EAVEX Weekly

July 11, 2017
 

Ukrainian equities ended lower last week following a correction on global stock markets. Internal developments also played a role as news that the IMF has delayed the next loan installment to Ukraine weighed on investors’ mood. Kyiv has been unable to deliver on its commitment to liberalize land sales. On the other hand, a pension overhaul, which was developed in close cooperation with the IMF and World Bank, could be approved later this month. The pension reform foresees a more transparent and fairer pension calculation formula that more closely ties pension benefits to pension contributions. The reform also establishes a flexible retirement age, linked to the length of the formal career of an individual.