Economy
The economic activity of Baia Mare has been based on the mining activities located in the surrounding areas. However, after the 1989 Revolution and industrial changes, such mining declined considerably. They have been replaced with several activities which have improved the city's economy in recent years. Baia Mare has become one of the most economically evolved cities in the region. As a result, several supermarkets have been built in the city and at least two shopping malls are due to open no later than December 2010. The largest sofa manufacturing plant in Eastern Europe, Italsofa, is located near the Baia Mare city highway ring.
The road infrastructure within the city is changing to be able to better connect the city and absorb the traffic. An express road is to be built between Petea (at the border with Hungary) and Baia Mare, a project for which the feasibility study has just completed. The express road will connect the cities of Baia Mare and Satu Mare to the Hungarian motorway M3, and thus to the whole European motorway network.
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Famous quotes containing the word economy:
“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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—Anthony, Sir Eden (1897–1977)