Economy
The lake, nicknamed "the Pearl of Siberia", drew investors from the tourist industry as energy revenues sparked an economic boom. Viktor Grigorov's Grand Baikal in Irkutsk is one of the investors, who planned to build three hotels creating 570 jobs. In 2007, the Russian government declared the Baikal region a special economic zone. The popular resort of Listvyanka is home to the seven-story Hotel Mayak. At the northern part of the lake Baikalplan (a German NGO) built together with Russians in 2009 the Frolikha Adventure Coastline Track a 100 km long Long-distance trail as example for a sustainable development of the region. Baikal was also declared a UNESCO World Heritage site in 1996. Rosatom plans to build a laboratory in Baikal, in conjunction with an international uranium plant and to invest $2.5 billion in the region and create 2,000 jobs in the city of Angarsk.
Read more about this topic: Lake Baikal
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)
“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)