Two other important districts, Neuilly-sur-Seine and Levallois-Perret, are extensions of the Paris business district and of La Defense. Another district, including Boulogne-Billancourt, Issy-les-Moulineaux and the southern part of the 15th arrondissement, is a center of activity for the media and information technology.
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The largest sectors of activity in the central business district were finance and insurance and business services . The district also includes a large concentration of department stores, shopping areas, hotels and restaurants, as well a government offices and ministries.
The large monasteries also played an important role in the growth of commerce in the Middle Ages by holding large fairs, which attracted merchants from as far away as Saxony and Italy. The Paris regional GDP grew steadily by an average of 2.3 percent a year between 1993 and 2007. However, during the recession of 2009, the GDP declined sharply by 4.9 percent, before recovering and growing again. It comes with multiple layers of foam to support you while you snooze on your side, back, and stomach. Plus, the medium-firm mattress is filled with cooling gel, making it breathable and perfect for keeping hot sleepers comfortable throughout the night. The warm glow from this wood-burning option can add ambient charm to a chilly night. And thanks to the two grilling plates, you can cook burgers, steaks, corn, and potatoes over an open flame.
The reign of the old houses was challenged by the arrival of new designers, most notably Coco Chanel who put her own perfume, called Chanel No. 5 on the market in 1920. The weak franc was helpful for the major enterprises of Paris, which converted to making new products which had been developed during the war; automobiles, electric generators and motors, and chemical products.
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French banks have traditionally had their main offices in the center of Paris, not far from the Opera and the Banque de France, the French central bank. The headquarters of BNP Paribas is in the 9th arrondissement on rue Bergére. Société Générale has its registered main office on Boulevard Haussmann in the 9th arrondissement, but has its operational headquarters in Nanterre, in La Defense.
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The Mitterrand government responded with a new wave of nationalizations of major French banks, industrial companies, and manufacturers including Thomson, Saint-Gobain, and Rhone-Poulenc. However, beginning 1986, the Mitterrand government decided to reverse course, and privatized most of the companies it had earlier taken over. Between 1983 and 1986, the unemployment rate passed 10 percent and the number of unemployed grew from 1.9 million to 2.5 million. During the Restoration, Paris became the cradle of the industrial revolution in France. The textile industry had already been installed in the faubourg Saint-Antoine by the firm of Richard and Lenoir, and by Albert in the Faubourg Saint-Denis. In 1812, Benjamin Delessert had built the first refinery of sugar beets at Passy, which became one of the largest industrial enterprises in the Paris region.
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Paris metropolitan area produced US$984 billion at market exchange rates or around 1/3 of the economy of France in 2021 The GDP per capita of the region was €65,200 (US$73,000), the highest in France. The GDP of the Paris Region accounted for 31 percent of the GDP of Metropolitan France. If you don’t have a lot of storage in your bedroom, it might be time to upgrade your bedframe. The faux leather tufted headboard can be adjusted to accommodate up mattresses to 10 inches and is available in sizes full through king. Right now you can get the queen frame on sale for a whopping 72 percent off. Add a touch of sophistication with this minimalist modern sleeper sofa by Serta. Plus, it converts into a twin bed for hosting overnight guests and has racked up over 9,000 five-star ratings from customers thanks to how “beautiful,” “sturdy,” and “easy to assemble” it is.
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A large part of the automobiles of both companies are made outside France. With the surge of industrialization, the importance of banking and finance in the Paris economy also grew. As Stendhal wrote at the time, the bankers were the new aristocracy of Paris. In 1837, Jacques Laffitte founded the first business bank in Paris, the Caisse générale du commerce et de l’industrie. In 1842, Hippolyte Ganneron founded a rival commercial bank, the Comptoir général du commerce.