Business news from Ukraine


The project of the Dunaya resort in Odesa region provides for attracting private investments of $2.5 billion, replenishing the hotel rooms with 20,000 rooms and creating 25,000 jobs, Fazil Askerov, the chairman of the board of the Odesa region tourism association, has said.
“This is the Dunaya resort town. The state company Dunaya. A year-round resort with a gambling zone. It will be located on the spit (part of the spit is a dam) between Sasyk Lake and the Black Sea. More than 500 hectares, the embankment is over 10 km. More than 80 hotels, the smallest with 150 rooms, and the largest with 1,000 rooms,” he said on Facebook.
The project provides for the opening of the first hotels in 2022, Askerov said. According to the plan, the resort will receive the first million tourists in 2025, and by 2030 their number will reach 6 million annually.
“After the quarantine is over, we will definitely hold a public presentation of the project for the general public,” he wrote.
He added that the project was created on the initiative of President of Ukraine Volodymyr Zelensky, the project’s architect was Serhiy Husev’s team, and one of the ideological authors was the chairman of the Verkhovna Rada’s Committee on Economic Development, Dmytro Natalukha. In addition, according to him, Mikheil Saakashvili presented the project at the parliamentary hearings in 2016.

, , , ,


State-owned PrivatBank intends to involve an adviser in the preparation and sale of the financial institution’s shares in Bukovel, the largest ski resort in Ukraine, Deputy Head of PrivatBank Halyna Pakhachuk has said. “The bank owns two-thirds of the complex, which consists of 64 facilities, one-third is Skorzonera LLC,” she said.
Pakhachuk reported that this list of objects is not an integral property complex; in addition to the hotel, it includes 104 hectares of land and part of the lifts.
According to the deputy head of PrivatBank, when these objects were initially put on the bank’s balance sheet, their value was estimated at UAH 12.6 billion, including the Radisson Blu Bukovel hotel (Zirka Bukovelia) at UAH 1.62 billion, but their real market value differs from these indicators.
Pakhachuk also said that in recent years the bank has been renting its facilities in Bukovel to the Parktur LLC resort operator (Polianytsia, Yaremche, Ivano-Frankivsk region). In 2019, the rent amounted to UAH 110.5 million, including UAH 47.5 million per hotel, and in 2020 it will increase to UAH 117.5 million, including UAH 50.5 million per hotel.
The deputy head of the bank reminded that these facilities are non-core for the financial institution, and according to the standards introduced by the National Bank in the future, they will have to be taken into account at zero cost.
Radisson Blu Bukovel hotel increased its net income by 9.1%, to UAH 221 million, and the net loss decreased by 36.7%, to UAH 39.33 million in 2018. According to the state register, the beneficiaries of this enterprise are former owners of PrivatBank Ihor Kolomoisky and Hennadiy Boholiubov.
The revenue of Parktur LLC increased by 71.9%, to UAH 425.35 million, net profit increased by 6.2 times, to UAH 86.14 million in 2018, the owner is Vitaliy Kovalchuk, registered in Kolomyia (Ivano-Frankivsk region).

, , ,