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Volkia: Difference between revisions
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Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation. The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}), and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.
The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas sector ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the largest telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,
Around 90% have a mobile phone and 85.7% have internet connection in their home. Cities and towns tend to build their own broadband networks with technical and financial assistance from the federal government and Televolk.
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Volkia produces a large amount of electricity thanks to the country's natural gas reserves, which has been used for export and for fueling its own power plants. There is also a large network of hydroelectric power that powers roughly 35% of the country. Natural gas plants produce 40% of Volkia's electricity, while nuclear power plants produce the remaining 25%.
Volkia's [[Popov Nuclear Power Plant|first nuclear power plant]] was built in 1990. Since then it has become one of five currently operating nuclear power plants in Volkia. Four of the nuclear power plants in Volkia are privately owned, while Popov Nuclear Power Plant was built and is
Currently under construction is the [[Polskala spent nuclear fuel repository]] located in northern Norindzhik, which will be used as the national spent nuclear fuel repository. In early 2020 the Ministry of Energy approved an application for two additional reactors at the Yozhikov Nuclear Power Plant, located in [[Kalinibinsk Oblast]].
===Transport===
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