EAVEX Weekly

November 10, 2015

Kyiv-listed stocks were notably lower on Monday (Nov 9) after Finance Minister Natalia Jaresko complained about foot-dragging on the adjustment of Ukraine’s tax laws, saying a lack of reform will result in a massive budget deficit next year. Jaresko pointedly stated that the IMF is waiting for the final decision of the government on the tax reform package and the 2016 national budget. The UX index slumped 3.2% to close at 740 points.