Malmö is a city of modern buildings. The past is represented here only through Gamla Stade, which is the Old Town. A central part of the city is filled with architectural monuments and buildings. One of the sights of the city is the 190-meter residential building "Turning Torso". Thanks to smart city management and carefully implemented plan, the local authorities have managed to transform a poor working-class town into a real knowledge base. The former industrial district Västra Hamnen area (Western Harbor) has been also transformed to meet the city demands. The main contributing factor to the thriving economy rise was the economic integration with Denmark brought after the construction of Oresund Bridge. The economics of this region is based on private business companies that carry the lion's share of income to the city budget. Being claimed as university-city, Malmö is filled with smart and inspired students eager to create innovations. Moreover, the city is a magnet for the largest national and international companies offering favourable conditions of business development and numerous advantages. Such giant companies as Mercedes Benz, Panduro, IKEA, Peugeot, Hexpol, Britax, and many others have their representative offices in Malmö.