It seems that almost everyone is familiar with at least one or two myths and legends about the Chornobyl Exclusion zone (ChEZ). While visiting it one might expect to see spooky abandoned villages and towns, run across mutant creatures and maybe even find glowing radioactive substances. But what is the truth? Moreover, does this huge territory – comparable in size to Luxembourg or the US state of Rhode Island – have a future? Is Ukraine deriving any gains from or facing problems connected with the ChEZ? I will do my best to answer these and other questions.