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St. Petersburg and Moscow Become More Affordable for Expats

Published: July 11, 2014 (Issue # 1819)



  • St. Petersburg, Russia's cultural capital, fell 12 places to 35th on Mercer's annual list of the world's most expensive cities for expats.
    Photo: Wikimedia Commons

Moscow has slipped seven places to ninth on an annual list of the world's most expensive cities for expats.

The rankings for 2014, published Thursday by global human resources consulting firm Mercer, were compiled based on the comparative cost of more than 200 goods and services, including housing, transportation, food, clothing, household goods, and entertainment in 211 cities.

Moscow placed second last year — making it the most expensive city in Europe for emigres — but almost slipped out of the top 10 thanks to a dramatic weakening of the ruble against the dollar, exacerbated by the drama of Western sanctions imposed on Russia over the Ukraine crisis.

Moscow's European title has been handed over to Zurich, which came fifth in the standings. Geneva in sixth place and Bern in eighth have also overtaken Moscow over the last year.

St. Petersburg, Russia's cultural capital, fell 12 places to 35th.

First place was taken — for the second year in a row — by Luanda, the capital of Angola. N'Djamena in Chad and Hong Kong fill out 2014's top three.

Ed Hannibal, a partner at Mercer's Mobility, explained the high rankings of the two African cities by saying that while they are both relatively inexpensive, they end up being pricey for expats because of the high cost of importing goods.

Added to that, accommodation that meets the standards of expats is also very expensive there, Hannibal said.

Other cities in the top 10 include Singapore in fourth and Shanghai in 10th.

New York, in 16th place, is the most expensive city in North America.

Despite seeing moderate price increases, Western European cities — particularly those in Britain and Germany — tended to move up in the rankings, mainly due to the strengthening of local currencies against the dollar, said Nathalie Constantin-Metral, who compiled the rankings.

Glasgow leapt 49 places to 108th, while Berlin jumped from 99th to 68th.





 


ALL ABOUT TOWN

Wednesday, Sept. 17


AmCham’s Investment and Legal Committee Meeting convenes this morning in their office in the New St. Isaac Office Center at 9 a.m.


Learn more about the science of teaching English at today’s EFL Seminar hosted by the British Book Center. Revolving around the topic of learning styles, the workshop will help attendees better understand the different effective learning methods that can be implemented to learn English more effectively.



Thursday, Sept. 18


Get your nerd on at Boomfest, St. Petersburg’s answer to the United States’ popular ComicCon. Starting today, this international festival of comics will take over venues throughout the city center and includes exhibitions of comics and illustrations, film screenings, competitions and the chance to meet the genre’s authors, artists and experts.



Friday, Sept. 19


SPIBA’s newest addition to their Cultural Discoveries events is “Handmade in Germany,” an exhibition featuring unique handmade objects of a significantly higher quality than mass-produced items. The work of over 100 German manufacturers will be displayed during the event, which opens today in the Lutheran Church of Saint Peter and Paul on Nevsky Prospekt and runs through Sept. 28.



Saturday, Sept. 20


Starting on Sept. 18 and ending tomorrow is the Extreme Fantasy Wakeboarding Festival in Sunpark by Sredny Suzdalskoye lake in the Ozerki region of the city.


Those after something more laid back can instead head to Jazz and Wine night at TerraVino with legendary jazz guitarist Ildar Kazahanov. 12/14 Admiralteyskaya Emb.



Sunday, Sept. 21


Learn more about African culture and get some exercise during today’s “Djembe and Vuvuzela,” a bike ride starting in Palace Square that includes several stops where riders can listen to the music of Africa or watch short films about the continent. The riders plan to set off at 4 p.m. and all you need to join is a set of wheels.



Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK-Fest, a five-day festival that starts on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of today’s round table discussion on “Interaction with Trade Unions” being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



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