European Cities and Regions of the Future

Budapest, Hungary
With London in the UK retaining its position as the fDi’s European City of the Future 2014/15 and Germany’s Nordrhein-Westfalen sailing to the top of rankings, Emerging Europe (Poland, Czech Republic, Slovakia, Hungary, Romania and Bulgaria) shows clear strengths in Cost Effectiveness and Business Friendliness.

Every capital of these Emerging European countries (excluding Slovakia) rank in the Top 10 Major European Cities for Cost Effectiveness –from Bulgaria’s Sofia ranking first to Poland’s Warsaw at tenth. For Business Friendliness, Budapest, Warsaw and Prague re-emerge in the Top 10 Major European Cities.
Poland dominates the rankings overall, followed by Czech Republic. Hungary, Bulgaria, Romania and Slovakia, while coming up behind, reveal key cities, regions and areas to focus on.

Budapest emerges as a top Major European City for Business Friendliness and Cost Effectiveness, as well as FDI strategy, while the Regions of South Transdanubian and the Great Plain and North Hungary rank as respective Small and Large European Regions for Cost Effectiveness.

Bulgaria’s Stara Zagora region ranks tenth for FDI Strategy and second for Cost Effectiveness of Small European Regions, while dominating rankings with five of its Small European Cities occupying second to sixth place for Business Friendliness.
The Bucuresti-Ilfov Region fairs best in Romania overall, not only featuring seventh for Top 10 Eastern European Regions, but also third in Mid-Sized European Regions for Cost Effectiveness. Constanta ranks for Small European Cities Business Friendliness and Iasi for Mid-Sized European Cities Cost-Effectiveness. Slovakia’s Bratislava ranks as seventh in Business Friendliness for Small European Regions and ninth of the Eastern European Regions overall.
Of the Czech Republic, the cities of Brno, Ostrava and Prague emerge as key strengths, with the two former Mid-Sized Eastern European Cities ranking for Cost-Effectiveness (along with Prague’s ranking fifth in Europe as a whole), while Ostrava ranks again for Mid-Sized European Cities FDI Strategy. Meanwhile, the regions Pardubice, Plzen and Prague take the top three Eastern European Regions overall, Plzen and Pardubica again ranking in the top three of FDI Strategy.
Poland’s key Large European Cities rank well overall, for Cost Effectiveness and Business Friendliness, with Wroclaw ranking across all three categories, as well as FDI Strategy, along with Katowice and Poznan, which also rank overall and for Cost Effectiveness, respectively. Lodz and Krakow also rank in Cost Effectiveness for Large European Cities, while Mid Szczecin, Bydgoszcz and Gdansk rank eighth to tenth within Mid-Sized European Cities.
Of Eastern European Regions and Large European, Metropolis Silesia performs consistently well, ranking across Eastern European Regions overall, FDI Strategy in Eastern Europe, as well as sixth of Large European Regions, and topping Cost Effectiveness in Europe overall. Krakow’s Malopolska region follows closely behind, ranking fifth in Eastern European Regions overall, second in the area for FDI Strategy, while Wielkopolska comes up eighth and seventh in those same two categories. Masovian also ranked in the Top 10 Eastern European Regions overall, as well as fifth for Cost Effectiveness across Large European Regions. Opolskie and Zabkowice-Slaskie emerge at a respective fifth and eighth place for FDI Strategy in Eastern Europe. As for Large European Regions Cost Effectiveness, Silesian and Katowice rank a respective second and fourth.
Lower Silesian, Wielkopolska, Greater and Lesser Poland occupy seventh to tenth place for Cost-Effectiveness in Mid-sized European Regions.