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Stock H9Y

Governance HanseYachts AG Börse Stuttgart

De000a0kf6m8, recreational products, executive committee: hanseyachts ag.

Manager Since

44 year

Chief Executive Officer 01/10/2021

Stefan Zimmermann

Chief Operating Officer 01/01/2022

Boris Heitmann

Investor Relations Contact 01/08/2022
Public Communications Contact 01/08/2022

Composition of the Board of Directors: HanseYachts AG

Director Since

54 year

Audit Committee 13/12/2011

Martin Schoefer

Audit Committee 06/12/2018

Frank Forster

Audit Committee Chair 13/12/2011

Rene Oestreich

Director/Board Member 09/01/2020

Alexander Herbst

Director/Board Member 20/05/2015

Former Officers and Directors: HanseYachts AG

Insider Until
Sven Göbel
Chief Tech/Sci/R&D Officer 11/07/2012 -
Director of Finance/CFO 11/07/2012 01/07/2022
Human Resources Officer 11/07/2012 -
Director/Board Member 20/05/2015 -
Director/Board Member 29/01/2015 -
Corporate Officer/Principal 16/12/2011 06/09/2013
Chief Operating Officer 04/08/2011 31/10/2012
Director/Board Member 06/02/2012 06/02/2012
Chief Executive Officer 31/01/2012 -
Chief Tech/Sci/R&D Officer - -
Sales & Marketing 31/01/2012 -
Director of Finance/CFO 27/08/2009 31/12/2011
Human Resources Officer 04/08/2011 31/12/2011
Director/Board Member 27/08/2009 07/12/2011
Director/Board Member 07/12/2011 -
Director/Board Member 27/08/2009 04/08/2011
Chairman 04/08/2011 -
Director/Board Member 27/08/2009 04/11/2011
Director/Board Member 27/08/2009 -
Corporate Officer/Principal - 01/02/2011
Founder 01/01/1990 -
President 27/08/2009 -
Public Communications Contact - -
Sales & Marketing 04/08/2011 -
Investor Relations Contact - -
Investor Relations Contact 04/08/2011 -
Public Communications Contact 27/08/2009 -
Director of Finance/CFO - -

Age distribution of managers

Parity men women.

Male 8
Female 0

Of which Executive Committee

Male 3
Female 0

Of which Directors

Male 5
Female 0

Company Profile

Logo HanseYachts AG

Departures of Key Persons

04/08/2011 -

Chief Executive Officer

31/01/2012 -

  • Stock Market
  • Company HanseYachts AG

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Stock H9Y

Governance HanseYachts AG Berne S.E.

De000a0kf6m8, recreational products.

Delayed Berne S.E. 5-day change 1st Jan Change
- -.--% -.--% -.--%

Executive Committee: HanseYachts AG

Manager Since

44 year

Chief Executive Officer 2021-09-30

Stefan Zimmermann

Chief Operating Officer 2021-12-31

Boris Heitmann

Investor Relations Contact 2022-07-31
Public Communications Contact 2022-07-31

Composition of the Board of Directors: HanseYachts AG

Director Since

54 year

Audit Committee 2011-12-12

Martin Schoefer

Audit Committee 2018-12-05

Frank Forster

Audit Committee Chair 2011-12-12

Rene Oestreich

Director/Board Member 2020-01-08

Alexander Herbst

Director/Board Member 2015-05-19

Former Officers and Directors: HanseYachts AG

Insider Until
Sven Göbel
Chief Tech/Sci/R&D Officer 2012-07-10 -
Director of Finance/CFO 2012-07-10 2022-06-30
Human Resources Officer 2012-07-10 -
Director/Board Member 2015-05-19 -
Director/Board Member 2015-01-28 -
Corporate Officer/Principal 2011-12-15 2013-09-05
Chief Operating Officer 2011-08-03 2012-10-30
Director/Board Member 2012-02-05 2012-02-05
Chief Executive Officer 2012-01-30 -
Chief Tech/Sci/R&D Officer - -
Sales & Marketing 2012-01-30 -
Director of Finance/CFO 2009-08-26 2011-12-30
Human Resources Officer 2011-08-03 2011-12-30
Director/Board Member 2009-08-26 2011-12-06
Director/Board Member 2011-12-06 -
Director/Board Member 2009-08-26 2011-08-03
Chairman 2011-08-03 -
Director/Board Member 2009-08-26 2011-11-03
Director/Board Member 2009-08-26 -
Corporate Officer/Principal - 2011-01-31
Founder 1989-12-31 -
President 2009-08-26 -
Public Communications Contact - -
Sales & Marketing 2011-08-03 -
Investor Relations Contact - -
Investor Relations Contact 2011-08-03 -
Public Communications Contact 2009-08-26 -
Director of Finance/CFO - -

Age distribution of managers

Parity men women.

Male 8
Female 0

Of which Executive Committee

Male 3
Female 0

Of which Directors

Male 5
Female 0

Company Profile

Logo HanseYachts AG

Departures of Key Persons

2011-08-03 -

Chief Executive Officer

2012-01-30 -

  • Stock Market
  • Company HanseYachts AG

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Yachting Pleasure INTERNATIONAL

  • Nautical Industry

Change in the Management Board of HanseYachts AG

cfo hanseyachts

Stefan Zimmermann as a new member of the Management Board

New Operations and Development Board Member for HanseYachts AG

Although dr. jens gerhardt will be stepping down from the management board when his contract expires on 1 february 2022, he will still make himself available to hanseyachts ag in the future in an advisory capacity..

Change in the Management Board of HanseYachts AG – “Dr. Gerhardt has played a decisive role in shaping HanseYachts AG over the past 10 years. I would like to thank him expressly for his outstanding and longstanding service, especially in product development. We are pleased that he will continue to support us and provide his longstanding expertise particularly in the area of development. Hence, we were delighted to accept Dr. Gerhardt’s offer,” says Chairman of the Management Board, Hanjo Runde. 

As of 10 January, we welcome Stefan Zimmermann as a new member of the Management Board. As Chief Operating Officer (COO, he will be in charge of Operations and Development. Zimmermann holds a degree in Industrial Engineering and is also a keen yachtsman. Over the last 25 years he has successfully held several national and international management positions, focusing on operations and development. His past positions include Plant Manager at Ford Automotive and COO at Motoren Werke Mannheim, Kinolt S.A and wind turbine manufacturer Senvion. Hanjo Runde: “We are pleased to have gained an experienced COO in Stefan Zimmermann.” Management Board Member Sven Göbel will take responsibility on the Board for Finance, Purchasing and Human Resources as Chief Financial Officer (CFO).

HanseYachts AG is the second largest manufacturer of ocean-going sailing yachts in the world in terms of the number of yachts sold worldwide. In the market for leisure motor yachts, the company has moved into the top 10 suppliers worldwide

Runde: “The market outlook remains very positive. We have a strong substance and a lot of potential and want to use this environment to grow and build up further development and production capacities, among other things.” 

cfo hanseyachts

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Stock H9Y

Governance HanseYachts AG Börse Stuttgart

De000a0kf6m8, recreational products, executive committee: hanseyachts ag.

Manager Since

44 year

Chief Executive Officer 30/09/2021

Stefan Zimmermann

Chief Operating Officer 31/12/2021

Boris Heitmann

Investor Relations Contact 31/07/2022
Public Communications Contact 31/07/2022

Composition of the Board of Directors: HanseYachts AG

Director Since

54 year

Audit Committee 12/12/2011

Martin Schoefer

Audit Committee 05/12/2018

Frank Forster

Audit Committee Chair 12/12/2011

Rene Oestreich

Director/Board Member 08/01/2020

Alexander Herbst

Director/Board Member 19/05/2015

Former Officers and Directors: HanseYachts AG

Insider Until
Sven Göbel
Chief Tech/Sci/R&D Officer 10/07/2012 -
Director of Finance/CFO 10/07/2012 30/06/2022
Human Resources Officer 10/07/2012 -
Director/Board Member 19/05/2015 -
Director/Board Member 28/01/2015 -
Corporate Officer/Principal 15/12/2011 05/09/2013
Chief Operating Officer 03/08/2011 30/10/2012
Director/Board Member 05/02/2012 05/02/2012
Chief Executive Officer 30/01/2012 -
Chief Tech/Sci/R&D Officer - -
Sales & Marketing 30/01/2012 -
Director of Finance/CFO 26/08/2009 30/12/2011
Human Resources Officer 03/08/2011 30/12/2011
Director/Board Member 26/08/2009 06/12/2011
Director/Board Member 06/12/2011 -
Director/Board Member 26/08/2009 03/08/2011
Chairman 03/08/2011 -
Director/Board Member 26/08/2009 03/11/2011
Director/Board Member 26/08/2009 -
Corporate Officer/Principal - 31/01/2011
Founder 31/12/1989 -
President 26/08/2009 -
Public Communications Contact - -
Sales & Marketing 03/08/2011 -
Investor Relations Contact - -
Investor Relations Contact 03/08/2011 -
Public Communications Contact 26/08/2009 -
Director of Finance/CFO - -

Age distribution of managers

Parity men women.

Male 8
Female 0

Of which Executive Committee

Male 3
Female 0

Of which Directors

Male 5
Female 0

Company Profile

Logo HanseYachts AG

Departures of Key Persons

03/08/2011 -

Chief Executive Officer

30/01/2012 -

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Stock OXH9Y

Governance HanseYachts AG LIQUIDNET SYSTEMS

De000a0kf6m8, recreational products, executive committee: hanseyachts ag.

Manager Since

44 year

Chief Executive Officer 2021-09-30

Stefan Zimmermann

Chief Operating Officer 2021-12-31

Boris Heitmann

Investor Relations Contact 2022-07-31
Public Communications Contact 2022-07-31

Composition of the Board of Directors: HanseYachts AG

Director Since

54 year

Audit Committee 2011-12-12

Martin Schoefer

Audit Committee 2018-12-05

Frank Forster

Audit Committee Chair 2011-12-12

Rene Oestreich

Director/Board Member 2020-01-08

Alexander Herbst

Director/Board Member 2015-05-19

Former Officers and Directors: HanseYachts AG

Insider Until
Sven Göbel
Chief Tech/Sci/R&D Officer 2012-07-10 -
Director of Finance/CFO 2012-07-10 2022-06-30
Human Resources Officer 2012-07-10 -
Director/Board Member 2015-05-19 -
Director/Board Member 2015-01-28 -
Corporate Officer/Principal 2011-12-15 2013-09-05
Chief Operating Officer 2011-08-03 2012-10-30
Director/Board Member 2012-02-05 2012-02-05
Chief Executive Officer 2012-01-30 -
Chief Tech/Sci/R&D Officer - -
Sales & Marketing 2012-01-30 -
Director of Finance/CFO 2009-08-26 2011-12-30
Human Resources Officer 2011-08-03 2011-12-30
Director/Board Member 2011-12-06 -
Director/Board Member 2009-08-26 2011-12-06
Director/Board Member 2009-08-26 2011-11-03
Director/Board Member 2009-08-26 2011-08-03
Chairman 2011-08-03 -
Director/Board Member 2009-08-26 -
Corporate Officer/Principal - 2011-01-31
Founder 1989-12-31 -
President 2009-08-26 -
Investor Relations Contact 2011-08-03 -
Public Communications Contact 2009-08-26 -
Public Communications Contact - -
Sales & Marketing 2011-08-03 -
Investor Relations Contact - -
Director of Finance/CFO - -

Age distribution of managers

Parity men women.

Male 8
Female 0

Of which Executive Committee

Male 3
Female 0

Of which Directors

Male 5
Female 0

Company Profile

Logo HanseYachts AG

Departures of Key Persons

2011-08-03 -

Chief Executive Officer

2012-01-30 -

  • Stock Market
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  • Company HanseYachts AG

Visiting Russia - Nalchik, Capital of Kabardino-Balkaria

By Koryo Tours

Nalchik, capital of Kabardino-Balkaria

Visiting Russia – Nalchik

Yoshkar-ola | cheboksary  |  astrakhan | elista | stalingrad (volograd)  | abakan  |  nalchik  | validkavkaz  | makhachkala  |  grozny.

Nalchik is a small city of around 240,000 people and serves as the capital of Kabardino-Balkaria, one of the lesser-known republics spread across the beautiful North Caucasus area of Russia, the mountain range that separates the former soviet states of Georgia, Armenia, and Azerbaijan from the Russian Federation.

This region has incredible diversity in ethnic groups and is a melting pot at the edge of empire. While there have been civilisations in the Caucasus for millennia Nalchik as a city is only a century old, having been a Russian fort since 1724. Today’s Nalchik is a mostly peaceful and relaxing place, being in the foothills of the mountains it has many areas of great beauty and multiple sanatoria for people looking to take the waters, over the last century it has certainly had its share of turbulence though, being occupied by Romanian troops fighting on the side of the Nazis, who embarked on an effort to exterminate the ancient community of Mountain Jews in the area (unsuccessfully), plus a 2005 Islamic militant attack on Russian security forces.

These days Nalchik is known as a clean city, a place for relaxing, and the starting point of expeditions to summit Mt. Elbrus, the tallest mountain in Europe, which lies within Kabardino-Balkaria.

Kabardians make up the largest ethnic group at just under 50% of the city’s population, followed by Russians, Balkars, other Caucasian nationalities as well as Ukrainians, Mountain Jews still live in the area but in very small numbers now, most having emigrated to Israel.

Nalchik

Arriving/Departing

Nalchik Airport (NAL) is a small one but is fully functional for getting in and out, usually the foreigners arriving here will be mountaineers heading for Elbrus.

The Airport is only 3km from the city centre so you could even walk into town from here, otherwise, there are taxis and marshrutkas waiting for arrivals. Flights arrive only from Moscow and St. Petersburg usually, the Caucasus has other larger airports for other international flights (such as those to Sochi). Nalchik has a railway station, dating from 1915, with links to Moscow and across the Caucasus. A good option for travelling around the region in a relaxing manner (usually slower than taking a marshrutka between cities though) For getting around inside Nalchik there are public buses all over the place, easy to use and very cheap. Otherwise most of the centre is very walkable, the main ‘high street’ is Lenin Avenue, which runs for several km through the centre of the city.

Nalchik

Concord Square

The centre of Nalchik and a good place to start a walking tour of the city, with the Kabardino-Balkaria parliament building on one side and Lenin stands at the other, fountains in the middle and Lenin Avenue cutting through the square

Religious Buildings

The central buildings of the main religions practised in Nalchik are both fine examples of their respective architectural styles; the Central Mosque and the Cathedral of Mary Magdalene are both worth visiting. Dress codes apply.

Not actually in Nalchik, but only 50km or so away so the city is the ideal base for starting an expedition. This is Europe’s highest mountain and a dormant volcano. There are cable car/chairlift options to get t the top for those who don’t wish to do it the hard way. It is possible to get up and down this mountain n a single day, making it certainly the simplest of the 7 continental highest peaks to climb.

Museum of the Kabardino-Balkar Republic

Great for explaining where you are and the history of the area. Mostly in Russian only though and does tend to assume some knowledge in advance. Still a good stop to get some intro into the complex history of this city and area in general.

Atazhukin Garden

A large park complex running for more than 2km along the eastern side of the city, alongside the Nalchik River. A very pleasant place with so much to see and do. The basic Nalchik Zoo is here, walking trails, restaurants and cafes, theatres, a very retro funfair, and a rickety but reliable cable car running up to a lovely viewpoint to see over the city and out to Mt. Elbrus.

Topped by a restaurant building built in the shape of a Kabardian warrior. An excellent few hours can be spent exploring this park and mingling with the locals of all ages who do their relaxing here.

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Executive Bodies | HanseYachts AG

Vorstand der HanseYachts AG

Der Vorstand der HanseYachts AG besteht aus einem Vorstandsvorsitzenden und einem weiteren Vorstandsmitglied. Der Vorstand leitet das Unternehmen unter eigener Verantwortung. Die Zuständigkeitsbereiche des Vorstandsvorsitzenden und der Vorstandsmitglieder ergeben sich aus dem Geschäftsverteilungsplan. Die Leiter der Geschäftsbereiche berichten über die Unternehmensbereiche an den Vorstand und tragen die Ergebnisverantwortung für ihren jeweiligen Bereich. Regelmäßig, zeitnah und umfassend berichtet der Vorstand schriftlich sowie in den turnusmäßigen Sitzungen über die Planung, Geschäftsentwicklung sowie über die Lage des Konzerns an den Aufsichtsrat. Der Vorstand nimmt an den Sitzungen des Aufsichtsrats regelmäßig teil, berichtet schriftlich und mündlich zu den einzelnen Tagesordnungspunkten und Beschlussvorlagen und beantwortet die Fragen der einzelnen Aufsichtsratsmitglieder.  

Vorstandsvorsitzender (CEO)

Hanjo Runde | CEO

Hanjo Runde

Nach seinem Studium an der ETH Zürich und der Harvard Business School leitete Hanjo Runde verschiedene Bereiche in Sales, Marketing und Supply Chain bei der Hilti Gruppe und bei Airbus. Herr Runde, Jahrgang 1979, war zuletzt als Geschäftsführer des Premium-Küchenherstellers SieMatic tätig und übernahm im Oktober 2021 den Vorstandsvorsitz der HanseYachts AG.

Produktions- und Entwicklungsvorstand (COO)

COO HanseYachts AG

Stefan Zimmermann

Als Dipl. -Ing. der Fachrichtung Wirtschaftsingenieurwesen hatte er in den vergangenen 25 Jahren viele nationale und internationale Führungspositionen in den Bereichen Entwicklung und Supply Chain inne. Stefan Zimmermann, Jahrgang 1968, war bereits erfolgreich als Werksleiter bei Ford Automotive sowie als COO bei Motoren Werke Mannheim, Kinolt S.A und als CTO bei dem Windenergiekonzern Senvion tätig. Der passionierte Segler übernahm im Januar 2022 die Vorstandsposition des Chief Operations Officer.

Der Aufsichtsrat der HanseYachts AG

Der Aufsichtsrat der HanseYachts AG besteht derzeit aus sechs Mitgliedern. Davon werden vier Mitglieder von der Hauptversammlung und zwei Mitglieder von den Arbeitnehmern nach den Vorschriften des Drittelbeteiligungsgesetzes gewählt. Es besteht ein Prüfungsausschuss, der seit dem 01. Juli 2018 aus drei Mitgliedern des Aufsichtsrates gebildet wird. Seine Aufgaben umfassen neben der Beratung über die Prüfung des Rechnungslegungsprozesses, der Überwachung der Abschlussprüfung und den weiteren in § 107 Abs. 3 AktG genannten Aufgaben auch die Erörterung der Unternehmensplanung. Die Mitglieder des Aufsichtsrats und des Prüfungsausschusses sind im Bericht des Aufsichtsrats namentlich genannt.

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Gert Purkert

Vorsitzender des Aufsichtsrats seit 31.01.2012

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Mölschow OT Zecherin Tischler

Beyond Red Square

Travel Tips to Kabardino-Balkaria: More than Mt. Elbrus!

If you’ve traveled to the North Caucasus before, there is a good chance you’ve already been to Kabardino-Balkaria, and you didn’t even know it!  Kabardino-Balkaria lies in the center of the North Caucasus region, is home to Mt. Elbrus, but more than that is a treasure chest of travel possibilities.  Here is our guide to traveling through the republic of Kabardino-Balkaria, or 9 travel tips to this beautiful land:

1. How do I get there?

Kabardino-Balkaria hosts a large number of both foreign and Russian travelers every year, and has an improving infrastructure able to handle the incoming masses.  Let’s start with the obvious.  You might be a mountain climber or skier coming to enjoy the slopes of Mt. Elbrus.  That means you’re likely arriving on an airplane to Russia.  Here are your travel options:

A. Plane – We advise you fly into the Mineralni Vodi (MRV) airport in the Stavropol Region, which is about 45 minutes from the border of Kabardino-Balkaria.  MRV is the largest airport in the North Caucasus, and has daily direct flights to and from all 3 airpots in Moscow (SVO, DME, and VKO), direct flights from St. Petersburg, and several international flight routes as well, including from Istanbul, Dubai, Greece, Tel Aviv, and Bishkek.  The MRV airport has a growing infrastructure and is the most obvious choice to fly into if going to Elbrus.  From MRV, it’s a 2 hr. drive to Nalchik, and a 3.5 hr. drive to Mt. Elbrus.

That being said, the capital of Kabardino-Balkaria, Nalchik (NAL), also has a small regional airport with a daily flight to/from Moscow as well as weekly flights to Istanbul. As is to be expected in most smaller, regional airports around Russia, the service standard at a small airport like this will be minimal.  As a result, we recommend you flying in and out of MRV if able.  It’s a 2 hr. drive to Elbrus from Nalchik.  You can also fly into other regional airports which are 2 hrs. from Nalchik, such as OGZ in North Ossetia (Vladikavkaz) or IGT in Ingushetia (Magas).

B.  Car/Public Transport – If you have a car, are using a taxi, or are hitch-hiking your way to Kabardino-Balkaria, the region is accessible by a variety of roads and vehicles.  A major Russian federal highway E50 runs through Pyatigorsk into Kabardino-Balkaria, and can take you towards Mt. Elbrus, Nalchik, and deeper into the North Caucasus.  There are daily mini-buses, or “marshrutkas”, that travel to Nalchik from Pyatigorsk, Vladikavkaz, Grozny, and Magas, if you’re coming from a neighboring republic.  From the main Nalchik bus station, there is a marshrutka that goes to Terskol (i.e. Mt. Elbrus) daily around 12:30 pm; for that matter,  marshrutkas run daily into every valley of this beautiful republic.  For the seasoned international traveler, you can drive from the country of Georgia up the famed “Georgian Military Highway” through the heart of the Caucasus Mountains, cross the border into Russia at the “Verkhni Lars” border stop, and be in Nalchik in about 2.5 hours as well. 

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Anyone traveling on their own should download the “Yandex” taxi app, which is Russia’s version of Uber, and has a very user-friendly app with affordable prices.  In smaller villages/towns where Yandex’s service doesn’t reach, just ask a local and they’ll direct you to a friend or relative who can taxi you where you need to go!

C.  Train – Kabardino-Balkaria is also very accessible by the famous cross-country Russian train system if that’s your preferred method of travel.  Almost all trains to the North Caucasus pass through Mineralni Vodi in the Stavropol region to the north, so make sure wherever you are coming from, Mineralni Vodi is one of the stops.  Despite Nalchik having a train station, the city is about 45 minutes from the main railway route that runs diagonal through the North Caucasus, and as a result it’s a bit convoluted to get a train directly to Nalchik.  That being said, the town Prokhladni is a regular stop on trains going to/coming from Baku, Makhachkala, Grozny, Nazran, and Vladikavkaz, so you can always hop off there and find your way by public transport or taxi.

2.  What are the best places to stay?

This list could get exhaustive, fast. 🙂  Let’s first look at an overview of the republic’s geography, followed by hotel recommendations:

A. Nalchik – This is the capital city of Kabardino-Balkaria, with a population of around 250,000.  Nalchik is growing and new, modern hotels are being built regularly.  Here are some of our recommendations:

-Modern and comfortable:  Azimut , Butik Otel

-Budget with less frills:  Hotel Rossia , Korona

You could comfortably spend a week in Nalchik, while doing day trips into Kabardino-Balkaria’s beautiful mountain valleys.

B.  Baksan Valley – This is the most traveled road in Kabardino-Balkaria, the road to Mt. Elbrus.  If you have questions about its safety because of travel warnings, please see our detailed blog here of the drive to erase any doubts or fears.  Needless to say, because of the draw of Mt. Elbrus, there are a huge variety of lodging options at the end of this valley, from 4-star to mid-range to budget to hostel.  Here are just a few we’ll recommend from our experience:

-Modern and comfortable 4-star-ish:  Azau Star , Kristall 139

-Budget with less frills 3-star-ish:   Laguna , Povorot

If you’re a mountain climber with your sites set on the summit of Elbrus, you’ll have to spend at least 3-4 nights at Elbrus’s famous base camp at 13,000 feet.  The “barrel huts” are not easy to book directly with, and we highly recommend you do your climb (and hence, have your bookings handled) through a trusted climbing company.  Here are two shelters at base camp we recommend:

-Modern and comfortable:  Leaprus

-Budget with less frills:  Heart of Elbrus Lodge

If you’re interested in climbing Mt. Elbrus and staying in these barrel huts, click  here  to see our climbing itineraries, pricing, and group dates.

C.  Chegem Valley – Chegem Valley is the adjacent valley to Elbrus’s Baksan Valley, and is famous for its beautiful waterfalls as well as being Russia’s top paragliding location.  The “ Paradrome ” has modest accommodations for those wanting to get to know this beautiful valley for a longer period of time.

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D.  Upper Balkaria, or Cherek Valley – This is another beautiful mountain gorge not too far from Nalchik.  There is an authentic lodging complex in Upper Balkaria called Tau-El, with amazing local food for meals as well.

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E.  Border Zone lodging – Several of Kabardino-Balkaria’s mountain gorges run into the border zone with neighboring country Georgia, i.e. an area that foreigners cannot enter without a special permit from the local government (often taking 2 months to receive).  There is a famous mountaineering lodge in Bezengi Valley, where several generations of Russian mountain climbers have honed their craft in the Caucasus Mountains.  Perpendicular to Baksan Valley (about 25 minutes from the base of Mt. Elbrus) is Adyr-Suu Valley, where there is a lodge for back-country skiers to stay, while trying their hands (and feet!) on the untouched snow of that valley.  Both these valleys require border permits for foreigners, but are possible to access for the more adventurous!

3.  Top cities to visit?

Most locals would agree that Nalchik is the main city of significance to visit in Kabardino-Balkaria, but let’s be honest, even more would say, “Just go to the mountains!”  Tirnauz is the capital of the Elbrus district, and is an interesting town to spend some time in, with its unique location in the mountains and place in Soviet history as a once-booming mining town.  The main thing to consider in visiting Nalchik and other cities in the lowlands, is the chance to experience Kabardian culture and food.  Whereas the deeper you go into the valleys, the more you’ll encounter Balkar culture and food.

4.  Best local foods to try?

There are 3 types of food that come to mind, when spending time in Kabardino-Balkaria:

A. Khychiny – This is one of the staple national dishes of the Balkar people, and what you’ll inevitably be served if guests of local Balkars.  It’s a thin buttery flat bread, sometimes cooked with fillings of cottage cheese, fresh greens, or potatoes.  It is often slathered in butter, but wow is that some tasty greasy goodness! 🙂

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B.  Shashlik – Shashlik is a MUST for any visit anywhere in the North Caucasus!  Most people would agree that it’s the national food of the entire region.  Shashlik is meat shish kabobs; while pork and turkey can be found in some parts of the Caucasus, lamb or chicken are the preferred shashlik meats of choice in Kabardino-Balkaria. 

C.  Soup – No matter where you are in Russia, you’re sure to find a local soup that people love.  Kabardino-Balkaria is no different.  Especially in the winter months in the mountain valleys, there’s nothing better than to come inside from the cold weather and warm your body up to a bowl of hearty Caucasus soup.  Whether Georgian kharcho or local Balkar lakhman, make sure to try your hand at one of these soups with a side of fresh baked bread/lavash!

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5.  Top Hole-In-The-Wall restaurants:

Of course, for a republic of this size, we’re bound to leave at least a few great local joints off our list, but here are a few to get you started. ***Note:  Restaurants in the North Caucasus are much better known for their food than their service, so prepare for tasty food, but manage your expectations about service:

-Elbrus – Kogutai Restaurant at Mt. Cheget – While this isn’t a hole-in-the-wall restaurant per se, it’s one of many to choose from in the Cheget tourist village, and we have found them to provide consistently good food and service.  Kogutai has a nice interior, and maybe most important, an English-language menu with good pictures. 🙂  There also is a nice outdoor patio with fantastic views of the surrounding mountains.

-Nalchik #1 – Tameris Restaurant – This is a cafe with a relaxed atmosphere in the capital Nalchik.  Local tour company Elbrus Elevation has taken foreign groups there on multiple occasions and always had good experiences.  Address is ul. Kuliyeva 3. 

-Nalchik #2 – Cafe-Bar Oasis – You have to know where this restaurant is to find it, but once inside, you won’t regret it!  There is a unique cafeteria-style ordering process, that includes several dishes being cooked on the spot once ordered.  You can sample local Kabardian dishes here.  The seating area is very modern and a pleasant atmosphere to have a meal in.  Address is ul. Kuliyeva 2. 

-Upper Balkaria – Tau-El Restaurant – This is the restaurant part of the Tau-El Tourist Complex in Upper Balkaria.  Whether spending the night or just passing through, make sure to stop here for a meal!

6.  Must-See Sites

This republic is so chock full of “must-see” destinations, it’s impossible to narrow the list down.  Here are just a few suggestions to get you started: (***Mt. Elbrus is a no-brainer and we’re assuming that’s on your list)

A. El-Tyubu and Paradrome – This is an amazing area towards the end of Chegem Valley.  Many tourists visit the famous Chegem Waterfalls and don’t drive any further down this gorge, which really is a shame.  El-Tyubu is a picturesque Balkar village with several historical sites to see, including some ancient mausoleums.  The real gem of the area, though, is the Paradrome , which is Russia’s premier paragliding destination.  The combination of the scenic surrounding mountains and constant winds produces almost daily conditions to sail through the beautiful Caucasus sky.  Highly recommend!

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B.  Upper Balkaria – Also known as Cherek Valley, the entire drive to the actual village of Upper Balkaria is one big destination.  First, you can spend time at the 3 consecutive “ Blue Lakes ”, one of which is one of Russia’s deepest lakes with an underground spring.  Then, the drive itself becomes an adventure, as you pass by steep rock walls with a huge drop-off on the other side.  If you’re able to walk this part of the road, that is a bonus!  Once you’ve made your way through the valley walls, the region opens up into a beautiful panoramic view.  Many years ago, there were multiple villages in this region, but they’ve since been condensed into one main village.  You can see some of the ancient Balkar towers that their ancestors used to live in as well.

C.  Djili-Suu – Although hard to pronounce and not easy to get to, Djili-Suu is one of those places in the North Caucasus that people rave about that you “have to” visit.  It’s actually on the North side of Mt. Elbrus, and more accessible from the Mineral Waters region (2 hrs. from Kislovodsk).  The base camp for Elbrus climbers summiting the mountain from the North side is at Djili-Suu.  This area is famous in Russia for its numerous natural healing springs, as well as unique climate conditions that make for beneficial, long holidays for seeking a respite from their daily grind.  There are wide swaths of land available for camping, with probably the most unrivaled views of Mt. Elbrus in the North Caucasus.  Make sure to check this out!

7.  Off-the-beaten path destinations

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A. King’s Waterfalls (Tsarskie), or Gedmisht – Probably the valley in Kabardino-Balkaria with the least amount of hype is the Malka Valley, which is the northernmost valley and mainly runs through the Kabardian lowlands.  At the point where the villages end, though (Khabas), the asphalt turns into dirt and the hills start to rise, culminating with the incredible King’s Waterfalls, or as one friend put it, Avatar Waterfalls.  These stunning waterfalls are best visited in the early summer, when everything is lush green and the water flow is strong, with many streams of water flowing down the earth’s surface.  The different colors are incredible and it’s hard to look away.  Once you’ve enjoyed the waterfalls, enjoy a meal of shashlik at one of the nearby lunch huts.  Having an off-road vehicle is ideal to visit these falls, but worth the time and effort!

B.  One-seater chair lift at Elbrus – As the infrastructure at Mt. Elbrus has modernized, some of the more “authentic” experiences have gone to the way-side.  This is one experience still available, though!  From the 2nd (11,000 ft.) to 3rd level (12,500 ft.) of Mt. Elbrus (whether skiing, going to base camp, or just touring), there is a single-seater chair lift for 100 rubles each way (less than $2).  This is an amazing experience if you have the time.  It’s 8-10 minutes each way, and a surreal experience of the majestic Caucasus mountain range surrounding you, skiers silently passing you by underneath, and in general enjoying the silent expanse of nature all around.  The chair lifts are from the Soviet times and so it feels like something from a different era.  For mountain climbers, the newer group cable car gives better access to most of base camp, but several huts are pretty close to this chair lift, so it still may be a good option for you.

C.  Abandoned Mines above Tirnauz – Tirnauz is about 1 hr. from Mt. Elbrus, and a town everyone drives through to and from the mountain.  Although today it looks old and half-abandoned, it was a booming mining town in the 20th century.  About a 45-minute drive above the city with an off-road vehicle, you can see the remains of the mining operations.  Learning about this history combined with the breath-taking views of the Baksan Valley and even into Georgia, you’ll wonder why more people aren’t visiting this place.  This is a great spot to see eagles soaring in the sky, as well as admire the Soviet city plan of Tirnauz from above.

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8.  What do I need border zone passes to visit?

In Russia, any area within 5-10 km of a neighboring country, without a clearly delineated border (i.e. in the mountains) is considered a special border zone, and patrolled by Russian border guards.  This area IS accessible to all Russian citizens with their passports, but is NOT legally accessible to foreign citizens UNLESS you have a special permit from the FSB (Federal Security Bureau).  These permits are accessible, either through a tour operator or local friend, but require you to submit your application 45-60 days in advance.

Areas in Kabardino-Balkaria that are worth a visit if you have a border zone pass:

A.  Bezengi Wall – This is at the end of the Bezengi Valley, and holds a place of lore among Russian mountain climbers.  Many mountain guides go through training in this valley.  Five of the Caucasus Mountain’ range’s highest seven peaks are a part of the Bezengi Wall, so you can imagine the draw it has for climbers. There are great areas for trekking and camping in this area. 

B.  Adyr-Suu Gorge – This remote valley runs perpendicular to Baksan Valley and is about 25 minutes from the base of Mt. Elbrus.  It’s marked at the entrance by a relic of the past, a car lift from Soviet days that auto-cranks your car (and you) about 50 meters up the mountain.  After 45-60 minutes of driving on gravel road, the gorge opens up into a flat valley with a beautiful view of the surrounding mountains.  The Adyr-Suu Alpine Lodge is at the end of this valley and where back-country skiers base out of during the acclimatization phase of their Mt. Elbrus ski tours.  This is truly a place where you can experience untouched powder!

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C.  Mt. Cheget (Elbrus) – Cheget is a neighboring mountain to Mt. Elbrus and where many climbers will acclimatize, both at its base and while doing some hikes.  It also is famous in Russia for its free-ride terrain for more experienced skiers.  Standard access to the chair lifts and mountain are available to all (i.e. mountain climbers don’t need to worry about accidentally crossing into the zone), but anyone wanting to summit the peak of Cheget OR visit the beautiful Cheget Lake needs a border permit. 

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Foreigners violating the border zone areas is considered a serious offense in Russia; make sure to do your due diligence if wanting to visit one of these areas!  We highly recommend using a local tour operator and always traveling with a local person if visiting one of these areas.

9.  Any cultural “do’s” or “don’t’s” to be aware of

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Kabardino-Balkaria is a fascinating republic with a combination of traditional and modern society.  The more you interact with local people, the more you’ll see a mixture of Muslim faith, post-Soviet mentality, and ancient local traditions all wrapped together.   

Kabardians mainly live in the lowlands (Nalchik, Baksan, and lowland villages), while Balkars primarily live in the mountain valleys (Elbrus, Chegem, Upper Balkaria, etc.).  There is a large population of Russians in the region as well.  Foreigners visit every area of the region regularly, and so local people are used to and will welcome your presence.

Come with an open mind to learn about these peoples, their traditions, and their land.  You won’t regret your trip to Kabardino-Balkaria!

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***Want to learn more?  Here are several self-published resources from the podcast “ CaucasTalk ” related to Kabardino-Balkaria:

– Travel Tips to Kabardino-Balkaria (audio version of this blog)

– History of Mt. Elbrus (Part 1)

– History of Mt. Elbrus (Part 2)

– Interview with Local Elbrus guide

– Climbing Elbrus: Interview with American guide

– Who are the Kabardians? (Part 1)

– Who are the Kabardians? (Part 2)

– Skiing in the North Caucasus (Elbrus and more)

READY TO EXPERIENCE KABARDINO-BALKARIA FOR YOURSELF?

Where to find us.

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Travel Information

  • We no longer offer travel services to Russia. See Caucasus Quest Tours for new destinations
  • Is it Safe to Travel to the Caucasus in 2024?
  • Climbing Kazbek & Kilimanjaro: Comparing two 5,000+ meter peaks
  • How to Train to climb Mt. Kazbek in Georgia

Our Elbrus Climbing Tours

  • Climb Elbrus South Route
  • Climb Elbrus North Route
  • Climb Elbrus & The Capitals
  • Climb Elbrus & The Caucasus

Russia Cultural Tours

  • Capitals of Russia
  • Lake Baikal on Ice
  • Delightful Dagestan
  • Heart of the Caucasus

ALL Travel Services to Russia and Mt. Elbrus have been indefinitely suspended as of Feb. 2022.

Explore our new tour branch Caucasus Quest to climb Mt. Kazbek (5,054 meters) in Georgia or for immersive cultural touring experiences in Georgia, Armenia, and Azerbaijan.

IMAGES

  1. Jan Brockmöller

    cfo hanseyachts

  2. Nieuwe CFO van HanseYachts AG vanaf juni

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  3. Hanse Yachts Launches New 2021 Hanse 460

    cfo hanseyachts

  4. Neuer Vorstand der Hanseyachts AG: Was verbindet Flugzeug- und Yachtbau

    cfo hanseyachts

  5. YACHTS

    cfo hanseyachts

  6. Hanse Yachts

    cfo hanseyachts

VIDEO

  1. Hanse 505

  2. Dehler 42 präsentiert von West Yachting

  3. SEALINE at boot Düsseldorf #shorts

  4. Sailing Yacht Hanse 345

  5. Hays' CFO on European Markets, Brexit, Wages

  6. Rudder Drive by HanseYachts

COMMENTS

  1. Executive Bodies

    Hanjo Runde. After studying at ETH Zurich and Harvard Business School, Hanjo Runde headed various areas in sales, marketing, and supply chain at the Hilti Group and Airbus. Mr Runde, born in 1979, was most recently Chief Executive Officer of the premium kitchen manufacturer SieMatic and took over as CEO of HanseYachts AG in October 2021.

  2. Hanjo Runde, Hanseyachts AG: Profile and Biography

    Hanjo Runde is CEO/Interim CFO at Hanseyachts AG. See Hanjo Runde's compensation, career history, education, & memberships.

  3. HanseYachts : 01.06.2022 Change in the executive board of HanseYachts

    For next issue . Wednesday, 1 June 2022 CHANGE IN THE EXECUTIVE BOARD OF HANSEYACHTS AG New CFO of HanseYachts AG as of June Greifswald, 1 June 2022 - Sven Göbel, since 2012 a member of the Executive Board of HanseYachts AG, the second-largest series shipyard worldwide, will leave the company on 10 July 2022 after ten years to take on new challenges.

  4. PDF Change in The Executive Board of Hanseyachts Ag

    New CFO of HanseYachts AG as of June Greifswald, 1 June 2022 - Sven Göbel, since 2012 a member of the Executive Board of HanseYachts AG, the second-largest series shipyard worldwide, will leave the company on 10 July 2022 after ten years to take on new challenges. Since joining HanseYachts AG in 2012, Sven Göbel has successfully led the company

  5. HanseYachts AG: Governance, Directors and Executives & Committees

    Find the composition of the Board of Directors of HanseYachts AG (Börse Stuttgart Stock Exchange), the gender parity as well as the age distribution of the insiders. 33a.QvDN4rhKvQPF4l864M1iAPZqcg---jRBoq8-FF2FTG8.IZ_4hdci0y6DhAdpkqwkRL0-RD_utVo07eIKWSv2JQUQppqG1iv7S_LVCg

  6. Investor Relations

    Investor Relations. Following the record figures in the first half of our 2023/2024 financial year, our majority shareholder is planning to increase its stake in HanseYachts. And we expect to save more than half a million euros per year as a result of the cancellation of the stock exchange listing, which we can now invest in the development of ...

  7. HanseYachts AG: Governance, Directors and Executives & Committees

    978ad94a07b646463b00c7d04343f3e8.n3q0jP5CHl4Xveu7DPstmNUt7RagS-HHE1b3fBKSUZY.z07ZvJN7am5S1Zzrdp4d6oRumGzMBNmxRwaaLHbIENLRMtvuuzhfFGWMqg Log in

  8. Financial Reports

    Why HanseYachts? Press. Press Releases; Press Reports; Press Login; Contact. Newsletter; Owners Area; Contact; Financial Reports. 2023/2024. Halbjahresbericht 2023/24 2022/2023. Annual Report 2023/2023 Jahresabschluss und Lagebericht für das Geschäftsjahr 2022 / 23 ...

  9. HanseYachts AG: Governance, Directors and Executives & Committees

    Find the composition of the Board of Directors of HanseYachts AG (Berne S.E. Stock Exchange), the gender parity as well as the age distribution of the insiders. d9485d5ed9e0610f930.8ljDCPA4uoI51DvqnOafFZEyysCR-K5gfhrpwGqvKyc.mwGXUpdV49dtjmSQ9LD5Yvofn4f-vvwDTVOBrSPYQh_BFadEmHzywVGlUA

  10. Change in the Management Board of HanseYachts AG

    Management Board Member Sven Göbel will take responsibility on the Board for Finance, Purchasing and Human Resources as Chief Financial Officer (CFO). HanseYachts AG is the second largest manufacturer of ocean-going sailing yachts in the world in terms of the number of yachts sold worldwide. In the market for leisure motor yachts, the company ...

  11. HanseYachts CEO, Founder, Key Executive Team, Board of Directors

    Explore {HanseYachts's key management people. Discover current leadership team members including founders, CEO, other executives and board directors. HanseYachts CEO, Founder, Key Executive Team, Board of Directors & Employees

  12. New CFO at HanseYachts

    Technology. MIT's autonomous boat technology nearing deployment in Amsterdam; Newly introduced propeller technology significantly reduces underwater noise

  13. Jan Brockmoeller, Hanseyachts AG: Profile and Biography

    Jan Brockmoeller is Former CFO at Hanseyachts AG. See Jan Brockmoeller's compensation, career history, education, & memberships.

  14. New CFO at HanseYachts -...

    New CFO at HanseYachts - German boatbuilder group HanseYacht announced further management changes at the company http://ow.ly/lC1i50JnM54 #ibi #ibinews

  15. HanseYachts Company Profile

    HanseYachts has 3 employees at their 1 location and €173.66 m in annual revenue in FY 2023. See insights on HanseYachts including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft.

  16. Company profile

    HanseYachts AG is one of the world's largest manufacturers of sailing yachts and motor yachts, with six brands and two production sites. Learn about its history, products, design, quality and suppliers.

  17. Nalchik

    Nalchik is the capital city of Kabardino-Balkaria, a federal subject of Russia in the North Caucasus. It has a history dating back to the 19th century, when it was a Russian military settlement, and was occupied by Romanian troops during World War II.

  18. HanseYachts AG: Governance, Directors and Executives & Committees

    2ec131af0900c115d7c0c49e1e253e.nRRhz0XpCww7kf7QROFU0f5TsYk2gW3D_rD5B7xKkw4.6lUkunOIUnVP4pOifasGtrQi_b8F-xyTq4TKQcwfwCP0bSStAb5SSU3Yyg Log in

  19. Governance HanseYachts AG LIQUIDNET SYSTEMS

    Director of Finance/CFO 2012-07-10 2022-06-30 ... HanseYachts AG is a Germany-based manufacturer and marketer of seagoing sailing and motor yachts. The Company's business is organized into two segments: Sailing Yachts and Motor Yachts. The Sailing Yachts segment offers cruising yachts under the HANSE brand, deck-salon or classically designed ...

  20. Kabardino-Balkaria

    Kabardino-Balkaria is a republic of Russia in the North Caucasus, with a population of about 900,000. It has the highest mountain in Europe, Mount Elbrus, and is home to the Kabardins, Balkars, and other Circassian groups.

  21. Visiting Russia

    Nalchik is the capital of Kabardino-Balkaria, a diverse republic in the North Caucasus region of Russia. Learn about its history, culture, attractions, and how to visit Mt. Elbrus, the highest mountain in Europe.

  22. Organe der Aktiengesellschaft

    Der Aufsichtsrat der HanseYachts AG besteht derzeit aus sechs Mitgliedern. Davon werden vier Mitglieder von der Hauptversammlung und zwei Mitglieder von den Arbeitnehmern nach den Vorschriften des Drittelbeteiligungsgesetzes gewählt. Es besteht ein Prüfungsausschuss, der seit dem 01. Juli 2018 aus drei Mitgliedern des Aufsichtsrates gebildet ...

  23. Travel Tips to Kabardino-Balkaria: More than Mt. Elbrus!

    Learn how to get to, where to stay, and what to do in Kabardino-Balkaria, a North Caucasus republic with diverse landscapes and cultures. Discover the best places to visit, from the capital Nalchik to the Baksan Valley, and the famous Mt. Elbrus.