Kyiv and Lviv enter global top 10 for cost-effectiveness in Financial Times investment ranking.

Ukrainian cities Kyiv and Lviv have made it into the inaugural Smart Locations of the Future ranking produced by Financial Times division fDi Intelligence. Both Ukrainian destinations featured in the global top ten for cost-effectiveness, with the Ukrainian capital city occupying fifth place while Lviv was in eighth position. The cost-effectiveness category of the ranking assessed 115 investment destinations worldwide on such indicators as rental fees for office and industrial space, corporate and total tax rates, average salaries for skilled workers, and the costs of registering property and establishing a business. Kyiv and Lviv are not the first Ukrainian cities to gain recognition from Financial Times division fDi Intelligence. A 2018 survey by the fDi service ranked eastern Ukraine’s Kharkiv as Europe’s most cost-effective large city.

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