English to Arabic Bus/Financial Business/Commerce (general)

Ensuring transparency below the European Union threshold in Sweden
In Sweden, public procurement is regulated by the Public Procurement Act (LOU), which is based on the Directives of the European Commission. After 1992, when the Swedish Government implemented the Public Procurement Act, the share of openly advertised public procurement in the GDP15 increased significantly at the European Union level (from 0.12% in 1993 to 3.4% in 2004). It is one of the highest among EU member states.
The Government took one step further in July 2001 by making the publication of notices below the European Union threshold mandatory in Sweden. Before this date, there were no laws regarding advertisement, only rules that the public bodies had to invite at least three bidders in an open procurement process.