Int'l markets react positively to Ukraine's election results

Source: Xinhua| 2019-07-23 02:36:41|Editor: Mu Xuequan
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KIEV, July 22 (Xinhua) -- International markets reacted positively to the results of Ukraine's snap parliamentary elections, Dragon Capital investment company's leading expert Sergiy Fursa told Interfax Ukraine news agency on Monday.

"Markets expect that Ukraine will be able to accelerate structural reforms and will intensify cooperation with the IMF. Investors have positively perceived information about the possibility of forming a technocratic government in Ukraine," Fursa said.

At the same time, Concorde Capital investment company's expert Alexander Parashchiy added that Western investors like the idea of consolidating power in the same hands which means an end to political instability and gives a chance for quick pro-Western reforms.

"International markets are responding positively, all Eurobonds are rising in price. GDP warrants, which grew by 3.3 percent to its historical maximum, showed the highest growth - it looks like the expectations of economic growth and hryvnia expectations among foreigners have increased," said Alexander Parashchiy.

Snap parliamentary elections were held in Ukraine on Sunday, July 21.

According to the national exit poll as of 8 p.m. local time on Sunday, five parties make it into the new parliament. Servant of the People party receives 44.2 percent, Opposition Platform - For Life -11.4 percent, European Solidarity - 8.8 percent, Batkivshchyna - 7.4 percent and Holos - 6.5 percent.