Economy
There are some natural resources in Ingushetia: mineral water in Achaluki, oil and natural gas in Malgobek, forests in Dzheirakh, metals in Galashki. The local government is considering the development of tourism however this is problematic due to the uneasy situation in the republic itself and the proximity of some conflict zones. However, Ingushetia continues to remain as one of Russia's poorest republics, largely due to the ongoing conflict, corruption and civil disorders. Unemployment is estimated to be around 53%, and growing poverty is a major issue.
Read more about this topic: Republic Of Ingushetia
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)