Economy
Traditionally, Kysuce is considered to be one of the poorest regions in Slovakia. Inhabitants of Kysuce have to commute for work elsewhere, for example to the coal mines in the Ostrava Region in the Czech Republic, as the region has little industry, particularly today. The worst situation was in the 1990s when many factories were shut down or reduced. However, the regional economy is now recovering and growing thanks to the good ski and cross-country conditions and the Snow Paradise center in Veľká Rača-Oščadnica is one of the most developed ski resorts in Slovakia. There are also many other tourist attractions available, for example the switchback railway near Nová Bystrica, or museum of the Kysuce village also near Nová Bystrica, which was created in 1974 primarily for the purpose of saving buildings from the villages inundated by the Nová Bystrica reservoir.
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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)
“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)