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European Cities and Regions of the Future 2023 — The winners | Which places were won by Bucharest, Iasi, Timisoara, Cluj Napoca and Oradea?

Bucharest, Oradea, Timisoara, Iasi and Cluj-Napoca are ranked for cost effectiveness, business friendliness or economic potential.

London and the Île-de-France region, home of the French capital, Paris, stood out as the best-in-class in the ninth iteration of fDi Intelligence’s European Cities and Regions of the Future ranking.

Europe has shown resilience as a global investment destination even in the wake of the major disruptions caused by the Covid-19 pandemic and the Ukraine war. Despite major multinationals voicing concerns over its long-term competitiveness, the old continent remains the world’s biggest destination of foreign direct investment (FDI) as the energy transition drives major investment into energy sectors and the transformation of legacy industries, such as the automotive industry, data from foreign investment monitor fDi Markets shows.

Against this backdrop, the European Cities and Regions of the Future 2023 ranking benchmarked against each other the most promising investment destinations across Europe. It assessed as many as 370 European cities divided by population size into five groups — major, large, mid-sized, small and micro cities — as well as 148 European regions divided into three groups — large, mid-sized and small regions.

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