Business news from Ukraine

EU DELEGATION TO UKRAINE WELCOMES SIGNING LAW ON BUREAU OF ECONOMIC SECURITY

The EU Delegation to Ukraine and the EU Advisory Mission to Ukraine welcome the signing by President of Ukraine Volodymyr Zelensky of the law on the Bureau of Economic Security and called for a transparent selection of the bureau’s team.
“The EU Delegation to Ukraine and the EU Advisory Mission to Ukraine welcome the signing by President of Ukraine Volodymyr Zelensky of the law on the Bureau of Economic Security. Key reform of investigation and law enforcement on economic crimes. Next steps: changes in the criminal procedure code, transparent selection of the BES Head and staff. The EU is ready to support,” the EU delegation to Ukraine said in on Twitter on Thursday.
As reported, on March 22, President of Ukraine Volodymyr Zelensky signed law No. 1150-IX on the Bureau of Economic Security of Ukraine, which the Verkhovna Rada adopted on January 28, 2021.

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MOTOR INSURANCE BUREAU OF UKRAINE LOWERS COST OF GREEN CARD BY 4.6%

Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces from March 16, 2021 new tariffs for Green Card policies for those traveling abroad by road.
According to a statement on the bureau’s website, MTIBU recalculated the cost of Green Card insurance certificates, which are being introduced downward, by an average of 4.6%
According to MTIBU, the cost of Green Card for 15 days for travel in Europe for passenger cars is reduced to UAH 807 (previously, UAH 846), for buses up to UAH 3,034 (UAH 3,180), for trucks up to UAH 1,905 (UAH 1,996).
Now, the cost of Green Card for one month is UAH 1,285 for cars (previously, UAH 1,347), some UAH 4,214 for buses (UAH 4,417), some UAH 2,528 (UAH 2,650) for trucks.
The cost of the semi-annual and annual Green Card policies for cars is UAH 4,850 and UAH 7,066, respectively, for buses is UAH 14,751 and UAH 27,396, for trucks is UAH 11,970 and UAH 22,591.
The cost of policies for trips to Azerbaijan, Belarus, Moldova and Russia for passenger cars is UAH 588 for 15 days, some UAH 865 for one month, some 1,984 for six months, some UAH 2,825 for a year.
The latest tariff changes were on January 4, 2021 upward by 3.8%, upward by 3.3% on October 19, 2020, upward by 3.1% on August 3, 2020, by 3.8% on July 24, by 3.5% June 16.
The Green Card policies have been implemented since 2009 of two types: all of Europe; Belarus, Moldova and Russia. From January 1, 2016, the Ukrainian Green Card policies started to operate on the territory of Azerbaijan.
The sizes of single insurance payments under the contracts of international compulsory insurance of civil liability of owners of land vehicles were established by a resolution of the Cabinet of Ministers dated January 6, 2005 and are determined in euros.

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UKRAINE’S VERKHOVNA RADA PASSES AT FIRST READING BILL ON BUREAU OF ECONOMIC SECURITY

Ukraine’s Verkhovna Rada has adopted at the first reading bill No. 3087-d on the creation of the Bureau of Economic Security, which should become a single body for combating economic crimes and remove the duplication of these functions from various law enforcement agencies.
An Interfax-Ukraine correspondent has reported that the bill was supported by 245 MPs with the required 226 votes.
According to the document, the director of the Bureau is appointed based on the results of a competition and dismissed by the president. However, by the second reading it is planned to amend the bill to reassign the head of this body to the Cabinet of Ministers, said the co-author of the bill and Head of the committee on finance, tax and customs policy Danylo Hetmantsev.
According to him, this is necessary taking into account the decision of the Constitutional Court on the unconstitutionality of the appointment of Artem Sytnyk as director of the National Anti-Corruption Bureau.
As the text of the bill shows, it is proposed to set the maximum number of the Bureau’s employees at 4,000 people. In turn, Hetmantsev said that the current number of employees of the tax police is 4,600.
“The director is accountable to the Verkhovna Rada of Ukraine,” Hetmantsev said.

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