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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, Aug. 20


AmCham gets back to business after a summer hiatus with todays EHS Committee Working Group Meeting. Check their website for more details.



Thursday, Aug. 21


Time is running out to see the fantastic creations on display at the 2014 Sand Castle Festival on the beach at the Peter and Paul Fortress. Adhering to the theme of Treasure Island, visitors can wander amongst larger-than-life interpretations of pirate life or attend one of the workshops held to educate a future generation of sand artists. The castles will remain on the beach until Aug. 31.



Friday, Aug. 22


Get ready to pledge allegiance to the flag during National Flag Day, paying tribute to when, 23 years ago today, the iconic hammer-and-sickle was replaced with the tricolor that now flutters in the wind. Petersburgers will be treated to a free concert on Palace Square, a military parade and a culminating air show featuring Russias Russian Knights stunt pilots.



Saturday, Aug. 23


Uppsala Park plays host to Fairy Noon today, a performance of five separate fairy tales ranging from folk classics to more haunting selections. There will be three different renditions of the tales throughout the day and tickets start at 500 rubles ($13.80) for adults and 300 rubles ($8.30) for children.


Classic Finnish cartoon characters the Moomins expect to receive a warm welcome from Russian fans during todays Moomin Festival at the Pearl Plaza Shopping Center at 51 Petergofskoye Shosse. Become a kid again or introduce a new generation to the beloved creation of Finnish writer Tove Jansson.



Sunday, Aug. 24


The tortured genius of Dutch master Vincent van Gogh gets his day in the centers Konnushnaya Ploschad during Make Art Like Van Gogh, a daylong celebration of the artist that will allow amateur artists to try and replicate the work that made the famed painter world-renowned.


Experience a variety of dances highlighting the diversity of the world around as at the final day of the Ethno-Dance International Dance Festival that has been at the St. Petersburg Humanitarian University of Trade Unions this past week. Tonights performance will feature Egyptian dancers accompanied by local orchestras.



Monday, Aug. 25


Today kicks off the Elena Obraztsovoy International Competition for Young Vocalists in the large hall of the Shostakovich Philharmonic. Talented youngsters will showcase their range over the next six days before a winner is chosen on Aug. 30.



Tuesday, Aug. 26


Love movies but hate all those words? Then check out Rodina Cinema Centers Factor of Consensus film forum this evening. Silent movie classics from the beginning of the 20th century will be screened and accompanied by a pianist, who will provide the soundtrack for the ongoing action. The screenings begin at 7 p.m. Check Rodinas website for more details.



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