Sunday, September 4, 2011

Moving to Moscow

Today we look at moving to Moscow in Russia from Panama City in Panama. 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 Moscow people speak Russian. In Panama City people speak Spanish, English.

Moscow is the capital and the largest city of Russia. Panama City is the capital and largest city of the Republic of Panama. St Petersburg is a major trade portal, financial and industrial centre of Russia. St Petersburg specialises in diverse industries such as oil and gas trade, shipbuilding yards, aerospace industry, radio and electronics, software and computers; machine building, heavy machinery and transport, including tanks and other military equipment, mining, instrument manufacture, ferrous and nonferrous metallurgy (aluminium alloys), chemicals, pharmaceuticals, medical equipment, publishing and printing, food and catering, wholesale and retail, and textile and apparel industries. Panama City has more than 80 banks, more than 15 of them being national. The city also boasts several tourist attractions, and is a stopover for other nearby destinations in the country as well as a tourist destination in its own right.

The overall cost of living rank in Moscow is 11 out of 300 global locations, which equates it with high cost of living locations.  An expatriate moving from Panama City to Moscow will experience a change in cost of living of 73.1%.
In terms of the hardship people are likely to experience, assessed in global terms, Moscow is ranked as a high degree of hardship location with a hardship index of 30% compared to Panama City with a hardship index of 20% which is a some hardship location.

Source: Cost of living Moscow Russia as at July 2011.