Ukraine currently prepares for co-hosting the UEFA EURO 2012. In October, the Cabinet of Ministers adopted a programme which determines an overall investment volume of more than UAH 125 bn (almost USD 25 bn) or about 24% of annual GDP in 2006. With such ambitious expenditure plans it is unclear whether Ukraine will be able to eventually benefit from the championship rather than only wasting a significant part of its wealth for a prestigious yet unprofitable project.