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Asia Pacific

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Russia to Improve Relations to China

Russia turns its back on Europe and starts focusing on Asia instead in regard to oil export.

June 21, 2013

Austria: Deputy Govenor of OeNB Suspended

Deputy Govenor of Austrian National Bank Duchatczek is suspected of bribery.

June 19, 2013

Siemens VAI Lands Major Contract in China

Tangshan orders cold rolling complex from Siemens.

June 18, 2013

RBI Opens Branch Office in Hong Kong

RBI as only Austrian bank with an operative presence in Greater China Region. Focus on trade and corporate finance solutions.

June 10, 2013