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:
“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)
“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)
“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)