European Car of the Year decisive winner" among all competing cars. The 2017 ECOTY was announced on March 6, 2017, at the Geneva Motor Show in Geneva, Switzerland, the winner being the Peugeot 3008. Eligible cars are new models released in the twelve months prior to the award. The award is not restricted to European cars, but nominees must be available in at least five European countries, and have expected sales of 5,000 a year. Nominees are judged on the following criteria: design, comfort, safety, economy, handling, performance, functionality, environmental requirements, driver satisfaction and price. Technical innovation and value for money are also important factors.
Geneva was ranked as the world's fifteenth most important financial centre for competitiveness by the Global Financial Centres Index, fifth in Europe behind London, Zürich, Frankfurt and Luxembourg. A 2009 survey by Mercer found that Geneva has the third-highest quality of life of any city in the world (behind Vienna and Zürich for expatriates; it is narrowly outranked by Zürich). The city has been referred to as the world's most compact metropolis and the "Peace Capital". In 2017, Geneva was ranked as the seventh most expensive city in the world. Geneva was ranked third in purchasing power in a global cities