Bratislava leaps to 31st place in Mercer HR cost of living survey
Bratislava, October 21, 2007 (Bratislava-City.sk) - Bratislava leapt to 31st place from 48th in 2006 in the Mercer HR Cost of Living Report, which ranks world cities according to living costs of expatriate staff.
Bratislava shares the 31st position alongside Barcelona, Spain. It has moved far ahead of the neighbouring Czech Republic's capital Prague, which took 49th place.
Mercer's annual Cost of Living Survey now covers 143 cities, measuring the comparative cost of over 200 items such as housing, transport, food, clothing, household goods and entertainment. Multinationals and governments use the survey to determine allowances for expat staff.
Moscow retained its first place in 2007, followed by London, which moved from the 5th position. The third place was taken by South Korea's Seoul. Vienna moved two places to take the 19th position, while Budapest and Warsaw remained outside the Top 50.
Separately, Bratislava rose by 29 places in 2007 ECA International cost of living rankings released in September 2007 mainly due to appreciation of the Slovak crowns vis-a-vis the major currencies.