Amsterdam - Economy

Economy

Amsterdam is the financial and business capital of the Netherlands. Amsterdam is currently one of the best European cities in which to locate an International Business. It is ranked fifth in this category and is only surpassed by London, Paris, Frankfurt and Barcelona. Many large corporations and banks have their headquarters in Amsterdam, including The Royal Bank of Scotland, Akzo Nobel, Heineken International, ING Group, Ahold, TomTom, Delta Lloyd Group and Philips. KPMG International's global headquarters is located in nearby Amstelveen, where many non-Dutch companies have settled as well, because surrounding communities allow full land ownership, contrary to Amsterdam's land-lease system.

Though many small offices are still located on the old canals, companies are increasingly relocating outside the city centre. The Zuidas (English: South Axis) has become the new financial and legal hub. The five largest law firms of the Netherlands, a number of Dutch subsidiaries of large consulting firms like Boston Consulting Group and Accenture, and the World Trade Center Amsterdam are also located in Zuidas.

There are three other smaller financial districts in Amsterdam. The first is the area surrounding Amsterdam Sloterdijk railway station, where several newspapers like De Telegraaf have their offices. Also, the municipal public transport company (Gemeentelijk Vervoersbedrijf) and the Dutch tax offices (Belastingdienst) are located there. The second Financial District is the area surrounding Amsterdam Arena. The third is the area surrounding Amsterdam Amstel railway station. The tallest building in Amsterdam, the Rembrandt Tower, is situated there, as is the headquarters of Philips.

The Amsterdam Stock Exchange (AEX), nowadays part of Euronext, is the world's oldest stock exchange and is one of Europe's largest bourses. It is situated near Dam Square in the city's centre.

Read more about this topic:  Amsterdam

Other articles related to "economy":

Great Depression - Causes - Demand-driven - Keynesian
... Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well below the ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... to keep people fully employed, governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production at the normal level and bring the economy out ...
Quincy, Massachusetts - Economy
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
Katanga Province - Economy
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
Iran–Iraq War - Home Front - Iran - Economy
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
Scotland - Economy and Infrastructure
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... the 1970s and 1980s saw a shift from a manufacturing focus towards a more service-oriented economy ...

Famous quotes containing the word economy:

    The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.
    Ralph Waldo Emerson (1803–1882)