Bucharest, high up on list of European cities where to do business, report finds

Bucharest ranks among the best cities for business, being the biggest riser in this year’s survey of best European cities in which to do business, up eight places from the 35th to 27th position, according to Cushman & Wakefield.

“Bucharest offers high-class office buildings with very attractive financial terms. These are important factors for companies looking to lease new premises for their business, or relocate their current operations. Recently, Bucharest’s infrastructure has been improved and there are plans for further development. This will improve accessibility for the business centres year by year. The reduced costs, quality and availability for office space make Bucharest more and more attractive for companies to develop their businesses in,” said Andrei Birsan, Head of Office Agency, Cushman & Wakefield in Romania. Bucharest ranks first in terms of cost of staff, while ranking second on availability of office space. London, Paris and Frankfurt remain the top three European cities in which to do business overall. Amsterdam has scored strongly this year, continuing the movement seen in 2010 to climb up to 4th place from 6th place. Berlin also performed well and moved into the top five, up two places from 7th position last year. In its 22nd year, the European Cities Monitor report is based on interviews with board directors at 501 of the largest companies in Europe. It includes an overall ranking of which European city is considered to be ‘best for business’ and the ‘best city in which to locate a business today’. In addition to this, 36 cities are ranked against criteria such as quality of life, access to markets, availability and quality of staff, cost of office space, telecommunications and transport links. editor@romania-insider.com (photo: Swan offices in Bucharest)