An on-going economic crisis has left European cities and regions in hard competition for attracting foreign investments. Now, Greater Copenhagen has a strong argument to beat the others as it has been ranked the third best region in Europe for foreign companies to place their investments.
The top placement was given in the report “European Cities and Regions of the Future 2012/2013” in the British fDi Magazine published by The Financial Times. Greater Copenhagen advanced two places compared to last year’s report.
Highly qualified talents in Copenhagen
The ranking is much more than just a coincidence, explains Merete Juhl, Director of Invest in Denmark, a service under the Ministry of Foreign Affairs of Denmark, which helps foreign companies to establish in Denmark.
- When it comes to investments in a global perspective, Greater Copenhagen is unique in many ways. The capital region combines highly qualified talents with an efficient infrastructure and a high living standard and quality of life. Furthermore, Copenhagen is a natural gateway to the rest of Europe. Those are key factors for companies who want to stand out in the future competition, says Merete Juhl.
The survey from fDi Magazine focuses on a mixture of data and expert opinion to rank cities and regions which have the best prospects for inward investment, economic development and business expansion.
Six categories were used: economic potential, human resources, cost effectiveness, quality of life, infrastructure and business friendliness. Furthermore, a seventh category was added to the scoring – FDI (foreign direct investment) promotion strategy.
Copenhagen’s infrastructure was ranked fourth best in Europe while the city’s quality of life was only surpassed by Paris and Stockholm.
Cities and regions in northern and western Europe dominated the rankings; Moscow is the only city outside these regions to feature in the top 10 overall.
Download the full report here (pdf).