Economy
Kaliningrad Oblast's economy is positively influenced by several factors, such as ice-free ports, the world's largest amber deposits and proximity to European countries. The region also has a developed tourist infrastructure, unique museums and monuments, and tourist attractions. One of these is the famous Curonian Spit.
To combat the oblast's economic problems such as high unemployment, in 1996 the Russian authorities granted Kaliningrad special economic status and tax advantages intended to attract investors. The oblast's economy has since benefited substantially, and in recent years experienced a boom. A US$45 million airport terminal has been opened, and the European Commission provides funds for business projects under its special program for the region. The oblast has begun to see increasing trade with the countries of the EU as well as increasing economic growth and rising industrial output.
According to official statistics, the Gross Regional Product in 2006 was 115 billion roubles. GRP per capita in 2007 was 155,669 roubles.
Read more about this topic: Kaliningrad Oblast
Famous quotes containing the word economy:
“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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)