At the moment, Ukrainian women happen to live in the country that has the cheapest prices in Europe for food, according to the rating by the Swiss bank UBS.
The consumer basket consisting of 39 products costs the least in Ukraine from 71 metropolitan cities of the world, Finance.ua reported.
UBS bank rated the world’s largest cities, checking the price of essential products.
The unified shopping list will only cost $166 to purchase in Kiev, while in Zurich it will take you back the whopping USD $738 for the same amount of groceries.
Cheapest capitals:
- Kiev, Ukraine: $166
- Sofia, Bulgaria: $214
- Bucharest, Romania: $248
- Prague, Czech Republic: $251
- Warsaw, Poland: $253
Most expensive capitals:
- Zurich, Switzerland
- Seoul, South Korea
- New York, USA
- Genera, Switzerland
- Miami, USA
Earlier we reported that Kiev has been voted the cheapest city for tourists by the UK site Simply Holiday Deals. Russian metropolis St. Petersburg managed to score a place in the top 10 of the cheapest European destinations for budget-conscious travellers.
The experiment by a Ukrainian TV reporter confirmed that an adult is capable of living on $50 in Kiev, Ukraine, for a whole month. It is amazing judging by the cost of living in the developed countries. The fluke of cheap prices in Kiev is easily explainable: The European capital is a part of the country experiencing spiralling inflation and drop in currency exchange rates, due to internal instability. The prices simply cannot catch up quick enough.
The situation in Kiev will certainly change in the coming years, especially once Ukrainian citizens are able to visit countries of the European Union without visas. The current level of prices for real estate and other goods is simply not sustainable in the long run, given Ukraine’s proximity to Europe. This means, the price dip may be at the very bottom of its curve, with a substantial growth to follow. This may be well on the cards already in 2016.
The “no visa” agreement between Ukraine and the European Union is expected to be enacted by mid-2016, according to publications in German and local Kiev’s press. According to it, Ukrainians will be able to stay in EU for 90 days without a visa within a 180-day period, the same as the arrangement Ukraine has with Russia.
Read also:
- Kiev Is The Cheapest City In The World To Live In
- Anna Vergelskaya from Kiev Becomes Miss Universe Ukraine 2015
- Party in Ukraine: How Much for a Host?
- Odessa, Ukraine — Life of Ukrainian Women in 2015
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Winter holidays is a great time for shopping, but I prefer to prepare presents beforehand without being in a hurry. Moreover, it is not a pleasure to visit crowded places. And the prices before holidays can be very high both for things and for food and drinks.
No city in this list is cheap! They are all above average in prices. Cheap cities for food prices should look somewhere else than these.
Are those prices for 1-time shopping, or 1-week shopping, 1-month shopping, 1-year shopping ??? Article does not specify what basket of food it is, neither any other information. ???
I question the people who said this . I live in Lviv and compared to there Kiev is expensive. Yerevan has cheaper food as does Tbilisi. You said cities but maybe you mean capital cities. The prices have risen a lot in Ukraine.
I just looked at the current cost of living index by Numbeo, and Kharkiv and Lviv in Ukraine are still in the 10 cheapest cities worldwide out of 540 cities! (Kharkiv at #7, Lviv #10.) Other cities in the lowest cost of living list are all in India, plus Alexandria from Egypt. So, in Europe Ukraine is definitely still the country with the lowest cost of living. Kiev at #20, it’s also the first European capital that is so cheap. Tbilisi (Georgia) is #31, which means it’s also very affordable. Although some experts do not consider Georgia and Armenia as… Read more »