Within Europe, it is Cushman & Wakefield’s European Cities Monitor, running since 1990, that is the major indicator of business environment and investment potential. The Monitor is a highly stable index, with London, Paris and Frankfurt the top three cities in the index (in that order) throughout the past two decades.
London is the top-rated city in half of the 12 major rankings, including easy access to markets, external transport links, qualified and multi-lingual staff, and quality of telecommunications. There do not appear to be any factors disturbing the position of these three cities at the summit of the rankings in the medium-term future.
The most improved business cities since the index began are Barcelona and Madrid, which, although dropping places in 2010 due to the acute recession effects in Spain, have been on a generally steady upward curve for many years.
Barcelona reached as high as 4th in the index in 2009, up from 11th in 1990. The Catalan city’s biggest achievements in this index are retaining a decisive top spot in quality of life for employees and being perceived as one of the cities doing most to improve itself as a business hub.
Madrid has also risen impressively, to as high as 6th in 2009, from 17th in 1990. The German cities of Munich, Berlin and Hamburg have also all improved their placing since 1990, indicative of the business confidence they have inspired over the past two decades. Cities that have lost out as the strongest cities from Germany and Spain improve include Milan, Zurich and Glasgow.
The Eastern European charge is headed by Warsaw and Istanbul, both of which are making steady but unspectacular progress outside the top 20, while Moscow remains very poorly regarded by executives.
Europe’s real estate markets have been heavily impacted by the financial crisis and the subsequent lack of liquidity for investment, but the availability of substantial equity in some cities has meant some have performed much better than others. The ULI Emerging Trends Europe study in 2010 was much more optimistic about market recovery than in North America, mainly due to European cities being less dependent on financial services, and therefore less exposed.
Business and Tax Incentives for Foreign Investors in Singapore
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company and the country’s transparent legal system.
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company and the country’s transparent legal system.(more…)
Thailand Issues New Incentives to Attract Wealthy global citizens and Retirees
Thailand’s cabinet passed a resolution on September 14, 2021, introducing immigration, tax, and land ownership incentives aimed at foreign investors and skilled professionals. The incentives are part of an effort to stimulate Thailand’s economy which has been badly impacted by the COVID-19 pandemic.
Foreign investors, professionals, and retirees will be able to enjoy a number of new incentives in Thailand, as the government seeks to attract high-earning overseas residents to help the country’s COVID-19 recovery.(more…)
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...