Estimates of the horizontal velocity of the radioastronomical 
station Simeiz were obtained using VLBI observations made under 
geodynamics programs during the years 1994-2000. The complete 
set of 3 million VLBI observations was analyzed, and it was 
found that the station moves with respect to the Eurasian 
tectonic plate, considered as rigid, with a rate of 
2.8 -+ 0.9 mm/yr in the north-east direction. Possible local 
systematic effects were thoroughly studied and the reliability 
of the estimate of uncertainty of the results was evaluated. 
We investigated stability of the station with respect to local 
marks and revealed that an inclination of the azimuthal axis 
of the telescope increases with velocity 2".6 per year. 
The estimate of vertical motion of the station, 
2.6 -+ 3.0 mm/yr, is not statistically significant.