Economy
Economic symbols of Bar are the Port of Bar, Belgrade - Bar railway and the Sozina tunnel.
The Port of Bar is the most recognizable feature of the city. With 3,100 m (10,170.60 ft) of seacoast, land area of 800 ha and aquatorium of 200ha, the port is capable of reloading 5 million tons of different goods annually. The port made Bar an entry point for large amount of goods imported into Montenegro, and thus many merchant companies and small-scale traders are based in Bar.
In 1976, the Belgrade - Bar railway was opened, and thus made Adriatic sea easily accessible for tourists, and also provided new markets for the Port of Bar. The railway, along with the Port, made Bar more economically active throughout the year, in contrast to other Montenegrin coastal towns, which mostly rely on tourism during the summer season.
The food industry “Primorka” has been operating in Bar for more than 50 years and it produces olive oil and well known pomegranate juice. There are 95,000 olive trees, about 80,000 citrus trees (lemon, orange, tangerine and grapefruit) in the municipal area .
The centre for subtropical cultures, founded in 1937, is the oldest scientific institution in Montenegro. It conducts research in the field of subtropical cultures and environmental protection.
The future of Bar is considered to be in the development of small and medium sized companies, in the creation of new industrial zones and in pursuing activities for creating the Custom Free Zone.
Read more about this topic: Bar, Montenegro
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)