Yalta is a coastal city located in the southern part of the Crimean Peninsula on the Black Sea. During the Soviet era Yalta was one of the most popular sea resorts in the Soviet republics, however, after the fall of the Soviet Union the city fell into crisis. In result of the economic transformations, which took place after 1991, a small part of the Russians and Ukrainians, who had rested on the Crimean Peninsula so far, grew significantly rich and started choosing more exotic places as their holiday destination. On the other hand, broad numbers of citizens of the former Soviet Union were impoverished and could not afford going for holiday to Yalta. However, in the course of time the situation normalized greatly and the coastal promenade and the Yalta beaches are again vibrant with live. The city is more and more willingly visited by tourists from abroad.
