State banks sell Kyiv shopping centre Gulliver for 9.2 billion hryvnia
Oschadbank and Ukreximbank have announced a stock exchange auction for the disposal of a large office and retail complex in Kyiv, previously seized due to debts.
DSBW Tours – bankrupt
Following Natali Tours, another tour operator has announced the suspension of its operations. This time, bankruptcy has reached one of the market's oldest players – DSBW Tours.
The company stopped sending tourists abroad in the height of the season. According to market operators, many of them are operating on the edge of profitability during this period.
The situation was exacerbated by a sharp spike in the cost of aviation fuel.
Yet, just a few years ago, the assets of the owners of Natali Tours were valued at over 100 million dollars. The same can be said about the owners of other companies. So where did the millions go? And what edge of profitability can be spoken of with such wealth?!
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