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Europe/Africa: Rostov-on-Don, Russia

Europe/Africa: Rostov-on-Don, Russia

Population: 1 million
Ease of Doing Business Rank (Russia): 120
Rigidity of Employment Index (Russia): 44

Despite Russia's recent economic problems, Rostov-on-Don, in the country's southwest, attracted the third-largest amount of foreign investment of any Russian city in 2008. Key to the interest is Rostov's significantly lower business costs than those of domestic alternatives such as Moscow and St. Petersburg.