Ukrainian Parliament Sets Parliamentary Elections for 2012
OREANDA-NEWS. February 02, 2011. The Verkhovna Rada,
Concorde Capital: the Rada decision was widely expected and clears the political calendar of a major nationwide election in 2011, bolstering promises of relative stability from politicians and paving the way for the government to focus on its ambitious reform agenda. Issues due to be tackled this year include what are likely to be unpopular proposals to make over the pension system (including raising the retirement age for women) and stabilizing Naftogaz of Ukraine (including via a 50% hike in gas prices for households and utilities). See our politics note released yesterday for more details on expected reforms. The opposition, meanwhile, gained another chip, painting the move as MPs from the parliamentary majority usurping control by extending their terms in office by another year.
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