Moscow retains top place for pricey capitals
Published: 18 June, 2007, 09:45
The Financial Times newspaper reports that for the second consecutive year, Moscow has been announced the world's most expensive city for expatriate employees, according to a survey of 143 cities worldwide, compiled by Mercer Human Resource Consulting.
The survey of prices is based on the cost of the items in the basket of goods, rent, clothing and entertainment.
A high rise in rents pushed London three places up the ranking to second place.
Other costly European cities include Copenhagen, Geneva, Zurich and Oslo, which were all in the top 10.
Meanwhile New York has fallen out of the top 10.
18.06.2007, 09:33
Moscow restaurant market is thrivingThe restaurant market in Moscow is booming – growing 25% year-on-year. Analysts predict the country’s regions will follow the same trend soon. And as the cost of living is growing in Moscow, owning a restaurant is becoming a very profitable bus |
18.06.2007, 13:35
Demographic time bomb to burst soon?While investment into Russia is currently spurring economic growth, the country’s population is shrinking rapidly, which poses a major threat to long-term economic development. |
