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Budapest popular destination for relocation

One in six companies with European operations plans to outsource or relocate some of its activities on the next two years, a study shows. Budapest is amongst the city's of the new EU members favored as destinations for 17% of companies polled planning a move, followed by China and Western Europe, according to a survey conducted by New York-based realtor Cushman & Wakefield Inc. of 501 businesses in nine countries. "Warsaw, Prague, Budapest and Moscow are the cities most often considered for a new setting or for outsourcing in the coming five years," Cushman & Wakefield said in a joint release with Paris-Ile de France Capitale Economique, a lobbying group promoting the city's business interests. (Bloomberg)