EAVEX Weekly

June 24, 2019

Trading activity in Kyiv-listed stocks remained subdued despite an encouraging news flow on the political front, with the PFTS index ending virtually unchanged for the week, inching up by 0.1% to 553 points. President Volodymir Zelenskiy met with business community leaders and promised to create a positive international image of Ukraine, emphasizing that he wants to improve the country’s place in the often-cited Doing Business rating. Among other positive news, the US House of Representatives has approved bills that provide nearly USD 700mn in support to Ukraine. Meanwhile, members of the EU delegation to Ukraine hinted that the country could receive the second tranche of EU macro-financial assistance in the amount of EUR 500mn by the end of 2019 after fulfilling several conditions mainly related to fight against corruption.