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Digitalization of procurement process yields savings for Azerbaijan

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BAKU, Azerbaijan, July 11. Digitalization of
the procurement process allowed to save 742 million manat ($436.5
million) of public funds in Azerbaijan in 2023, Head of the State
Service for Antimonopoly Control and Supervision of the Consumer
Market under the Ministry of Economy Mammad Abbasbayli said,
Trend reports.

He made the remark during the first National Competition Forum
held in Baku today.

The savings are anticipated to be even greater this year as a
consequence of the complete digitalization of the procurement
process, according to him.

The State Service for Antimonopoly Supervision and Control of
the Consumer Market participates in the preparation and
implementation of state policy in the fields of antimonopoly
policy, public procurement, technical regulation, standardization,
metrology, and consumer protection.

The main mission of the service is to create conditions for free
competition and effective protection of entrepreneurship, which
ensures the sustainable development of the country’s economy.

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