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Bond market signals Ukrainian confidence

Heightened activity on Ukraine’s bond market is a clear reflection of companies’ faith in the country’s economic future. Ben Aris reports.
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Ukraine’s new government has been in office for more than 100 days and domestic companies are starting to get a feel for where the country is heading. Increasingly confident that Ukraine is on track to repeat last year’s double-digit growth, managers are turning to the bond markets to raise money and go back to the business of growing.

“Ukraine still faces big political risks, but they are diminishing,” says Ed Parker, senior analyst at Fitch Ratings. “Ukraine has always had a great potential and now confidence is rising that it will be realised.”

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