Vilnius has been rapidly transforming, emerging as a modern European city. The majority of its historical buildings during the last 25 years had been renovated, and a business and commercial area is being developed into the ''New City Centre'', that is expected to become the city's main administrative and business district on the north side of the Neris river. This area includes modern residential and retail space, with the municipality building and the  Europa Tower as its most prominent buildings. The construction of Swedbank's headquarters is symbolic of the importance of Scandinavian banks in Vilnius. The building complex Vilnius Business Harbour was built in 2008, and one of its towers is now the 6th tallest building in Lithuania. More buildings are scheduled for construction in the area.