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Munich, a city that proudly shows its traditions and is at the same time a high-tech, high-performance and world-class place. Economically, culturally and politically, the city has traditionally held a dominant position in the country, if not in the world. The metropolis is one of the most successful and dynamic economies in Europe. In the Mercer consulting firm’s urban placements, Munich ranked second in terms of infrastructure among less than 50 cities worldwide in 2014 and fourth in terms of quality of life.
Munich is world-renowned for its collections of ancient and classical art, presented in state, municipal and private museums such as galleries. With more than one million visitors per year, the Deutsches Museum, with its unique technical exhibitions, is one of the most visited museums in Europe and the largest technical-scientific museum in the world.
Munich has a rich theater, ballet and opera culture with five national stages, three city stages and more than fifty private stages. The Bavarian State Opera in Munich is one of the most renowned opera houses in the world and can look back on a long history and tradition.
Important economic sectors in the city are tourism, automotive and mechanical engineering, electrical engineering as well as software and IT. The high density of IT companies has earned Munich the nickname “Isar Valley”. Munich is also an important financial and insurance center of the country.
Munich is home to many companies, including five DAX companies (Allianz, BMW, Linde, Munich Re, Siemens). This is the only stock exchange in Bavaria. As a media city, it is of major importance in the country. Munich has the largest number of publishers in the world after New York, with the television and film industries strongly represented in the city.