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 Geschichte Bayerns > Economics > Global Players
Global Players

Only 5% of all Bavarian industrial enterprises have more than 500 employees. They include several internationally active groups of companies such as Siemens AG, which shifted its headquarters from Berlin to Munich after World War II. There are several global players in high-tech sectors such as electronics, microelectronics, information technology, communications technology and also the chemical industry, but medium-sized companies are also proving competitive in the global market.

At the same time, an increasing number of companies are discovering that Bavaria is an attractive location. Munich is the central base of the third-largest aerospace company in the world - the European Aeronautic Defence and Space Company, or EADS for short.

Munich, the regional capital, also ranks as a world insurance centre.

The foreign representations of the Free State of Bavaria and of the Bavarian Craft Trade help to cherish, develop and generate economic and cultural contacts in 13 countries of the world.

The European Patent Office has been based in Munich ever since it was founded in 1977.