Financial consequences of the Ukraine war – you should know that
Created: 03/21/2022, 15:14
By: Janine Napirca
According to Stiftung Warentest, the Ukrainian currency hryvnia cannot currently be exchanged for euros in Germany.
© Imago/MiS
Stiftung Warentest has put together what you should know about money because of the Ukraine war.
The current
war in Ukraine is affecting the stock market and the economy worldwide
.
The Stiftung Warentest has compiled a report on its website
Test.de
what consumers should now know about money.
Read here how the Ukraine war is affecting
energy costs
, what can be important for refugees and what you should consider when making
donations to Ukraine
.
How is the Ukraine war affecting our energy costs And what does that mean for inflation?
According to Stiftung Warentest, whether
inflation
will continue to rise as a result of the war in Ukraine is a realistic risk that consumers in Germany should reckon with.
According to the report, if energy prices continue to rise or remain as high as they are now*, this could provide an additional boost to inflation.
Stiftung Warentest predicts that
the Bundesbank's original forecast of an average rate of 3.6 percent for 2022 could then be too low
.
According to the report, it is not possible to predict how much the heating costs will rise.
Stiftung Warentest also points out that price increases can affect consumers with delays.
It may be worth switching from gas to another energy provider or even installing a photovoltaic system.
tip
It is best to put an amount aside for possible additional payments.
Can refugees from Ukraine open a bank account in Germany?
According to Stiftung Warentest, the
financial supervisory authority Bafin
has made it possible for refugees from Ukraine to open a basic account without Schufa information.
All you need is a valid Ukrainian identity card.
Find out, for example, on
test.de
which bank offers a cheap basic account.
also read
"Cum-Ex": Display against Scholz and Tschentscher
A committee of inquiry in Hamburg is to clarify whether there was political influence on the tax treatment of the Warburg Bank involved in the "Cum-Ex" scandal.
A criminal lawyer has no doubts about this and files a complaint - against the chancellor.
"Cum-Ex": Display against Scholz and Tschentscher
CDU boss: Senate must take action against high energy prices
CDU state and parliamentary group leader Kai Wegner has asked the Senate to take action against rising energy costs.
"The prices for natural gas, electricity and oil keep rising to new record highs," said Wegner.
The number of people who can no longer afford a tank of fuel or a warm living room is increasing.
“The Senate must ensure, through the Federal Council, that the cost spiral in energy prices is broken.
CDU boss: Senate must take action against high energy prices
Where to exchange Ukrainian hryvnia for euro?
Many refugees from Ukraine came to Germany with cash.
Unfortunately, according to the report, it is currently
not possible to exchange the Ukrainian currency hryvnia for euros
.
Stiftung Warentest points out that politicians and central banks first have to find a solution.
However, at least some withdrawals with Ukrainian Visa and Mastercards are still possible.
Read here how much money helpers in Great Britain receive if they take in people who have fled Ukraine privately.
Would you like to donate money to Ukraine?
You should note that
Stiftung Warentest advises to consider the following when donating to Ukraine.
Donate either
cash or in-kind donations
to:
smaller organizations that you personally know and trust
Larger organizations with a meaningful donation seal from the German Central Institute for Social Issues (DZI)
Can donations for Ukraine be claimed for tax purposes at the tax office?
According to the report, you can claim monetary donations
up
to an amount of 300 euros for tax purposes with a simple bank statement as proof
.
If the donation amount exceeds this, you will need a
formal attestation from the recipient
.
In certain cases, according to Stiftung Warentest, donations in kind or expenses incurred can even be rewarded by the tax office.
(jn) *Merkur.de is an offer from IPPEN.MEDIA.