Cologne Economic Region
Business location Cologne
With more than one million inhabitants and its status as a carnival stronghold located right at the heart of the Rhine-Ruhr economic region, Cologne is not only Germany’s fourth-largest city but also one of Germany’s most important real estate markets with distinctive local color.
As a business location, Cologne is particularly characterized by its constant, above-average population growth trend, dropping unemployment rate and a comparably high purchasing power index. Cologne is also a university town, giving it a large population of highly qualified skilled workers. The businesses that form the foundation of Cologne as a growth region appreciate these advantages. More than 37,000 incorporated companies create a productive mix of large and small German and international businesses. The city’s service sector comprised of retailers, insurance companies, finance firms and companies from the automobile industry is the corner stone of the Cologne economy. Cologne is also home to media companies such as RTL and WDR, making the city one of Germany’s most important media locations.