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 Municipality (Algarve)
Famous quotes containing the word economy:
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—Alexander Herzen (1812–1870)
“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)
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—Doris Lessing (b. 1919)