Eastern Europe offers the lowest cost base in Europe by a large margin. Location experts hope this will ignite rapid economic growth over the next few years. The Georgian region of Imereti ranks top, ahead of the Ukrainian region of Zhytomyr on the basis of cheaper office rents and lower labour costs. Manual workers take home €0.21 an hour in Imereti and €0.35 in Zhytomyr. Industrial space costs an average of €2.75 per square metre a year in Imereti. Moldova is the next cheapest location.

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