Economy
The wealth of the city rests mostly on its University of Coimbra with about 20,000 students – the city has a total of 35,000 higher education students considering the other higher education institutions based there – but also in shopping, technology and health sciences industry, administrative offices, financial services, law firms and specialized medical care. The city has many private clinics, medical offices and two large independent state hospital centres: the H.U.C. – Hospitais da Universidade de Coimbra, which is a university hospital, and the C.H.C. – Centro Hospitalar de Coimbra, which includes a general hospital. Coimbra has also the regional branch of the national cancer hospital – the I.P.O. – Instituto Português de Oncologia, as well as a military hospital. The Instituto Nacional de Medicina Legal, the state-run forensic science institute of Portugal, is headquartered in Coimbra.
Notable companies based in the municipality of Coimbra include software companies Critical Software and Ciberbit which have their global headquarters in the city, mechanical and electronics engineering company Active Space Technologies, telemetry and Machine to Machine company ISA, Cimpor's cement factory in Souselas (CIMPOR Souselas), the pan-European service facility of Olympus Corporation, the pharmaceuticals companies Bluepharma and BASI, the iron foundry Fucoli-Somepal and several ceramics, food processing (Probar produces cold meat products and Dan Cake produces sponge cakes and swiss rolls), textiles, wine, civil and engineering construction, architecture, public works and housing construction firms. Handicraft industry is well represented by traditional tapestry and pottery manufacture, and the surroundings of the city have besides forestry, dynamic horticulture production, vineyards and livestock raising. The Instituto Pedro Nunes (Pedro Nunes Institute), a business incubator, dynamically hosts several start-ups which are usually dedicated to technology-related businesses and became independent spin-off companies headquartered across the whole region.
Coimbra has a fresh produce open-air market on every 7th and 23rd days of the month at Feira dos 7 e dos 23, and a large fresh produce market in downtown at Mercado D. Pedro V. The Baixa (downtown) of Coimbra has many coffeehouses and bakeries, and features several specialty shops selling all kind of products in typical old-fashioned architectural surroundings. Large commercial facilities with car park, include a medium-sized shopping center (CoimbraShopping); two larger shopping centers with hypermarket, restaurants, movie theaters and several shops with a selection of some of Portugal's and the world's most famous and stylish international brands (Centro Comercial Dolce Vita and Forum Coimbra); and two retail parks found on the fringes of the city, offering an alternative to the busy city centre (Retail Park Mondego in Taveiro, and Coimbra Retail Park in Eiras).
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Famous quotes containing the word economy:
“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)
“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 aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)