Budapest, August 27 (MTI) – The value of public procurements in Hungary fell by 25.6 percent to 866.1 billion forints (EUR 2.8bn) in the first half from the same period a year earlier, the office that manages the procedures told MTI.
The Public Procurement Office attributed the decline to a fall in the number of tenders financed with European Union funding. The value of tenders supported by the funding dropped to 271.7 billion forints from 641.5 billion forints during the period.
The overall number of public procurements fell by 19 percent to 5,622 in the first half of this year. About 37 percent were for services, 31 percent for goods and 31 percent for construction.
In value terms, construction procurements accounted for 41.6 percent of the total, while goods made up 32.1 percent and services 26.2 percent.
The participation rate of microbusinesses and SMEs in the public procurements reached 49 percent, in value terms, in the first six months of this year, up from 40.7 percent in the same period a year earlier.
Parties launched 535 disputes against decisions with the Hungary’s Public Procurement Arbitration Board (KDB) in the first half of 2015, about 64 percent more than in the same period a year earlier. The board established violations in 95 cases.