Evandria has a free market Economy that is closely tied to the economy of the European union and its Greek neighbor. The currency in use is the Euro and the average per capita income is roughly in line with the European average. The unemployment rate of Evandria is 5% which is lower than the European average. The economy is dominated by the service sector which is largely geared towards tourism. Evandria is a popular destination and the country derives most of its foreign exchange from its tourism sector. Evandria has a small government approach that allows it to maintain a very low tax regime which is attractive to many foreign investors who are investing in the tourism sector. The country has an international airport which connects it to all the major cities in Europe.
Energy SecurityEvandria's energy policy is striving for 100% clean energy by 2030. That will include both solar and wind energy. The government provides subsidies for the purchase of solar panels as they are mandatory for every building, house and condominium on Evandria.
Sustainability MovementEvandria believes in a new and sustainable future. Evandria believes that we should act now because of the changes in climate. The changes in climate can and should be reversed before it spirals out of our control. Evandria is implementing the Global goals into our country to make it more sustainable for the many years to come. Evandria will be using Cleaner Energy and hoping to reach their goal of 100% clean energy by 2030. To encourage citizens to use more clean energy the government is providing subsidies to any citizen to purchase solar panels if they live in their own house otherwise Condominium's already have this added in. Other eco friendly things such as vertical farming and roof top farming is being used because of the limited space in Evandria.
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TourismEvandria has acquired almost 500 hotels on the island many of which are owned by foreign investors as well as local Evandrian investors. The sector employs 300,000 people making it the largest employment sector on the Island.
Offshore Financial CenterEvandria provides offshore financial services to a wide variety of clientel from all over the world. This is the third largest income earner for the island after Tourism and Trade.
Trade
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