ENSURING ECONOMIC SECURITY IN UKRAINE THROUGH THE IMPLEMENTATION OF EU EXPERIENCE IN PUBLIC PROCUREMENT

Анотація

This scholarly article delves into the significance of ensuring economic security in Ukraine amidst globalization and the integration of countries into the global economy. The article analyzes the difficulties faced by Ukraine in the domain of public procurement, including consumer rights violations and corruption risks. To tackle these issues, one potential solution is to implement the European Union's best practices regarding public procurement.The article compares the legal frameworks of Ukraine and the EU on public procurement matters and identifies the most effective ways to incorporate European practices into Ukrainian procurement processes. In the EU, public procurement procedures must be equitable and transparent, giving all interested parties an equal opportunity to compete for and obtain contracts. Additionally, public authorities are required to post all necessary procurement information on their websites and open electronic platforms to ensure accessibility of information for all interested parties. The authors argue that by following European standards, Ukraine can improve the transparency and efficiency of its procurement processes, reduce corruption risks, and ensure better goods and services for its citizens and government. The adoption of these standards is crucial for Ukraine's economic security and overall development.The study also reveals that the implementation of EU procurement standards can increase supplier competition, lower government procurement costs, and result in better quality goods and services for state entities. This can be achieved by employing European procurement procedures. Furthermore, the adoption of European standards guarantees compliance with procurement participation rules for all participants and reduces corruption risks in this area. Notably, the standards require audits and reporting on purchases, which ensures control over the process and the avoidance of possible violations.The incorporation of European standards in public procurement can serve as a critical means of enhancing the effectiveness and transparency of procurement management. This research is based on the analysis of legislation and expert assessments.

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