Making Business in Frankfurt
Frankfurt am Main represents the centre of one of the most efficient and dynamic regions in Europe, due to its concentration of important financial institutions. The financial-commercial centre of Germany has a range of top financial companies from all domains, from industrial groups to software companies and this made Frankfurt a top location in the heart of Europe. Making business in Frankfurt is quite convenient as there are about 320,000 companies that contribute to the annual GDP and have a workforce of 2.7 million people. According to a recent annual study, Frankfurt has been along with London and Paris, one of the top three towns for international companies in Europe.
If you wander why Frankfurt is the premier financial centre, you should know that both the European Central Bank and the German Federal Bank are based here. ECB is one of the world’s most important central banks, while Deutsche Bundesbank is since 1957responsible for the German monetary policy.
Moreover, the city has a long banking history and was always a trade center. Making business in Frankfurt was possible even from the 9th century when the city turned into an important fair. As a result of its economical development, the city has an excellent transportation network and is a famous air hub. It is a major junction of the European motorways and the biggest train station in Europe.
Frankfurt’s stock exchange
Did you know that 90% of the Germany’s stock exchange takes place in Frankfurt? Or that the roots of the German Stock Exchange go back to the 9th century? Frankfurt developed into an important economical hub by the 16th century. Since the introduction of the electronic trading system, this has replaced the classic floor trading. 85% of the transactions are carried out electronically and over 5,700 German and international businesses are quoted on the Frankfurt’s stick exchange. The Frankfurt stock exchange is located in the city centre, at Börsenplatz.
There are also lots of small businesses that contribute to the city’s status of trading centre. The Frankfurt Messe is the biggest fair worldwide and provides near 600,000 square metres of exhibition. Frankfurt is one of the biggest advertising centres and covers areas such as public relations, marketing & research, advertising and sales. This industry is one of the fastest growing in Germany at this moment. Some say that the majority of the slogans we hear today were created in Frankfurt.