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Encyclopedia > Economy of Dresden
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The economy of Dresden and the Dresden agglomeration is one of the most dynamic in Germany. It is dominated by the high-tech branches in presence and past and has been in context of applied research for years. Image File history File linksMetadata Download high resolution version (1120x840, 267 KB) Summary Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): AMD Metadata This file contains additional information, probably added from the digital camera or scanner used... Image File history File linksMetadata Download high resolution version (1120x840, 267 KB) Summary Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): AMD Metadata This file contains additional information, probably added from the digital camera or scanner used... Dresden (Sorbian: Drježdźany; etymologically from Old Sorbian Drežďany, meaning people of the riverside forest) is the capital city of the German Federal Free State of Saxony. ... High tech refers to high technology, technology that is at the cutting-edge and the most advanced currently available. ...

Contents

Background

Historical background

Many of the industries that made Dresden rich before the Second World War and disappeared under communism have resettled in the city including the optical industry and the high quality foodstuffs industries. An international famous example is the Dresdner Bank that left in the 1950s to avoid like many other enterprises its nationalization. Other branches like the microelectronics and aircraft construction came up in the 1960s. Dresden became a centre in the allocation of the former socialist combines that were centrally planned on the one side and had disposal of regional subunits of nationally-owned enterprises. The 1978 Silver Tower houses part of the head office of the Dresdner bank. ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ...


Infrastructure

Dresden is connected in the InterCityExpress and EuroCity train network. Direct lines are runing to Berlin, Prague, Frankfurt, Hamburg, Budapest and Vienna. Night train services are also runing to Zürich among other cities. 3rd Generation ICE train The InterCityExpress or ICE is a high-speed train, built by Siemens A.G. and others, operated mainly in Germany and neighboring countries, for example to Zürich, Switzerland or Vienna, Austria. ... EuroCity, abbreviated EC, denotes a train service within the European inter-city rail network. ... Berlin is the capital city and one of the sixteen states of the Federal Republic of Germany. ... Prague (Czech: Praha (IPA: ), see also other names) is the capital and largest city of the Czech Republic. ... Main Station Frankfurt Frankfurt International Airport For other uses, see Frankfurt (disambiguation). ... Hamburgs motto: May the posterity endeavour with dignity to conserve the freedom, which the forefathers acquired. ... Nickname: Paris of the East, Pearl of the Danubeor Queen of the Danube Location of Budapest in Hungary Country Hungary County Pest Mayor Gábor Demszky (SZDSZ) Area    - City 525,16 km²  - Land n/a km²  - Water n/a km² Population    - City (2006) 1,695,000  - Density 3570/km... Inhabitants according to official census figures: 1800 to 2005 Vienna in 1858 Vienna (German: Wien ) is the capital of Austria, and also one of the nine States of Austria. ... Zürich (German:   , Zürich German: Züri , in English generally Zurich) is the largest city in Switzerland (population: 366,145 in 2004; population of urban area: 1,091,732) and capital of the canton of Zürich. ...


Dresden has an international airport (Dresden Klotzsche Airport) in the north of the city. The airport is connected by a commuter train line. Scheduled flights are offered to Frankfurt, Munich, Düsseldorf, Vienna and London Gatwick (starts March 2007). Dresden Klotzsche Airport was opened on July 11, 1935, near Dresden, Germany. ... Frankfurt International Airport Frankfurt International Airport (IATA: FRA, ICAO: EDDF), known in German as Rhein-Main-Flughafen or Flughafen Frankfurt am Main, is located in Frankfurt am Main, Germany. ... Munich International Airport (IATA: MUC, ICAO: EDDM), officially named Franz Josef Strauss International Airport (German: Flughafen München Franz Josef Strauß) is located 28 km northeast of Munich, Germany, and is a hub for Lufthansa and Star Alliance partner airlines. ... LTU Airbus A330-200 aircraft at DUS Düsseldorf International Airport (German: ) (IATA: DUS, ICAO: EDDL), is the third largest airport with 16. ... Vienna Schwechat International Airport (IATA: VIE, ICAO: LOWW) (German: Flughafen Wien-Schwechat), located 18 kilometers (11 miles) southeast of Vienna, is the busiest airport in Austria. ... Gatwick Airport (IATA: LGW, ICAO: EGKK) is Londons second largest airport and the second busiest airport in the UK after Heathrow. ...


There is a larger inner harbour in Dresden. The river Elbe waterway connects Dresden with the Hamburg Harbour and Prague. The Midland Canal offers an indirect connection to the Duisport (Duisburg harbour). The River Elbe (Czech Labe , Sorbian/Lusatian Łobjo, German Elbe) is one of the major waterways of Central Europe. ... Hamburg Harbour, or the Port of Hamburg, is a deep water port off the North Sea, on the River Elbe in Hamburg, Germany. ... Duisburg is a German city and port in the western part of the Ruhr Area (Ruhrgebiet) in North Rhine-Westphalia. ...


Dresden is connected by some longer Bundesautobahns: The A 4 to Frankfurt and Cologne, the A 14 is running to Leipzig and Hannover, the A 13 is running to Berlin and the A 17 is running to Prague. The autobahn sign All autobahns The Autobahns are the nationally coordinated freeway system in Germany. ... Cologne (German:   ; Kölsch: Kölle /ˈkœɫə/) is Germanys fourth-largest city after Berlin, Hamburg and Munich, and is the largest city both in the German Federal State of North Rhine-Westphalia and within the Rhine-Ruhr Metropolitan Area, one of the major European metropolitan areas with more than... [] (Sorbian/Lusatian: Lipsk) is the largest city in the Federal State (Bundesland) of Saxony in Germany. ... Map of Germany showing Hanover Hanover (in German: Hannover [haˈnoːfɐ]), on the river Leine, is the capital of the state of Lower Saxony (Niedersachsen), Germany. ...


Facts and figures

The socialist enterprises had been inefficient already before German reunification and were not competitive in the German social market-economy. This collapse of economy caused an unemployment rate of about 18 to 19% in the early 1990s. The rate was lowered to 13 to 15% but is still relatively high today. Nevertheless, Dresden is the city that has developed the most effectively in all of East Germany and has raised its GDP per capita to 31,100 Euro, which is equal to the GDP per capita of some poor West German communities (the average of the 50 biggest cities is around 35,000 Euro) [1]. In the discussion of alternatives in the policy of promoting the weak states of the former GDR, Dresden is often cited as an example of successfully subsidising the better-developed centres and regions. Image File history File links Download high resolution version (2560x1920, 1067 KB) Description: Glass manufacture an automobile production plant owned by German carmaker Volkswagen in Dresden (July 2005) source: created on 27. ... Image File history File links Download high resolution version (2560x1920, 1067 KB) Description: Glass manufacture an automobile production plant owned by German carmaker Volkswagen in Dresden (July 2005) source: created on 27. ... Transparent Factory Transparent Factory is the English name of an automobile production plant owned by German carmaker Volkswagen and opened in 2002. ... Volkswagen (VW) is an automobile manufacturer based in Wolfsburg, Germany. ...


With about 20% of its employees having a university degree [2]and the city being the home of many research institutes, the economy differs from the low-priced subcontracting that is often criticized in East Germany. Nevertheless, Dresden's economy involves extensive public funding. The rate of highly-qualified staff is also high because lower-qualified employable people are often unemployed. Due to its dynamism, among other factors, the economy of Dresden is ranked among the best ten cities in Germany to live in[2].


Enterprises

Three major sectors can be seen as dominating the Dresden economy:

IMA/IABG proceeding inanition test of the Airbus A380
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IMA/IABG proceeding inanition test of the Airbus A380

The semiconductor industry was built up in 1969 around ZMD, which is a joint stock company today. The labour force's knowledge and education in technology, as well as intensive subsidies, has drawn other enterprises and global players such as AMD, Infineon Technologies (now partly owned by Qimonda), and Toppan Photomasks to site some of their production capability in Dresden. Their factories attract many suppliers of material and cleanroom technology enterprises to Dresden. Image File history File linksMetadata Download high-resolution version (1024x732, 284 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Dresden Metadata This file contains additional information, probably added from the digital camera or scanner used to create... Image File history File linksMetadata Download high-resolution version (1024x732, 284 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Dresden Metadata This file contains additional information, probably added from the digital camera or scanner used to create... The ZMD Design Center in Dresden Zentrum Mikroelektronik Dresden AG (ZMD AG) is a semiconductor manufacturer based in Dresden. ... A joint stock company is a type of business partnership in which the capital is formed by the individual contributions of a group of shareholders. ... AMD redirects here. ... Infineon Technologies AG (NYSE: IFX) was founded in April 1999 when the semiconductor operations of parent company, Siemens AG, were spun off to form a separate legal entity. ... Semiconductor Company Qimonda AG is a memory chip semiconductor company based in Munich, Germany. ...


The pharmaceutical sector came up at the end of the 19th century. The Sächsisches Serumwerk Dresden (Saxon Serum Plant, Dresden), which is owned by GlaxoSmithKline, is a world leader in vaccine production. Another traditional pharmacy producer is the Arzneimittelwerke Dresden (Pharmaceutical Works, Dresden). GlaxoSmithKline plc (LSE: GSK NYSE: GSK) is a British based pharmaceutical, biologicals, and healthcare company. ... A vaccine is an antigenic preparation used to establish immunity to a disease. ...


A third (traditional) branch is that of mechanical and electrical engineering. Volkswagen is currently manufacturing its Phaeton car model and the Bentley "flying spur" model at the Transparent Factory. A subsidiary of EADS, the Elbe Flugzeugwerke (Elbe Aircraft Works) is the leading company for rebuilding Airbus passenger aircraft to become freight aircraft. To meet Wikipedias quality standards, this article may require cleanup. ... The Volkswagen Phaeton (pronounced fay-eh-tun) is a large luxury sedan manufactured by Volkswagen. ... Bentleys winged B badge and hood ornament Bentley Motors Limited is a British based manufacturer of luxury automobiles and Grand Tourers. ... Transparent Factory Transparent Factory is the English name of an automobile production plant owned by German carmaker Volkswagen and opened in 2002. ... The European Aeronautic Defence and Space Company EADS N.V. (EADS) is a large European aerospace corporation, formed by the merger on July 10, 2000 of Aérospatiale-Matra of France, Construcciones Aeronáuticas SA (CASA) of Spain, and DaimlerChrysler Aerospace AG (DASA) of Germany. ... Airbus S.A.S. is a leading aircraft manufacturer based in Toulouse, France. ...


See also

// Middle Ages Medieval Germany, lying on the open Central European Plain, was divided into hundreds of contending kingdoms, principalities, dukedoms, bishoprics, and free cities. ...

References

  1. ^ State Office for statistics of the Free State of Saxony: Regional GDPs of 2004
  2. ^ a b Initiative Neue Soziale Marktwirtschaft (organisation of an employer association): Profile of Dresden in the 2006 city ranking


 
 

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