Minsk Is Second Best City for Cost Effectiveness

Foreign Direct Investment (FDI) Magazine, an English-language bi-monthly news and foreign direct investment publication, issued its European Cities and Regions of the Future 2016/17 ranking, which provides an assessment of the continent’s investment landscape. Minsk ranked second in the Cost Effectiveness category and tenth in the FDI Strategy category.

The European Cities and Regions of the Future ranking is published biannually, examining the cities in terms of attractiveness for foreign investments. In the overall top 25 ranking, London took the first place, with North Rhine-Westphalia named as the most attractive region.

In addition to the overall top 25 ranking, FDI published individual top ten ratings of cities and regions, including rankings in economic potential, infrastructure development, profitability and other metrics.

Towns and cities were compared according to their size. In the Top 10 Major European Cities of the Future 2016/17 – Cost Effectiveness category Minsk ranked second and Kiev took the top position. Minsk also ranked tenth on the FDI Strategy category. On March 15, Andrei Shoretz, Chairman of the Minsk City Executive Committee, received the awards for those categories at MIPIM (Le marché international des professionnels de l’immobilier), an international property event hosted in Cannes, France.

MIPIM is one of the most prestigious events in the field of real estate. The event aims to facilitate business between investors, local authorities, hospitality professionals, industrial and logistics players, and other real estate professionals.

Tags:

About Us

IBA Group provides software development, migration, maintenance, support, and IT consulting services with 3,000 IT and business professionals. Its focus areas are mainframe systems, enterprise applications, web solutions, SAP, BI, and mobile applications. Headquartered in Prague, Czech Republic, IBA Group has offices and development centers in 11 countries. IBA Group serves clients in more than 40 countries across diverse industries, including banking, railway, telecommunication, and manufacturing.