Abstract
Europe has long been a major trading and financial center. The formation of these areas as financial centers is primarily based on the historical geographical location of the cities in which they are located. Due to the development of the financial sector, the main financial centers currently located in Europe are London, Zurich, Luxembourg, Geneva, Frankfurt and Tallinn. This article analyzes the history of development of Zurich and Geneva financial centers and the general features of their current activities, development trends. Key words: Zurich, Geneva, financial center, European Union
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