Lviv Racing to Meet Euro 2012 Deadline
This month will see Euro 2012-related activity in Lviv rech a fever pitch as city officials work to meet UEFA’s tough 30 November deadline. In April 2007
First, it marked the first occasion since the fall of the
The Euro dividend
Experience has shown that large international sports events such as the Olympic Games or football championships bring significant benefits to its host countries by way of FDI, infrastructure development grants and the positivespillover benefits gained from a growth in tourism, the creation of jobs in the construction and service industries. If we look at some of the impacts of holding the UEFA Euro championships in previous years, one can see that for
These financial track histories are very encouraging for Ukraine, notwithstanding dissenting voices which negatively assess the impacts of large international sports events on host country economies arguing that events of this nature often do not meet forecasted returns on investments and do not bring long-lasting and sustainable impacts. However, despite these varying opinions, in the case o Ukraine an opportunity to host the football championships can only be viewed through a positive prism because the event will create opportunities that otherwise would not exist under normal circumstances in light of Ukraine’s current political instability, struggling economy and depressed employment market.
Thanks to Euro 2012 Ukraine expects to see additional investments of USD 7 billion into the country’s economy, which will be forwarded to construction of highways, stadiums, airports, hotels, railway reconstruction, technical refit of local TV and radio companies, reconstruction of student dormitories, creation of modern public transportation systems, as well as development of essential infrastructure in the chosen host cities. This is an important opportunity and catalyst for
Euro 2012 is also important for Ukraine and Poland alike, beyond the financial returns, as it will allow both countries to establish even closer relations as partners in business and international relations, allow them to showcase their countries to rest of the world and secure a leap forward in the standards of life for their citizens.
A cure for regional unemployment?
This is good news for Lviv as the labour market will be able to heave a sigh of relief with its promise of new jobs. According to Mr. Stepan Lukachek from the Lviv Oblast Administration, works on a new stadium and infrastructure will create between 3000 new jobs and another 3000 jobs will be created in building a new airport in Lviv. Another 3-4000 new jobs will be created in engineering networks, setting up communications and building new roads. In total another 25, 000 jobs could be created in Lviv as a result of the championships. Lukachek also indicated that another 5000 new jobs will be created in the service sector. This is an opportunity that Lviv cannot afford to miss out on, but at the same time the question of whether Lviv will be able to respond with the required personnel to complete the works required still remains to be seen.
The unemployment figures in western
Lviv hoping to win UEFA favour
It must also be noted that on 13 May 2009 the UEFA Executive Committee made a few key decisions concerning the selection of host cities for Euro 2012. This included not confirming
It must move quickly on its infrastructure projects and find the necessary funding to finish them off before the deadline runs out. It will also need to hire and train the right people to host the influx of tourists who in fact will multiply information about
Let us hope that Lviv can meet the challenge, show that it is a word-class city and give itself the opportunity to move forward despite all of the challenges on its way.