Value of Public Procurement Procedures Falls One-Fifth

The value of public procurement procedures fell about one-fifth, while the number dropped one-quarter in the first half from the same period a year earlier, showing the economic impact of the pandemic, the Public Procurement Authority told MTI. The 3,746 public procurement procedures had a value of about 1,346 billion forints (EUR 3.9bn).

EIB and Afreximbank direct EUR 300m of support to African COVID response

The European Investment Bank (EIB), the lending arm of the European Union, and the African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, are directing EUR 300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic.