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

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico