Angola - Costliest city for expats
July 27, 2013, Saturday
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Print Edition
Print Edition
THE Angolan capital Luanda has regained the top spot in an annual survey of the most expensive cities for expatriates, followed by Moscow and Tokyo.
The survey by the Mercer consulting group is published annually to help companies assess compensation allowances for expatriate workers.
"Despite being one of Africa's major oil producers, Angola is a relatively poor country yet expensive for expatriates since imported goods can be costly," Barb Marder, a senior partner at Mercer, said in a statement.
"In addition, finding secure living accommodations that meet the standards of expatriates can be challenging and quite costly."
The survey by the Mercer consulting group is published annually to help companies assess compensation allowances for expatriate workers.
"Despite being one of Africa's major oil producers, Angola is a relatively poor country yet expensive for expatriates since imported goods can be costly," Barb Marder, a senior partner at Mercer, said in a statement.
"In addition, finding secure living accommodations that meet the standards of expatriates can be challenging and quite costly."
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