Ashgabat Tops List of Most Expensive Cities for Foreigners, Belgrade 163rd
Three Swiss cities placed among the top 10, and several European cities climbed up the list.
In the annual report of the consulting company Mercer, 209 cities are ranked based on the cost of living, including housing, transportation, food and entertainment expenditures, with New York used as the reference point.
The most expensive city in Europe is still Zurich, which placed fifth, followed by Geneva (8th) and Bern (10th).
Several European cities climbed on the list due to the weakening of the dollar in 2021, among them Paris, which went up from the 50th to the 33rd place, and Luxembourg (63rd), which jumped by 20 spots. Many German cities climbed by more than 20 spots compared to 2020.
Belgrade also jumped by 20 spots and is now 163rd.
Other cities that recorded a jump on the list are Ljubljana (126th), by 22 spots, Zagreb (140th), by 12 spots, Budapest (162nd), by eight spots, and Sarajevo (186th), by 11 spots.
Ashgabat climbed up to the top of the list due to the high inflation in Turkmenistan, as stated for AFP by Jean-Philippe Sarra of the French branch of the American company.
Hong Kong dropped to the second place, and Beirut jumped from the 45th to the third place due to the inflation caused by the economic crisis, the pandemic and the explosions that partially destroyed its port in August 2020.
Tokyo placed fourth, Shanghai is sixth, Singapore is seventh, and Beijing placed ninth.
The most expensive US cities are New York, which dropped from the sixth to the 14th place, Los Angeles (20th) and San Francisco (25th).
Moscow dropped by 41 spots to 62nd, whereas Saint Petersburg dropped by 60 spots to 119th.
The least expensive city for foreigners is the capital of Kyrgyzstan, Bishkek, followed by the capitals of Zambia and Georgia – Lusaka and Tbilisi.
Naš izbor
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport