EAVEX Weekly

March 04, 2019
 

Trading in Kyiv-listed Ukrainian equities remained inactive as both local and foreign investors are concerned that an irresponsible populist could win the upcoming presidential election. President Poroshenko, who is widely preferred by the business community, is facing a tough task to win re-election; only one president has won re-election in Ukraine since independence in 1991. Later this month voters will have 44 candidates to pick from, with as many as five possibly polling above 10 percent, before a likely Apr 21 runoff round. A recent survey reported that 82% of Ukrainians mistrust parliament and 71% feel the same way about Poroshenko.