Due to its economic output, high standard of living and market size, Madrid is considered the major financial centre of Southern Europe and the Iberian Peninsula; it hosts the head offices of the vast majority of major Spanish companies, such as Telefónica, Iberia and Repsol.
Madrid became the European Capital of Culture in 1992 with a city offering a stunning variety of cultural venues and activities.
Madrid will quickly win you over with its overwhelming museums like the world-famous Prado, museum of 12th-19th century European and Spanish art, or the Reina Sofía Museum of Modern Art, but this would be just the begining.
The former Communication Palace is a monumental building, the seat of Madrid City Council since 2007. Opened in 1909, it was designed and built by Antonio Palacios and Joaquín Otamendi as the headquarters for the Spanish Post Office. In 1993, it was declared an Asset of Cultural Interest (BIC) in the Monument catego.ry
Away from the bustle, the city has building restrictions to protect old neighborhoods.
With more than 30,000 restaurants, cafés an bars listed in Madrid dining options are among the best anywhere. Modern gastropubs, stylish international restaurants and traditional tapper bars offer food from all over Spain and around the world. The visitor will also find dining out is relatively inexpensive for a major European city.
No matter what the weather dinner outside in the plaza is preffered to a table inside.
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