Economy
As capital and main town of its province, Bergamo hosts the public administration offices of provincial interest. In the past, many factories were in the commune territory, mainly for electrical components, industrial mechanics and publishing businesses, but have then moved outward. In the town three large corporations are still based:
- Italcementi SpA, general headquarters of the 5th largest cement producer in the world.
- UBI group, ex BPU e Banca Popolare di Bergamo - Credito Varesino, general headquarters of the 4th largest Italian bank group.
- Brembo, general headquarters and plants of the manufacturer of automotive brake systems' leader, especially for high-performance cars and motorcycles.
- Tenaris, is a global manufacturer and supplier of seamless and welded steel pipe products and provider of pipe handling, stocking and distribution services to the oil and gas, energy and mechanical industries.
- ABB SpA, offices and plants of a multinational corporation operating mainly in the power and automation technology areas..
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)