Economic status of Vienna falls

VIENNA, Oct. 7 (Xinhua) -- Vienna's economic status on the list of Europe's Best Cities for Business has dropped to the 26th, said a research report released by Cushman and Wakefield (C and W) on Tuesday.

The findings in the European Cities Monitor report named London, Paris and Frankfurt the top three European cities for business.

Vienna fell from the 24th on the C and W list of the economic status in 2007 to the 26th this year.

Main criteria adopted by C and W for assessing European cities' economic status include personnel's quality, market accessibility, communication's quality, traffic conditions, employment cost. Personnel's quality is considered the most important factor in this year's assessment.

The increasing outflow of many high-quality talents and surgingemployment cost of Vienna served to drag its status down on the list.

Cushman and Wakefield, founded in 1917, is a leading global real estate services firm with about 189 offices operating in 57 countries with over 11,000 employees. Its report serves as an important reference for the capital flow of global multinational companies.