Economy
Kozani has been a prosperous area in the course of its history. Its merchants are known to have dominated the commerce of the Balkan peninsula, expanding their trade activities to the north and along the Danube. Kozani nowadays is still among the most prosperous areas of the Greek province, but for a different reason, its rich mining industry. Kozani produces lignite, which is the main source of the electric power produced in Greece, nitrous salts which are processed into fertilizers, and chromium. There was also an asbestos mine that remained operational until the mid-1990s, which has now ceased its operation. In the regional unit of Kozani there is also the artificial lake and hydroelectric dam of Polyfytos, which further contributes to the electricity production of Greece. The region's vast industrial advancement in a short period of time has raised environmentalist concerns.
Read more about this topic: Kozani (regional Unit)
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)