Keyword: «costs of hosting the olympic games»

The Olympic Games give a powerful impetus to the development of sports and the promotion of a healthy lifestyle for citizens in the country where the Olympic Games are held, contribute to the development of international cooperation, the strengthening of peace and mutual understanding between peoples and countries. The study of the experience of the Olympic Games allows us to identify ways to obtain the maximum positive socio-economic effect from each stage of the Olympic business cycle and the Olympic Games as a whole for the economy of the host country, and also to use this experience in the future. The article provides information and the appearance of the first Olympic Games, a comparison of the costs of holding the Winter Olympic Games in different cities and in different years, as well as an assessment of the economic effect of this sporting event.