Ukraine’s Verkhovna Rada has passed at first reading a bill introducing the new rules of binding addresses to construction sites and insurance of responsibility of constructors to protect the rights of investors. Bill amending some Ukrainian laws in the sphere of town planning was backed by 249 lawmakers. “Bill No. 7085 provides for the legalization of the procedure for binding postal addresses to construction sites, as this matter is now regulated by local governments and local administrations at their own discretion. This requirement is important for the deregulation of the industry and improving Ukraine’s position in the Doing Business,” Deputy Regional Development, Construction, Housing and Utilities Economy Minister of Ukraine Lev Partskhaladze said on his Facebook page.
According to him, the bill also provides for the introduction of liability insurance for construction workers, necessary to minimize risks and protect the property and personal interests of home buyers. “Insurance of professional activities in construction will help protecting the rights and interests of investors and other construction participants, minimizing risks and increasing the responsibility of contractors and improving the quality of design in construction,” Partskhaladze said.
