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Athens dearer than Berlin

Athens is the worlds 78th most expensive city for non-locals, among 214 cities, according to human resources consultants Mercer.

Although the Greek capital is cheaper today than in the past due to the decline in rental rates, it remains more expensive than Berlin, which ranks 106th and is seen as the most attractive among the European metropolises.

A telling example of prices in Athens is that of served coffee, which in Athens averages out at 4.70 euros, while in Berlin it costs 4.18 euros. This has been affected by the increase in the value-added tax rate in Greece.

The worlds most expensive city is Tokyo, according to the Mercer list.

The study is addressed mostly to multinational companies who calculate the daily costs for their employees stationed abroad.

ekathimerini.com , Tuesday June 12, 2012 (23:34)  
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