Economy
Sibiu is one of the most prosperous cities of Romania, and also receives one of the highest rates of foreign investment in the country. It is an important manufacturer of automotive components (Bilstein-Compa, Takata, Continental, and SNR 'Ball bearing'). Other local industries are machine components, textiles, agro-industry, and electrical components (Siemens).
One of the main concerns for the city is attracting new investors to locate their businesses in Sibiu, and an industrial park has been recently completed. The city also contains Romania's largest stock exchange outside Bucharest, the Sibiu Stock Exchange.
Read more about this topic: Sibiu
Famous quotes containing the word economy:
“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)
“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)