NEOPIRATE
Joined: 27 May 2003 Posts: 3
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Posted: Mon Oct 25, 2004 10:36 am Post subject: I am seeking funding for a hotel I want to buy in Ukraine. I |
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| Because commercial loans are controlled by the Ukrainian Finance Ministry, it has to be a bank registered with them. And that means a Ukrainian bank.Several large European bank concerns have branches in Ukraine. I work with Raiffeisen out of Austria, and their Ukrainian branches are called "OTP Bank".But be aware that as a non-citizen, you will need Ukrainian government approval to purchase there. You will likely be required to have a Ukrainian partner to buy a hotel, and it is likely you will pay more than the $2 million price in "gratitude".I will also warn that "millions of tourists" may be a bit misleading. Most of the people visiting the Crimea are ordinary Ukrainians and Russians, and you won't collect $200 a night for a stay. Do your market research. |
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