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Concept
Economy of Dresden
Summary
The economy of Dresden and the Dresden agglomeration is one of the most dynamic in Germany, and includes high-tech and applied research.
Many of the industries that made Dresden rich before the Second World War and disappeared under communism have resettled in the city including the optical industry and the high quality foodstuffs industries. An international famous example is the Dresdner Bank that left in the 1950s to avoid, like many other enterprises, its nationalization. Other branches like the microelectronics and aircraft construction came up in the 1960s. Dresden became a centre in the allocation of the former socialist combines that were centrally planned on the one side and had disposal of regional subunits of nationally-owned enterprises.
Dresden is connected in the InterCityExpress and EuroCity train network. Direct lines are running to Berlin, Prague, Frankfurt, Hamburg, Budapest and Vienna. CityNightLine trains are also running to Zürich and Amsterdam among other cities while a EuroNight train serves the Berlin-Dresden-Budapest line.
Dresden has an international airport (Dresden Airport) in the north of the city. The airport is connected by a commuter train line. Scheduled flights are offered to Frankfurt, Munich, Düsseldorf, Vienna and Moscow. Furthermore, there are a lot of touristic flights especially to the Mediterranean Regions.
There is a larger inner harbour in Dresden. The river Elbe waterway connects Dresden with the Hamburg Harbour and Prague. The Midland Canal offers an indirect connection to the Duisport (Duisburg harbour).
Dresden is connected by some longer Bundesautobahns: The A 4 to Frankfurt and Cologne, the A 14 is running to Leipzig and Hannover, the A 13 is running to Berlin and the A 17 is running to Prague.
The socialist enterprises had been inefficient already before German reunification and were not competitive in the German social market economy. This collapse of economy caused an unemployment rate of about 18 to 19% in the early 1990s.
Official source
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