Breaking News

EU Fines Three Banks in Swiss Franc Libor Antitrust Cases
Tweet TWEET

East German States Spend More Efficiently Than West, Welt Says

East German federal states spend taxes in a more transparent and efficient way than their peers in the west, holding public tenders a lot more often which increases competition, Die Welt reports, citing a study by German Tender Agency DTAD commissioned by the newspaper.

Brandenburg leads the ranking with 2,038 tenders for each 1 billion euros spent while the city of Hamburg ranks worst holding 477 public tenders for that amount, Die Welt said, citing the study.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.