Warsaw has beaten the rest of Central and Eastern Europe (CEE) in a ranking of the attractiveness of financial centres in the world, according to a recent report.
Warsaw improved its position five spots to 36th place in the report compiled by China Development Institute and London-based consultancy Z/Yen. The report measures the attractiveness of financial hubs in five areas: business environment, human capital, infrastructure, development of financial sector, and reputation.
The Estonian capital Tallinn came in as the second most attractive financial centre in the region, and in 44th position on the overall ranking, dropping two spots.
Riga slipped eight positions to 53rd position, while Prague came in at the 58th spot, after improving 11 places compared to the previous report that came out in March. Budapest fell two spots to the 72nd place, the worst of the CEE cities ranked.