Economy
Kaliningrad Oblast's economy is positively influenced by several factors, such as ice-free ports, the world's largest amber deposits and proximity to European countries. The region also has a developed tourist infrastructure, unique museums and monuments, and tourist attractions. One of these is the famous Curonian Spit.
To combat the oblast's economic problems such as high unemployment, in 1996 the Russian authorities granted Kaliningrad special economic status and tax advantages intended to attract investors. The oblast's economy has since benefited substantially, and in recent years experienced a boom. A US$45 million airport terminal has been opened, and the European Commission provides funds for business projects under its special program for the region. The oblast has begun to see increasing trade with the countries of the EU as well as increasing economic growth and rising industrial output.
According to official statistics, the Gross Regional Product in 2006 was 115 billion roubles. GRP per capita in 2007 was 155,669 roubles.
Read more about this topic: Kaliningrad Oblast
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)
“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)
“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)