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Bucharest is the capital and largest city in Romania. It is located in the southeast of the country on the banks of the Dāmbovita River and according to January 2006 official estimates, Bucharest proper has a population of 1,930,390 and the metropolitan area of 2.6 million. Bucharest was first mentioned in documents as early as 1459. Since then it has gone through a variety of changes, becoming the state capital of Romania in 1862 and steadily consolidating its position as the centre of the Romanian mass media, culture and arts. Its eclectic architecture is a mix of historical, interbellum, Communist-era and modern. Bucharest is the most economically-developed and industrialised city in Romania, producing around 14.6% of the country's GDP and about one-quarter of its industrial production, while only accounting for 9% of the country's population. The city's strong economic growth has revitalised infrastructure and led to the development of many shopping malls and modern residential towers and high-rise office buildings. An important source for growth since 2000 has been the city's property and construction boom, which has resulted in a significant growth in the construction sector. Bucharest is also Romania's largest centre for information technology and communications and is home to several software companies operating offshore delivery centers. Bucharest contains Romania's largest stock exchange, the Bucharest Stock Exchange, which was merged in December 2005 with the Bucharest-based electronic stock exchange, Rasdaq. After the year 2000, due to the advent of Romania's economic boom, the city has modernised and is currently undergoing a period of urban renewal. Various residential and commercial developments are underway, particularly in the northern districts, while Bucharest's historic centre is currently undergoing restoration. Source: Wikipedia. All text is available under the terms of the GNU Free Documentation License |
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