Economy
Belgorod Oblast is a highly developed industrial-agrarian region, whose economy relies on its enormous wealth of mineral resources and the unique black soils.
Belgorod Oblast has traditionally had and still has strong ties with the agro-industrial complex of Ukraine. Despite its relatively small size, the oblast accounts for one fifth of the trade turnover between Russia and Ukraine.
Some 2,713.4 thousand hectares is dedicated to agriculture, over 70% of which are chernozems. Per capita, there are an average of 1.43 hectares of pastoral land, and 1.1 hectares of arable land. Natural forests and forest plantations occupy 248.3 thousand hectares, or 12.5% of the oblast's area. Total timber reserves are estimated to be 34.3 million m3.
Read more about this topic: Belgorod Oblast
Famous quotes containing the word economy:
“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)
“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)
“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)