MOSCOW IS WORLD’S MOST EXPENSIVE CITY
By Petros Keshishian

AZG Armenian Daily
29/06/2006

Moscow occupied the first place in the list of the most expensive
cities of the world elaborated by Mercer Human Resources Consulting. In
2005, Tokyo occupied the first place, while Moscow was on the second
place. This year the second place in the list belongs to the Seoul,
which is the most expensive city in Asia.

The cheapest city in the world is Asuncion, capital of Paraguay.

The Times wrote that in fact, there are two Moscows, the first one
for the oligarchs and the rich foreigners, while the second one is
for the rest of the common Moscow residents.

The research was made in 144 cities of the world. The experts took
into account the prices for over 200 goods and services.