OREANDA-NEWS  On 10 October was announced, that Victor Yuschenko, the President of Ukraine, in his TV address to the Ukrainian nation informed that extraordinary parliamentary elections are to be held.

The relevant order was placed on the official site of the President on October 9.

The document may be considered as a negative, but expected factor for investors. It means for them that deep political crisis in Ukraine has been lasting for four year in a row, and the extraordinary elections will unlikely address all the problems emerged during this period.

Besides, it should be noted that political instability may be reinforced by claims saying that these early elections do not comply with the Constitution. Despite the grounded reasoning of Presidential advocates saying that in the current situation the Constitution does not provide for the necessity to obligatory wait for a year, starting from the day of the new parliament election, to early terminate its authorities, the opponents of elections have a argument of weight to challenge this Presidential decision. The fact is that legally the coalition stopped to exist only on September 16, and a month provided to the MPs for a new coalition formation has not elapsed yet.

For the Ukrainian stock market the situation is also aggravated by the fact that yesterday, when the global trading floors demonstrated dramatic decline, PFTS SE had no trades. So, today, the Ukrainian securities will have to suffer both for the global collapse and for the parliament dissolution, while the key driver for the market may become indices growth on international stock exchanges.