Economy
The economy of the province is based on tourism, mining, timber and machine industries and livestock raising. The main crops of the region are potatoes (about 30% of the national production), rye and barley; but sheep, pigs and cattle are of greater importance for the agriculture. In the eastern parts of the province are located more than 20 lead and zinc mines, which form one of the most extensive ore deposits in the Balkans. The dense coniferous forests are prerequisite for well developed timber industry in Dospat, Smolyan, Devin. In Smolyan there are big plants producing machine tools and other machinery, while textile industry is mainly developed to the east in Nedelino, Zlatograd, Madan and Rudozem. There is also a synthetic rubber plant in Madan.
Nowadays, tourism is the backbone of the economy, especially in winter due to the excellent ski resorts of Pamporovo and Chepelare; having been completely renovated and modernized. The only factory for skiing equipment is located in Chepelare and employs 400 people. The mineral springs in Devin and Beden are very popular among tourists. The beautiful, unspoilt nature and the spectacular gorges, rock bridges and caves attract many people from around the country as well as foreign tourists, while the numerous dams are popular with campers and fishermen.
Read more about this topic: Smolyan Province
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)