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:
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“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)