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About Bucharest
Bucharest
is the industrial and financial centre of
Romania. It is the largest city in the country, situated in the
southeast and is home to app. 2.6 million people. Romanian legend
has it that the city was founded on the banks of the Dambovita River
by a shepherd named Bucur, whose name literarily means "joy."
In the 15th century, the princely court of Vlad Tepes (thought to
have been the inspiration for Bram Stoker's Dracula) was established
here and by the end of the 17th century, the city had become the
capital of the province of Walachia.
In 1862,
Bucharest became the capital of Romania.
The city´s architecture is a mix of historical (neo-classical),
interbellum (Bauhaus and Art Deco), Communist-era and modern. In the
period between the two World Wars, the city was nicknamed the
"Little Paris of the East". The city even has its own Arc de Triomphe.
Another remarkable building is Nicolae Ceausescu's Parliament Palace
(formerly called the People's Palace), which with 350.000 square
meter is the world's second largest building after the U.S.
Pentagon. Although many buildings and districts in the historic
centre were damaged or destroyed by war, earthquakes and the
communist program of systematization, many survived.
Economically, the city is the most prosperous in Romania and is one
of the main industrial centres and transportation hubs of Eastern
Europe. It accounts for about 15% of the country´s GDP and about
one-quarter of its industrial production, while being inhabited by
only 9% of the country's population. The city's strong economic
growth has revitalised infrastructure and led to the development of
many shopping malls and modern residential towers and high-rise
office buildings.
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