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ARCHIVES 2004

15.12.2004
For this last quarter of 2004, EuroCost international greatly enlarges its geographical coverage with numerous locations, particulary cities in countries where we already propose at least one location.

Available right now :

- China : Wuhan
- France : Bordeaux
- Italy : Turin
- Morocco : Casablanca
- Poland : Krakow
- Portugal : Porto
- Russia : Saint Petersburg
- Sweden : Göteborg
- United Kingdom : Glasgow, Southampton
- United States : Orlando

To be coming soon :

- France : Montpellier, Lille
- Turkey : Istanbul
- United States : Detroit, Philadelphia, Phoenix, San Fransisco.

01.12.2004
As soon as next week, Dushanbe, capital city of Tajikistan will be available for our cost of living data.

15.11.2004
Enlarged coverage of the UK : Glasgow and Southampton will be available in December. EuroCost International now proposes 5 locations with London, Manchester and Oxford.

This is only to give you a foretaste of the December event : an incredible number of new locations !

13.09.2004
June 2004 cost of living indices are available.

Enlargement of our list of locations in China. The first new location is Guangzhou for which we offer a full range of services (COL index, rent survey, living conditions, mission expenses).

02.07.2004
March 2004 mission expenses are available for more than 150 locations.

15.06.2004
March 2004 cost of living indices are available.

06.05.2004
The enlarged European Union now counts 25 member states and differences in cost of living between countries will be higher than ever.
Most of the new members indeed witness a cost of living lower than the previous average of the 15. As an example, the cost of living in Poland is half what it is in Norway. Such differences are not on the point of disappearing and a cost of living index is still very useful in expat remuneration calculations for transfers within European Union.

The enlarged Union should ease exchanges with eastern neighbours and increase the number of business trips in those countries. In this field also a careful cost management should be implemented since costs for those trips can vary a lot from one country to another. Prague is only 300 kilometres away from Bratislava but daily expenditures during a business trip in Prague will be ±45% higher than in Bratislava.
EuroCost International Mission Expenses are the reference in terms of daily allowances. More than 150 locations are now available, not only in Europe but worldwide.

08.03.2004
Eurocost International new website is online !

04.03.2004
Country focus

The current particular situation in some countries might have consequences for expats, either regarding cost of living or quality of living. That is why those countries deserve regular check up.
In March 2004 we draw your attention on the following countries: Venezuela, Haiti, Zimbabwe and Côte d'Ivoire.

The situation in Venezuela is still unstable. The demonstrations of the opponents to President Chavez that began in February have now become very violent in Caracas. The current crisis might go on several months before the conflict is solved and the already critical economic situation might become still worse.

Haiti has witnessed a similar case, but things should evolve more rapidly with President Aristide's leave and the deployment of an international military force to restore the order. Those last events have however strongly affected the local economy and the further consequence might be a sensitive price increase.

The economic situation in Zimbabwe is still alarming. Currency depreciation, galloping inflation and parallel exchange rate are part of the day-to-day life of expats in Zimbabwe.

After several months of serious troubles, Côte d'Ivoire is now back to more stability. The UN military forces due to settle in the country could be another stabilizing factor and the living conditions of expats should improve.
Regarding cost of living, whereas rents had severely dropped in Abidjan in 2003, they should increase again in 2004 as many expat families come back.

01.03.2004
Our December 2003 cost of living indices are now available.

Again, the global trend of those indices is influenced by the USD depreciation versus the Euro. Over the last year, the dollar has decreased by 16%, reaching thus a 30% decrease over the last two years.

Consequently, the cost of living in the States has become more interesting for Europeans. This situation might as well evolve rapidly since the USD seems to be undervalued vs. Euro.

The Japanese Yen and the British Pound have also depreciated the last few months.

25.02.2004
The results of our 2004 worldwide survey on living conditions are now available.

The current international situation regularly undergoes crisis in all regions of the world; that is why more and more companies use those figures in their expat remuneration calculation.

This year, EuroCost International publishes figures for more than 180 locations around the world.