City biz rankings
Poland's capital moved up two places from its position of 22nd in last year's report, which is published by Cushman & Wakefield Healey & Baker, part of the world's largest commercial real estate consultancy.
Also in the report, a survey of European business leaders reveals that they consider Central and Eastern Europe as the best region in which to outsource, with Warsaw picked as the best city to outsource to. Out of 500 questioned key managers, a record 44 plan to launch business operations in Warsaw, which is trailed in this category by other capitals of the region: Moscow (41 companies), Prague (38) and Budapest (31).
"The corporate world of the 21st century is mobile. The cities of Europe need to be aware of this," says David Hutchings, head of the European Research Group at C&W/H&B. Cutting costs forces international corporations to seek more economical production solutions, and finding a less expensive workforce in another country is among the easiest and most effective ways to do this.
Respondents underlined the efforts of local authorities in creating a favorable climate for business (3rd place) and in improving state-private relations (9th place). Warsaw will be unable to jump up further in the rankings, however, until it improves its transportation services (ranked a low 27th) and the quality of living in general (29th). Perhaps the most critical area, according to the interviewed managers, is telecommunications, where Warsaw was ranked 26th-the one category where Warsaw slipped in the ratings, dropping one position.
Also in the report, a survey of European business leaders reveals that they consider Central and Eastern Europe as the best region in which to outsource, with Warsaw picked as the best city to outsource to. Out of 500 questioned key managers, a record 44 plan to launch business operations in Warsaw, which is trailed in this category by other capitals of the region: Moscow (41 companies), Prague (38) and Budapest (31).
"The corporate world of the 21st century is mobile. The cities of Europe need to be aware of this," says David Hutchings, head of the European Research Group at C&W/H&B. Cutting costs forces international corporations to seek more economical production solutions, and finding a less expensive workforce in another country is among the easiest and most effective ways to do this.
Respondents underlined the efforts of local authorities in creating a favorable climate for business (3rd place) and in improving state-private relations (9th place). Warsaw will be unable to jump up further in the rankings, however, until it improves its transportation services (ranked a low 27th) and the quality of living in general (29th). Perhaps the most critical area, according to the interviewed managers, is telecommunications, where Warsaw was ranked 26th-the one category where Warsaw slipped in the ratings, dropping one position.
