Value of public contracts grows by 43 percent in H1

The value of public contracts in the Czech Republic between January and June 2014 year-on-year increased by 43 percent to 191 billion crowns the Czech News Agency reported Thursday – citing analysis by CEEC Research. According to the news agency, three major contracts by CEPRO – active in the transportation, distribution and storage of oil products – had the largest impact on growth, valued at 88.4 billion alone. The number of public contracts in the January-June period was listed at 5,960. The amount of new public tenders, meanwhile, was 4,330 – a rise of 20 percent. Public contracts have reportedly increased most in the construction sector, which saw growth after five years.