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The Warsaw Voice » Business » March 31, 2011
Business & Economy
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Moscow Overtakes Warsaw
March 31, 2011   
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Moscow has overtaken Warsaw as the most attractive destination for potential investment in the coming years, according to the latest European Cities Monitor report from consulting company Cushman & Wakefield.

Warsaw, in second place, is still ahead of Paris, London and cities in Central and Eastern Europe, according to the report, which surveyed managers from the 500 biggest European companies.

Warsaw came first in terms of the cost of staff while falling to 24th in the overall European Cities Monitor ranking of best cities to locate a business today, one place down on last year.

In terms of planned company expansion, Central and Eastern Europe remains the most popular part of the region, while Moscow has replaced Warsaw as the city expected to see the largest influx of expanding companies 2010-15.

In the overall list, London has remained as the top city for business for years, followed by Paris and Frankfurt, with Brussels ousting Barcelona from fourth place this year. The top 10 includes four German cities. Moscow came 33rd.

The list has been drawn up for 21 years. The polled managers evaluated cities in 12 categories, including availability of qualified workers, labor costs, transport, how clean the environment is and the availability of office space.
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