Article
The purpose is to study the impacts of hosting the Olympic Games in different countries in order to develop recommendations and proposals for the effective Games hosting and minimization of negative impacts for the host country and its residents. Materials and methods. We have analyzed actual and planned expenses for Olympic Games hosting from 1976 to 2016. We have carried out a comparative analysis success of the Games in accordance with the following factors: planned and real expenses, the proportion of real expenses to the planned ones, the share of State funding. We have considered the funding sources and socio-economic impacts of the Games. Results of the research: We have developed the proposals for increasing cost recovery of the Olympic Games. Conclusion: Holding of the Olympic Games is a serious responsibility for the host country and its residents. Therefore, it is necessary to consider and calculate the whole range of economic, social and financial aspects when planning the Olympics in order to make it financially successful with a view to maintaining and multiplying welfare of residents.
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