Spectator on facebook

Spectator on facebook

TIS: Slovakia saved €30 million thanks to electronic auctions

Electronic auctions can increase the number of competitive bids and save up to 15 percent of the expenses, according to experts from Transparency International Slovensko (TIS). According to a TIS survey published on its website on Wednesday, September 28, if electronic auctions were used in one third of all procurements in Slovakia, they would achieve savings of €250 million a year.

Electronic auctions can increase the number of competitive bids and save up to 15 percent of the expenses, according to experts from Transparency International Slovensko (TIS). According to a TIS survey published on its website on Wednesday, September 28, if electronic auctions were used in one third of all procurements in Slovakia, they would achieve savings of €250 million a year.

TIS experts point out that e-auctions have seen a boom since the general election in 2010, comparing the recent period to 2008-2009, when e-auctions represented less than 1 percent of purchases. Even though the results are still preliminary, they already indicate that the introduction of compulsory electronic auctions was a good step for public finances, TIS said, as quoted by the TASR newswire. TIS’ rough estimate of the amount saved so far is €30 million.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.

No fees bring higher summer roaming

EU regulation raises the volume of roaming calls and data with Slovak mobile operators .

People should pay attention on used data abroad.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness