New Public Procurement Law In Ukraine Announced

On 30 June 2010, the newly adopted Law on Public Procurement (the "Law") was officially proclaimed and shall come into force from 30 July 2010.

The Law introduces new public procurement rules in Ukraine most of which are aimed at making public procurement procedures non-discriminative and more transparent.

The thresholds for applying the public procurement mechanism have been kept at the previously applicable level of UAH 100,000.00 for purchasing the goods and services and UAH 300,000.00 for ordering the works.

Although the Ministry of Economics of Ukraine (the "Ministry of Economics") continues to have the main regulatory and supervisory authority in the field of the public procurement, some of its functions have been transferred to certain other state authorities.