Economy
Kozani has been a prosperous area in the course of its history. Its merchants are known to have dominated the commerce of the Balkan peninsula, expanding their trade activities to the north and along the Danube. Kozani nowadays is still among the most prosperous areas of the Greek province, but for a different reason, its rich mining industry. Kozani produces lignite, which is the main source of the electric power produced in Greece, nitrous salts which are processed into fertilizers, and chromium. There was also an asbestos mine that remained operational until the mid-1990s, which has now ceased its operation. In the regional unit of Kozani there is also the artificial lake and hydroelectric dam of Polyfytos, which further contributes to the electricity production of Greece. The region's vast industrial advancement in a short period of time has raised environmentalist concerns.
Read more about this topic: Kozani (regional Unit)
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—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)
“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)