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Home BUSINESSHelsinki 2nd cheapest in Nordic
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Sun, 09 Jun, 2013 12:04:38 AM
Oslo tops list of expensive cities
FTimes-STT Report, June 9

The Finnish capital has been ranked the second cheapest city in terms of living costs among the metropolises in the Nordic countries.

According to a survey by ECA International, a global human resource consultancy firm, Icelandic capital Reykjavik is the cheapest city in the region followed by Helsinki.

A survey report published by the consultancy firm Friday also mentioned that the Finnish capital is the 20th expensive city of the world for the expatriates while Norwegian capital Oslo topped the list of the most expensive cities in the world. Angola capital Luanda, Norwegian city Stavanger, South Sudan capital Juba and Russian capital Moscow followed Oslo in the list, according to the report.

Japanese capital Tokyo, which was on top of the list of expensive cities since 2010, ranked sixth priciest city for overseas workers this year.
Denmark capital Copenhagen secured 12th while Swedish capital Stockholm was 15th in the expensive cities of the Nordic, said the report.
Quoting the Regional Director (Asia) of ECA International, Lee Quane, CNN reported that the rise of Norway's capital to the top spot knocks "Prices in Oslo tend to be more expensive compared to other parts of the world (because of) the cost of production and labour.

 "Services include dry cleaning, shoe repair, hair dressing - items which are more labour intensive - meals eaten out at restaurants as well. We also see the impact of taxes. For example alcohol and tobacco is relatively expensive," Lee Quane told CNN.

According to ECA International data for Oslo, a movie ticket costs the equivalent of $18.76, a beer at a bar costs $14.10, while a soda will set you back $3.43, said the CNN report.

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