FX.co ★ Top 10 European megacities with highest economic potential

London, UK

The British capital tops the E-REGI rating. Experts call London a global city of the highest rank. It is considered the world's largest financial center despite the tensions around the Brexit saga. London has the world’s sixth largest gross domestic product amongst other urban agglomerations while its economy makes up the fifth part of the UK economy. This metropolis attracts investors from all corners of the world. Analysts stress that the largest number of international trading companies and private billionaires are concentrated in London.

Paris, France

Paris is a financial metropolis of France. It is also the political, economic, and cultural center of the country. Paris is a hub for financial markets, major corporations and serves as key nodes in global capital. What is more, a great number of international organizations are headquartered in Paris. Experts estimate the prospects of the economic growth of Paris as very high.

Stockholm, Sweden

In Sweden, there are headquarters of the largest banks in Scandinavia, including Swedbank, Handelsbanken, and Skandinaviska Enskilda Banken. Experts consider Stockholm one of the leading financial centers in the world. Most residents of the metropolis work in the service sector, occupying 85% of jobs. Such major insurance companies as Skandia and Trygg-Hansa, as well as the Stockholm Stock Exchange, are located in the city.

Munich, Germany

Munich is not only a leading financial metropolis but also a cultural one. The city is also considered a scientific center thanks to the famous universities, the Max Planck and the Heinz Mayer-Leibniz Institute, as well as the Bavarian State Library. Munich is a very attractive place for IT specialists. It also takes the leading positions among scientific centers of Europe and in the global financial market.

Oslo, Norway

This city is considered the important economic center of Norway. Additionally, Oslo is the port city and it gives a lot of advantages. There are about 980 maritime companies involved in shipping and cargo insurance. International organization Det Norske Veritas, the world’s leading classification society, is located there. The company is responsible for the assessment of economic risks and consulting.

Istanbul, Turkey

There are a lot of major business centers, including a newly built Atasehir in this magnificent Asian city. The Istanbul Stock Exchange is located there. Investors around the world participate in its trading sessions. It is the only exchange in Turkey that combines the Former Istanbul Gold Exchange and Derivatives Exchange of Turkey. Major banks, as well as foreign insurance companies, are situated in this metropolis.

Luxembourg

The Grand Duchy of Luxembourg is one of the richest countries in Europe, bordering Belgium, France, and Germany. The state is famous for the highest standards of living. Many EU organizations and large financial companies are located in Luxembourg thanks to favorable conditions and its status of an offshore zone. About a thousand investment funds and more than 200 banks are located in the metropolis. This is much more than in other cities in the world.

Copenhagen, Denmark

Experts consider Copenhagen the cultural, economic, and political center of Denmark. Copenhagen is one of the largest financial centers in Northern Europe. The city is home to the Copenhagen Stock Exchange. Its trading sessions are of great importance to the entire financial world.

Dublin, Ireland

Dublin is one of the leading financial centers in Northern Europe. Banking plays an important role in the economy of Dublin. Branches of such well-known companies as Citibank, Commerzbank and others are located in the city. The largest US companies specializing in IT and Internet technologies, including Microsoft, Google, Amazon, PayPal, Yahoo!, Facebook, LinkedIn, and Airbnb have opened their branches in Dublin. The business district Silicon Docks was formed in the metropolis because of the concentration of the international headquarters of high-tech companies in the area.

Madrid, Spain

The capital of Spain closes the ranking of the cities with the highest economic potential. The Madrid Stock Exchange (BME) is one of the largest stocks in Europe. Investors can trade stocks, convertible bonds, variable and fixed income securities. In 2015, the BME was among the top 20 largest exchanges in the world with a trillion dollar turnover. The information exchange system includes a number of innovations designed to meet the requirements of traders.