EILEITHYIAN ECONOMY
With a moderate and steady pace of growth in the latest few years, the economy of Eilezia is mainly based on agriculture even though the relative weight of this one is constantly shrinking to the advantage of manufacturing and services. The majority of business activities are led by private actors but some sectors are controlled by the State in their totality (like energy, telecommunication, rail and air transport and military industries) or for the most part (like healthcare services and mining); furthermore many private companies have the Royal House (the Bellukis) as a shareholder. Small and medium enterprises are the backbone of the Eileithyian economy but several large enterprises play a crucial role.All the departments led by the Supreme Council bear on the economic fabric of Eilezia but three of them in particular are relevant in shaping it: the Department of Treasury, Economy and Trade; the Department of Industry and Energy; the Department of Agriculture and Fishing.
The Department of Treasury, Economy and Trade, headed by the High Councillor Hesperos Manolis, coordinates all the economic measures of the Kingdom and carries out many functions including taxation, management and account for the national budget, trade policies, financial regulation, job policies, granting and control over subsidies and tax breaks.
The Department of Industry and Energy, headed by the High Councillor Leomedon Gounaris, is committed to promote economic growth, technological competitiveness and cost-effective fulfillment of energy demand through actions and policies which concern business activities (including tourism) and energy supply, in collaboration with the Department of Treasury, Economy and Trade.
The Department of Agriculture and Fishing, headed by the High Councillor Vasilis Speros, is responsible for developing and executing policies and state benefits on farming, forestry and fishing in cooperation with the other two deparments above mentioned.
Another and extremely important institution for the economic context of Eilezia is the Royal Bank of Eilezia (BTE), namely the central bank of the Kingdom, authorised to issue banknotes and coins (the local currency is the “antello”) and manage the monetary policy with the advisory opinion of the Department of Treasury, Economy and Trade. The Governor is chosen and appointed by the King/Queen while the members of the Governing Council are indicated by the Supreme Council and hold the office if they are not rejected by the Parliament.
Finally, regional authorities are encouraged to promote economic development in their territories by fostering agreements between local institutions and companies, granting subsidies and framing any other measures capable of building on investments.
FOOD INDUSTRIES
Without any doubt, the core sector of Eileithiyan economy is the food-related one, stretching to farming, fishing, food processing and food and beverage manufacturing for farm machinery, agrichemicals, etc... This diverse area of business accounts for more than 35% of the GDP and is an essential source of income in all the regions of the Kingdom, especially in Vergezia, Telasseke and the Stomakronian islands where the figures can reach to 43-48%. If most of the activities are run by cooperatives and enterprises with less than 10 workers, some big companies can be singled out as leaders in their sector. It is the case of Tofani, which mainly (but not only) produces and sells sauces, milk and its derivatives (like yoghurt), jams; or Branas, a multi branded group whose operations cover a wide range of goods (confectionery, cookies, cured meats, sauces, etc...). A dominant position in the selling of tractors and other farming machinery is held by Firmekia. The key agribusiness products sold in the domestic and international markets are olives/oil, wines (varieties like the Achermion, the Ruby of Sermios, the Luvimia or the Keramos are appreciated worldwide), cheese, dried and soft fruit, fish/shellfish and honey.
FASHION INDUSTRY
Even though dresses, shoes and jewels created by the Eileithyian artisans have clothed royals, nobles and wealthy people all around the nations at north and south of the Long Sea for centuries, a massive process of mechanization and industrialization in the late ‘800, has enabled the fashion industry to enlarge its volumes of production in a rapid and sizeable way, satisfying the demand flowing from less rich segment of market. Many companies orbiting around the creative ideas of talented stylists and jewellers started making their way into this sector like Eliades, Laskaris, Rolandi, Pirenis, Kalfas and Vasargo (these latter two names specialised in the jewelry). Nowadays the fashion industry is one of the fastest growing one in Eilezia and generates the 11% of the GDP and tens of thousands of job positions. Factories are spread across the country, particularly in the eastern part with Anthos considered as the capital of fashion.
MEDIA & PUBLISHING
Founded in 1719 by the benedictine monks of the Monastery of St. Matthew in Philadon, the Angelos tis Imeras is the oldest and most sold newspaper in Eilezia. Now it is owned by the Domikos Group, one of the two giant publishing houses of the country (the other one is Turis) which control the biggest part of the market in the selling of books and magazines. Other important newspapers with a national circulation are: O Teoros, I Pyxida and Koinonia. A public company is expanding in the media sector, which is ERF (Eilieithyian Radio-Television Body), the state-owned and the only broadcaster in Eilezia of radio and tv programmes (the tv broadcasting service officially begun in 1955 and the attendant range of prospective viewers is in an embryonic stage so far). The media & publishing industry in its entirety is the third one of the Kingdom in terms of output.
PHARMACEUTICAL AND MEDICAL DEVICES
Besides the fashion industry, another area of business which have been running up in the latest decades is the one related to pharmaceutical products and medical devices. The whole cycle of conception, research, testing, production and sale of drugs and devices engages several companies, most of which are medium-sized but the so-called “big four” (the largest and most-selling companies) are trailing the sector: Livas (founded in the far 1692), Asklepios, Sefinelli Group and Iatechna (focused in medical devices); together they control nearly two-third of the domestic market and over three-quarters of the exportations. As the industry is highly R&D-based, universities and research centres are tightly connected to enterprises, from the basic research to the technology transfer. All the production, about 55% of which is exported, is subject to the regulating and monitoring power of the Department of Health and the EOFA (Eileithyian Medicines and Healthcare Agency).
COMPONENTS INDUSTRY
This cross-sectoral aggregation draws together all the enterprises which operates in the making of components for all types of tools, machines, vehicles and infrastructures (some of the many industries affected are automotive, aircraft, energy, industrial machines). Most of the businesses which can be referred to this typology are micro or small enterprises and only few ones might be considered medium-sized. Component manufacturers are located in all the territories of the Kingdom but a massive process of clusterization is found in three regions: Edaphoiera, Cruphorea and Iridia.
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