Economy
The backbone of the economy in the region is industry. The "Batashki Vodnosilov Pat" is an important hydrocomplex consisting of three hydro power plants- "Batak", "Peshtera" and "Aleko" with combined capacity of around 250 MW. Copper extracting industry is of national and European importance with major mines located around Panagyurishte (Asarel and Medet), Elshitsa, Tsar Asen and Mina Radka. Machine building industry is developed in Pazardzhik (lead acid batteries), Panagyurishte (optical), Velingrad. There is flourishing pharmaceutical industry in Peshtera with more than 1 000 employees in the plant. Paper industry is developed in Belovo. Timber industry is very important in the southern part of the region (the Rhodopes)- Batak, Peshtera, Rakitovo and Velingrad. The manufacturing of textiles is well developed in Pazardzhik, Panagyurishte and Velingrad. There is a huge footwear plant in Peshtera. Food processing industry is developed in most of the towns. Agriculture is also important, especially in the fertile central parts of the region. The most important crops are orchards (apples, plums and strawberries), grapes, wheat, barley, rye and rice. Livestock breeding is relatively well developed in the mountainous areas.
Read more about this topic: Pazardzhik Province
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)
“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)
“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)