After suffering from the effects of plague and fire in the 18th century, the city underwent a period of redevelopment.This included construction of the prestigious district of Frederiksstaden and founding of such cultural institutions as the Royal Theatre and the Royal Academy of Fine Arts.On Absalon's death, the property was to come into the ownership of the Bishopric of Roskilde.As the town became more prominent, it was repeatedly attacked by the Hanseatic League.The remains of an ancient church, with graves dating to the 11th century, have been unearthed near where Strøget meets Rådhuspladsen.
The original designation, from which the contemporary Danish name derives, was Køpmannæhafn, meaning "merchants' harbour", often simply Hafn or Havn ("harbour").
Copenhagen's economy has seen rapid developments in the service sector, especially through initiatives in information technology, pharmaceuticals and clean technology.
Since the completion of the Øresund Bridge, Copenhagen has become increasingly integrated with the Swedish province of Scania and its largest city, Malmö, forming the Øresund Region.
Since the turn of the 21st century, Copenhagen has seen strong urban and cultural development, facilitated by investment in its institutions and infrastructure.
The city is the cultural, economic and governmental centre of Denmark; it is one of the major financial centres of Northern Europe with the Copenhagen Stock Exchange.
The Copenhagen-Ringsted Line will relieve traffic congestion.