Print

EFFICIENCY OF THE CONSTRUCTION SECTOR IN GREECE

ATHANASIOS PARDALIS

Abstract

The crisis in the construction sector is deep and may become permanent. It is highlighted by the reduction in building permits, the shrinkage of the Public Investments Program, the over 40% discounts (on average) granted in public works, in order to sustain contractor enterprises, the significant drop of structural materials industries and smaller businesses turnover and of course the reduction of their exports.
In a period of negative developments and bleak future predictions for the entire economy and hence the sector, the analysis of the financial course of companies active in it and the reaching of conclusions for the general course of the Construction sector, should be sought in order to reveal co-dependence relations between sectors and prospects or opportunities. The object of the current thesis is the evaluation of the construction sector's financial status in Greece. The analysis provided will allow us to evaluate the development and efficiency of the Construction sector in general.


Keywords

construction sector, efficiency, analysis


JEL Codes: M10, L74

References

Alpha Bank, Weekly Financial Developments Bulletin 12, 2016
Association of Greek Contracting Companies (ΣΑΤΕ), The Greek Construction Sector A/2016
Bank of Greece (a), Currency Policy 2013-2016 (Chapter III, Section 1.2), June 2016
Bank of Greece (b), Real Estate Offices Research Results, Second Quarter, 2014
Bank of Greece (c), Notary Offices Research Results, 2015
Deloitte, Twelfth publication of Deloitte's research titled "European Construction Forces", 2015
European Construction Monitor, Fourth edition of the ECM "Latest tendencies in take-overs and mergers in the European construction sector", 2014
Greek Foundation for Economic & Industrial Research (IOBE), Study assigned to the IOBE by the Greek Association of Companies for Quality and Development of Construction (ΣΕΠΑΚ), titled "The importance of developing the construction sector: Obstacles and outlook", March, 2015
Hellenic Statistical Authority (ΕΛΣΤΑΤ), "Financial data in construction 2008 – 2013", 2015
Hellenic Federation of Enterprises (a), THE STRUCTURAL PRODUCTS SECTOR: Diagnosis of companies' needs in occupations and skills, Athens, 7/2013
Hellenic Federation of Enterprises (b), One century at the service of the entrepreneur idea, Athens, 2016
Livieratos, A., "SWOT Analysis", Workshop Presentation, 11/2015
Moropoulou, A. "HCTP – structural materials – priorities – quality control", KAPE Workshop: Energy efficiency in the design, construction and operation of a building", Athens, 2007
Technical Chamber of Greece, Structural Materials Guides, European Construction Technology Platform, “Vision 2030 & Strategic Research Agenda – Focus Area Materials,” 2005

Full Text: PDF (English)