Copenhagen Capacity Analysis: Copenhagen is 20 per cent less expensive for businesses compared to Stockholm
24 March 2014
According to a recent analysis by Copenhagen Capacity, the Capital Region of Denmark is more attractive to investors than the Stockholm area, Amsterdam, Zurich and the South-East of England, including London.
The Capital Region of Denmark is often criticised for being too expensive and thus not competitive for businesses, which instead choose to locate in Stockholm, Amsterdam or Dublin. However, international comparisons seem to indicate that it is a myth that Copenhagen and the nearby municipalities are less competitive than other regions in Europe.
-The Capital Region of Denmark is more robust and far more attractive than many foreign businesses might imagine. Costs are low, the business environment is robust and the workforce is well-educated, says Sophie Hæstorp Andersen, chairman of the Capital Region of Denmark. She is pleased that it is not only Copenhagen but the region as a whole which is attractive.
-That the region as a whole is so attractive emphasises the value of our strong organization across traditional municipal boundaries and obstacles in the region.
The analysis is based on figures from the ‘European Cities and Regions of the Future’ report by Financial Times-owned fDi Intelligence. This report highlighting Copenhagen comes only two months after the Forbes ranked Denmark the fourth best country in the world for doing business. Based on the report, Copenhagen Capacity estimates that the Capital Region of Denmark is, among other things, up to 20 per cent less expensive for businesses than Stockholm.
Read the report by Copenhagen Capacity here