Századvég awarded no-bid contracts in July totaling HUF 118 million

July 24, 2015


It has been a good couple of weeks for economic research company Századvég Gazdaságkutató Zrt. and its foundation Századvég Politikai Iskola Alapítvány, having won HUF 118.2 million (USD 420,000) worth of no-bid contracts from the Ministry of National Development to prepare studies on the following topics:

  • how family finances have changed since 2010 (HUF 19.6 million),
  • how the state’s role has strengthened in the wake of the 2008 crisis (HUF 19.6 million), and
  • how the socio-economic status of various groups has changed since 2010 (HUF 19.3 million),

Századvég Gazdaságkutató Zrt. will be preparing studies on the following topics:

  • the relationship between economic output and income inequality after the 2008 crisis (HUF 19.8 million),
  • what Hungary’s energy “vision” will be until 2040 and how energy consumption will change (HUF 19.85 million), and
  • how will EU subsidies to Hungary help develop Hungary’s economy between 2014 and 2020 (HUF 19.95 million).

According to the Public Procurement Bulletin, the studies must include in-depth interviews with domestic and foreign experts, and foreign language literature. The studies will be prepared for the benefit of the Office of the Prime Minister.

The fact that each contract was well under HUF 25 million enabled the Ministry for National Development to award them without issuing a public call for tenders.

Previously, the ministry had awarded a HUF 3.9 billion, three-year contract to a consortium consisting of Századvég and Strategopolis Kft., the company founded and intermittently owned by the current state secretary for communications for the Office of the Prime Minister, András Giró-Szász.  In May 2015 the Hungarian National Bank awarded a HUF 1.8 billion (USD 6.4 million) contract to the Századvég foundation, even though a consortium led by Kopint-Tárki had offered to perform the same work for HUF 1.18 billion, that is, some HUF 620 million (USD 2.14 million) less.  Kopint-Tárki formally contested the decision, claiming that the winner’s proposal failed to meet the criteria set forth in the public tender.  The central bank reportedly rejected the complaint.

Századvég Gazdaságkutató Zrt. was founded in March 2010.  According to Cé it enjoyed revenues of HUF 936 million in 2012, HUF 389 million in 2013, and HUF 759 million in 2014.  The majority owner of the company is Kristóf Szalay-Bobrovniczky.