Sochi, Russia

Definition

Sochi is a city in Russia located on the Black Sea coast, known for hosting the 2014 Winter Olympics. It serves as a significant hub for tourism, sports events, and international conferences.

5 Must Know Facts For Your Next Test

1. Sochi's infrastructure investments before the 2014 Winter Olympics totaled around $51 billion.
2. The investment in Sochi aimed to transform it into a year-round resort destination.
3. Sochi has become a case study in large-scale investment projects due to its extensive public and private funding.
4. The returns on investment in Sochi are evaluated through increased tourism, international recognition, and local economic development.
5. Risk assessment for the Sochi project included political stability, environmental concerns, and long-term sustainability.

Review Questions

• What was the total investment amount for the 2014 Winter Olympics in Sochi?
• How did the investments aim to transform Sochi's economy?
• What factors were considered in the risk assessment of the Sochi project?

Related terms

Capital Budgeting:

The process by which investors determine the value of potential large-scale projects or investments.

Return on Investment (ROI):

A measure used to evaluate the efficiency of an investment or compare the efficiency of several different investments.

Risk Assessment:

The identification and analysis of relevant risks to achieve objectives and create a strategy to manage them.