Bidder withdraws complaint in M7 tender

In Hungary

A consortium of companies bidding to build a 35.5-kilometer section of the M7 motorway has withdrawn an appeal against the tender with the Public Procurement Arbitration Board (KDB), allowing a decision to be taken as soon as the coming week, the National Motorway Rt (NA), which called the tender, announced on Wednesday.

Work on the stretch could start as soon as August, NA said. The KDB suspended the procedure after Adria Consortium complained it had received the invitation to the negotiated procedure just a day before the deadline for bidding. The KDB also suspended the procedure in April.
NA noted it had decided on a negotiated procedure for the tender in order to cut costs.
The stretch was scheduled to be completed by December 2007, but the suspensions could push the deadline for finishing the project to 2008, NA said.


Lawmakers Approve No-fee Cashback Service Banking

Lawmakers Approve No-fee Cashback Service

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

New Home Prices Edge up 3% Residential

New Home Prices Edge up 3%

Tourism Nights Down 0.2% y.o.y. in October Tourism

Tourism Nights Down 0.2% y.o.y. in October


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.