Warsaw has secured an impressive third place in the latest “European Cities of the Future” ranking, compiled by fDi Intelligence, a division of the Financial Times. The report evaluates 521 European cities and regions, assessing their investment potential across five key categories: economic potential, human capital and lifestyle, cost-effectiveness, connectivity, and business friendliness.
In the top “major cities” category, Warsaw moved up from last year’s fourth place to third, ranking just behind London in first and Dublin in second. This leap reflects Warsaw’s growing prominence as an attractive investment destination. Over the past five years, the city has outpaced other European cities in attracting foreign direct investment (FDI) jobs, including significant investments from global companies like Google and Visa.
The report highlights Warsaw as a major hub for software development, noting that the city has secured more than $1 billion in FDI in this sector since 2020. This year alone, Warsaw has already announced additional investments from tech giants such as Microsoft and Google.
Notably, Warsaw excelled in business friendliness and human capital and lifestyle, ranking second in both categories, trailing only London. The city also placed sixth for economic potential and ninth for cost-effectiveness. Warsaw’s ranking in human capital and lifestyle is particularly notable, as it was not even on the list just two years ago. The city’s growth in attracting talent both locally and internationally has been a key factor in this success.
Warsaw’s mayor, Rafał Trzaskowski, expressed pride in the city’s achievement, calling it confirmation of the city’s commitment to becoming more attractive to both residents and investors. The city has made significant strides in creating an environment that supports economic growth and enhances the quality of life for its inhabitants.
As the capital of Poland, Warsaw is not only the largest city in the country, with a population of around 1.8 million, but it also serves as the country’s political, cultural, and economic center. After being nearly destroyed during World War II, Warsaw was rebuilt in the postwar years and has since developed into a thriving metropolis, solidifying its position as a key player on the European investment scene.
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