In 1872, a railway was laid through Volovets, which gave an impetus to the further rapid development of the village. Since 1957, Volovets has received the status of an urban-type settlement and district center. During the years of Soviet rule, administrative buildings, a communications center, a cultural Center, a tourist center "Plai", and a shopping complex were built here.
Today Volovets is one of the tourist centers of Transcarpathia. From here start the routes in the Borzhava Polonina.
