Munich is the capital and most populous city of the second most populous German federal state of Bavaria. The city is a major centre of art, technology, finance, publishing, culture, innovation, education, business, and tourism in Germany and Europe and enjoys a very high standard and quality of living. Munich is home to many universities, museums and theatres. Its numerous architectural attractions, sports events, exhibitions and its annual Oktoberfest attract considerable tourism. Munich is one of the most prosperous and fastest growing cities in Germany.