Less and less money for Euro 2012
The firmness of Zloty (currency) caused that funds alloted for organization of Euro 2012 in Poland and Ukraine depreciated considerably. At the same time wages and prices of materials increased by 20%.
A great deal of 67 billion euros granted by EU were to be alloted for preparations to Euro 2012. The size of that help has not changed although within a year the price of euro decreased 10 %, and this is how big a loss Poland will go under by organization of Euro 2012. "Over the year we have lost more or less 27 billion zlotys because of changes in exchange rates", counted Marek Zuber - Dexus Partners head economist. In the opinion of experts the losses will be growing because our Polish currency is still strengthening.
At the same time building materials and labor are getting more expensive.
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