In recent years, Tel Aviv has been steadily climbing the most expensive city rankings compiled by the Swiss bank UBS.By News Agencies
Tel Aviv is the 25th most expensive city in the world, according to the latest ranking by the Swiss bank UBS.
Norwegian capital Oslo topped the ranking, followed by Zurich and Geneva, Switzerland. Following them on the list were the cities Tokyo (fourth), New York (sixth), Stockholm (seventh) and London (tenth).
The UBS report rates 73 cities around the world. The latest report is an update of the March 2009 report, and the changes were mostly due to exchange rate fluctuations.
Tel Aviv has been steadily climbing the charts, up from 42 in 2007 and 33 in 2009. In terms of salaries, Tel Aviv ranked 33rd, up from 35th last year, and in terms of purchasing power, Tel Aviv was 34th.
UBS's report is intended to help travelers know wher they can get the best deals, and companies determine what to pay relocated workers.