Arab Today, arab today oil crisis cuts games budget
Last Updated : GMT 02:31:10
Arab Today, arab today
Arab Today, arab today

Oil crisis cuts Games budget

Arab Today, arab today

Arab Today, arab today Oil crisis cuts Games budget

National Stadium in Baku
Baku - AFP

Azerbaijan has had to make a "modest" cut to the nearly one billion euros ($1.1 billion) operating budget to run the first European Games which start in 100 days, a top organizer said Wednesday.
The fall in the price of oil, which the country's economy relies upon, has led to a 34 percent fall in Azerbaijan's currency, the manat, as it prepares for the invasion of 6,000 athletes for the 16-day event which starts on June 12.
"We had a certain degree of rationalisation in our expenses, but it had only a modest effect on the budget reduction," Games chief operating officer Simon Clegg said, giving an operating budget of about 975 million euros.
Workers are still putting the finishing touches to the 66,000 seater national stadium, a near replica of Bayern Munich's stadium.
There is still no turf on the ground in the stadium which will host the opening and closing ceremonies as well as the athletics.
"We still have significant work to do, but I am very confident," said Clegg, who played a pivotal role in London winning the right to host the 2012 Olympic Games.
And he insisted that the economic battering had not diminished Azerbaijan's determination to stage a memorable Games.
Of the 18 sites where 20 sports -- including six non-Olympic sports -- will be held, five stadiums were specially built for the Games which were awarded to Azerbaijan in 2012.
The government has been praised for its response in taking up the challenge with so little time to prepare.
The European Olympic Committee (EOC) wants the Games to become a showcase event and there are already three cities shortlisted to hold the next Games in 2012.
The EOC has been underfire in some quarters for choosing a country with a much-criticised human rights record.
President Ilham Aliyev, 53, has been accused by rights groups of stepping up a campaign to stifle dissent since his election for a third term in 2013.
Amnesty International and Human Rights Watch on Wednesday condemned the persecution of dissidents in Azerbaijan with the Games approaching.
And Azerbaijan is set to occupy a lot of the sporting spotlight.
It will hold a Formula One Grand Prix in 2016 -- formerly the European Grand Prix and to be renamed the Baku Grand Prix -- and three matches in the European Championships football finals in 2020, including a quarter final.
Reports say Azerbaijan could announce its intention this year to host the 2024 Olympic Games after two failed candidacies for the 2016 and 2020 editions.
Azerbaijan sports officials are not commenting but Clegg said Aliyev understood the impact sport has globally.
"Azerbaijan has a president who understands sport and how sport can be used to reach political objectives," said Clegg.
Recent clashes between Azeri and Armenian forces over the breakaway Nagorny Karabakh region have also caused some concerns in European nations.
But Clegg said the test of a successful Games will be whether "the 6,000 athletes leave the country happy."
The 55-year-old Englishman predicted, however, that "the world will see Azerbaijan can organise incredibly successful events."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil crisis cuts games budget Arab Today, arab today oil crisis cuts games budget

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil crisis cuts games budget Arab Today, arab today oil crisis cuts games budget

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday