Bucharest ‘third best European business destination’ – C&W report

Newsroom 13/10/2008 | 15:40

The 500 companies interviewed found that more efforts have been put into improving doing business in Bucharest than in Moscow, but not as much effort as in Prague, Budapest and Warsaw. Multinationals believe Bucharest has improved its internal transportation, ranking 26th this year, compared to 30th position last year. However, for connection to foreign countries Bucharest is still placed last among the 34 countries included in the study.
The cost of labor remains one of the city's advantages, Bucharest coming second in Europe in this category, after Warsaw, one place lower than last year. Quality of life in Bucharest was not highly ranked, with the city placing in 31st position, followed by Warsaw, and behind Budapest and Prague. Employees in Barcelona, Munich and Stockholm enjoy the best quality of life, according to the study. However, this is among the least important factors when a multinational company chooses new locations to which to expand its activity. The five most important criteria are the availability of qualified workforce, easy access to other markets, clients and consumers, the quality of telecommunications, transportation connection to other cities as well as international transport connections and workforce costs.
Corina Saceanu

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