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:
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“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)