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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 big convention facilities, educational institutes, cultural venues, traditional "shopping arcades", and recreational areas.Under subsequent rulers, Bucharest was established as the summer residence of the royal court.During the years to come, it competed with Târgoviște on the status of capital city after an increase in the importance of southern Muntenia brought about by the demands of the suzerain power – the Ottoman Empire.On 23 March 1847, a fire consumed about 2,000 buildings, destroying a third of the city.

The Romanian name București has an uncertain origin.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).Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and above all Nicolae Ceaușescu's program of systematization, many survived.From top, left to right: Colțea Hospital panorama • Romanian Athenaeum • Victory Avenue • Lipscani district, view towards Caru' cu bere and Stavropoleos Monastery • Palace of Justice • CEC Palace • National Bank of Romania • Floreasca park, on the banks of the Dâmbovița River, less than 60 km (37.3 mi) north of the Danube River and the Bulgarian border.Bucharest was first mentioned in documents in 1459.

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