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Biscay
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<p>Biscay , is a province of the <a href="/facts/Basque_Country_(autonomous_community)/TMhgnsH3">Basque Autonomous Community</a>, heir of the ancient <a href="/facts/Lordship_of_Biscay/68nodLzs">Lordship of Biscay</a>, lying on the south shore of the <a href="/facts/Bay_of_Biscay/nlsdKMBg">eponymous bay</a>. The capital and largest city is <a href="/facts/Bilbao/QkG7WHTC">Bilbao</a>. </p><p>Biscay is one of the most renowned and prosperous provinces of Spain, historically a major trading hub in the Atlantic Ocean since medieval times and, later on, one of the largest industrial and financial centers of the <a href="/facts/Iberian_Peninsula/ztFXI8zt">Iberian Peninsula</a>. Since the extensive deindustrialization that took place throughout the 1970s, the economy has come to rely more on the <a href="/facts/Tertiary_sector_of_the_economy/IbtKqotL">services sector</a>. </p>