Clarenthia
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- May 4, 2010
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- Jurzidentia
:!: Jurzani Economy booms
For a long time, the Economy of Jurzan has been suffering drastically. Akhaltsikhe's Council failed to balance economic growth between all races and as a result, the economy stagnated and began a declare. The 2010 Revolution kicked the Council out of power, however, political instability brought an economic collapse upon the Jurzan, then Talemantros invaded the country, putting economic growth on halt.
It is with pride that the National Assembly released new figures on the economy, showing exponential growth. At the first day of the First Jurzani Republic, the GDP was collapsing but was calculated at $152 Billion, today it's growing and is currently calculated at $255 Billion, which is a $75 Billion increase from what it was calculated when Akhaltsikhe was still in power. The GDPPC, which was less than $1000 for the mass majority of the population, now stands at an impressive $3,500. The unemployment rate, which was climbing to a frightening 50%, is now at 21% and decreasing.
The National Oil Company, which is spearheading the economic prosperity, is seeing a massive increase in sales. When the Second Jurzani Republic agreed to join the RDT, an agreement was signed with all signatory nations that the Jurzan would become a primary oil supplier, upon taking its new role, the National Oil Company is preparing for a large increase in demand, requiring more laborers.
Another part of the economic growth is the nationalization of several, large industries. The Government is using their profit to supplement the budget, making the need for taxes much lower. This enables the Government to keep a "business-friendly" aroma. The Government is hopeful that foreign investment will begin rolling in within a short period of time. Carentania's programs in the Jurzan have also taken a massive burden off the Government, freeing up even more of the budget. All in all, taxes on individuals and small businesses in Jurzan are very low, business taxes in general aren't as high as though found in other nations.
President Nadarejshvili stated that the economic growth is a sign of the success of the Jurzani Nation, he said that the Republic will continue to see growth for years to come.
For a long time, the Economy of Jurzan has been suffering drastically. Akhaltsikhe's Council failed to balance economic growth between all races and as a result, the economy stagnated and began a declare. The 2010 Revolution kicked the Council out of power, however, political instability brought an economic collapse upon the Jurzan, then Talemantros invaded the country, putting economic growth on halt.
It is with pride that the National Assembly released new figures on the economy, showing exponential growth. At the first day of the First Jurzani Republic, the GDP was collapsing but was calculated at $152 Billion, today it's growing and is currently calculated at $255 Billion, which is a $75 Billion increase from what it was calculated when Akhaltsikhe was still in power. The GDPPC, which was less than $1000 for the mass majority of the population, now stands at an impressive $3,500. The unemployment rate, which was climbing to a frightening 50%, is now at 21% and decreasing.
The National Oil Company, which is spearheading the economic prosperity, is seeing a massive increase in sales. When the Second Jurzani Republic agreed to join the RDT, an agreement was signed with all signatory nations that the Jurzan would become a primary oil supplier, upon taking its new role, the National Oil Company is preparing for a large increase in demand, requiring more laborers.
Another part of the economic growth is the nationalization of several, large industries. The Government is using their profit to supplement the budget, making the need for taxes much lower. This enables the Government to keep a "business-friendly" aroma. The Government is hopeful that foreign investment will begin rolling in within a short period of time. Carentania's programs in the Jurzan have also taken a massive burden off the Government, freeing up even more of the budget. All in all, taxes on individuals and small businesses in Jurzan are very low, business taxes in general aren't as high as though found in other nations.
President Nadarejshvili stated that the economic growth is a sign of the success of the Jurzani Nation, he said that the Republic will continue to see growth for years to come.