Euro 2012 will Сause $10 billion of Losses for Ukraine

Euro 2012 will Сause $10 billion of Losses for Ukraine

 

Euro 2012 will bring to Ukraine $200 - 400 million of profit, while the total expenditure of the country for the championship will be about $10 billion. 
"Ukraine's leadership expects 650 thousand of tourists, but it looks like too optimistic forecast", - said Deputy Head of the Analytical Center of International Group of Companies Forex Club Nikolay Ivchenko, reports Delo. 
As analyst noted, first Ukrainian government hoped that the championship will require investments of 280 million dollars, and the share of public investment will be only 12% of this amount. 
Today's costs have exceeded the forecast, and the share of private capital is only 14%. 
Among the reasons of the indifferent attitude of private capital to the championship expert called the political instability, low investment attractiveness of the country, crisis and the inability of the country's leadership to develop a clear investment project. 
While Austria and Switzerland, who took Euro 2008, earned 470 million euros and invested 750 million euros. 
For the Olympics in Athens Greece has spent 11 billion, and earned only 2 billion euros. 
However, Ivchenko said that "football" infrastructure costs will be repaid in 10-15 years. 
Thus, six Ukrainian regions have been selected four the championship: Lviv, Kharkiv, Donetsk and Kyiv. 
Earlier, Deputy Prime Minister of Infrastructure Boris Kolesnikov said that Euro-12 will cost for  the state budget of about $6 billion. 

Euro 2012 will bring to Ukraine $200 - 400 million of profit, while the total expenditure of the country for the championship will be about $10 billion. 

"Ukraine's leadership expects 650 thousand of tourists, but it looks like too optimistic forecast", - said Deputy Head of the Analytical Center of International Group of Companies Forex Club Nikolay Ivchenko, reports Delo. 


As analyst noted, first Ukrainian government hoped that the championship will require investments of 280 million dollars, and the share of public investment will be only 12% of this amount. 


Today's costs have exceeded the forecast, and the share of private capital is only 14%. 


Among the reasons of the indifferent attitude of private capital to the championship expert called the political instability, low investment attractiveness of the country, crisis and the inability of the country's leadership to develop a clear investment project. 


While Austria and Switzerland, who took Euro 2008, earned 470 million euros and invested 750 million euros. 


For the Olympics in Athens Greece has spent 11 billion, and earned only 2 billion euros. 


However, Ivchenko said that "football" infrastructure costs will be repaid in 10-15 years. 


Thus, six Ukrainian regions have been selected four the championship: Lviv, Kharkiv, Donetsk and Kyiv. 


Earlier, Deputy Prime Minister of Infrastructure Boris Kolesnikov said that Euro 2012 will cost for  the state budget of about $6 billion. 

 

Tags:

euro-2012

Commentaries (Comments can be made ​​only by registered users. )

 
  • Валентин Беликов March 19, 2011 1:46 pm
    Да это новость не радует,узнает народ о таких тратах и EURO не захотят!
  • Михайло Сокол March 19, 2011 2:01 pm
    На мій погляд це довгострокові інвестиції,тому нічого лякати народ такою інформацією! Ці трати на користь держави!
 
 
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