The EURO-2012 plans push up Ukrainian horeca industry towards aggressive expansion. With over 300 hotels that need to be built by 2012, now three world-renown hotel chains plan to build over 40 Western-style hotels in Ukraine during the next few years. Belgium’s Rezidor Hotel Group, France’s Accor and the American InterContinental Hotels Group have now started working on nine projects, with three more to begin in 2009. Continue reading
Ukraine offers a wide range of investment opportunities across industries and throughout the vast territory of slightly larger than France with a dynamically growing market of almost 50 million consumers. To explore the investment projects, evaluate assets, assess tax and logistical issues, draw legal basis for your Ukrainian market strategy, investment consulting services can provide you efficient shortcuts to successful venture development. Continue reading
The Austrian Volksbank International Group (VBI) has announced its plans to acquire one more bank with operations in the Central & Eastern parts of Ukraine. Volksbank earlier acquired Ukraine’s Elektronbank. Continue reading
Following an attempt of buying another Ukrainian bank, Italy’s Intesa Sanpaolo closed a Feb. 4 deal to buy a 100% stake in Ukraine’s 6th-largest bank, Pravex Bank, for over 500 million euros ($750 million). The acquisition of Pravex by Italy’s 2nd-largest bank is the latest advance by European banking groups into Ukraine, as foreign banks have increased their market share in the past 3 yrs. Continue reading
Billions of dollars are expected to flow into Ukraine with the privatization plans for large enterprises starting with the sale of state-owned chemical giant Odesa Portside Plant and state fixed-line phone monopoly Ukrtelecom. Continue reading
UA Inter Media Group is gearing up for an IPO, a move which would mark the first of several planned listings on a foreign exchange by a Ukrainian media group
UA Inter Media Group, Ukraine’s leading media firm controlled by billionaire Valeriy Khoroshkovskiy. Last month, the media holding signed a consulting agreement with Kyiv-based investment bank Dragon Capital to prepare for an international IPO. Continue reading
Wyndham Hotel closed and exclusive agreement with the Ukrainian Hotels LLC (part of the Atstron Ukraine) to open fifteen 3-star Ramada Encore hotels within the next ten years.
UniCredit Group, the Italian banking giant, completed its 1.5 billion EURO acquisition of a 94.2 percent stake in Ukrsotsbank from Ukrainian billionaire Victor Pinchuk on January 23.
In recent years, Ukrainians seeking to live in the nation’s capital have turned to less expensive options in the suburbs as urban real estate prices skyrocketed to $5,000 per square meter and higher. Demand remains high, but the rush for affordable suburban land by average citizens and speculators alike is pushing prices for suburban lots to extremes too.
Through a series of merger and acquisition deals launched in 2005, European banking groups bought some of Ukraine’s most prized banks for top dollar
Through a series of merger and acquisition (M&A) deals launched in 2005, European banking groups bought some of Ukraine’s most prized banks for top dollar.