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“Stars” as a Recompense for Interests on Credit

The Vice Premier Minister of Ukraine Boris Kolesnikov declared that hotel owners and investors having converted hotels into the 4 and 5 star will get recompense for interests on credit. Due to Vice Premier government has already started accepting applications for recompense. This decision should be made by Cabinet of Ministers for allocation the necessary sum of money next year. “We are ready to offer remuneration for hotel companies, which will convert the “3 star” rooms to “4 star” and “4 star” to "5 star" as Boris Kolesnikov mentioned. He also admitted that the lack of five star hotels in Ukraine is obvious.