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You're reading: Yanukovych signs procurement bill that may fuel corruption
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According to official
statistics, last year the state made Hr 325 billion ($40.6 billion)
worth of purchases. This year the figure could go up significantly;
in the first six months of the year, state procurement already
swallowed Hr 307 billion.

According to
z.texty.org.ua, which calculates money spent through state
procurements, the share of such expenditures compared to gross
domestic product is much higher in Ukraine than in Europe.

Much money in Ukraine is
being spent via tenders that lacked competitive bids. Prices in such
tenders are often far above market value.

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