Economy
Nuremberg for many people is still associated with its traditional gingerbread (Lebkuchen) products, sausages, and handmade toys. Pocket watches — Nuremberg eggs — were made here in the sixteenth century by Peter Henlein. In the nineteenth century Nuremberg became the "industrial heart" of Bavaria with companies such as Siemens and MAN establishing a strong base in the city. Nuremberg is still an important industrial centre with a strong standing in the markets of Central and Eastern Europe. Items manufactured in the area include electrical equipment, mechanical and optical products, motor vehicles, writing and drawing paraphernalia, stationery products, and printed materials. The city is also strong in the fields of automation, energy, and medical technology. Siemens is still the largest industrial employer in the Nuremberg region but a good third of German market research agencies is also located in the city. The Nuremberg International Toy Fair is the largest of its kind in the world. The city also hosts several specialist hi-tech fairs every year, attracting experts from every corner of the globe.
Bandai Germany has its head office in Nuremberg.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)