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 photoÚVO central registry, illustrative stock photo (Source: Sme )

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.

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.

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. 

Get daily Slovak news directly to your inbox

Theme: Economics

Read more articles by the topic

Top stories

A curfew for those who refuse testing? Lawyers and president have doubts

The government risks the Constitutional Court canceling the nationwide testing.

Illustrative stock photo

Most Slovaks plan to participate in the nationwide testing

But people are also afraid of becoming infected and organisational chaos.

First steps towards renewing public trust in the judiciary

In an in-depth interview, Minister of Justice Mária Kolíková outlines her ambitious plan to renew public trust in the judiciary.

Mária Kolíková