Good quality of life, fast-developing economy, well-built infrastructural facilities with a balance over culture and tradition makes Copenhagen (Kopenhagen) one of the most livable cities in Europe. Provider as one of the highest gross wages in the world, Copenhagen city is famous amongst the highly educated foreign labour that prefers to settle here. Apart from this, the city is no doubt one of the most expensive cities in Europe.
Copenhagen's economy is mainly based on services and commerce. As per the statistical data of 2010 over 350,000 workers were employed in the transport, communications, finance and trade industries. The city's economy grew by 2.5% from 2006 to 2011.
Life-sciences and R&D Pharma companies (viz: Medicon Valley, Novo Nordisk, and Lundbeck) have also contributed to the economy of Copenhagen.
Photo Credit:PD Photo
Being a service-oriented economy and the most important city of Denmark, Copenhagen was ranked 4th among the list of top 50 European cities of the future by Financial Times in 2008. Multinational companies (like Microsoft) and a wide range of industries like shipping companies (e.g. Maersk) have shifted their regional and world headquarters along with the distribution centres in Copenhagen.
Cross-border activities over the Øresund region make it a heart for economic activity and commercial interactions with increased traffic. Commuting is done across the bridge for commercial purposes, for better job prospects, for seeking an advanced education, for being a part of the fascinating culture, enjoying the nightlife, shopping, and most of the time for availing the airport facilities.