1. Summary and Evaluation of the Competitiveness Study commissioned for Citibank by the Economist Intelligence Unit and its’ results relating to Budapest

2. Competitiveness: the past In the past, city-states competed for economic and territorial influence: Babylon (17th-18th century BC) Mesopotamia Babylon (17th-18th century BC) Mesopotamia Sparta-Athens (6th- 3rd century BC) Greek city-states Sparta-Athens (6th- 3rd century BC) Greek city-states Venice- Padova (14th century AD) Italian city-states Venice- Padova (14th century AD) Italian city-states

3. Competitiveness: The present The French Revolution brought about the race between nations, which lasts until today However, 50% of the Earth’s population already lives in cities, and Cities produce 80% of the world’s GDP

4. In the future, cities will once again compete with one another: Dubai New York London Moscow Berlin Budapest Competitiveness: The Future

5. The EIU study Citibank commissioned the Economist to produce a report on the global competitiveness of cities according to the following criteria and weights:

6. The Results 1. European and American cities are the most competitive, in spite of their aging infrastructure and budget deficits Asia’s economic growth is mirrored in the competitiveness of their cities African and South American cities are the least competitive

7. Results 2. Any sized city can be competitive, however population density affects the competitiveness of large cities. The fastest-growing cities have a population of 2-5 million

8. Results 3. The biggest advantage of cities in the developed countries is their ability to attract talent : „I have long believed that talent attracts capital far more effectively and consistently than capital attracts talent.” -Michael Bloomberg, Mayor of New York Infrastructure investments in developing cities will determine their growth, however they will need more to become attractive to talent.

9. Budapest on the list 1. New York 2. London 3. Singapore 4. Paris 4. Hong Kong 6. Tokyo 7. Zürich 8. Washington 9. Chicago 10. Boston … 25. Vienna 39. Beijing 40. Dubai 41. Barcelona 46. Prague 50. Rome 53. Warsaw 55. Budapest 58. Moscow 59. Tel-Aviv 60. Buenos Aires 61. Bangkok 66. Cracow 71. Mexico City 72. Athens 74. Istambul 76. Bukarest 76. Rio de Janeiro 100.S.Petersburg 108.Kiev 120.Teheran http://johomaps.com/world/worldcities.html

10. Budapest: The numbers

11. Budapest – Regional Comparison

12. Budapest – Compared Rank/120Score/100Study Avg.Eur. Avg.EU Avg. Difference b/w Bud and Eur. Difference b/w Bud and EU. Overall score5550,449,954,656,7-4,2-6,3 Economic strength 6934,537,13434,20,50,3 Physical capital 5677,774,986,390,1-8,6-12,5 Financial maturity 6833,347,855,757,6-22,4-24,2 Institutional effectiveness 6559,861,268,872,1-8,9-12,3 Social and cultural character 228560,680,383,74,71,3 Human capital 806063,966,969,2-6,9-9,3 Environment and natural hazards 110066,976,377,523,722,5 Global appeal 3617,713,220,724,4-3-6,7

13. Budapest A city we can build on! Budapest’s competitiveness affects the country as well: The city produces 40% of Hungary’s GDP The only „metropolis” in the country, region The advantages of Budapest: Has a usable shipping route (Danube) Many highways lead to the city Excellent location - situated along a European transit route Has an international airport Diverse economic structure European-level schools, universities Vibrant cultural life

14. Human Capital, talent competitiveness Economic strength Human resources Financial maturity Budapest’s success = Hungary’s success Areas for development:

15. Thank you! Photos: Wikipedia.org