Economic power in Frankfurt
Frankfurt is the fifth-largest city in Germany, with a population of approximately 750 thousand people. Such sectors of the economy as IT, telecommunications, biotechnology and research, service, commerce, tourism, consulting, and media are thriving here. It is the city of global importance and one of the most important financial centers in Europe. Moreover, it has excellent infrastructure and a huge airport. Therefore, many international and German companies have corporate headquarters here: European Central Bank, German Federal Bank, Sanofi-Aventis Deutschland (pharmaceutical), Degussa-Huels(chemicals), Opel (automotive), etc. However, the vast majority of companies here (88% ) consist of 1-9 people. Serviced offices are a perfect solution for small teams. Firstly, it the company is growing, entrepreneurs can always rent additional space in the same building. Secondly, reception services, internet, telephone lines are already included in the price, which saves money. In addition, in business centers, there are many possibilities for networking.
Future in Frankfurt
With all the benefits in mind, it is not surprising that Frankfurt has taken the first place in German Cities of the future ranking for 2016/2017. According to Wealthinsight’s World City Millionaire Rankings (May 2013), the urban area has higher “millionaire density” than other cities surveyed worldwide. Munich comes second. It is the world`s number 7 in terms of quality of life. In addition, the GDP per capita here is over $50,000. Interestingly, the city hosts almost 40 big trade fairs every year. For instance, Messe Frankfurt (since the 12th century) the Motor Show, the Music Fair, the Book Fair, which are all global-scale events.
With a large forest, many parks, and the two botanical gardens, Frankfurt is a perfect place for nature lovers. More than 50 percent of the area within the city limits are protected green zones.
Diversity in Frankfurt
The city has the best employment opportunities in Germany. Therefore, it attracts many immigrants. 25 % of the population are foreigners, which creates a big cultural diversity in the city. However, it requires considerable efforts from the society to overcome cultural barriers and facilitate integration