Český finanční a účetní časopis 2007(4):78-85 | DOI: 10.18267/j.cfuc.250

Olympic Prague: Reality or Economic Utopia?

Jiří Strouhal
Ing. Jiří Strouhal, Ph.D. - odborný asistent; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <strouhal@vse.cz >.

Is reasonable for Prague (or for the Czech Republic as a whole) to be able to organize such sport event (from the organizing or financial point of view), or is it a wishful thinking of the group of the "Olympic Prague" fans? The text is based on the study of the Academy of the Science of the Czech Republic dealing with the economic aspects of the Olympic Games in Prague, and this text deals with the actual topic about the organizing of the summer Olympic Games in Prague in the horizon of the years 2016 or 2020. The main assumption of the realization of this event is the necessity of the finishing of the traffic and technical infrastructure due to the municipal plan. Realizing of the economical variant of the Olympic Games is not connected with the significant level of the profit or loss. It is Prague who should make the final decision whether to be able to be side by side of the other significant cities and be the candidate for this event; Prague has a great chance to succeed.

Keywords: Olympic Games; Prague; Financial and economic impact.
JEL classification: M29

Published: December 1, 2007  Show citation

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Strouhal, J. (2007). Olympic Prague: Reality or Economic Utopia? Czech Financial and Accounting Journal, 2007(4), 78-85. doi: 10.18267/j.cfuc.250
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