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Kyiv ranked 106th in Mercer 2020 Cost of Living Ranking

Source : 112 Ukraine

Last year, the Ukrainian capital was 150th; Hong Kong has been leading the way for two years in a row
16:31, 9 June 2020

Open source

Kyiv, the capital of Ukraine is now ranked 106th in the Mercer 2020 Cost of Living Ranking. Last year, it was 150th. 

According to the message on the Mercer website, the research "finds that factors such as currency fluctuations, cost inflation for goods and services, and instability of accommodation prices, are essential to determining the cost of expatriate packages for employees on international assignments", reads the message.

In 2020, Kyiv shares the 106th place on the list with Hamburg and Lisbon.

Moscow comes 21st, Warsaw 169th, Minsk 194th. Hong Kong has been leading the way for two years in a row. The top five also includes Ashgabat (Turkmenistan), Tokyo (Japan), Zurich (Switzerland) and Singapore. Tunis, the capital city of Tunisia remains the outsider for the second year in a row. 

Related: IMF predicts fall of living standards in 170 countries due to Covid-19 pandemic

Mercer consulting company has been publishing this ranking annually. These are ordered by the governments and leaders of large companies, which regularly send their workers for business trips abroad. The ranking evaluates conditions of work of ex-patriots in various countries and sets a fair level of compensations. Mercer ranking has been published since 2007.

Related: Cafes, restaurants still closed in Kyiv, another seven regions of Ukraine, - official

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