Injured in road accidents caused by Ukrainian drivers abroad in 5 months of 2024 were paid EUR20.8 mln, which is 13% more than in 5 months of 2024. 2024 EUR20.8 mln was paid out, which is 13% more than in the same period a year earlier, according to the MTSBU Facebook page.
According to the report, the number of such cases increased by 8.5% – up to 6.401 thousand. The average amount of payment varies, as accrual is made in accordance with local legislation, and insurance indemnity limits in European countries reach one million euros and in some cases may be unlimited.
For example, if a road accident occurred in Poland, the limits of compensation are: for life and health – EUR 5.21 mln, for property – EUR 1.05 mln.
MTSBU is the only association of insurers that provide compulsory civil liability insurance of owners of land vehicles for damage caused to third parties.
“Green Card” is a system of insurance coverage for victims of road traffic accidents regardless of their country of residence and country of vehicle registration. “Green Card” covers the territory of 45 countries in Europe, Asia and Africa.
According to the decision adopted by the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” in Luxembourg in May 2004, Ukraine is a full member of this system since January 1, 2005.
Globally, insurers have 9-12% participation in the commercial real estate (CRE) market through direct and indirect investments in mortgages, bonds and directly owned real estate, according to a Gallagher report on its website.
Insurance companies are major investors in commercial real estate, with U.S. and European insurers investing approximately 12% and 7% of their investment portfolios in the sector, respectively. A potential recession, especially one caused by commercial real estate, has caused some concern in both the life and life insurance industries.
Also among the key findings of the report is that COVID-19 and the rise of the work-at-home workforce has led to a dramatic increase in downtown commercial real estate availability, among other things. This trend shows no signs of reversing.
Recessionary headwinds remain low with healthy US and EU economies stagnating but not contracting. China remains strong in absolute terms despite lower growth than in the recent past.
Banks have steadily increased their investments and expanded credit lines for commercial real estate. This has helped explain how the sector has remained resilient in difficult times.
Forecast of changes in discount rate of National bank of Ukraine, %
Source: Open4Business.com.ua and experts.news
An agreement between Ukraine and the EU on security guarantees will be signed on Thursday in Brussels at a meeting of the European Council.
“We will have a special guest, whose name we are not allowed to mention, but you all wrote about it, so we don’t have to confirm it. And you also know that tomorrow, after the family photo (of the EU leaders – IF-U), a security commitment (between Ukraine and the EU – IF-U) will be signed,” a senior European diplomat told reporters in Brussels on Thursday.
He did not name the “special guest,” but earlier European media had reported on the visit of Ukrainian President Volodymyr Zelenskyy to Brussels.
The EU summit will be held in Brussels on June 27-28.
Answering journalists’ questions about how similar the content of this document is to the many security agreements already signed with the EU countries, the diplomat noted that “not all member states have signed agreements with Ukraine.” “The EU is a kind of umbrella in which everyone will assume obligations, and everyone will contribute by approving these security commitments,” the source explained.
At the same time, he emphasized the importance of the current meeting of the European Council, which will be the first after the elections to the European Parliament. “This is a new cycle that opens now with a clear idea of what the strategic agenda will be, how the leaders of the European Council intend to shape other institutions and work for the next five years – this is one part of the decision that will be made, and the second part is the names and team that will be responsible for implementing and working on this program,” the diplomat explained.
The EU leaders are expected to approve candidates for senior positions in the EU: President of the European Commission (the leaders are expected to approve the current President Ursula von der Leyen for a second term), President of the European Council (previously discussed the candidacy of former Portuguese Prime Minister Antonio Costa), High Representative of the EU for Foreign Affairs and Security Policy (previously nominated for this position was Estonian Prime Minister Kaja Kallas) and President of the European Parliament (discussed the re-election. ..).
In addition, the agenda will include issues of competitiveness, security and defense, migration, and the Middle East.
Vatsak Confectionery House is opening its first store in Bucharest, Romania’s capital.
The company told Interfax-Ukraine that the 55-square-meter store will open in early July, and that renovation and recruitment are currently being completed. The store will be opened under a franchise.
According to Vatsak’s website, the franchise fee is EUR 15 thousand, with a 1% royalty for the first eight months and 3% thereafter.
Vatsak Confectionery was founded in 2001 and is owned by Gennadiy Vatsak. At the beginning of 2024, the chain had 995 stores in Ukraine, Poland, Slovakia, and Moldova. Revenue for 2023 amounted to UAH 798 million 596 thousand, which is 63% higher than in 2022.
The State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) and the Norwegian Radiation and Nuclear Safety Agency (DSA) are working on the implementation of 18 common projects to counter the challenges caused by Russia’s military aggression, particularly in the area of developing policies and procedures to restore regulatory control over nuclear facilities affected by occupation and hostilities.
Gosatomregulirovanie said on Wednesday that the joint projects of the Ukrainian nuclear regulator and DSA, launched after February 24, 2022, also cover such areas as surveying territories affected by enemy military occupation; managing critical knowledge needed to protect personnel, the public and the environment during nuclear or radiation incidents caused by hostilities; and providing radiation reconnaissance equipment in previously occupied territories.
“I am grateful for DSA’s active participation in projects to address the pressing challenges faced by Gosatomregulirovanie after the rf’s full-scale invasion of Ukraine on February 24, 2022. Over the past two years, 25 projects have been initiated to counter the challenges caused by Russia’s military aggression. As of today, 18 projects out of them are being implemented,” said Oleg Korikov, head of the DSA.
Korikov and DSA Director General Per Strand discussed the status of implementation of joint projects and further cooperation, plans for which are envisioned in the Roadmap for Cooperation between DSA and Gosatomregulirovanie for 2024-2028, at a meeting during the Seventh Conference of the European Nuclear Safety Regulators Group (ENSREG) held in Brussels on June 24-25.
“In our decade of cooperation since 2014, we have established a sustainable mechanism for planning, coordination and timely implementation of joint projects. This strategy includes regular assessment of regulatory threats and challenges faced by Gosatomregulirovanie, which are reflected in the Threat Assessment Reports,” Korikov added.
