The ProZorro procurement system in 14 months of its operation allowed saving UAH 1.5 billion for the state, First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv said at a cabinet meeting on Wednesday.

"The public procurement reform and the launch of ProZorro allowed saving UAH 1.5 billion in 14 months of its operation. Over 100,000 tenders from 5,800 buyers were held," he said, adding that in 2016 public agencies would fully switch to electronic procurement.

Kubiv urged state administration to use the electronic procurement system irrespective of the sum of the tender.

Deputy Economic Development and Trade Minister Maksym Nefyodov said that UAH 5 billion could be saved this year from the operation of the ProZorro system and next year the figure could grow to UAH 50 billion.

The ProZorro was launched in February 2015 in the pilot mode. In April 2016, the first stage of introducing the electronic public procurement system was started and from August 1, 2016 the use of the electronic system would be obligatory for public agencies.