A commercial city with tradition
Leipzig has a long tradition as a commercial city. Located in central Europe, the city has developed into one of the key trade-fair and industrial locations in Germany.
After German reunification, Leipzig built on this tradition and succeeded in once again becoming one of the most important centres of commerce in the East German states. Large production facilities of Porsche and BMW moved to Leipzig, and companies in the communications and information-technology industries also found the city to be a perfect location: the IT company PC-Ware and the national cable network operator PrimaCom are based in Leipzig, for example.
The public broadcaster Mitteldeutscher Rundfunk and many publishing companies have their registered offices here, which has made the city one of the most important media locations yet again. In addition to many smaller film and television productions, one of the biggest German film companies, Kinowelt, is based here. The entire region is also an important centre for the energy industry. Vattenfall operates the Lippendorf power plant south of Leipzig, and not far from there, in Espenhain, is the biggest photovoltaic plant in Europe. Also, the world’s biggest solar power station is currently being developed at a military airport near Leipzig, and the biggest energy exchange in continental Europe, the European Energy Exchange (EEX), is situated in the city.
Over the past few years, Leipzig has developed into an important logistics centre. In the autumn of 2006, the online mail-order company Amazon opened its second, and so far biggest, German logistics centre here. Moreover, Leipzig Airport is now growing into one of the key freight transshipment centres in the world. For example, the Deutsche Post subsidiary DHL started up its new European air cargo hub here, having previously been located in Brussels. This has made Leipzig one of the three biggest DHL transshipment centres, along with Hong Kong and the US city of ilmington.
Source: University of Leipzig