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Ukraine has invested almost 1 bln UAH in EuroBasket 2015

Ukraine spent almost a billion UAH to host the EuroBasket 2015, which was canceled to be held in Ukraine
17:59, 9 July 2015

President Poroshenko signed a decree on the abolition of preparation measures and hosting the Basketball Euro 2015.

Building of the arenas and other facilities in Lviv, Dnipropetrovsk, Odessa, and Kyiv is halted.

"The preparatory expenditures amounted to 500 mln UAH. The preparations n Lviv reached the third level, and second level in Dnepropetrovsk," said UBI Company, which was engaged in the arena building.

Building of the “Arena Kyiv” goes on unhurriedly. “The construction is currently halted; we seek for the inside investors and partners. But we do not stop the work completely. Currently, we have invested of more than $ 14 million, which we expect to return. The facility handover is planned for 2017 or 2018,” said the marketing director of DeVision Kateryna Starunska.

Eurobasket 2015, which was expected to take place in Ukraine, was announced by International Basketball Federation (FIBA) to be held in another 4 countries - France, Germany, Croatia and Latvia. Ukraine has applied for Eurobasket 2017.

The decision of FIBA Europe to change the place of Eurobasket 2015 was broadcasted on June 13, 2014.

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