Business news from Ukraine

INTERNATIONAL MARKETS POSITIVELY RESPOND TO RESULTS OF PARLIAMENTARY ELECTIONS IN UKRAINE

23 July , 2019  

International markets positively responded to the results of early elections to the Verkhovna Rada of Ukraine: eurobonds grew by 1 percentage point (p.p.), warrants by 2 p.p., up to 77.5% of the nominal value, Serhiy Fursa, a specialist for the sale of debt securities from Dragon Capital investment company, has told Interfax-Ukraine.
“International markets are responding positively, the price of all eurobonds is rising. GDP warrants, which rose by 3.3% to a historical maximum, showed the largest growth. It seems that the expectations of economic growth and hryvnia expectations among foreigners have increased,” Oleksandr Paraschiy, the head of the analytical department at Concorde Capital investment company, said.
According to him, Western investors like the idea of consolidating power in the same hands: at least, this means an end to political instability, and also gives a chance for quick pro-Western reforms. The analyst added that foreigners are not very afraid of the risk of usurpation of power: the situation when one political force forms a government looks familiar and acceptable for Western countries.

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