Economy
The industry in the Hunedoara county is linked with the mining activity in the region. In the mountains, from ancient times, metals and coal have been exploited. Nowadays, there is one large industrial complex at Hunedoara owned by Mittal Steel . Also energy related enterprises are located in the county - one of the biggest thermoelectric plant is located at Mintia.
The predominant industries in the county are:
- Metallurgy.
- Construction materials.
- Textile industry.
- Mining equipment.
- Food industry.
In the 1990s, a large amount of mines were closed down, leaving Hunedoara county with the highest unemployment rate in Romania, of 9.6%, in comparison to the national average of 5.5%.
Read more about this topic: Hunedoara County
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)
“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)