Rule changes designed to eliminate fraudulent bids

  • 2014-05-01
  • From wire report
TALLINN - The Estonian state will toughen the requirements for participating in state procurements, in order to keep tax evaders and fraudulent bidders away. Through new procedures, it is also hoped to gain around 8 million euros for the state budget, reports Postimees.Estonian Tax and Customs Board (TCB) estimates show that currently the state loses up to 17 million euros a year in the construction industry. State procurements form around a half of the total construction market. TCB deputy director general Egon Veermae says that the state could regain nearly a half of that by tough...
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