MadridThe city is located on the river Manzanares in the center of the country, between the autonomous communities of Castile and Leon and Castile-La Mancha. Due to its economic output, standard of living and market size, Madrid is considered the major the financial center of the Iberian Peninsula. It hosts the head offices of the vast majority of the major Spanish companies, as well as the headquarters of three of the world's 100 largest companies (Telefonica, Repsol,Endesa). As the capital city of Spain, seat of government and residence of the Spanish monarch, Madrid is also the political center of Spain.
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