Prague region fifth wealthiest in EU

18-02-2010

The region of Prague is the fifth wealthiest in Europe, according to data released Thursday by the European statistical office Eurostat. The data reflects the purchasing power standard of the individual regions of Europe in 2007 and by that measure puts Prague behind Hamburg and slightly ahead of Paris city centre. London city centre topped the list with nearly twice the buying power of Prague, or 334% of the EU standard, followed by Luxemburg and Brussels. The Czech Republic as a whole however fared much worse, with the national average amounting to 80% of the EU average. Also, some of the poorest regions in the EU were also found in the Czech Republic, particularly north-western Bohemia, which showed a purchasing power standard of 62% of the EU standard.