Bihor County - Economy

Economy

Bihor is one of the wealthiest counties in Romania, with a GDP per capita well above the national average. Recently, the economy has been driven by a number of construction projects. Bihor has the lowest unemployment rate in Romania and among the lowest in Europe, with only 2.4% unemployment, compared to Romania's average of 5.1%.

The predominant industries in the county are:

  • Textile industry.
  • Food and beverages industry.
  • Mechanical components industry.
  • Metallurgy.

In the west side of the county there are mines for extracting coal and bauxite. Also crude oil is being extracted

Read more about this topic:  Bihor County

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)

    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)

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)