About Bucharest
Bucharest was first mentioned in documents as early as 1459. Since then it has gone through a variety of changes, becoming the state capital of Romania in 1862 and steadily consolidating its position as the centre of the Romanian mass media, culture and arts. Its eclectic architecture is a mix of historical (neo-classical), interbellum (Bauhaus and Art Deco), Communist-era and modern. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of "Little Paris" (Micul Paris). Bucharest is the 6th largest city in the European Union by population within city limits. Economically, Bucharest is the most prosperous city in Romania and is one of the main industrial centres and transportation hubs of Eastern Europe. The city has a broad range of convention facilities, educational facilities, cultural venues, shopping arcades, and recreational areas. The city proper is administratively known as the Municipality of Bucharest (Municipiul București), and has the same administrative level as a county, being further subdivided into six sectors.
Bucharest is the centre of the Romanian economy and industry, accounting for around 22.7% (2010) of the country's GDP and about one-quarter of its industrial production, while being inhabited by only 9% of the country's population.Almost one third of national taxes are paid by Bucharest's citizens and companies. In 2007, at purchasing power parity, Bucharest had a per-capita GDP of €20,057, or 92.2% that of the European Union average and more than twice the Romanian average. After relative stagnation in the 1990s, the city's strong economic growth has revitalized infrastructure and led to the development of many shopping malls, residential estates and high-rise office buildings.
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