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AWARDS

European Cities & Regions


of the Future 2010/11

The UK haS achIeveD a DoUbLe vIcToRy In FDi MagazIne’S cITIeS anD


RegIonS oF The FUTURe 2010/11 RanKIngS, wITh LonDon TaKIng The
Top cITy poSITIon, anD The UK’S SoUTh-eaST cLaIMIng The Top
RegIonaL SpoT. JaCquElinE HEgaRty RepoRTS

L
JAcqueline ondon has once again been the collection of data for 223 cities
JuDging PAnel

HegARty crowned fDi Magazine’s and 142 regions in Europe, ranked


Senior analyst, fDi
Intelligence European City of the Future, Frankfurt as the Best Large City of
with Paris and Moscow following in the Future, with Amsterdam and
second and third places, respectively. Oslo ranking second and third,
In the 2010/11 benchmark, London respectively. Leipzig in Germany
DouglAS clARk performed well across the spectrum, out-ranked Glasgow (second) and
Director, achieving the top position in the cat- Valencia (third) to claim the title of
RSM Tenon Techlocate
egories of economic potential, human the Best Large City for FDI Strategy.
resources and infrastructure, as well Edinburgh was crowned the Best
as claiming second position for FDI Small City of the Future 2010/11, as
Strategy. London’s domination in the well as achieving the best position of
PAul gueSt competition is unsurprising given the any small city in the overall rankings
UK director of research, city has attracted more than one-third – at 10th position overall. Cities from
Jones Lang LaSalle more FDI projects over the past five the UK monopolised the FDI Strategy
years than any other European city, category in the Small Cities group,
according to fDi Markets. wit h Leeds, Edinburgh and
Among the top 25 European Manchester taking second, fourth
Steen RoSenfAlck Cities of the Future, the UK and and fifth positions, respectively, yet
partner, Germany dominated, accounting all were beaten by Antwerp, which
Miller Rosenfalck for one-third of the cities. Bucharest, was awarded Best Small City for FDI
Warsaw and Budapest also put in an Strategy.
appearance in the top 25, ranking The Micro European City of the
18th, 22nd and 25th, respectively. Future 2010/11 award went to
London triumphed in most cate- Eindhoven in the Netherlands, pri-
gories of the Major Cities group, marily due to its high positions in the
though Bucharest claimed the title categories of economic potential and
of the Best Major European City for business friendliness. In the same
Cost Effectiveness and Vienna was category, Reading in the UK claimed
awarded the Best Major City for Best Micro City for Infrastructure,
Quality of Life. fDi Magazine’s inde- while Monaco achieved Best Micro
pendent judging panel was particu- City for Quality of Life.
larly impressed by Hamburg’s FDI The UK’s South-east was awarded
strategy, ranking it as the Best Major fDi Magazine’s European Region of
City for FDI Strategy, closely fol- the Future 2010/11, followed closely
lowed by London, Berlin, Stockholm by Ile-de-France and Nordrhein-
and Madrid. Westfalen in Germany, with only
fDi Magazine’s European Cities one percentage point separating
and Regions of the Future 2010/11 the top two regions. fDi Magazine’s
shortlists, which took more than six independent judging panel
months to research and involved recognised Flanders as the Best

32 February/March 2010
European Region for FDI Strategy. Benchmark is an independent data- JuDging cRiteRiA
The UK’s South-east also claimed base which benchmarks global loca- EConomiC potEntial
the award for the Best Northern tions according to how attractive they • population¹
• Population growth rate¹
European Region of the Future, fol- are to foreign investors. This division • Number of patents¹
lowed by the Capital Region of compiled the majority of the data for • Gross domestic product (GDP) per
Denmark and Scotland, in second and the Cities and Regions of the Future capita³
• GDP, purchasing power parity³
third places, respectively. The Best FDI competition, with the exception of • Total number of FDI projects (Jan
Strategy in Northern Europe category the FDI promotion strategy, which 2003 to Oct 2009)³
was dominated by UK regions, with was submitted by individual cities/ • Number of companies in R&D¹
Yorkshire and Humberside ranking • Total number of FDI megaprojects
regions and assessed by the judging (Jan 2003 to Oct 2009)³
second, followed by Scotland and panel. These changes have made the • Total number of jobs created by
Thames Valley ranking third and competition even more objective. FDI (since 2005) ²
fourth, respectively. • Total capital expenditure on R&D
FDI projects³
Polish regions accounted for half Methodology • Employment in the knowledge-
of the top 10 Eastern European fDi Cities and Regions of the Future intensive sector²
Regions of the Future; however, the shortlists were created from an inde- • Global competitiveness index³
• Inflation³
Bucharest and Prague regions pendent collection of data by fDi • Forecast GDP growth rate (2010)³
claimed the top two positions. The Benchmark across 223 European cit-
Northern Great Plain of Hungary ies and 142 European regions. This Cost EFFECtivEnEss
• office rent³
was awarded the Best European information was set under six catego- • Industrial rent³
Region in Eastern Europe for FDI ries: economic potential, human • Price of unleaded petrol¹
Strategy, followed by Lesser Poland. resources, cost effectiveness, quality • Luxurious hotel cost in city centre¹
• Minimum wage³
In Southern Europe, Catalonia of life, infrastructure and business • Cost of registering property³
ranked top for Best Region of the friendliness. A seventh category was • Cost of dealing with construction
Future, followed closely by Madrid, added to the scoring – FDI promotion permits³
• Profit tax³
which was top for Best FDI Strategy in strategy. In this category, 99 European • Cost to export³
the Southern Europe region. The inde- cities and regions submitted details • Cost to import³
pendent judging panel regarded other about their promotion strategy and • Cost of establishing a business³
Spanish regions such as Catalonia, this was judged and scored by the • Cost to set up an electricity
connection for a new business³
Andalucia, Navarra, Aragon and independent judging panel. • Domestic logistics costs³
Castilla-la Mancha as having an Cities and regions scored up to a • Average retail price of electricity³
impressive FDI Strategy and so all were maximum of 10 points under each • Redundancy costs³
• Wage of an unskilled worker³
included in the top 10 for Best FDI individual criteria, which were • Wage of a semi-skilled worker³
Strategy in Southern Europe. weighted by importance to give the • Wage of a skilled worker³
Ile-de-France topped the Best overall scores. Where data was avail- • Average residential property price¹
Western European Region of the able only at a national rather than Human REsouRCEs
Future 2010/11 ranking, while city or regional level, a lower weight- • Unemployment rate³
Flanders, Brussels Capital Region ing was generally applied. • Total ‘world top-500’ universities³
• Number of universities¹
and Ouest in France were regarded • Number of university students³
as the best Western European categories • European business school rankings¹
Regions for FDI Strategy. n Major cities have a population of • Graduates, tertiary³
more than 1 million. • Gross enrolment rate, tertiary³
• Gross enrolment rate, secondary³
note n Large cities have a population of • Gross enrolment rate, primary³
In April 2008, the Financial Times Ltd between 500,000 and 1 million. • Labour force with tertiary
acquired fDi Markets and fDi n Small cities have a population of education³
• Public education expenditure³
Benchmark. fDi Markets is an inde- between 250,000 and 500,000. • Human resources in sciences and
pendent database tracking global FDI n Micro cities have a population of high-tech industries²
on a real-time basis and fDi less than 250,000. n • Economically active population²
(continued next page)

February/March 2010 33
RegIonS
euRoPe

JuDging cRiteRiA toP 25 euRoPeAn citieS: oVeRAll toP 10 MicRo euRoPeAn citieS
quality oF liFE RAnk city countRy RAnk city countRy
• Unemployment rate³ 1 London UK
• Number of International
1 eindhoven netherlands
2 paris France 2 Cambridge UK
baccalaureate schools¹
• Average residential property price¹ 3 Moscow Russia 3 grenoble France
• Number of hospital beds³ 4 Stockholm Sweden 4 Oxford UK
• Death rate³ 5 barcelona Spain
• Health expenditure³
5 Bordeaux France
6 Dublin Ireland 6 Basel Switzerland
• Life expectancy³
• Quality of life index³ 7 vienna austria 7 neuilly-sur-Seine France
• Global peace index³ 8 Frankfurt Germany 8 Reading UK
• International tourism arrivals³ 9 Brussels Belgium
• GDP per capita²
9 Galway Ireland
10 edinburgh UK 10 Gent Belgium
inFRastRuCtuRE 11 Madrid Spain
• Number of international 12 Amsterdam Netherlands
destinations served³ 13 Copenhagen Denmark toP 10 noRtHeRn euRoPeAn citieS
• Upload speed³ 14 Hamburg Germany
• Download speed³ RAnk city countRy
• Number of ports¹ 15 Zurich Switzerland 1 London UK
• Type of port¹ 16 Berlin Germany 2 Stockholm Sweden
• Size of port¹ 17 Munich Germany
• Airlines served¹ 3 Dublin Ireland
18 Bucharest Romania 4 edinburgh UK
• Number of terminals¹
• World port rankings¹ 19 Oslo Norway 5 Copenhagen Denmark
• Major railway lines to the city¹ 20 eindhoven netherlands 6 Oslo Norway
• Access to markets¹ 21 Cambridge UK
• Time to export³ 7 Cambridge UK
22 Warsaw Poland 8 helsinki Finland
• Time to import³
• Internet access at home³ 23 helsinki Finland 9 Manchester UK
• Telephone lines³ 24 Manchester UK 10 Oxford UK
• Mobile phone subscribers³ 25 budapest hungary
• Logistics performance index³
• Network readiness index³

BusinEss FRiEnDlinEss toP 10 MAJoR euRoPeAn citieS toP 10 eASteRn euRoPeAn citieS
• Number of jobs created by FDI¹ RAnk city countRy RAnk city countRy
• Number of companies within the 1 London UK 1 Bucharest Romania
high-tech manufacturing sector³
• Number of companies within the 2 paris France 2 Warsaw Poland
high-tech services sector³ 3 Moscow Russia 3 budapest hungary
• Number of companies within the 4 Stockholm Sweden 4 Prague Czech Republic
knowledge-based sector³ 5 barcelona Spain 5 bratislava Slovakia
• Growth of high-tech
manufacturing firms³ 6 Dublin Ireland 6 Krakow Poland
• Growth of high-tech services firms³ 7 vienna austria 7 Kyiv Ukraine
• Growth of knowledge-based firms³ 8 Brussels Belgium 8 Pilsen Czech Republic
• Top 1000 world banks³ 9 Madrid Spain 9 Brno Czech Republic
• Days taken to start a business³
• Hiring costs³ 10 Copenhagen Denmark 10 Wroclaw Poland
• Difficulty of redundancy index³
• Ease of doing business index³
• Corruption perceptions index³ toP 10 lARge euRoPeAn citieS toP 10 SoutHeRn euRoPeAn citieS
• Economic freedom index³
• Innovation index³ RAnk city countRy RAnk city countRy
1 Frankfurt Germany 1 barcelona Spain
FDi pRomotion stRatEgy 2 Amsterdam Netherlands 2 Madrid Spain
• Number of staff dedicated to 3 Oslo Norway
promoting and facilitating inward
3 Rome Italy
investment and systems/ 4 helsinki Finland 4 Istanbul Turkey
programmes in place to train staff 5 Düsseldorf Germany 5 Milan Italy
and measure performance³ 6 Stuttgart Germany 6 valencia Spain
• Key initiatives under way to attract 7 Glasgow UK
more investment³
7 Lisbon portugal
• Information on high-growth 8 Rotterdam Netherlands 8 bologna Italy
sectors/sub-sectors in the city 9 Gothenburg Sweden 9 athens greece
which offer excellent potential 10 Nuremberg Germany 10 Izmir Turkey
for inward investment³
• Description of incentives available
to inward investors and the typical
size of incentives³ toP 10 SMAll euRoPeAn citieS toP 10 WeSteRn euRoPeAn citieS
• Major infrastructure and urban
RAnk city countRy RAnk city countRy
planning projects³
• Bonus question: outline of the 1 edinburgh UK 1 paris France
location’s vision for achieving 2 Zurich Switzerland 2 vienna austria
full FDI potential and why it is 3 Manchester UK 3 Frankfurt Germany
a location of the future³
4 The hague netherlands 4 Brussels Belgium
Note: Information collected by fDi 5 Utrecht netherlands 5 Amsterdam Netherlands
Benchmark except for final criteria 6 Lyon France 6 Hamburg Germany
– this was provided by the cities 7 Antwerp Belgium 7 Zurich Switzerland
and assessed by the judging panel.
¹city data point only
8 Malmö Sweden 8 Berlin Germany
²Regional data point only 9 Leeds UK 9 Munich Germany
³city and regional data point 10 bristol UK 10 eindhoven netherlands

34 February/March 2010
RegIonS
euRoPe

toP 5 fDi StRAtegy: toP 5 MAJoR: toP 5 lARge:


noRtHeRn euRoPe quAlity of life quAlity of life
RAnk city countRy RAnk city countRy RAnk city countRy
1 London UK 1 vienna austria 1 Nuremberg Germany
2 Stockholm Sweden 2 Copenhagen Denmark 2 Frankfurt Germany
3 Leeds UK 3 Munich Germany 3 Stuttgart Germany
4 edinburgh UK 4 Prague Czech Republic 4 Oslo Norway
5 Manchester UK 5 paris France 5 helsinki Finland

toP 5 fDi StRAtegy: toP 5 MAJoR: toP 5 lARge:


eASteRn euRoPe infRAStRuctuRe infRAStRuctuRe
RAnk city countRy RAnk city countRy RAnk city countRy
1 Brno Czech Republic 1 London UK 1 Frankfurt Germany
2 Stara zagora bulgaria 2 paris France 2 Amsterdam Netherlands
3 Ostrava Czech Republic 3 Moscow Russia 3 Oslo Norway
4 Miskolc hungary 4 barcelona Spain 4 helsinki Finland
5 Debrecen hungary 5 Hamburg Germany 5 Düsseldorf Germany

toP 5 fDi StRAtegy: toP 5 MAJoR: toP 5 lARge:


SoutHeRn euRoPe buSineSS fRienDly buSineSS fRienDly
RAnk city countRy RAnk city countRy RAnk city countRy
1 Madrid Spain 1 Moscow Russia 1 Amsterdam Netherlands
2 barcelona Spain 2 St petersburg Russia 2 Rotterdam Netherlands
3 valencia Spain 3 Bucharest Romania 3 Gothenburg Sweden
4 Izmir Turkey 4 Kyiv Ukraine 4 odessa Ukraine
5 Tbilisi georgia 5 Copenhagen Denmark 5 Frankfurt Germany

toP 5 fDi StRAtegy: toP 5 MAJoR: toP 5 lARge:


WeSteRn euRoPe fDi StRAtegy fDi StRAtegy
RAnk city countRy RAnk city countRy RAnk city countRy
1 Hamburg Germany 1 Hamburg Germany 1 Leipzig Germany
2 Berlin Germany 2 London UK 2 Glasgow UK
3 Bordeaux France 3 Berlin Germany 3 valencia Spain
4 Antwerp Belgium 4 Stockholm Sweden 4 Konya Turkey
5 Leipzig Germany 5 Madrid Spain 5 vilnius Lithuania

toP 5 MAJoR : toP 5 lARge: toP 5 SMAll:


econoMic PotentiAl econoMic PotentiAl econoMic PotentiAl
RAnk city countRy RAnk city countRy RAnk city countRy
1 London UK 1 Frankfurt Germany 1 edinburgh UK
2 Moscow Russia 2 Oslo Norway 2 Zurich Switzerland
3 paris France 3 Stuttgart Germany 3 Luxembourg Luxembourg
4 Dublin Ireland 4 Amsterdam Netherlands 4 belfast UK
5 Brussels Belgium 5 Düsseldorf Germany 5 bratislava Slovakia

toP 5 MAJoR: toP 5 lARge: toP 5 SMAll:


coSt effectiVeneSS coSt effectiVeneSS coSt effectiVeneSS
RAnk city countRy RAnk city countRy RAnk city countRy
1 Bucharest Romania 1 Riga Latvia 1 Brasov Romania
2 Sofia bulgaria 2 vilnius Lithuania 2 Iasi Romania
3 Kharkiv Ukraine 3 Lviv Ukraine 3 Timisoara Romania
4 Tbilisi georgia 4 odessa Ukraine 4 Kaunas Lithuania
5 Dnipropetrovsk Ukraine 5 Lódz Poland 5 Constanta Romania

toP 5 MAJoR: toP 5 lARge: toP 5 SMAll:


HuMAn ReSouRceS HuMAn ReSouRceS HuMAn ReSouRceS
RAnk city countRy RAnk city countRy RAnk city countRy
1 London UK 1 valencia Spain 1 Lille (Nord) France
2 paris France 2 Seville Spain 2 edinburgh UK
3 Madrid Spain 3 Birmingham UK 3 Lisbon portugal
4 barcelona Spain 4 Lviv Ukraine 4 Lyon France
5 Rome Italy 5 Marseille France 5 Skopje Macedonia, FYR

February/March 2010 37
RegIonS
euRoPe

toP 5 SMAll: toP 5 MicRo: toP 25 RegionS: oVeRAll


quAlity of life HuMAn ReSouRceS RAnk Region countRy
RAnk city countRy RAnk city countRy 1 South-east UK
1 Graz Austria 1 Oxford UK 2 Ile-de-France France
2 Zurich Switzerland 2 Milton Keynes UK 3 Nordrhein-Westfalen Germany
3 Antwerp Belgium 3 Málaga Spain 4 Bayern Germany
5 Capital Region Denmark
4 Strasbourg France 4 Bordeaux France
6 centre-est France
5 Lyon France 5 grenoble France
7 Flanders Belgium
8 Scotland UK
toP 5 SMAll: toP 5 MicRo: 9 greater Dublin Region Ireland
infRAStRuctuRe quAlity of life 10 Greater Stockholm Region Sweden
RAnk city countRy RAnk city countRy 11 catalonia Spain
1 The hague netherlands 1 Monaco France 12 Baden-Württemberg Germany
2 Utrecht netherlands 2 Salzburg Austria 13 ouest France
3 Zurich Switzerland 3 Linz Austria 14 bassin parisien France
4 Duisburg Germany 4 Klagenfurt austria 15 noord-holland netherlands
16 Brussels Capital Region Belgium
5 Manchester UK 5 Basel Switzerland
17 zuid-holland netherlands
18 Mediterranee France
19 Hessia Germany
toP 5 SMAll: toP 5 MicRo: 20 yvelines France
buSineSS fRienDly infRAStRuctuRe
21 North-west UK
RAnk city countRy RAnk city countRy
22 Västsverige Sweden
1 The hague netherlands 1 Reading UK 23 central Federal District Russia
2 Utrecht netherlands 2 neuilly-sur-Seine France 24 Yorkshire & Humberside UK
3 Zurich Switzerland 3 cannes France 25 Bucharest-Ilfov Romania
4 Malmö Sweden 4 eindhoven netherlands
5 Lisbon portugal 5 Gent Belgium
toP 25 RegionS: fDi StRAtegy
RAnk Region countRy
toP 5 SMAll: toP 5 MicRo: 1 Flanders Belgium
fDi StRAtegy buSineSS fRienDly 2 Brussels Capital Region Belgium
RAnk city countRy RAnk city countRy 3 Capital Region Denmark
1 eindhoven netherlands 4 ouest France
1 Antwerp Belgium
5 Comunidad de Madrid Spain
2 Leeds UK 2 Aarhus Denmark
6 Wallonia Belgium
3 Brno Czech Rep 3 Maastricht netherlands
7 Ile-de-France France
4 edinburgh UK 4 venlo netherlands 8 Yorkshire & Humberside UK
5 Manchester UK 5 Geneva Switzerland 9 Piedmont Italy
10 catalonia Spain
toP 5 MicRo: toP 5 MicRo: 11 Scotland UK
econoMic PotentiAl fDi StRAtegy 12 Thames Valley UK
RAnk city countRy RAnk city countRy 13 Medjimurje County Croatia
1 Cambridge UK 1 Bordeaux France 14 South-east Ireland
2 eindhoven netherlands 2 Stara zagora bulgaria 15 andalucia Spain
3 Basel Switzerland 3 cork Ireland 16 Kent UK
4 Miskolc hungary 17 navarre Spain
4 grenoble France
18 wales UK
5 neuilly-sur-Seine France 5 Limerick Ireland
19 aragon Spain
20 South-west UK
toP 5 MicRo: 21 northern Ireland UK
coSt effectiVeneSS 22 South-east UK
RAnk city countRy 23 Mid-west Ireland
1 ventspils Latvia 24 northern great plain hungary
25 castilla-la Mancha Spain
2 Jelgava Latvia
3 Liepaja Latvia
4 Panevezys Lithuania toP 10 lARge RegionS:
5 Ploiesti Romania oVeRAll
RAnk Region countRy
1 South-east UK
2 Ile-de-France France
3 Nordrhein-Westfalen Germany
4 Bayern Germany
5 centre-est France
6 Flanders Belgium
7 Scotland UK
8 catalonia Spain
9 Baden-Württemberg Germany
10 ouest France

38 February/March 2010
RegIonS
euRoPe

toP 10 SMAll RegionS: toP 10 WeSteRn RegionS: RegionS: loWeSt inDuStRiAl


oVeRAll oVeRAll Rent (ScoRe out of 10)
RAnk Region countRy RAnk Region countRy
VOLGA FEDERAL DISTRICT
1 Capital Region Denmark 1 Ile-de-France France
2 greater Dublin Region Ireland 2 Nordrhein-Westfalen Germany POMURJE
3 Greater Stockholm Sweden 3 Bayern Germany LVIV REGION
4 yvelines France 4 centre-est France FAR EASTERN DISTRICT
5 Västsverige Sweden 5 Flanders Belgium
6 Bucharest-Ilfov Romania ZÁPADNÉ SLOVENSKO
6 Baden-Württemberg Germany
0 2 4 6 8 10
7 Thames Valley UK 7 ouest France
8 vienna austria 8 bassin parisien France
9 northern Ireland UK 9 noord-holland netherlands citieS: totAl fDi MegAPRoJectS
10 Prague Czech Rep 10 Brussels Capital Region Belgium (ScoRe out of 10)
toP 10 lARge RegionS: toP 10 WeSteRn RegionS: BUCHAREST
fDi StRAtegy fDi StRAtegy MOSCOW
RAnk Region countRy RAnk Region countRy SAINT PETERSBURG
1 Flanders Belgium 1 Flanders Belgium
LONDON
2 Brussels Capital Region Belgium 2 Brussels Capital Region Belgium
3 ouest France 3 ouest France WARSAW
4 Comunidad de Madrid Spain 4 Wallonia Belgium 0 2 4 6 8 10
5 Wallonia Belgium 5 Ile-de-France France
6 Ile-de-France France 6 noord-holland netherlands citieS: nuMbeR of uniVeRSity
7 Yorkshire & Humberside UK 7 Greater Zurich Region Switzerland StuDentS (ScoRe out of 10)
8 Piedmont Italy 8 Karlsruhe Tech Region Germany
9 catalonia Spain 9 Lorraine France LONDON
10 Scotland UK 10 zuid-holland netherlands PARIS
ROME
toP 10 SMAll RegionS: toP 10 noRtHeRn RegionS:
fDi StRAtegy oVeRAll ISTANBUL
RAnk Region countRy RAnk Region countRy MADRID
1 Capital Region Denmark 1 South-east UK 0 2 4 6 8 10
2 Thames Valley UK 2 Capital Region Denmark
3 Medjimurje County Croatia 3 Scotland UK
4 South-east Ireland
RegionS: totAl inWARD fDi
4 greater Dublin Region Ireland (ScoRe out of 10)
5 Kent UK 5 Greater Stockholm Sweden
6 navarre Spain 6 North-west UK SOUTH-EAST, UK
7 aragon Spain 7 Västsverige Sweden CENTRAL FEDERAL
DISTRICT, RUSSIA
8 northern Ireland UK 8 Yorkshire & Humberside UK ILE-DE- FRANCE
9 Mid-west Ireland 9 South-west UK
10 northern great plain hungary NORTH-WESTERN DISTRICT, RUSSIA
10 Thames Valley UK
COMUNIDAD DE MADRID, SPAIN
toP 10 noRtHeRn RegionS: 0 2 4 6 8 10
toP 10 SoutHeRn RegionS:
oVeRAll fDi StRAtegy
RAnk Region countRy RAnk Region countRy citieS: totAl coMPAnieS
1 catalonia Spain 1 Capital Region Denmark WitHin tHe HigH-tecH SeRViceS
2 Comunidad de Madrid Spain 2 Yorkshire & Humberside UK SectoR (ScoRe out of 10)
3 Lisbon Region portugal 3 Scotland UK
4 andalucia Spain 4 Thames Valley UK MOSCOW
5 Lombardy Italy 5 South-east Ireland KYIV
6 Comunidad Valenciana Spain 6 Kent UK AMSTERDAM
7 Piedmont Italy 7 wales UK
SAINT PETERSBURG
8 Lazio Italy 8 South-west UK
9 Tuscany Italy 9 northern Ireland UK EKATERINBURG
10 aragon Spain 10 South-east UK 0 2 4 6 8 10

toP 10 SoutHeRn RegionS:


fDi StRAtegy toP 10 eASteRn RegionS: toP 5 eASteRn RegionS:
RAnk Region countRy oVeRAll fDi StRAtegy
1 Comunidad de Madrid Spain RAnk Region countRy RAnk Region countRy
2 Piedmont Italy 1 Bucharest Romania 1 northern great plain hungary
3 catalonia Spain 2 Prague Czech Rep 2 Lesser poland poland
4 Medjimurje County Croatia 3 Kozep-Magyarorszag Hungary 3 Lviv Region Ukraine
5 andalucia Spain 4 Masovia poland 4 greater poland poland
6 navarre Spain 5 bratislava Region Slovakia 5 Mogilev-podolskiy, Ukraine
7 aragon Spain 6 Silesia poland vinnitsa
8 castilla-la Mancha Spain 7 Lesser poland poland
9 Herzegovina Bosnia- 8 Lower Silesia Poland
Herzegovina 9 greater poland poland
Split-Dalmatia County Croatia 10 Kozep-Dunantul Hungary

February/March 2010 41

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