Although other international cities needed decades for getting where they are today, Berlin developed in just 15 years.
Formerly a significant industrial city, Berlin still hosts big companies like Siemens, the BMW-motorcycle factory in Spandau, the car engine factory of Mercedes-Benz and Bosch-Siemens-Hausgeräte with their premium kitchen appliances production.
Moreover, Berlin is a traditional and important medical centre, emphasized by nearly 100 biotechnology companies, like the Bayer Schering Pharma AG. Around 8,000 companies of telecommunication and media have their offices here and recently Universal Music and Sony Germany moved to Berlin. Furthermore a strong financial background can be seen in the city, having 48 international banks and several subsidiaries of international management consultancies like Price Waterhouse Coopers, McKinsey or KPMG.
The richness of Berlin’s public and private universities and many other research institutions on various scientific areas, creates a synergy which many represented companies appreciate. The big hospital companies Charité and Vivantes, the ever-growing science and technology park Adlershof and many other institutes supply the city with future-oriented know-how. Since 1990, approx. 130,000 new jobs were created, especially in the service sector.
Being crucial trade fair centre, Berlin is home of some important German fairs as the International Consumer Electronic trade fair, the agricultural „Berliner Grüne Woche“ and the ITB, the annual touristic trade fair. 400 trade shows and conventions are held every year, which make Berlin one of the major exhibition centres in Europe.
In Berlins Southeast, the new airport Berlin Brandenburg International is currently under construction, which will manage the whole air traffic of Berlin and Brandenburg by 2015.