Bucharest, "one of the cheapest European cities"

Bucharest is on the seventy forth position in the 2011 top of the most expensive European cities

On the one hand, for expats Bucharest is number seventy four in the top of the most expensive European cities which means that it is four positions less than last year.

There have been analyzed the prices in seventy eight European cities.

On the other hand, Bucharest ranks number 180 which represents three positions more in the world.

Among the cities in Central and the Eastern Europe that are more expensive than Bucharest, there are Zagreb, Prague, Sophia, Budapest, Warsaw and Belgrade.

In Europe, Oslo is the city with the highest prices for expats and from this point of view it occupies the third place in the world before Stavanger in Norway – on the forth place in the world- and Zurich.

Among the analyzed cities, Switzerland is the one where the cost of living is the highest.

Beside the low inflation rate, Zurich went down from the tenth on the sixth place in the world classification as the Swiss franc was strongly assessed.

The cities with the lowest cost of living are Turkey and Germany.

As a consequence, in the world classification, Istanbul went down from the sixth position on the seventy eight while München got from the thirty five positions to the sixth.
Between 2010 and 2011, Paris fell from the sixth position on the twenty as Euro was undervalued.

Kishinev is on position seventy eight, the last in Europe.

ECA International assessed four hundred cities in the world in order to rank them and as a result in the top was Tokyo.

ECA International is an organisation that operates in thirty five states and it is specialized in managing the international labour force imbalance.

Translated by: Cristina Anamaria Maricescu
MA Student, MTTLC, Bucharest University