Economics
Public procurement at record high
A record high in public procurement is expected to be reported for 2004, said László Tunyogi, CEO of Hungarian Public Procurement News Bulletin Kft. After last year's figure of Ft 558.4 billion, the amount is to be over Ft 1000 billion this year, 40% of which is spent on highway construction. The all time high until now was in 2002 with Ft 804.6 billion, this year the amount spent is to be 30% higher. The large amount of public procurement represents the economy as dynamic, because infrastructure development attracts investors to underdeveloped areas thus providing jobs for tens of thousands of people for years. (Vg 4) E.C.
