Munich: Unstoppable Success
Posted by Admin | Filed under Business
It has been recent years that Munich has gained a reputation for being the high tech capital of Germany. But economic activity within the city extends far beyond tech boundaries. The city is also hotbed of activity for the automotive engineering, aerospace, life sciences and finance industries. Other key areas that boast excellent prospects include medical engineering, environmental technology, nanotechnology, and measurement and control systems. Leading aspects of the local service industry include commercial law practices, legal and tax advertisers, and technical service providers. This attractive blend of industries alike, has led national and international corporations alike to locate their European headquarters here.
Munich’s economic strength is rooted in the diversity of its business structure. In addition to having a healthy mix of global players, a vibrant SME sector and a qualified labor force give the region its distinctive, upbeat vibe. The city’s economic prominence in Europe is also due to a variety of others factors, one of which is the city’s outstanding research and development landscape that constantly fuels the Munich’s vast potential for innovation and creativity. Add to that a forward-looking economic policy, a highly motivated workforce, excellent educational and training facilities, and you have the makings of a bona fide hotspot that everybody wants in on.
Munich: Hordes of Revellers
Posted by Admin | Filed under Business
Every year, hordes of revelers from the world over descend upon the picturesque city of munich to partake in the world’s most celebrated festivals, Oktoberfest. But beneath Munich’s party-going venner belies a serious side. Underneath all that carousing, Munich is an economic powerhouse that is still very much on the trajectory to success.
The Bavarian capital is home to some 80,000 companies - including corporate giants who employ more than 900,000 people. The Empirica research organization rates the Munich region as Germany’s strongest business location in terms of its burgeoning population. Empirica’s trend researchers also predict that, by 2015, a further 60,000 people will have been added to the region’s current active population.
Boasting a superlative transport, telecommunication and energy infrastructure, Munich is served by eight freeways, a tightly meshed network of mass transit trains, streetcars and buses, and is also an important hub for national and international rail freight and passenger transport. That it happens to have Europe’s most modern airport and a top-ranking exhibition center should also come as no surprise. After all, more than 30,000 exhibitors from over 100 countries and more than two million visitors from more than 200 countries participate in fairs and exhibitions in Munich each year.
Corporations operating from the city include some of the biggest brand names worldwide. Global players in the caliber of Allianze, BMW, EADS, General Electric, GlaxoSmithKline, Hypo Real Estate, IBM, Infineon, Intel, Microsoft, O2, Philip Morris, Siemens and Sony BMG have already set up shop in the city, and no fewer than seven of the 30 companies listed in the DAX index of Germany’s blue chip enterprises are headquartered in Munich as well. Home to the country’s biggest film studios Bavaria-Film, Munich also leads the country in other industries such as fashion, advertising, printing and publishing - making it a true Renaissance city, in every sense of the word.