Business news from Ukraine

International Register of Losses to collect claims from Ukrainian citizens has started working

The International Register of Losses is projected to receive up to 8 million applications from victims of Russian aggression, Ukrainian Prime Minister Denis Shmygal said.

“Today in The Hague should start working the International Register of losses, where all Ukrainians who suffered from Russian aggression will be able to apply. First of all we launch the fixing of damaged or destroyed housing. Applications will be submitted through “Dia”, everything is maximally digitalized and convenient, “- said Shmygal at a government meeting on Tuesday.

Prime Minister noted that according to forecasts, only in the housing segment the Register will receive from 300 to 600 thousand applications from the victims.

“In total, we expect up to 8 million applications from all those affected by the war in one way or another. Consistently and purposefully realize the principle “Russia will pay” and create a precedent of material responsibility of the aggressor for the losses caused by them,” – said Shmygal.

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Cyprus has extended until March 4, 2025 temporary protection status for citizens of Ukraine

The Republic of Cyprus has extended until March 4, 2025 the temporary protection status for persons who already have this status.

“The Ministry of Interior informs all interested parties that, based on the relevant decision of the Council of Ministers, the right to temporary protection is automatically extended for one year for those persons who have obtained such a right in Cyprus, i.e. until March 4, 2025”, – stated in the official announcement of the Refugee Service on the relevant website.

And it is specified that “thus, for those who have already received temporary protection, there is no need to submit a new application to the Refugee Service or to issue a new biometric residence permit at the Department of Population and Immigration.

Those who wish to apply for temporary protection for the first time must apply either electronically at http://www.moi.gov.cy/asylum or in person at the Refugee Service head office in Nicosia.

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NATIONAL BANK RECOMMENDS THAT CITIZENS OF UKRAINE HAVE GREEN CARD POLICY WHEN TRAVELING ABROAD

On April 28, 2022, the National Bank of Ukraine received information from foreign partners that citizens of Ukraine must have a Green Card policy when crossing the Polish border, this practice, apparently, will be extended to borders with other countries, noted on the NBU website.
In this regard, the regulator recommends that Ukrainian citizens traveling abroad in their own car purchase a Green Card policy.
As reported, since the beginning of the war, Ukrainians had the right to cross the borders of Poland, Slovakia, Hungary and Moldova in their own cars without a Green Card policy.
“We are grateful to all the countries that were sympathetic to the situation in which the citizens of Ukraine found themselves. At the beginning of the war, most of them had no opportunity to purchase Green Card policies, going abroad in search of a safe place. Insurers, together with the MTIBU, have established the process of transporting policies to the relocated offices of insurance companies and to the border. They have also worked out the optimal conditions for acquiring and using such a policy,” says Olga Maksimchuk, director of the Department for Supervision of the Non-Banking Financial Services Market of the NBU, whose words are quoted in the message.
Today, you can conclude an international insurance contract “Green Card” with a 50% discount for a period of 15 days and 1 month from Ukrainian insurers. The cost of the policy depends on the type of vehicle, the country of visit and the duration of the insurance contract. The price for the “Green Card” insurance policy is determined by the MTIBU and is the same for all insurers. The cost of the Green Card policy in Ukraine is lower than in most countries.
In addition, the process of obtaining a “Green Card” has been significantly simplified due to martial law. Thus, online issuance of “Green Card” policies has been introduced through the generation of the corresponding pdf-files (electronic policy). Member countries of the “Green Card” system recognize Ukrainian electronic policies, they do not need to be printed out and can be presented from any gadget.
“Green Card” – an insurance certificate of a single form, used in the member countries of the international automobile insurance system “Green Card”.

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