Ukraine's Finance Ministry switches to state E-procurements

The Government of Ukraine continues carrying out reform of public procurements. Electronic tenders in public institutions will allow to save significant budget funds, as well as to provide public access to government spending.

The Ministry of Finance has signed contracts with electronic trading platforms for conducting e-procurements via ProZorro system, designed to make the bidding process as open, transparent and effective as possible.

The Finance Ministry will conduct procurements via electronic platforms that are not subject to the Law of Ukraine "On public procurements". This concerns the procurement of goods worth up to UAH100,000 and services worth less than UAH1 million.

According to the Ministry of Finance, procurements through the e-system will allow attracting more suppliers, which in turn will allow lowering prices and reducing government spending.

Recall that the Ministry of Justice, Ministry of Economic Development and Trade, Ministry of Infrastructure, Ministry of Defense, Ministry of Health and a number of other government agencies Ukraine are already participating in the pilot project of electronic public procurement.