Saturday, July 30, 2011

Moving to Prague

Today we look at moving to Prague in Czech Republic from Wuhan in China. We highlight cost of living and other major differences likely to be experienced in our series of short blogs on moving between different international locations.
In Prague people speak Czech. In Wuhan people speak Mandarin Chinese.

Prague is the capital and largest city of the Czech Republic. Wuhan is the capital of Hubei province, People's Republic of China, and is the most populous city in central China.
Prague's economy is based on various industrial sectors. Prague's industrial sector is split into aircraft engines, diesel engines, refined oil products, electronics, chemicals, food, printing, automobiles etc. Also a significant proportion of research and development is based in Prague. Approximately one-fifth of all investment in the Czech Republic takes place in Prague city. Wuhan is an important center for economy, trade, finance, transportation, information technology, and education in Central China. Its major industries includes optic-electronic, automobile manufacturing, steel manufacturing, new pharmaceutical sector, biology engineering, new materials industry and environmental protection. Wuhan has over one third of French investment in China, the most among Chinese cities.

The overall cost of living rank in Prague is 68 out of 300 global locations, which equates it with high cost of living locations.  An expatriate moving from Wuhan to Prague will experience a change in cost of living of 35.8%.
In terms of the hardship people are likely to experience, assessed in global terms, Prague is ranked as a some hardship location with a hardship index of 20% compared to Wuhan with a hardship index of 30% which is a high degree of hardship location.

Source: as at July 2011.

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