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These are the most expensive cities in the world to live in (number 1 is no surprise)

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These are the most expensive cities in the world to live in (number 1 is no surprise)

Global transport company ECA International has published its annual list of the most expensive cities in the world to live in and, once again, Hong Kong was at the top of the list.

The company calculates the list based on a number of factors, including the average price of essentials like milk and cooking oil, rent, utilities, public transportation, and the strength of the local currency.

This is the third year in a row that Hong Kong has claimed the dubious honor of being the world’s most expensive city in the ECA index. The index pays particular attention to foreign workers and expatriates in its rankings.

Asia receives an award

It’s safe to say that Asia is the most expensive continent with five cities – Hong Kong, TokyoShanghai, Guangzhou and Seoul are in the top 10.

Some regulators include the Middle East in Asia. In this case, Tel Aviv, which is in sixth place, also counts in Asia’s total and gives it six out of 10 places.

Asia also claims the honor of being home to the fastest growing city on the overall list. We are talking about Colombo, the main metropolis of Sri Lanka, which has risen by 23 positions from 162nd to 149th place.

Li Kuan, ECA Regional Director for Asia, explained the reason for the growing presence of mainland China in the index.

“Most of the mainland Chinese cities in our rankings have higher inflation rates than we are used to seeing, but generally lower than anywhere else in Asia,” Quain said in a statement. “Therefore, the main reason for its rise in the rankings was the continued strength of the Chinese yuan against other major currencies.”

Next on the list

So which cities are lower than in previous years?

Paris, which topped the ECA list in the past, fell out of the top 30. Madrid, Rome and Brussels also fell out.

“Almost every major city in the euro area has lost ground this year as the euro has performed worse than the US dollar and British pound over the past 12 months.”explain that

External factors such as politics and international conflicts may also play a role. Russian invasion of Ukraine and sanctions imposed by many countries put Moscow in 62nd place and St. Petersburg in 147th place.

The most expensive city in Europe is Geneva, Switzerland, which ranks third after Hong Kong and New York. Switzerland uses the Swiss franc instead of the euro.

The coronavirus pandemic has naturally affected global supply chains and other economic factors.

Other ratings

ECA International is not the only company that ranks the world’s cities by economic performance.

The London-based Economist Intelligence Unit (EIU) launches its World cost of living index in December of each year. In 2021, Tel Aviv took home the Most Expensive Place to Live award, with Paris and Singapore tied for second place.

Hong Kong ranked fifth after Zurich. In 2020, Hong Kong, Zurich and Paris are tied for first place.

Both lists use the prices of everyday items such as food and fuel to determine their ranking. However, the EIU pegs its figures to the US dollar, so countries that do the same, such as Hong Kong, are more likely to rank high.

In any case, regardless of the order in which cities are listed in the various indexes, it is clear that Asian, European and North American cities are much more expensive to live in than their counterparts in Africa and South America.

The most expensive cities in the world

1. Hong Kong

2. New York

3. Geneva

4. London

5. Tokyo

6. Telaviva

7. Zurich

8. Xangay

9. Guangzhou

10. One

Maureen O’Hara of CNN contributed to the story.

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Economy

Roaming stays free in Europe for another 10 years and brings improvements

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roaming europa 2032 chamadas mensagens

One of the most important changes that have taken place in recent years in the field of telecommunications has been the abandonment of roaming in Europe. This scenario ensures that we can be located in any country in the European Union without paying extra for a single call.

The guarantee of the success of this process is its use from the moment of its implementation. Now it has been updated and is guaranteed for another 10 years with some new features and improvements that make it even more attractive and useful for users.


The new roaming regime in the European Union (EU) came into effect on Friday. This will allow people on the go to make phone calls, send messages and surf the Internet at no extra charge.

New Roaming rules, which entered into force on July 1, applies to the EU countries, as well as the European Economic Area, which includes Iceland, Liechtenstein and Norway. This is until 2032 limiting the cost of using mobile phones while roaming in Europe.

The new rules set a limit of two euros per gigabyte (GB) for data services this year, which will drop to 1.8 euros (euros)/GB in 2023. This value will continue to fall to 1 EUR/GB in 2027 for wholesale. rates.

roaming europe 2032 calls messages

In addition to this service definition, there are also some important changes. Operators offering mobile services must guarantee consumers access to 4G or 5G networks when available in the country in which they are traveling.

For voice services the limits are 0.022 EUR/minute in 2022-2024 and 0.019 EUR/minute from 2025, while for messages (SMS) the maximum value is 0.004 EUR/SMS in 2022-2024 and 0.003 EUR/SMS from 2025 . .

It is with these rules that users will be able to visit any country in the European Union and receive prices that are practiced in their country of origin. These new rules will be in effect until 2032, guaranteeing this scenario without any restrictions.

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Economy

Inflation in Portugal for the first time since 2017 exceeded the European one. Tourism is to blame – ECO

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Inflation in Portugal for the first time since 2017 exceeded the European one.  Tourism is to blame - ECO





Inflation in Portugal for the first time since 2017 exceeded the European one. Tourism is to blame – ECO
































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Economy

Airbus announces major order of nearly 300 aircraft for four Chinese airlines

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Airbus announces major order of nearly 300 aircraft for four Chinese airlines

European manufacturer Airbus has just announced a massive order for nearly 300 aircraft for Chinese airlines.


The official statement from the manufacturer says that an agreement has been signed with Air China, China Eastern, China Southern and Shenzhen Airlines for 292 aircraft of the A320 family, which includes A319, A320 and A321. This is the first major purchase made by Chinese companies since the outbreak of the pandemic, which had its initial epicenter in the Asian country.

It is not specified how many units of each model and how the division between the companies will occur, but it is expected that all of these will be variants of the Neo with the new engine that are already working in the mentioned companies.

Airbus currently dominates China’s single-aisle commercial aircraft market, despite Boeing having a larger presence given the larger number of twin-aisle aircraft.

In turn, the country has 2,070 aircraft of a European manufacturer, in addition to the plant in Tianjin, where aircraft of the A320 family are assembled, and there is also a finishing line for the A330 family. Another Airbus presence is the helicopter division with an assembly line for the H135 in Qingdao.


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