterprises problems analysis in the new member states of European Union
Author(s): Lembo Tanning, MSc. Toivo Tanning
Abstract: The goal of this publication is to analyze how were construction companies of the European Union (EU) countries go out of the economic crisis, with special focus to new EU Member States, or Central and Eastern Europe (CEE-8) and the Baltic countries? The aim is to analyse the lessons learned during the economic crisis in the European countries. The objective is to analyse gross value added and changes number of construction enterprises of new EU Member States countries. We analyze of construction enterprises by branch and by employment size class. The situations before the European economic crisis, during the crisis and after the crisis will be viewed. Let us attempt to draw comparisons with EU countries, particularly in the developed economies (EU-15). We will look at how the economic crisis has affected to construction enterprises. In background reviewed to the global economic power situation. The literature review shows in short the crisis theory. It is concerned with explaining the recession, depression and business cycle in economics. Based on this and previous publications, we will offer a number of generalized suggestions.