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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)