Economy
The economy of Sines municipality depends on energy, oil refining, port activity, fishing, tourism and trade. The municipality has an important investment park managed by AICEP Global Parques, and a science park, the Sines Tecnopolo.
Sines is the location of one of the largest maritime-industrial complexes in Portugal, whose tenants include Sines Power Plant (Electricidade de Portugal), Petrogal Sines (National Petrochemic Refinery) and Repsol (Polymer Refinery). Although rapidly industrializing, the town still preserves many of the historical landmarks and tries to cater to tourism. The nearby village of Porto Covo attracts many tourists owing to its coastline and the well-preserved historical buildings.
There is a large shortwave broadcasting station at Sines. The most remarkable antenna towers are the rotatable towers looking like a big "V". . It was used by Deutsche Welle and was switched off on November 1, 2011.
Read more about this topic: Sines Municipality
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)
“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)