Regional Development (Policy)
Furthermore, the traditional banking center has developed almost unnoticed into the German Internet and telecommunications capital where the central network nodes of the Federal Republic come together. The numerous advertising and PR agencies testify to Frankfurts position as a media and communications center. At the same time, the city is well on the way to assuming a leading role in the field of biotechnology. Frankfurt is also still the number one financial center on the European continent. It is the headquarters of the European Central Bank and has the third-largest stock market in the world. All these factors combine to make Frankfurt the financial capital of Germany.