Packilvania: Difference between revisions

The country has produced some of the largest companies in the world. This is usually because industries are highly consolidated under a oligopologyoligopoly. The largest four [[Banking in Packilvania|banks in the country]] are the [[Industrial and Commercial Bank of Packilvania]] (the largest bank in the world by total assets under management), [[Agricultural Bank of Packilvania]], the [[Export-Import Bank of Packilvania]] and the [[Packilvanian Development Bank]]. The country is also home to arguably the largest energy company in the world, the [[Packilvanian Coal and Gas Corporation]], and one of the largest engineering firms in the world, the [[Packilvanian Steel and Construction Corporation]]. Other than these predominantly state-owned entities, there are large private companies such as [[Chatter]] (one of the largest mobile communications companies), [[Buddy]] (one of the largest taxi hailing and food delivery applications), [[Debby]] (one of the largest mobile payment companies), [[Masul Pharmaceuticals]], [[Telesat|Telesat Telecommunications]], and [[Teigo|Teigo Business Management and Logistics]].

The country has maintained a substantial trade surplus over the past 30 years compared to its trade partners as such it has raised over 2 trillion KRB of [[W:Foreign exchange reserves|foreign exchange and gold reserves]]. Coupled with the [[Packilvanian Central Bank]]'s [[W:Managed float exchange rate|control over the exchange rate]] of the national legal tender, [[Packilvanian dinar]], and control of capital movement, Packilvania has achieved monetary independence. The government struggles with tax collection and relies on substantial borrowing as such the country has over 7 trillion KRB in public debt and over 5 trillion KRB in private debt, over 80% of which is owed to domestic lenders. The country attracts 500 billion KRB of foreign direct investment annually and it in turn invests over 400 billion KRB abroad.