Expensive, Foreign Workers, Turkmenistan

Expensive, Foreign Workers

Turkmenistan's capital ranked most expensive city for foreign workers - Punch Newspapers

Turkmenistan's capital ranked most expensive city for foreign workers - Punch Newspapers

6/22/2021 9:10:00 PM

Turkmenistan 's capital ranked most expensive city for foreign workers - Punch Newspapers

A 2021 cost-of-living survey by consultancy firm Mercer, has named Ashgabat, the capital of Turkmenistan , as the world's most expensive city for foreign workers .

Hong Kong and most countries in the top 10 earned their rank on account of them being viable economic hubs, a condition that naturally led to a hike in the price of housing and general cost of living in these cities.In Ashgabat’s case, its high ranking is as a result of economic depression and “high local inflation” as described by Jean-Philippe Sarra of Mercer.

Court remands Nigerian who dubiously took 39,366 phones worth $1.2m UK employs 353 Nigerian doctors in 100 days PICTORIAL: Gov Abiodun visits Tinubu in London - Punch Newspapers

Another reason for Ashgabat’s economic troubles may be traced to Turkmenistan’s dependence on natural gas exports for revenue, a national cash cow that has since taken a hit due to global low gas prices, leading to hyper-inflation in the Central Asian country.

Ashgabat’s move to first place may also be as a result of the Covid-19 pandemic, which a report by Human Rights Watch said has “drastically exacerbated Turkmenistan’s pre-existing food crisis”.Some other cities in the top 10 include Beirut, Zurich, Shanghai, Beijing, and Singapore. headtopics.com

Read more: The Punch Newspapers »

How I Sponsored Myself, Completed My Diploma, By Driving Commercial Buses In Lagos -Modinat | Punch

A female driver, Modinat Adunni, plying the Agege-Ikeja route in Lagos State shares with us what motivated her to state the transport business, her experienc...

Nigeria may earn N462bn from EMT levy in 2021 — World Bank - Punch NewspapersThe most widely read newspaper in Nigeria

Kenneth Kaunda: Last of the titans (1924-2021) - Punch NewspapersThe most widely read newspaper in Nigeria Haba what about out formidable President. Still going strong hmm

Firm projects real estate growth in 2021 - Punch NewspapersThe most widely read newspaper in Nigeria And tomorrow you will say there’s no money in Nigeria. Buhari this Buhari that. Get your latest football news and accurate football predictions Foot_ballGalaxy

After PUNCH report, Reps begin Twitter ban probe today - Punch NewspapersThe most widely read newspaper in Nigeria They will wind up doing absolutely nothing. Rubber strapped Representatives. They rub cream before they bath. “After Punch report”😒😒

How fear of litigation, safety concerns are fuelling caesarean section delivery –Gynaecologists - Punch NewspapersThe most widely read newspaper in Nigeria

Designer of 1004 estate, Fola Alade, is dead - Punch NewspapersOne of Nigeria’s first four Architecture graduates, Fola Alade, is dead. R.I.P sir RIP sir Wow, I have never thought its designer to be Nigerian, colonial mentality at work. RIP.