The Implications of Privatization to the Organization Model of Constanta Port

Abstract

The way privatization process has redefined the boundary between public and private sector in Constanta port, in the early 1990s, changed the system of organization of this important strategic point of the Romanian economy. Thus, in just two decades, the economic agglomeration of Constanta port evolved from 8 state enterprises into more than 800 public and private companies. This evolution process has passed through a transition stage when the 8 state enterprises have split into 16 economic entities, which formed the basis for the growth of the private sector. Using a theoretical model of ports organization, the paper points at the way the privatization process has influenced the evolution of the functional structure of Constanta port. The results come to explain some of the anomalies currently recorded in this sector of activity.