In the past few decades archaeologists excavated medieval ruins (that of the Romanesque basilica and the mausoleum of St. Stephen of Hungary) that can be visited now.
At the end of the Socialist regime, all important factories were on the verge of collapsing (some eventually folded) and thousands of people lost their jobs. However, the city profited from losing the old and inefficient companies as abundance of skilled labor coupled with excellent traffic connections and existing infrastructure attracted numerous foreign firms seeking to invest in Hungary and Székesfehérvár became one of the prime destinations for multinational companies setting up shop in Hungary (Ford and IBM are some of them), turning the city into a success story of Hungary's transition into a market economy. A few years later Denso, Alcoa, Philips, and Sanmina-SCI Corporation also settled down in the city
