European cities to watch in the future: Tallinn ranks among the top ten
Tallinn, Estonia's Shining Star
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The Estonian capital, Tallinn, has made a massive impression, gracing the top ten in not one but two categories of medium-sized European cities in the "European Cities and Regions of the Future 2024" ranking published by the Financial Times' fDi magazine.
In the nitty-gritty, Tallinn truly shone in its employment rate, education, skills, and a business environment that's friendly to entrepreneurship and investment. It secured the tenth position in employment and the third position for business-friendliness, as per the Tallinn City Government's statement.
This biennial ranking assesses a city or region's draw as a foreign investment destination, examining economic potential, human capital, cost efficiency, connectivity, and business-friendliness using nearly 90 statistical indicators. Close to 250 cities participated in the ranking, categorized based on population size.
The bracelets were presented during MIPIM, an international real estate and investment fair held in Cannes, France. For the twelfth time, Tallinn shared a spotlight with Estonian companies from the real estate development, asset management, and real estate technology sectors.
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Now, let's dive into a few cities that often steal the limelight for their innovation, sustainability, and livability. These cities include:
- Copenhagen, Denmark - This city is famous for its green policies and sustainable initiatives.
- Oslo, Norway - Praised for its commitment to sustainability and technological advancements.
- Zagreb, Croatia - Recognized for its cultural richness and modern amenities.
- Ljubljana, Slovenia - Often lauded for its sustainable urban development and high quality of life.
- Turin, Italy - Known for its vibrant arts scene and historic architecture.
- Helsinki, Finland - Renowned for its digital innovation and high standard of living.
- Ghent, Belgium - Praise for its charming medieval ambiance and eco-friendly initiatives.
- Vilnius, Lithuania - Evolving as a tech hub, especially in the innovation sector.
- Riga, Latvia - Known for its historical architecture and emerging tech scene.
- Tallinn, Estonia - While specific reasons for its high ranking in the mentioned ranking are not provided, Tallinn is frequently recognized for its e-government infrastructure, digital innovation, and sustainability efforts.
These cities regularly top regional rankings due to their economic performance, vibrant cultures,, innovation, and living conditions. Keep in mind that this list provides a general overview as the "European Cities and Regions of the Future 2024" report details have not been disclosed.
- Despite not disclosing specific reasons, Tallinn, Estonia, continues to be recognized for its e-government infrastructure, digital Innovation, and sustainability efforts.
- In the "European Cities and Regions of the Future 2024" ranking, Tallinn secured the tenth position in employment and the third position for business-friendliness.
- Tallinn's success in the ranking can be attributed to its employment rate, education, skills, and a business environment that encourages entrepreneurship and investment.
- The city's attractiveness as a foreign investment destination is further emphasized by its high ranking in the biennial rating, which assesses factors such as economic potential, human capital, cost efficiency, connectivity, and business-friendliness.
- Close to 250 cities participated in the ranking, with Tallinn standing out among medium-sized European cities based on nearly 90 statistical indicators.
- The city's position in the ranking demonstrates Estonia's growing status as a global technology hub, particularly in areas such as e-government and real estate technology.
