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 Recent law on public procurement to save $50 bln a year, - Minister Abromavicius

President Petro Poroshenko signed law on public procurement.

As reported by Censor.NET citing Interfax-Ukraine, this was announced by Minister of Economic Development and Trade Aivaras Abromavicius.

"On the eve of his birthday (Sept. 26 - ed.), Ukraine's president signed law on public procurement. It is a complex, long awaited reform! It helps save UAH 50 bln a year (about $2.27 billion)," he said.

According to the Ministry of Economic Development and Trade, the new law grants access to all information on government tenders, including bidding, lists of participating companies, assessment protocols. The law eliminates an intentional blocking of tenders through the appeal procedure in court and simplifies conditions of participation - full set of documents is now to be submitted by only potential winners, and it will be illegal to require certificates that are available to general public from all tender participants.

The technical changes introduced by the law will allow Ukraine to join the Agreement on Government Procurement under the World Trade Organization Agreement. This will provide Ukrainian companies with an access to public procurement markets abroad, totaling $1.7 trillion.

Read more: Poroshenko agreed to cancel free economic area in Crimea, - Mejlis chairman Chubarov

The law raises threshold of procurement falling under its scope: for goods - from UAH 100,000 up to UAH 200,000, for works - from UAH 1 mln up to UAH 1.2 million. According to the law, not all tender participants are now obliged to submit documents proving they are entitled to participate - only winners.

As reported, Sept. 15, the Verkhovna Rada adopted amendments to public procurement laws. From now on, public procurement will be carried out in accordance with international standards.

Abromavicius promised that in October the government will introduce a bill to the parliament intended to make all public procurement electronic.
 
 
 
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