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Budapest drops in business appeal

Budapest has slipped four spots on Cushman & Wakefield's latest rankings of Europe's best cities to do business in. Hungary's capital placed 30th in the real estate company's 2010 annual European Cities Monitor survey compared to 26th in 2009.

While last year 23 businesses polled by Cushman & Wakefield said they would consider setting up a business in Budapest, this year 22 companies were looking at the Hungarian capital as a potential business location. The survey is based on interviews with over 500 senior executives of Europe's largest companies. This year London has the highest appeal among investors, followed by Paris and Frankfurt, while Vienna is the biggest gainer after moving up six spots to 22th. (BBJ)