Economy
Lagoa is actually one of the most important tourist areas of the Algarve. There are various factors which have contributed to its popularity, namely the variety of offerings to visitors (the beauty of its beaches, modern tourist accommodation, its golf courses, its cultural heritage), orderly planning of land use within the council area, its social stability, and the friendliness of its citizens.
The city continues to improve facilities and organize events of interest to tourists. Each summer it hosts a large exhibition of craft products at the Parque de Feiras e Exposições de Lagoa (Fair and Exhibition Grounds of Lagoa), known by its official name's acronym FATACIL. Certain heritage buildings have been renovated for cultural uses in the city, notably the Municipal Library and the Convento de São José (St. Joseph Convent) – the Cultural Centre of the City of Lagoa – where various shows and a variety of exhibitions take place. Similarly the Municipal Auditorium hosts numerous shows and other events each week. As well many cultural activities take place at the Parque Municipal de Fontes, north of Estombar, all year round, including theatre, dances, and traditional folk-songs.
In the last 15 years Lagoa has registered one of the highest levels of economic development in the Algarve. It has numerous medical offices, educational (elementary, secondary, music, art) institutions as well as sports, leisure and tourism facilities. Lagoa DOC is a Portuguese wine region centered around Lagoa municipality.
Read more about this topic: Lagoa (Algarve)
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)
“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)