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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)