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Economy of Coruna


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A Coruña is nowadays the richest region of Galicia and its economic engine. There have been various changes in the city's structure over the last few decades—it now shares some administrative functions with the nearby city of Ferrol. Companies have grown, especially in sectors such as finance, communication, planning, sales, manufacturing and technical services, making A Coruña the wealthiest metropolitan area of Galicia. The port itself unloads large amounts of fresh fish, and with the increase in other port activities like crude oil and solid bulk, which make up 75% of Galician port traffic.

In 1975, the clothing company Zara, founded by Amancio Ortega Gaona, opened its first store in the city and has since become a national and international clothing chain.

Inditex, the main textile manufacturer of the world, has its headquarters in the nearby town ofArteixo. A Coruña concentrates the 30% of the GDP of Galicia and in the period between 1999 and 2001 it grew 35%, surpassing Vigo which was traditionally economically stronger. Other important companies of the city are Banco Pastor, Banco Etcheverría (oldest in Spain), Hijos de Rivera Brewery, Novacaixagalicia, R Cable Operator, the Repsol-YPFrefinery, Gas Natural combined cycle power plant, General Dynamics factory, Alcoa andSapa Group aluminium plants and La Voz de Galicia, the main daily newspaper of Galicia. A Coruña is also an important retail center. El Corte Inglés, the main department store chain inSpain, has two centers in the city, one of them in the new commercial area Marineda City, opened in April 2011, the biggest shopping center in Spain, which also includes, among others, IKEA and Decathlon stores, cinemas, an ice rink, a bowling court and a kart circuit. Other hypermarket chains present in the city are Carrefour (two centers), Auchan (known in Spain as Alcampo) and Eroski.

Over the last few years, emphasis has been placed upon better access and infrastructure, especially
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