Milan, the Lombardy regions headquarters in northern Italy, is the countrys wealthiest metropolis. Surat - City Of Sun. Cologne, Dortmund, and other cities in the region have been key commercial hubs since the Middle Ages, but Dsseldorf has surpassed them all as the administrative center and political capital of the region since 1945. Subscribe to our Newsletter for Latest Updates So you don't Miss out anything. About 59.5% of the workforce in the area is employed in trade, transportation, and services; 26.9% in government; 8.2% in manufacturing; 5.2% in the building trades; and 5.25% in agriculture. The cannabis industry is very new, yet it has already contributed to the rapid expansion of the citys economy. At around 88%, the citys employment rate is above average. The economy of Paris heavily relies on commerce, services, transportation, construction, and industry. You are already subscribed to our newsletter! Beijing - the billionaire capital of China Banks and financial institutions contribute significantly to the citys GDP. In todays guide, we will be taking a brief look at the richest European cities right now and all you need to know. Cities may be defined as the cities proper, . In addition to being regarded as the worlds financial hub, Tokyo is also known as the home of invention and innovation, as well as anime, manga, and, of course, robots. These cities also happen to be among the most populous worldwide. Despite being a manufacturing hub for the worlds most famous vehicles, Los Angeles's economy heavily relies on the entertainment industry, with a sharp focus on TV, motion pictures, music, and interactive video games. The Gross Domestic Product (GDP) is the most comprehensive quantitative assessment that can be taken of a whole citys economic activity. Their port, the biggest container port in the world, contributes significantly to the total money they bring in. We can offer a 5% discount for our readers using the button below. The Amsterdam metropolitan area encompasses the area immediately surrounding Amsterdam, the Netherlands capital. In 2011, Madrid, Spains metropolitan area had a gross domestic product of 124,780M. Berlins banking district, home to several big banks, rose to prominence after the year 1900 and became a major continental financial center. AT & T, Walgreens, Abbott Labs, the CTA, Walmart, and Allstate Insurance, amongst other businesses, are major city employment drivers. Tuko.co.ke shared an article on the top 15 cleanest cities in Africa 2020. London is recognized as one of the most important global economic hubs. Visakhapatnam - Industrial Port Of India. Dublin Port handles a sizable amount of Irelands import and export trade and is the epicenter of the countrys transportation network. The city of Los Angeles makes effective use of employment training programs as well as development initiatives. In. In 2021, the average gross wage was 47,544, or 9.29% more than the average gross salary in Germany. Another trillion-dollar GDP city is New York City in the United States. Unemployment and a waning economy have meant the citys number one position is under serious threat. Shanghai started as a fishing village and market town. Some of these cities have so much wealth that they are significant economies on their own and are even more remarkable than some national economies. There are also sizable business districts in the neighborhoods of Issy-les-Moulineaux (home to numerous media businesses), Boulogne-Billancourt, and Saint-Denis. Whats The Richest Area In Europe In 2022? With a combined GDP of $835 billion and $822 billion, London and Paris are the two largest and wealthiest cities in Europe. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. Madrid, Spains capital since the 16th century, has traditionally been more of a consumer hub than a producer or trader hub. View from Mount Fuji of Chureito Pagoda, outside of Tokyo. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Osaka is known as a hub of learning owing to the numerous colleges of high grades located in the city, such as Osaka University and Kansai University.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-large-leaderboard-2','ezslot_4',134,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-large-leaderboard-2-0'); As a result, Osaka draws enterprises that are creative and inventive. The historic Ukrainian capital is the urban beacon of courage and resilience leading a defiant nation against a murderous aggressor. 4. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. Carlos Slim Helu 8. The Gross Domestic Product (GDP) of Milan and Lombardy in 2017 was $493.3 billion and 650 billion, respectively. It also serves as one of the richest places in the world, with a GDP of $866 billion. With a total metropolitan GDP of $177 billion in 2009 (or $34,821 per person, or 44% more than the EU average), Barcelona ranked fourth in the EU and 35th in the world by gross domestic product. @2020 - All Right Reserved. The success of these companies have made some of them cross the $1 trillion threshold, while the owners have made tens of billions of dollars, some even crossing a hundred billion in net worth . Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. The policy covers us for theft, medical expenses up to $10m USD, cancellation and Covid-19 coverage. Elon Musk 3. Today, Moscow has a GDP of $604 billion. The 2011 GDP per capita was 74% higher than the national average and 70% higher than the average of the other 27 EU member states. Osaka-Kobe is the second-most populated urban region in Japan. Check your inbox to be the first to know the hottest news. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over. Angela Weiss/AFP/Getty Images The world's most expensive cities 1. This comprises the rapidly developing sectors of FinTech, which stands for financial technology. Socit Gnrale, the worlds fourth largest bank, is headquartered in Paris and operates out of the La Defense business district. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. The Financial Capital of India, Mumbai, tops the list with an estimated GDP of $310 billion. It first became a city in 1837 and grew in the mid-19th century to become one of the most populated cities in North America. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. The Culver City/Playa Del Rey zone are now referred to as Silicon Beach, with Google, and other tech giants migrating from the pricey digs of Palo Alto to less costly SoCal alternatives. Via Montenapoleone, the most expensive street in Europe, and the Borsa Italiana, the countrys stock exchange, are both located in the heart of the city. Pastor Chris Oyakhilome - ($50 Million) Richest Pastors In The World (2021) & Their Net Worth. The six factors scrutinized are: economy, research and development, cultural interaction, livability, environment, and accessibility. Over 5 million people make this urban center one of the largest in Europe and the most populous along the Mediterranean coast. While there are many ways of assessing the countries in Africa, We relied on the purchasing Gross Domestic Product from 2020 to compile the wealthiest African countries in the year 2021. . A large number of businesses left the city for West Germany after World War IIs end in 1945 and the subsequent political divides because of its location in East Germany. See all of our readers' favorite hotels, cities . When a new municipality outside of Paris reaches the minimum number of commuters, it is considered part of the Paris metropolitan area. There will reportedly be 2,073,459 people living there by 2022. But are most of their bank accounts pretty fat? Tokyo is the city with the highest per capita income in the world. Every year for our World's Best Awards survey, T+L asks readers to weigh in on travel experiences around the globe to share their opinions on the top hotels, resorts, cities, islands, cruise . New York. Top 10 most modern cities in Africa in 2020. The GDP per resident of Milan is around 49,500 (US$55,600), making it one of the wealthiest regions in Italy. Osaka has been recognized throughout Japanese history as an important financial hub. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Based on the cost of living, Milan was ranked as Europes most expensive city in 2015, surpassing Stockholm and Munich. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. Furthermore, the city is home to many financial and service industries, high-tech, and information and communications. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. It is the richest place in the world, with a GDP of $1,790 billion. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-medrectangle-4','ezslot_2',120,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-medrectangle-4-0'); The Rhine-Ruhr metropolitan region is the center of Germanys industrial and commercial activity. According to the Brookings Institution, in 2011, the Paris metro area has the largest economy in Europe and the fourth largest in the world. Your email address will not be published. Washington DC is the capital city of the United States of America and the seat of the United States Federal Government and international organisations. London is closely followed by the usual suspects of Paris and New York. 25. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); I'm a travel expert with vast experience in the traveling industry, couple with hands on experience about the globe. Moscow is one of the largest and wealthiest cities in the world. In our new study we explore the wealthiest cities in the world for 2021, with a special spotlight on the wealthiest cities in the Middle East and Africa. Britain was second with 120 billionaires, and Switzerland was third with 111. Tanatat Pongpibool/Getty Images. As the EUs largest cross-border metro region, it has considerable economic and political clout. Growth Domestic Product (GDP) is a crucial indicator of how much wealth a city possesses. With more than 20 million tourists coming through the city every year, the tourism industry is another sector that brings in vast amounts of money for the City of London. For example, it has many trading houses, specialised trading companies, and department stores. Beijing is the capital of the People's Republic of China and the most populous national capital city in the world. The Barcelona Stock Exchange, also known as Borsa de Barcelona, is the most important exchange on the Iberian Peninsulas northeastern coast. Canada moves from ninth to 23rd place. Companies that work in information technology and biotechnology contribute to the overall variety. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. The top ten richest cities based on GDP include: Another way that the richest cities in the world can be measured is through the total wealth of its residents. The business has been practiced in Barcelona for centuries. Because there is such a significant concentration of high-tech firms in Seoul, it is sometimes referred to as the most connected city in the world.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-leader-3','ezslot_12',136,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-leader-3-0'); if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-leader-4','ezslot_13',175,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-leader-4-0'); It should be no surprise that the tourism industry makes up a significant portion of Pariss economy. Riyadh in Saudi Arabia, Sharjah and Dubai in the United Arab Emirates, Lusaka in Zambia, and. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Hong Kong 2. John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 largely through his ownership of Standard Oil. The entertainment industry, international commerce, gambling, tourism, fashion industry, and several other sectors are vital to the success of Los Angeles economy. GDP- $1,732 Billion. 3. Top 25 Best And Smartest Robots In The Top 15 Fastest Motorcycles In The World 2023, Top 10 Most Beautiful And Amazing Desert Oasis In The World, Top 25 Amazing Places To Visit Before You Die, Top 10 Richest Billionaires Men In Zimbabwe, Top 10 Most Women with the Most Attractive Figure, Top 15 Most Famous Celebrities From Newyork, Top 20 Most Watched News Channels In The World, Top 10 Best Juice Brands In The World (Updated), 15 Best Shampoo Brands In The World 2023 (Top Highest Selling). The city of Madrid, Spain, is at the heart of the Madrid Metropolitan Area, a single-center metropolis in the geographical center of the Iberian Peninsula. By 2025, the city's GDP would have [] Read Also:50 Richest Countries In Europe By GDP. Financial and publishing services were developed to meet the needs of the citys expanding population, which included the royal family and the national government. Natural gas exports helped the Netherlands see a dramatic increase in GDP in the decades that followed. The Ruhr region has been home to significant manufacturing since the dawn of the industrial age in the late 19th and early 20th centuries. This city has a population size of over 24 million and is designated by the Chinese government as a "Free Trade Zone". The city first became a financial muscle in the early 1800s. Luxembourg A small European country that shares a border with France, Belgium, and Germany. A GDP per worker 132% above the EU average was achieved. To be more explicit, gross domestic product is the sum of the monetary or market worth of all completed products and services produced inside a nations boundaries within a certain period. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Telefnica, Iberia, Prosegur, BBVA, Urbaser, Dragados, and FCC are just a few of the major companies that are hiring. After all, Paris is one of the most popular tourist destinations in the world since it is known as the city of love and art. TOP 10 RICHEST CITIES In The World 2021 31,195 views Jan 2, 2021 579 Dislike Share Uncover 32.3K subscribers Over the past decades, countries have been getting richer. We and our partners use cookies to Store and/or access information on a device. Furthermore, the metropolis serves as a hub for Japans publishing, broadcasting industries, and transportation. The city performed well in the nightlife category but also won praise for its commitment to traffic calming and creating community space. I love exploring the world and I'm ready to relate my experience to others who are in the quest to know more. Continue with Recommended Cookies. Furthermore, the city has become a global centre for innovation and finance and a national focal point for commerce, transportation, and trade. With this in mind, Canadian consultancy film Resonance, which has offices in Vancouver, Montreal, Singapore and New York, has published its annual report ranking 100 cities with populations of over one million. Kia, Daewoo, and Hyundai are three other corporations essential to Seouls economys prosperity.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-large-mobile-banner-2','ezslot_10',122,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-large-mobile-banner-2-0'); The Korea Exchange on Yeoui Island serves South Koreas version of Wall Street. It has a GDP of $1,732 billion as of 2021. 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Recent years have seen a significant increase in the amount of foreign investment flowing into Spain, and Madrids comparative advantages have been crucial in attracting this capitals share of this money. Tokyo is the largest city in Japan and is also the wealthiest, with a GDP of $1.52 trillion. 15 poorest countries in Europe with the lowest GDP in 2021. Pressure Lamp, 6 Other Symbols of Rich Families in the 90s and Early 2000s. That's one takeaway from the latest. At 33.809, Madrids GDP per capita is 35% more than the rest of Spain. 3rd Largest City in the US (https://www.youtube.com/watch?v=Asw4NOHXBDQ), https://www.youtube.com/watch?v=o70MzTHHNbI, Seoul South Korea 4K .City Sights People (https://www.youtube.com/watch?v=o70MzTHHNbI), https://www.youtube.com/watch?v=-ohLLf4-cgk, Paris, France January 2022 4K 60fps -HDR Walking Tour (1.5 hour) (https://www.youtube.com/watch?v=-ohLLf4-cgk), https://www.youtube.com/watch?v=I4CvgVuDbzw, London City Tour 2022 | 4K HDR Virtual Walking Tour around the City | London Winter Walk 2022 (https://www.youtube.com/watch?v=I4CvgVuDbzw), https://www.youtube.com/watch?v=vGGL7X_s4AQ, Los Angeles, USA by drone [4K] (https://www.youtube.com/watch?v=vGGL7X_s4AQ), https://www.youtube.com/watch?v=u8mcpHkfE3o, Tokyo in 2022 | japan-guide.com (https://www.youtube.com/watch?v=u8mcpHkfE3o), https://www.youtube.com/watch?v=FjU_x1106pg, MANHATTAN | NEW YORK CITY NY , UNITED STATES A TRAVEL TOUR UHD 4K (https://www.youtube.com/watch?v=FjU_x1106pg), Top 10 Best Electric Wire Cable Manufacturing. Wherever you decide to live, work or visit, make sure you have travel insurance.We've used several providers over the years and are now covered by an annual multi-trip policy from Heymondo. Over the last several years, the city has become a hub for American IT companies (in the neighborhood of 550) along biotech and environmental technology firms. The Essen-based E.ON AG, the Bonn-based Deutsche Post AG, the Dsseldorf-based Metro AG, the Bonn-headquartered Deutsche Telekom AG, the Essen-headquartered ThyssenKrupp AG, the Essen-headquartered RWE AG, the Essen-headquartered Bayer AG, the Essen-headquartered Evonik Industries, the Essen-headquartered Hochtief AG, and the Dsseldorf-headquartered Henkel Group all call this area home. The city is poised to benefit from the range of new infrastructure constructed for the Olympics which will no doubt come in handy in the future. Los Angeles is the second-most populous urban region in the United States. Most of the cleanest cities in Africa have put up policies governing littering and pollution which have, in turn, made sure the places are as tidy as possible. Some of its industries include finance, education, scientific research, and public policy. The Netherlands is currently responsible for almost 25% of all natural gas reserves in the European Union. London 5. Los Angeles is home to many car manufacturers, including Honda, Mazda, Hyundai, Suzuki, and Mitsubishi. London has an overall clean city score of 74.94 and an Environmental Performance Index score of 79.89. China, with 12,556 USD per inhabitant, only reaches 79th place. In the 2019/2020 fiscal year, its GDP per citizen was predicted to reach $57,101, making it one of the highest-earning countries in the world. New York. Many of the richest suburbs also have very expensive homes. 2. Some of these companies are as follows: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, and Morgan Stanley. One factor that has made some cities grow is that they have large populations of people willing to spend more money, thus attracting more business investments and government spending. Its boundaries are unclear because they are not tied to any form of governmental delimitation. Several industries, including health care, tourism, real estate, technology, publishing, fashion, journalism, and insurance, all significantly contribute to New York Citys economy. However, in recent years, this sectors growth has slowed and is gradually replaced by others, including financial services, trade, information technology, real estate, and commerce. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. They use 25 factors grouped into six categories covering a range of criteria including climate, access to outdoor space, education and work prospects, population diversity, leisure options and even social media popularity. Top 10 Lists of the people, things, places, most expensive, animals, most popular, luxury and high rankings of world. Moscow is also a wealthy city because it ranks among the top ten cities with the highest number of billionaires. Interactive map. The GDP determines how wealthy a city is, and the higher the GDP, the wealthier the city. While there are affluent areas all across the country, most of the very richest . 2023 HONORARY BEST CITY. The top ten richest cities in the world based on private wealth include: Silicon Valley, California, United States. Based on its economic potential, FDI Magazine named Barcelona the Southern European City of the Future for 2014/15. Even more impressive is the fact that, as of 2009, Barcelona ranked as Europes fourth greatest business metropolis and the continents fastest-improving city, with annual growth improvements of 17%. The population density is 2,800 people per square kilometer. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Tokyo is the most populous city of Japan and the political and economic centre of the country. Also, the metropolitan area is home to the largest petrochemical manufacturing companies, including fertilisers, insecticides, and synthetic rubber. The GDP of Tokyo is $1.52 trillion. New York 3. As a result of its current status as a hub for numerous industries, including the arts, sciences, finances, publishing, culture, innovation, education, business, and tourism, the city of Munich ranks highly in surveys measuring both standards of living and quality of life. Furthermore, London has the highest concentration of higher education centres in Europe and has the world's most expensive office market. The Ruhr is a polycentric urban area in North Rhine-Westphalia, Germany. Some of its most significant industries include manufacturing, publishing, printing, and food processing. Which is the cleanest city in the world? Before the advent of Covid, Chicago had around 55 million visitors in 2017. In 2018, a UN study suggested that 55% (4.2 billion people) of the worlds population lived in urban areas. Furthermore, the city is the world's billionaire capital, ranking first on the list of cities with the most billionaires. With a net worth of $304 billion, Elon Musk is the wealthiest in the world. Canary Wharf, HSBC, and Barclays are three of Londons most significant financial powerhouses.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-leader-2','ezslot_11',176,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-leader-2-0'); In addition, it serves as the headquarters location for around three-quarters of the worlds Fortune 500 corporations. In addition, Paris is the headquarters of several Fortune Global 500 corporations, including BNP Paribas, Peugeot, CNP Assurances, SNCF, and Vivendi, amongst others. This year, the Ukrainian capital of Kyiv was named the 2023 honorary worlds best city in recognition of the citys and the wider countrys courage and resilience in the face of Russias invasion. The Rhine-Ruhr metropolitan area is broken up into three distinct areas, and each of these regions contributes to the overall gross domestic product of the Rhine-Ruhr metropolitan area. Denmark, Iceland, Singapore, Australia and Qatar round up the top ten nations. 50 Richest European Cities By GDP Per Capita [2023 Ranking], 4. The Small Business Improvement Fund, the Chicago Recovery Grant, the Special Service Area Program, Tax Increment Financing, and several other programs are included in these projects. Tokyo was originally a fishing village in the 1600s but grew up to become the most populated city globally by the mid-18th century. It is also a city with a solid industrial presencealthough it was once one of the most formidable manufacturing competitors, manufacturing now accounts for around 10 percent of the economys income. Porta Nuova is the wealthiest neighborhood in all of Europe, with a 2016 GDP of 257 billion ($308 billion), which is roughly the same as the GDP of the Philippines, the worlds 34th wealthiest country. This proportion is projected to increase to 68% by 2050. Seoul is the most populous city in South Korea and forms the country's cultural, commercial, financial, industrial, and residential centre. Tokyo in Japan is Asias highest-ranked city in fourth place moving up two places from last year and the safest metropolis on the planet. GDP per capita: $18,236. Read Richest Countries in the world. Its central location on the peninsula makes it an important node in the peninsulas long-distance transportation networks. Even though it only covers a small percentage of the total land area, Berliner Umland is home to the great majority of the regions people. Tokyo, Japan. The city rakes in about P19.775 billion pesos where most of which comes from its large sardine industry. New York is the most populous city in the United States and the second-wealthiest city globally. Through various employment training programs, the Private Industry Council helps foster the local economys growth.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-narrow-sky-1','ezslot_18',677,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-narrow-sky-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-narrow-sky-1','ezslot_19',677,'0','1'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-narrow-sky-1-0_1');.narrow-sky-1-multi-677{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. Determining the richest city in the world can be tricky. On the other hand, it has shifted its focus in recent years to other economic pursuits that are more lucrative, such as banking, high technology, and insurance, to mention just a few examples. One of the richest cities in the Philippines is found in Mindanao. Today, Shanghai is Asia's commercial and financial hub and a significant player behind Chinas booming economy. These are the only two cities with trillion dollar economies. More than 530,000 people, or 37.7% of the citys total population, were born outside of the United States. Owing greatly to the exportation of oil and better management than most African countries. The consent submitted will only be used for data processing originating from this website. Also, Barcelona is ranked number thirteen on the Innovation CitiesTM Global Index by the same group, the Innovation Analysts 2thinknow. As of 2021, it has a GDP of $479 billion. Weve used several providers over the years and are now covered by an annual multi-trip policy from Heymondo. London is ranked second with $2.7 billion in private wealth. This is a list of cities in the world by gross domestic product (GDP). Despite its reliance on the service industry, Madrid is nevertheless Spains second largest industrial hub (after Barcelona), with a focus on high-tech manufacturing. 2 . In its simplest term, the GDP of a region (such as country or city) is defined as the prices of goods and services produced within that area. However, the reports authors believe the city continues to draw talent and visitors en masse and will eventually weather the storm and even emerge stronger. Yes, theyve been hobbled over the past 18 months, exposing the long-ignored foundational and institutional problems that manifested on their streets and in their hospitals and seniors homes. The INSEE metropolitan area statistics for Paris as of 2022 include 1,929 separate communities. The richest area currently in Europe is London and Paris with a total economic output of $835 billion and $822 billion, respectively. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Dublin has the highest per-person income, at $115,094. Advertisement. Wealth tends to gravitate toward wealth. The Amsterdam Metropolitan Area Central Administration is in charge of the regions administration (BKG).
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