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Warsaw gained the new title of Phoenix City because of its extensive history and complete reconstruction after the severe damage it suffered in World War II, which left over 85% of its buildings in ruins.
It was also ranked as one of the most liveable cities in Central and Eastern Europe.
The city is a significant centre of research and development, BPO, ITO, as well as of the Polish media industry.
The Warsaw Stock Exchange is the largest and most important in Central and Eastern Europe.
In 1747 the Załuski Library was established, the first Polish public library and the largest at the time.
After Jazdów was raided by nearby clans and dukes, a new similar settlement was established on the site of a small fishing village called Warszowa.According to one theory Warszawa means "belonging to Warsz", Warsz being a shortened form of the masculine name of Slavic origin Warcisław; see also etymology of Wrocław.However the ending -awa is unusual for a big city; the names of Polish cities derived from personal names usually end in -ów/owo/ew/ewo (e.g.Once described as Paris of the East, Warsaw was believed to be one of the most beautiful cities in the world until World War II.The German invasion in 1939, the massacre of the Jewish population and deportations to concentration camps led to the uprising in the Warsaw ghetto in 1943 and to the major and devastating Warsaw Uprising between August and October 1944.