Contents tagged with reform

  • IMF tells Kyiv how to reform pension system. Ukrainian vice prime minister calls this statement 'unprofessional'

    In an article for the Economichna pravda (Economic Truth) online newspaper, Ron van Roden, head of the International Monetary Fund (IMF) mission to Ukraine, wrote that Ukraine’s pension system is in need of urgent reform, since it does not meet current challenges.

    He explained that if no changes are made to the state pension system soon, the pension fund will become even more unstable, and may not be able to provide a subsistence level pension (1544 hryvnia ($57.6 USD)) for the older …

  • European Bank for Reconstruction and Development: Ukraine's Naftogaz failed to reform

    The European Bank for Reconstruction and Development or EBRD announced the failure of the reform of Naftogaz of Ukraine.

    Last week, four out of five members of the Naftogaz Supervisory Board, Marcus Richards, Charles Proctor, Paul Warwick and Yulia Kovaliv announced that they may leave the company due to the government's failure to implement the company's corporate governance plan.

    This was reported by Evropeyskaya Pravda online newspaper with reference to a letter from EBRD President Suma …