The government of Ukraine allocated to the State Committee for television and radio broadcasting UAH 450 million ($18,14 million at the current exchange rate of the Central Bank of Ukraine) for carrying out of song competition “Eurovision” in 2017. The decision was taken at a Cabinet meeting on Monday, transfers “112 Ukraine”.
As he wrote Svenska Dagbladet, the value of the last “Eurovision”, which took place in Stockholm in may this year, amounted to 125 million kronor ($15.2 million on may 13, 2016 at the rate of ECB). UAH 450 million at the exchange rate of Ukraine on may 13, was equivalent to the amount of $17.77 million Thus Ukrainian “Eurovision” will be worth $2.57 million more than in the past may 2016 in Sweden.
Eurovision, which was held in 2015 in Vienna, Ukraine missed because the budget of the National television company of Ukraine was significantly limited in connection with the fighting in the South-East of the country. Austria itself, as written , has spent on the show, €36.7 million ($41 million at the time).
In 2014 the competition was attended Denmark. This Eurovision was the most expensive in the history of the competition. As calculated in the fall of 2014, the national audit chamber Denmark, the final expenditure of the country amounted to 334 million Danish kroner (approximately $60 million at the time). While initially the organizers have promised to spend no more than $15 million Serious costs for the competition in Denmark provoked a public outcry.
In 2013 the competition was held in Sweden (Malmo), then the Swedish public broadcaster SVT has estimated the cost of organization, $20 million In 2012 the competition was first taken by Azerbaijan. The organizers have estimated the costs of the contest to Baku in $46 million, however taking into account the construction of the concert hall, where the meeting was held, this figure had grown to $180 million of Local NGO “Public Association for assistance to free economy” estimated the cost of the competition in the $800 million that was spent on the construction of the arena, the road connecting the complex with the city centre, brand new taxis and various projects for improvement.
On “the Eurovision” in Moscow in 2009, it spent $44 million the General Director “the First channel” Konstantin Ernst admitted that the competition in Russia will be unprofitable. Much of the money went to the construction of the largest in the history of the contest scene.
The host country not bear all the costs of the show. Among the members of the European broadcasting Union (EBU), the agreement on the collective cost of “Eurovision”, and, according to experts, the “big five” (Britain, France, Germany, Spain and Italy) provide up to 50% of the annual cost of hosting the competition. Instead, they automatically receive a place in the final, while the others make their way through the semi-finals.