NBU does not have cash for Euro 2012

The National Bank of Ukraine (NBU) has told the government that it is unable to allocate over $1 billion for the organization of Euro 2012, the UNIAN news agency said on Wednesday, RIA Novosti reported.

The news agency quoted an unnamed bank source as saying that the NBU was unable to allocate the money for the tournament, which Ukraine is co-hosting with Poland, due to a lack of funds.

The Ukrainian parliament earlier amended the 2009 budget to allow the allocation of an extra $1 billion for Euro 2012. However, President Viktor Yushchenko vetoed the bill and returned it to parliament. It eventually entered into force on October 15.

Ukraine's readiness for Euro 2012 has been a constant source of concern for UEFA, which has only confirmed that games will be played in the capital, Kiev. Poland's preparations have been approved by European football's governing body.

Although Kiev has been guaranteed games, it may lose the final. A decision on the venue for the final and the suitability of the three other Ukrainian cities - Donetsk, Lvov and Kharkov - will be made on November 30.

ForUm

Discuss news in the Forum

One-line news

14:05 Starting on November 18, Ukraine became member of the Council of Europe Committee of Ministers' Bureau, Ukraine's CE mission reported.

19 November 2009

17:03 Eighty percent of Ukrainians want to have strong president, survey shows.

16:02 Ukrainian painter's canvas exhibited in Bulgarian parliament.

All news

News

20 November 2009

17:49 Ukraine seeking part in Russia's Glonass project

16:15 Signing of gas contract is a joint victory for Ukraine and Russia

15:09 Flu quarantine cancelled in Ukraine

13:05 Putin says no gas crisis with Ukraine on New Year's

11:03 Yushchenko stresses importance of developing direct ferry service between Ukraine, Georgia

19 November 2009

17:59 WHO detects no mutation of A(H1N1) flu virus in Ukraine

16:32 Payment for Russian gas transit will grow twofold since January 1, 2010 - Prime Minister

14:45 Yushchenko asks Russia to alter gas contract

12:43 Ukraine lost the home match to Greece

10:40 Regions party collects 173 signitures for Cabinet's resignation

18 November 2009

16:30 President hoping to attract investments on the occasion of Euro-2012

14:29 Ukraine, EU to sign agreement on gas crisis prevention

12:50 European Union to send over 700 monitors to presidential elections in Ukraine

11:04 Junior Eurovision Song Contest 2009 opening in Kyiv

16 November 2009

16:35 Russia may modernize Ukrainian gas pipelines - energy minister

All news

Top

Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2009

Development by WebSysBox