Parliament signed into law Presidential election act

The Law of Ukraine “On Amendments to certain Legislative Acts of Ukraine regarding Elections of the President of Ukraine” has been offically published and signed into existence following President Viktor Yushenko’s refusal to sign the law in fulfillment of his oath and duties as head of state.

The new version of the law, reduces the campaign from 120 to 90 days, increases the deposit for registration of candidates from 500 thousand to 2.5 million UAH,Deposits will be refunded to those candidates that progress into a second round ballot.

Incumbent president Viktor Yushchenko is currently rated 2.6% in the opinion polls and is expected to lose the election in the first round along with his nomination deposit.

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