Economy
The city of Tirana is the economy heartland of Tirana County and the nation of Albania and is a major industrial centre. It has experienced rapid growth and established many new industries since the 1920s. The principal industries include agricultural products and machinery, textiles, pharmaceuticals, and metal products. It contains many of the important businesses and institutions including the Tirana Stock Exchange and the Tirana Bank, both of which have grown in productivity since 1996.
The TID tower at 85 meters is being constructed in the city. Tirana has several extensive shopping huge malls, such as City Park at 3 km² and the QTU Shopping Centre, located to the northwest of Tirana on the road to Durrës.
A partnership was instituted under USAID funding between the Tirana City and Catawba County of North Carolina (USA), which was extended in two phases between 2000–2004 and 2005–2007 for planning and implementing several management and development measures in Tirana, with expertise provided by the Catawba County. The improvements in the urban conglomerate covered wide disciplines of proper municipal budgeting and revenue generation, improvement of urban environment, particularly solid waste collection and management involving private sector participation for land fill operations of the Sharra landfill and improving infrastructure assets to match with growing urbanization of Tirana.
Read more about this topic: Tirana County
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)