۱٫ Introduction

۲٫ The evolution of the Romanian economy compared to other EU-member states of the east European region

۳٫ Public administration reforms in Romania during the economic crisis

۴٫Short conclusions

Acknowledgements

References

When we think back to the financial crisis which has been over for a few years now, we can only see the negative aspects. However, the positive aspects are incontestable. One of these aspects is represented by the efforts of making the public administrative processes more efficient. Managers of public institutions were obligated, due to lack of funds, to concentrate on creating and/or developing various mechanisms in order to optimize the internal processes with the intention of assuring the development of their activities and obtaining their overall objective. By doing this, they gained the importance of organizational functions such as internal public audits, internal managerial control and governess. The intent of this paper is to present the efficient process which took place in public administration sector of Romania during the financial crisis and immediately after. In order to better understand this procedure, a comparative analysis between the process implemented in Romania and the ones applied by the European Union will be discussed. The conclusions which will be formulated due to this study can be applied both theoretically as well as practically.

Introduction

Financial crises are generally events of negative implications on national economies and societies. However, the same events represent also opportunities for improvement of economic and administrative processes. These processes are redesigned, so that they are carried out with increased efficiency, efficacy and economy (Dumitrescu – Peculea, 2015). Also, the assessment of risks is re-evaluated, and strategies are formulated accordingly. This was also the case of Romania. Following the crash of markets in 2008-2009, Romania has appealed to international monetary institutions like the International Monetary Fund (IMF) in order to secure at least partially the financial stability of the country. Triggered by these institutions, the reforms were oriented towards both cost reduction and efficiency increase in sectors that produce losses for the stats, as well as administrative reforms (Rosenbloom et al., 2009).Due to the influence and demands of Romania’s creditors, goals have been revised, strategies have been adapted and processes have been optimized (Pop, 2010). Also, the lack of sufficient funding forced managers of public institutions to concentrate on creating and developing mechanisms that lead to optimization of internal processes (Public Administration Consolidation Strategy, 2014; Dumitrescu – Peculea et al., 2014). Thus, this improvement process did not take plate only at government level, but also at institution level.