MarketWatch: Ukraine's small market draws interest in revolution's wake
The benefits of last year's so-called Orange Revolution, which ushered in Yushchenko and a new, pro-Western government, are clear at one of Ukraine's major investment banks, Dragon Capital, based in the capital city of Kiev.
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"Liquidity has increased more than five times in local stock markets and prices have doubled to tripled for most of the traded stocks we have had," said managing director Tomas Fiala.
In the last three months, several new U.S. and European investors have opened accounts with Dragon Capital, Fiala said. That's significant in a country whose stock exchange has just 10 major companies listed.
Ukraine's tiny stock market was already rising before the dramatic events that culminated in wide election protests last November.
Thursday, April 07, 2005
in
Ukraine
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