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In 2020, the government used 2.5 million people as the basis for pandemic reports. Adding the satellite towns around the urban area, the proposed metropolitan area of Bucharest would have a population of 2.27 million people. Īccording to the 2011 census, 1,883,425 inhabitants live within the city limits. As for the past two consecutive years, 20, Bucharest ranked as the European destination with the highest potential for development according to the same study. In 2017, Bucharest was the European city with the highest growth of tourists who stay over night, according to the Mastercard Global Index of Urban Destinations. In 2016, the historical city centre was listed as 'endangered' by the World Monuments Watch. Since 2019, Bucharest hosts the largest high tech summit in Southeast Europe (Romania Blockchain Summit). UiPath, a global startup founded in Bucharest, has reached over $35 billion in valuation. It is one of the fastest-growing high-tech cities in Europe, according to the Financial Times, CBRE, TechCrunch, and others. In recent years, the city has been experiencing an economic and cultural boom. Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and even Nicolae Ceaușescu's program of systematization, many survived and have been renovated. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of 'Paris of the East' ( Romanian: Parisul Estului) or 'Little Paris' ( Romanian: Micul Paris). Its architecture is a mix of historical (mostly Eclectic, but also Neoclassical and Art Nouveau), interbellum ( Bauhaus, Art Deco and Romanian Revival architecture), socialist era and modern. It became the capital of Romania in 1862 and is the centre of Romanian media, culture, and art. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than 60 km (37.3 mi) north of the Danube River and the Bulgarian border.īucharest was first mentioned in documents in 1459. Bucharest ( UK: / ˌ b uː k ə ˈ r ɛ s t/ BOO-kə- REST, US: / ˈ b uː k ə r ɛ s t/ -⁠rest Romanian: București ( listen)) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre.