Yes, it is the the hilly medieval city of Lausanne.

The picturesque Vaud capital has been named the ‘best small city in the world’ in Monocle magazine’s Small Cities Index, which ranked the best 25 small towns with a population under 200,000.

Lausanne topped the chart for its public transport network, global outlook, diverse population, natural setting, and other factors.

The global affairs and lifestyle magazine was also impressed by the number of multinational companies based in the city of just over 137,000 people.

Apart from the IOC, Lausanne is home to Philip Morris, Tetra, Owens-Illinois, Huawei Technologies, and other global corporations.

It also has one of the world’s top universities, the Swiss Federal Institute of Technology (EPFL), as well as the world-famous Swiss Hospitality Management School.

The American city of Boulder (Colorado) and Norway’s Bergen rank in the second and third place in the survey.

Lausanne is just one Swiss city that has won international accolades.

This month, Zurich won the International Prosperity and Social Inclusion Award and also ranked as the best city in Europe for public transport .