You're reading: Parliament adopts new wording of law on public procurement

The Ukrainian parliament after several unsuccessful attempts with the minimum number of votes - 226 - has managed to approve as a basis and a whole the new wording of the law on public procurement.

According to an Interfax-Ukraine correspondent, the profile committee
noted that in two months necessary changes would be prepared for the
law adopted, including those on electronic trading.

Earlier, presenting the relevant legislative initiative in the
parliament, Prime Minister Arseniy Yatseniuk noted that the Cabinet of
Ministers proposes the restriction of the fund, under which public
procurement will be carried out in the amount of Hr 300 billion per
year, for all companies, the structure of which contains the state stake
exceeding 51%.

“We want to eliminate the procedure of procurement from one
participant in the form it existed when it was defined by the prime
minister or the president,” he said.

In addition, the cabinet proposes that the public be given the right
to be present during public procurement, thereby strengthening public
oversight.