Economy

Ukrainian Finance Ministry switches to E-procurements

Ukrainian Finance Ministry switches to E-procurements

The Finance Ministry of Ukraine has switched to electronic state procurements.

According to the Friday statement on ministry's website, the ministry signed agreements with two e-commerce sites SmartTender. biz and E- Tender in order to carry out e-procurements via ProZorro system ( http://prozorro.org/), which was created upon the initiative of NGOs, IT companies and commercial electronic platforms with the support of Ukrainian government agencies.

The Finance Ministry will conduct procurements that don't fall under the law "On carrying out state procurements" via these platforms. It concerns the procurement of goods and services worth less than UAH 100,000 and paying for work worth less than UAH 1 million (without VAT).

According to Deputy Finance Minister of Ukraine Oksana Makarova, e-procurements will allow attracting more suppliers, which in turn will allow lowering prices and decreasing state's expenses.

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