Economy
Belgorod Oblast is a highly developed industrial-agrarian region, whose economy relies on its enormous wealth of mineral resources and the unique black soils.
Belgorod Oblast has traditionally had and still has strong ties with the agro-industrial complex of Ukraine. Despite its relatively small size, the oblast accounts for one fifth of the trade turnover between Russia and Ukraine.
Some 2,713.4 thousand hectares is dedicated to agriculture, over 70% of which are chernozems. Per capita, there are an average of 1.43 hectares of pastoral land, and 1.1 hectares of arable land. Natural forests and forest plantations occupy 248.3 thousand hectares, or 12.5% of the oblast's area. Total timber reserves are estimated to be 34.3 million m3.
Read more about this topic: Belgorod Oblast
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)