Startups turn German Cold War death strip into economic hub
Lure of startup scene also attracts MNCs to the area to link up with digital industry
Berlin
WHEN Oliver Feucht-Zwerger left Berlin in 2011 to work in Switzerland, the area around Ostbahnhof, once a Cold War death strip, was mostly empty lots and parking spaces. The neighbourhood is now bustling with new business.
On a recent day in May, Mr Feucht-Zwerger was among a group of hip-looking professionals walking out of a brand-new office building where online retailer Zalando SE employs about 8,000 people. Nearby, travel search engine Kayak Software Corp and video game developer Yager Development GmbH occupy large loft offices.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong faces uphill battle to lure back Chinese tourists
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April
China travel surges for May holiday but consumers remain wary
Macau casinos remain resilient in April as consumers seek fun