Economy
Belgorod Oblast is a highly developed industrial-agrarian region, whose economy relies on its enormous wealth of mineral resources and the unique black soils.
Belgorod Oblast has traditionally had and still has strong ties with the agro-industrial complex of Ukraine. Despite its relatively small size, the oblast accounts for one fifth of the trade turnover between Russia and Ukraine.
Some 2,713.4 thousand hectares is dedicated to agriculture, over 70% of which are chernozems. Per capita, there are an average of 1.43 hectares of pastoral land, and 1.1 hectares of arable land. Natural forests and forest plantations occupy 248.3 thousand hectares, or 12.5% of the oblast's area. Total timber reserves are estimated to be 34.3 million m3.
Read more about this topic: Belgorod Oblast
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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)