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It is claimed that the area where Balzers and Mäls were located, in the south of Liechtenstein, was called Palazole in the ninth century. The Burg Gutenberg, or the Gutenberg Castle, is a historic icon located on a hill in the center of the city. It is one of the five castles of the principality, and also now serves as a museum. The headquarters of Oerlikon Balzers, of the international technology company Oerlikon Group, is located here. The Balzers Operetta, a national tradition staged annually, is an important cultural event. Olympic athlete and cross-country skier Xaver Frick was born here.