Prague placed 50th in USB’s annual index of richest cities

The Czech capital has been placed 50th in the annual index of the richest cities in the world, put together annually by Swiss Bank USB, the website reported on Friday. The index has ranked 77 metropolitan areas according to prices of basic goods and services, incomes and purchasing power.

According to the study, Switzerland’s Zurich is the most expensive city in the world, followed by Geneva, Oslo, Copenhagen and New York, while Kiev, Lagos and Cairo are the cheapest cities.

Author: Ruth Fraňková