[PIO] Launch of the new Electronic Public Procurement System in Cyprus

An important pillar of the modernisation and automation strategy promoted by the General Accounting Office of the Republic of Cyprus to enhance the effectiveness and efficiency of the management of public resources in Cyprus is the project for the development of a new electronic public procurement system, which will offer holistic management of the purchasing cycle in the Republic from the identification of needs to their satisfaction.

In this context, the Accountant General of the Republic Mr. Andreas Antoniades signed on Tuesday 23 January a contract with the company EUROPEAN DYNAMICS SA, represented by Mr.

The contract, funded by the European Union's Recovery and Resilience Plan (RRP), has a total value of €4.514,200, including an optional amount of €746,100, and represents an important step towards enhancing efficiency and transparency in public procurement procedures in Cyprus.

Mr Antoniades, welcoming the successful completion of the process with the signing of the contract, stressed the importance of this initiative for the modern and efficient management of public resources. He stressed that he expects the contractor to work professionally and consistently in order to develop and make available to buyers, as well as economic operators in Cyprus and abroad, a reliable, innovative and user-friendly system that promotes transparency and healthy competition.

Mr. Tsoepelas, on behalf of the contractor, expressed his company's commitment to implement the project with high standards of quality and professionalism in a way that enhances the capabilities of users to exploit modern technologies and which will fully meet their expectations.

The new system is expected to be fully operational before the end of 2025, contributing to the enhancement and modernization of the tools and automation currently used in the electronic management of public procurement in Cyprus.

(EAT/GC)
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