5 European Cities That Are Known As Top Business Hubs

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The European Union is without a doubt one of the world’s most vibrant and prosperous economic hubs. From state of the art technology to high finance and intensive research institutions, Europe offers a lot to both regional and international businesses. Here are some of the top European cities that are top business hubs, and whenever you need Europe corporate coach hire, you can rely on Select Coach Hire!

Budapest

This historic city is located near the river Danube and is the headquarters of about sixty of Europe’s fastest growing enterprises, including beverage and food processor Seitan. Budapest plays an important role in the economy of Hungary, accounting for almost forty percent of the nation’s gross domestic product. It is also regarded as one of the continent’s most beautiful metropolitan centres, with an extensive network of thermal caves underwater.

Rome

Rome’s status as one of Europe’s most prominent cities shouldn’t come as a surprise, as it was the heart of the ancient Roman Empire. Today it has become a major financial player in the EU, and is home to more than sixty cities which are Inc. 5000 listed. One of Rome’s most successful enterprises is GoldToner Europe, which specializes in the distribution of fax machines and lasers. Its sales since 2010 have increased by more than 2500 percent. Rome is also emerging as an important destination of businesses related to real estate, the processing of food and beverages and Information Technology.

Oslo

The Norwegian capital has become a serious financial center in recent years, which is largely the result of its strategic location near the North Sea and Oslofjord. Today almost 70 prominent companies are headquartered there, most of which are private. Maritime industry plays an essential role in Oslo’s growing economy, with major shipping companies bringing in the bulk of revenue. However, other industries are catching up rapidly, including manufacturing, retail, information technology and construction.

London

This city needs no introduction when it comes to the world of business and high finance, but one will be provided anyway. London is the capital of the United Kingdom and home to over 8 million people. Founded by the Romans more than two millennia ago who named it Londinium,  today a number of prestigious universities and research institutes can be found here, and all together, London ranks within the top ten highest metropolitan GDPs worldwide. It makes up about 20 percent of the UK’s economy, and it has a number of rapidly growing companies, all of which are Inc. 5000 Europe listed. It should also be mentioned that this city is home to many of Europe’s wealthiest individuals, including numerous billionaires.

London is also one of Europe’s most diverse cities, with a population derived from every national and ethnic background. This, combined with its traditional English heritage, has given it a distinct flair. To accommodate its growth, a tremendous amount of money has been invested in its railway system, with High Speed TWO Limited leading the charge.

Bucharest

Bucharest is an emerging economic centre, one of the most prominent in Eastern Europe. It is Romania’s capital and can be found in close proximity to the river Danube. It is home to almost 2 million people and makes up over 20 percent of the nation’s economy. Romania went through a period of mild stagnation during the 1990s but has managed to revitalize itself in recent years, with a low unemployment rate and high growth.  Although it is “newer” than many of the European cities mentioned previously, having only been first attested in 1459, it has distinguished itself in terms of architectural, entertainment and cuisine.

Today Bucharest has established itself as Eastern Europe’s industrial hub. It is the headquarters of more than seventy companies which are Inc. 5000 Europe listed, and although the economy is currently dependent primarily on services and products, it has experienced a rebirth in its retail sector, with the opening of a large number of shopping centres, fashion and grocery stores. Privately, the city’s most rapidly growing company is Insoft Development and Consulting, which specializes in the creation of software and which has experienced a growth rate of more than 3000 percent over the last few years.