Economy
The economy of Vojvodina is largely based on developed food industry and fertile agricultural soil that make up 84% of its territory. About 70% of agricultural products is corn, 20% industrial herbs, and 10% other agricultural cultures. Other branches of industry are also developed such as the metal industry, chemical industry, electrical industry, oil industry and construction industry. In the past decade, ICT sector has been growing rapidly and has taken significant role in Vojvodina's economic development.
Companies:
- Naftna Industrija Srbije
- Srbijagas
- Novosadski sajam
- HIP Petrohemija
Vojvodina promotes its investment potentials through the Vojvodina Investment Promotion (VIP) agency, which was founded by the Parliament of the Autonomous Province of Vojvodina.
Read more about this topic: Economy Of Vojvodina
Famous quotes containing the word economy:
“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)
“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)
“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)