The public procurement market in the EU is huge. Every year more than a quarter of a million public institutions and authorities in the EU spend around 14% of GNP on acquiring services, construction works and goods of all kinds.\r
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This is an important channel for public spending and provides a market for goods, services and construction works from both domestic and foreign companies.\r
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In recent months, EU member states have stepped up their efforts to implement new procurement directives:\r
Directive 2014/24/EU on public procurement (known as the 'classic directive'), Directive 2014/25/EU on procurement by entities operating in the water, energy, transport and postal services sectors (the 'sector specific directive'), and Directive 2014/23/EU on the award of concession contracts.
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