10. February 2016 at 23:47

Investors: record low in public procurements during 2015

INVESTORS in Slovakia announced a record low number of public procurements in 2015, a total of 7,331, which is the least in last four years.

ÚVO central registry, illustrative stock photo ÚVO central registry, illustrative stock photo (source: Sme )
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The volume of investments amounted to €7.7 billion a year, thus growing by 15.7 percent. This stems from an analysis carried out by the CEEC Research company, based on data from the Public Procurement Office.

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The number of tenders announced fell last year in 9.1% compared to 2014 when 8,064 were announced (in 2013 there were 9,919 tenders, and in 2012 8,916).

Of last year’s public procurements, 44% were completed (totally worth almost €2 billion, which is 26% of the volume of procurements announced). After deducting the completed and abolished public procurements, 65% of the procurements, worth a total of €5 billion, remain in the system, the head of the company, Jiří Vacek, told the TASR newswire.

Last December, investors announced 1,212 procurements worth €628 million, a record for one month in 2015. Compared with the same period in 2014, this means an increase in 69.7% in numbers and 40.3% in volume. The biggest order of that month was for the modernisation of tram rails in Košice, worth €88 million.

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For the 12 months of last year, investors finished and assigned to specific companies a total of 5,861 public procurements worth totally €4.5 billion. Although the number is almost the same compared year-on-year, the volume declined markedly, by 30.7%. This disproportion is caused mainly by smaller orders being completed in 2015, according to the analytical company.

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