Economy
The lake, nicknamed "the Pearl of Siberia", drew investors from the tourist industry as energy revenues sparked an economic boom. Viktor Grigorov's Grand Baikal in Irkutsk is one of the investors, who planned to build three hotels creating 570 jobs. In 2007, the Russian government declared the Baikal region a special economic zone. The popular resort of Listvyanka is home to the seven-story Hotel Mayak. At the northern part of the lake Baikalplan (a German NGO) built together with Russians in 2009 the Frolikha Adventure Coastline Track a 100 km long Long-distance trail as example for a sustainable development of the region. Baikal was also declared a UNESCO World Heritage site in 1996. Rosatom plans to build a laboratory in Baikal, in conjunction with an international uranium plant and to invest $2.5 billion in the region and create 2,000 jobs in the city of Angarsk.
Read more about this topic: Lake Baikal
Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)