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

PM Fico wants Education Minister’s resignation

Education Minister Peter Plavčan has refused to leave, the Prime Minister demanding his resignation.

Education Minister Peter Plavčan

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Southern Slovakia will face heat again

The first-level warning is issued for the 16th and 17th.