An Expert Says No Signs of Panic Observed among Foreign Investors Due to Political Crisis Broke out in Ukraine

Business Materials 4 April 2007 18:05 (UTC +04:00)

Ukraine, Kiev/ Trend , corr. Z. Novosvitskiy/ Igor Mazepa, the Director General of Ukraine's Investment Bank - Concorde Capital, has told UNIAN that no signs of panic have been observed among investors putting their capital into Ukraine's economy due to the recent political crisis in the country.

"No signs of panic have been observed yet, and on the contrary, foreign and other investors are showing great interest in events happening in the country," he said.

Mr. Mazepa noted that investors putting their capital into stocks of different Ukrainian enterprises "have become accustomed to a rather high level of political risk in the country", therefore this latest 'regular' political crisis in the country was not a cause for investors to pull out of the market.

According to the Director General of the Bank, the country's fund market will fully react to the latest political turmoil only in a week or two. "However, we can hardly see any serious or severe corrections in the market," noted. Mr. Mazepa.

According to Mazepa, the existing political crisis "is not substantially deeper or more complex than those that occurred in the country in the recent year of year and a half".

According to Mr. Mazepa, the Presidential Decree on dissolution of the Ukrainian Parliament of Verkhovna Rada will have a short-term effect, "since there had been no global changes in Ukrainian politics".