Frankfurt, Germany News

About Frankfurt, Germany

Frankfurt is one of the leading financial centres in Europe. According to an annual study (2007) by Cushman & Wakefield it is one of the top three cities for international companies in Europe, along with London and Paris.

According to a ranking list (2001) produced by the University of Liverpool, Frankfurt is the richest city in Europe by GDP per capita. After Frankfurt are Karlsruhe, Paris and Munich.

The Mercer Human Resource Consulting Worldwide Quality of Living Survey 2007 ranked Frankfurt at the seventh position of the cities with the highest quality of life worldwide. The only German city that did better was Düsseldorf at number six.

Frankfurt is commonly known as "the city of the banks". In 2006, six of the ten major German banks had their headquarters in the city, including the top four (Deutsche Bank, Commerzbank, Dresdner Bank and DZ Bank).

Other important banks are ING Diba, KfW, BHF Bank, Bankhaus Metzler, Delbrück Bethmann Maffei, DekaBank, Landesbank Hessen-Thüringen and Frankfurter Sparkasse. More than 300 national and international banks are represented there.

The European Central Bank (Europäische Zentralbank) is one of the world's most important central banks, responsible for monetary policy covering the 15 member countries of the Eurozone.

Since its foundation in 1998 the headquarters are located in downtown Frankfurt although plans have now been made for a move to a landscaped area on the site of the former wholesale market hall (Großmarkthalle) in the eastern part of the city.

The German Federal Bank (Deutsche Bundesbank) is an integral part of the European System of Central Banks (ESCB). It was established in 1957. The Frankfurt Stock Exchange is the largest in Germany.

The city is also Europe’s largest and most popular trade show destination. More than two million people travel to Frankfurt each year to visit one of over 50 international trade shows and exhibitions held there.

In excess of 44,000 companies have offices in Frankfurt, it’s also one of the world’s most important interfaces for the Internet and telecommunications industries.

Other Major Cities:

• Berlin
• Hamburg
• München (Munich)
• Köln
• Stuttgart
• Dortmund
• Essen
• Düsseldorf
• Bremen
• Hannover
• Leipzig
• Dresden
• Nürnberg (Nuremberg)