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Eurozone top value for expat staff

first_img Previous Article Next Article Comments are closed. Eurozone countries offer good value for money for companies sending staffoverseas, claims research. The report, called the Worldwide Cost of Living, in which 130 cities fromaround the world were ranked by the Economist Intelligence Unit, shows that Londonis the most expensive city in the EU, although it has dropped to eighth placein the rankings, with Paris coming a relatively cheap 17th. Zimbabwe’s Harare has become one of the most expensive cities in the world –more costly than London and New York – due to its exchange rate policies. Itsgovernment has doggedly held the Zimbabwean dollar to the US dollar, despiteenduring inflation of more than 100 per cent. The biggest fall was taken by Argentina’s Buenos Aires, which has plummetedfrom 22nd to 120th. The survey shows the Argentinian peso has been allowed todevalue rapidly. The costliest cities are in Asia, with the Japanese cities of Tokyo andOsaka remaining at the top of the list – although the gap between them and HongKong has narrowed. www.eiu.com Eurozone top value for expat staffOn 1 Sep 2002 in Personnel Today Related posts:No related photos.last_img read more