Economy
Transylvania is rich in mineral resources, notably lignite, iron, lead, manganese, gold, copper, natural gas, salt and sulfur.
There are large iron and steel, chemical, and textile industries. Stock raising, agriculture, wine production and fruit growing are important occupations. Timber is another valuable resource.
IT, electronics and automotive industries are important in urban and university centers like Cluj-Napoca (Nokia), Timişoara (Alcatel-Lucent, Flextronics and Continental AG), Braşov, Sibiu, Oradea and Arad.
Native brands include: Roman of Braşov (trucks and buses), Azomureş of Târgu Mureș (fertilizers), Terapia of Cluj-Napoca (pharmaceuticals), Banca Transilvania of Cluj-Napoca (finance), Romgaz and Transgaz of Mediaş (natural gas), Jidvei of Alba county (alcoholic beverages), Timişoreana of Timişoara (alcoholic beverages) and others.
Transylvania accounts for around 35% of Romania's GDP, and has a GDP per capita (PPP) of around $11,500, around 10% higher than the Romanian average.
Read more about this topic: Culture Of Transylvania
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)