Moldova has overcome the problematic phase of exclusion from the Green Card system and will take measures to improve transparency and standards in this market.
This was discussed during the meeting, which the chairman of the parliamentary commission on economy, budget and finance Dumitru Alaiba held with members of the Council of the Bureau of the Green Card system, headquartered in Brussels. Discussions focused on the current situation and prospects for the development of the insurance market, in particular, and the non-banking financial sector in general. The parties expressed satisfaction with the fact that Moldova has overcome the problematic stage associated with its exclusion from the Green Card system. After almost two decades of monitoring in relation to our country, the Council of the Bureau "Green Card" recently ordered the removal of monitoring from Moldova, but this fact is conditioned by the obligation to carry out a series of reforms. In addition, in 2015, the “Green Card” system revealed thefts of almost 20 million lei through corruption schemes, this money has not yet been returned. “We have a lot to do to improve transparency and standards in this market,” stressed Dumitru Alaiba. The interlocutors were unanimous in the opinion that the non-banking segment of the financial market requires more trust from consumers, investors and development partners of Moldova. In this regard, Dumitru Alaiba expressed his openness to active dialogue with the Council of the Bureau of the Green Card system. The Green Card system was created on January 1, 1953 under the auspices of the United Nations Economic Commission for Europe and is administered by the Council of the Bureau, which also includes the National Bureau of Insurers of Moldova. The international insurance policy "Green Card" is a compulsory insurance of civil liability of vehicle owners in the territory of the countries participating in the international system of Green Card, according to which insurance companies from which you can buy the policy "Green Card" will reimburse the costs associated with causing damage to the vehicle, other property, life and health of third parties due to an accident.// 28.09.2021 — InfoMarket.
