Business news from Ukraine

On March 31, Ukraine will switch to daylight saving time

On the night of Sunday, March 31, Ukraine will switch to daylight saving time: at 3:00 a.m., the clock will be set one hour forward.

As reported, back in 2021, the Verkhovna Rada failed to pass a law abolishing seasonal time change, which proposes to fix winter time UTC +2 according to the international Coordinated Universal Time system in Ukraine.

MPs talked about the possibility of abolishing the government decree of May 13, 1996, on the procedure for calculating time in Ukraine, canceling the transition to daylight saving time, but the Cabinet of Ministers did not make a corresponding decision.

TAS Insurance Group increased payments by 37.7%, payments by 57.9%

In January-February 2024, TAS Insurance Group (Kyiv) collected UAH 669.95 million in insurance payments, which is 37.7% more than in the same period last year, according to the insurer’s website.

Thus, CASCO sales increased by 22% to UAH 121.81 million in insurance premiums, which is 18.18% of the company’s fees in January-February.

MTPL accounted for 29.26% of the total volume, or UAH 196.04 million (+34.7%), Green Card – 26.34%, or UAH 176.43 million (+73.3%), VHI – 16.24%, or UAH 108.78 million (+22.2%).

Under property insurance contracts, TAS Group has raised UAH 16.7 million in insurance premiums over the past two months, which is 41.5% more than in January-February last year.

Under other insurance contracts, the company collected UAH 50.18 million in premiums during the reporting period (+30.9%).

As reported, in January-February 2024, the company paid UAH 308.81 million under the concluded insurance contracts, which is 57.9% more than the company’s indemnities for the same two months of the previous year.

TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.

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Number of vacancies as of 01.12.2023 (thousand units) according to data of state employment center

Number of vacancies as of 01.12.2023 (thousand units) according to data of state employment center

Source: Open4Business.com.ua and experts.news

Solemn Iftar on occasion of Ramadan and Pakistan Day was held in Kyiv

On March 23, the Islamic Cultural Center of the capital hosted a solemn Iftar in honor of the holy month of Ramadan and the Day of Pakistan. This event became a meeting place for Pakistani citizens living in Ukraine, as well as other distinguished guests.

The event began with a traditional prayer, after which the Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Pakistan, H.E. Major General (Retired) Nadir Khan delivered a speech in which he quoted the main points from the address to the Pakistani nation by the President of the Republic Asif Ali Zardari.

In his address, the President of Pakistan emphasized the importance of the historic “Pakistan Resolution” of 1940, which marked the beginning of the formation of an independent state. He recalled the tireless efforts and sacrifices of the ancestors for the sake of freedom and emphasized the importance of unity and joint efforts in overcoming current challenges such as inflation, unemployment and terrorism.

Emphasizing his commitment to democratic values and economic recovery, the President also called on citizens to unite for a future “full of peace, progress and stability.”

“Let us work for a Pakistan that is united around common values,” he emphasized, calling for a state where there are no differences but unity.

The Islamic Republic of Pakistan recognized Ukraine’s independence on December 31, 1991. On March 16, 1992, diplomatic relations between Ukraine and Pakistan were established. The Embassy of Pakistan has been operating in Kyiv since October 1997.

Photo source: https://www.facebook.com/UkrDiplomatic

Flag raising ceremony on occasion of National Day of Pakistan was held at Embassy of Pakistan

On March 23, 2024, the Embassy of the Islamic Republic of Pakistan in Ukraine held a solemn ceremony of raising the national flag on the occasion of Pakistan Day.

Every year on March 23, Pakistanis celebrate the adoption of the Pakistan Resolution of 1940 by the All India Muslim League in Lahore on the creation of an independent state for Muslims.

Since then, the struggle for the creation of Pakistan intensified and only seven years after the adoption of the Pakistan Resolution on August 14, 1947, Pakistan emerged.

After the reading of the Holy Quran, the Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Pakistan, H.E. Major General (Retired) Nadir Khan raised the national flag during the performance of the national anthem of Pakistan.

Messages from the President of Pakistan Mr. Asif Ali Zardari, Prime Minister Mr. Shahbaz Sharif and Minister for Foreign Affairs of Pakistan Mr. Mohammad Ishaq Dar were also read out.

The ceremony concluded with a prayer for the well-being and prosperity of the people of Pakistan, the Muslim Ummah and humanity, as well as for the return of peace and prosperity to Ukraine.

The Islamic Republic of Pakistan recognized the independence of Ukraine on December 31, 1991. On March 16, 1992, diplomatic relations between Ukraine and Pakistan were established. The Embassy of Pakistan has been operating in Kyiv since October 1997.

Photo source: https://www.facebook.com/UkrDiplomatic

Ukrainians will be able to submit claims for destroyed property to register of losses via Diia app – Deputy Prime Minister

Ukrainians will be able to use the Diia app to file claims for damaged or destroyed property with the International Register of Damages to receive reparations from Russia in the future, said Mykhailo Fedorov, Deputy Prime Minister for Innovation, Education, Science and Technology and Minister of Digital Transformation of Ukraine.

“Starting in April, Ukrainians will be able to file a report on damaged or destroyed apartments, houses, and cottages via Diia if they have a survey report from the local authorities. Then it will be possible to submit applications to the Register if they have not contacted the local authorities,” Fedorov said on his Telegram channel on Monday.

The service was launched after signing an agreement with Markiyan Kliuchkovskyi, Executive Director of the International Register of Damage Caused by Russian Aggression against Ukraine.

“Diia is becoming an important part of the transfer and display of the scale of damage caused by Russian aggression,” the head of the Ministry of Digital Transformation emphasized.

According to Fedorov, this is the first case of international data exchange for which Diia will be used. Later, the possibility of filing claims for forced displacement, harm to life, health, torture and sexual violence will be implemented. At the final stage, it will be possible to file a claim for damage to infrastructure, as well as to file claims for compensation for business damage.

“The Ministry of Justice is working on a rather complicated and lengthy process of reparations, and Diia helps to make the process of applying to the register simple, accessible and safe,” he wrote.

The Vice Prime Minister clarified that the Register of Damage Caused by the Russian Aggression against Ukraine was established under the auspices of the Council of Europe in May last year. To date, 43 countries and the EU, including the United States, Japan and Canada, have joined the Register. Its main goal is to record all claims of damage caused by the war so that Russia can pay fair reparations to Ukraine and Ukrainians.

Work is underway with international partners to create a mechanism that converts information from the Register into decisions on compensation payments to Ukraine and those affected by the war, the statement said.