The Ukrainian city of Kiev will host the 2017 Eurovision Song Contest, it has been announced, after a fortnight of delays, according to BBC News.

The venue was due to be announced on 26 August, but a press conference was cancelled at the last minute.

Organisers said they were "still discussing" candidates, but fans speculated Ukraine might pull out of the contest for financial reasons.

Eurovision said Kiev, the capital city, would prove to be a "worthy host".

"Kiev presented an excellent case and we are looking forward to working together to create the most electrifying show yet next May," said Jon Ola Sand, who oversees the contest for the European Broadcasting Union.

This year, Sweden is thought to have spent $16m on staging the three live shows, making it the lowest-budget production in years.

The city of Baku, in Azerbaijan, which hosted the contest in 2012, spent $64m after building the Baku Crystal Hall specifically for the event. In 2014, Denmark spent $48m and received $17m in tourism spending, while Austria paid $37m and received $29m in 2015.