Communist Tax Lawyer

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Archive For July, 2011

Ukraine to Confirm Pension Reform for IMF Tranche

July 11th, 2011

Ukraine’s Verkhovna Rada has approved an unpopular pension reform bill set as a key requirement to unlock a US$15.6 billion aid package from the International Monetary Fund to the Ukrainian economy.

The bill, approved early Friday, is designed to overhaul Ukraine’s Soviet-era pension system as the government seeks to slash spending in the wake of the Global Financial Crisis.

Ukraine’s parliament approved a government bill on pension reform at first reading on June 16. Read the rest of this entry »