For all our esteemed readers interested in the business landscape in Ukraine, there is quite an intriguing piece of news. It appears that the resort "Bukovel" will soon face an "ambitious" competitor.
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SubscribeA new ski resort called "GORO Mountain Resort," located within the boundaries of Slavska OTG, is being developed by Lviv businessman Vitaliy Antonov, who owns the fuel empire OKKO ("Galnaftogaz").
This information came to light through the Telegram channel "All Moves Recorded," which frequently publishes compromising material on well-known politicians, officials, and businesspeople.
It has been reported that construction has been stalled since 2020 due to a series of criminal cases, which prominently featured the owner of the main competitor – "Bukovel."
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Antonov claims that within 15 years, they will build 41 slopes with a total length of 75 km (covering 342 hectares), 17.5 km of lifts (13 cable cars), and other resort infrastructure, including 25 hotels with 5,500 rooms.
The project is divided between Antonov (70%) and OKKO’s CEO Vasily Danilyak (30%). The initial project cost is $1.5 billion, of which OKKO Group plans to cover $0.5 billion, while the remaining billion will be sourced from creditors. One of these creditors will be Rinat Akhmetov, through PUMB bank.