UEFA Euro 2012 was the biggest organizational, sporting and business project in the Polish history. European Championships in football are an elite sporting event, which the richest and fastest developing countries try to be the hosts of. UEFA Euro 2012 was the first tournament located in Central and Eastern Europe. The aim of this article is to analyze UEFA Euro 2012 with accordance to economic and social benefits as well as cost-effectiveness of realized investments. Primary research methods were critical analyzes of reports and minutes of companies responsible for preparation of the tournament, the analyzes of literature, own observations and statistics. The European Championships in football which took place in Poland and Ukraine in June and July 2012 are the object of the study. In the range of preparation phase many investments were done, especially in transport infrastructure. Airports, train stations and bus stations were modernized. New, multifunctional sporting objects were built. As it is clear from the calculations, many investments exceeded planned costs. The costs of building the National Stadium were much higher than any other similar objects in Europe. On the other hand the transfer times between host cities and Cracow decreased which directly contributed to the increase of travelling comfort.
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