Geneve (Switzerland)

Geneva is the second most populous city in Switzerland (after Zürich) and is the most populous city of Romandy, the French-speaking part of Switzerland. Situated where the Rhône exits Lake Geneva, it is the capital of the Republic and Canton of Geneva.

The municipality has a population of 197,376, and the region (which is essentially the city and its inner-ring suburbs) has 482,545 residents. This area is essentially spread east from Geneva towards the Riviera area (Vevey, Montreux) and north-east towards Yverdon-les-Bains, in the neighbouring canton of Vaud.

 

Geneva is a global city, a financial center, and worldwide center for diplomacy due to the presence of numerous international organizations, including the headquarters of many of the agencies of the United Nations[3] and the Red Cross. Geneva is the city that hosts the highest number of international organizations in the world.

Geneva was ranked as the world's ninth most important financial centre for competitiveness by the Global Financial Centres Index, ahead of Frankfurt, and third in Europe behind London and Zurich. A 2009 survey by Mercer found that Geneva has the third-highest quality of life of any city in the world (behind Vienna and Zurich for expatriates; it is narrowly outranked by Zurich). The city has been referred to as the world's most compact metropolis[citation needed] and the "Peace Capital". In 2009 and 2011, Geneva was ranked as, respectively, the fourth and fifth most expensive city in the world.

 

Economy


Geneva's economy is mainly services oriented. The city has an important and old finance sector, which is specialised in private banking and financing of international trade.

Geneva hosts the international headquarters of companies like JT International (JTI), Mediterranean Shipping Company, Vitol, Gunvor, Merck Serono, SITA, Société Générale de Surveillance, STMicroelectronics, and Weatherford International. Many other multinational companies like Caterpillar, DuPont, and Cargill have their international headquarters in the city; Take Two Interactive, Electronic Arts, INVISTA, Procter & Gamble and Oracle Corporation have their European headquarters in the city.

There is a long tradition of watchmaking (Baume et Mercier, Charriol, Chopard, Franck Muller, Patek Philippe, Gallet, Jaeger-LeCoultre, Rolex, Universal Genève, Raymond Weil, Omega, Vacheron Constantin, Frédérique Constant, etc.).

Two major international producers of flavours and fragrances, Firmenich and Givaudan, have their headquarters and main production facilities in Geneva.

The private sector is organized in different Union of employers, including the Fédération des Entreprises Romandes Genève (FER Genève) and the Fédération des métiers du bâtiment (FMB).

Around 22 500 people work in the numerous offices of international organisations located in Geneva.

The Geneva Motor Show is one of the most important international auto shows. It is held at Palexpo, a giant convention centre next to the International Airport.

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