October 4907Lodamun-Kalistan railway finished after 600 years, cryptocurrency proves stableAgriculture sees strong boom, Endralonese investments pour in; green energy the future?Providence - Recent actions by the state, both in solving internal crises such as the labour shortage and housing crisis, as well enable mass investments in foreign nations have proven successful for Lodamese economy, which as of now experiences a 5.16% GDP growth rate and it seems to stabilize around it as despite the overstretch of the national budget, inflation has been kept under control and with wise management by authorities, the economic growth and thus revenue was suffice to stabilize the budget and even offer the government and companies operating abroad more profits and more disposable income that will be invested as officials have said "in the military as well in public services, while we look toward opening new nuclear powerplants in the next decade if times are good". The wise market socialist tactics, in which Loadmun has as well a private sector to the amazement of some, as well fair wages and incentives for the talented, offers Lodamun much success internationally, as the nation becomes more present on international stage and has stronger ties with neighbors and nations across oceans, such as Artania, who represents as of right now, 65% of total investments done by Lodamese, be them the government or the companies activating there, showing a massive preference to invest in Artania, and especially with rise of ACON, a possible partnership that would offer Lodamun great economic deals and bolster the already fast growing economy more power.
Lodamun-Kalistan bridge of friendship over Jah river finalized after 600 years of waitingOne of the top priority projects after the huge spending over foreign economies in Artania, was the nicknamed "bridge of friendship" infrastructural project with Kalistan, a project forgotten by Lodamese for more than half a millennia, encompassing an important link between the two national railways, as well offering better economic opportunities and closer ties. The bridge for the most part was left unfinished, alongside missing railways from the bridge to Ellington, however recent actions of Lodamun sought to repair relations and finalize the project at last. While the project was met with lot of problems, from local mismanagement, setbacks, lack of funding for a year or two thanks to the budget being spent abroad in investing, as well local politicking over how to construct the railway, the project was announced as finalized this month, with 20th November to be the inauguration date, when the railway and the bridge will become finally usable and enable cheaper imports from Kalistan, especially steel and raw materials, such as wood (hopes from the government who relies on foreign timber). The first part of the project encompassed the railway being built up to the river, which was bit more difficult, with mistakes as well technical issues and of the terrain, however with the link built up to the river, Lodamese authorities have given greenlight to local building companies to cooperate over the bridge construction, with the pillars built on the Lodamese side of the river Jah, which went rather smooth, however again mistakes happened with linking up with the other part, as well lack of funds and equipment for a period of time thanks to overspending abroad, which led to reconstruction of two of the pillars, who have proven a successful operation this time around, linking up perfectly with the other half. At last, followed by last checks and close inspection, it was concluded that the bridge is safe and after a period of time it will be opened to usage. Providence also expressed intention for a possible road linking up with Ellington, despite the car ban, as government permits cars with economic roles such as trucks, gas tanks, utilitarian cars and public transport, increasing possible trade and tourism between the two nations. An inauguration party will be held on the 20th November this year, with "bridge of friendship" being first step to reconciliation with Kalistan.
Endralon Open Banking Sectors (OBS) invests swaths of capital in state enterprises running agricultural activities, farmers welcome state fundsLodamese agriculture has raised foreign interest, first from Lourenne and green companies, second from the Zardugalians who have invested too in agriculture, and now Endralon, with the important network of banks, the OBS, who have invested large amounts of capital in agriculture, a sector of Lodamun that maintains itself strong and having a spike in growth, with billions of LODs as revenue from exports and domestic consumption, which sees no stop, with possible hundreds of billions of LODs to come out of it by year 4920. While the agricultural sector grows, some fears are around it's polluting nature. Despite efforts from government to fix this, with urban farms, underground farms, boost in subsidies for ecological farming and organic goods, as well help from Lourenne, agricultural sector grows faster than the government can handle the growth to ensure sustainability and pragmatic approaches to environmental impact. Lodamese agriculture is renown for cereal exports such as wheat, chickens and potatoes, as top products from Lodamun, however rice, tomatoes, cucumber, apples and pigs come in second. Globally, Lodamun represents an important exporter, since the Kregon plateau and Lodamese plains offer great conditions for output, good black soil, as well good weather conditions. Agronomy also improved techniques and modernization of agriculture sees great development. For now, the state operates important companies in agriculture, which receive most foreign investment, with government subsidizing the local private initiatives, be them farmers or whole cooperatives, who also add both to domestic consumption and exports.
Lodamese Coin, the new state issued cryptocurrency proves stable enough, economists expect more usageGovernment of Lodamun has worked long to digitalize the currency, but alongside that, it sought to create a strong cryptocurrency for trading, which has proven somewhat successful, with Lodamese Coin being a state issued currency that since it's inception has started to be used a lot, especially abroad in currency exchanges or deals with private companies that utilized themselves the coins. This may signal a return of stock exchanges, which is still a controversial issue in Lodamun, as the authorities are firm to hold onto the ban on stock exchanges.
Meanwhile the LOD has seen a decline globally, despite best attempts from Lodamese economists to work toward a solution over it. Despite best attempts, it's seen as rather average currency that has lost lot of value due to instability, turmoil and better currencies to be pegged. Lodamun has ensured that the LOD remains as a strong currency, which in turn, despite maintaining a low inflation rate, it is hurting when it comes to trade, as the LOD is somewhat too strong to be easily exchanged, thus why the Lodamese Coin may become some sort of second currency, if possible.
Investments come across nations, GDP growth around 5%, while inequality maintains low and manageable[Lodamese National Bank, inspired by Trinidad's FNB]
The recent spike in foreign investments has proven largely beneficial for Lodamun, as foreign nations as Zardugal, Endralon, Lourenne and Deltaria prove to be the nations with most shares and capital poured into Lodamun, with more to come, such as Kalistan, possibly Aloria, Trigunia and Davostan, as the leaders seek for more investors to come into Lodamun, alongside Lodamese steady efforts to help other nations grow. The GDP growth has seen since this change of policies to explore into the global markets, a large spike, leading to unprecedented growth, as well fears over it's sustainability, given the markets crash once in a while. It is yet to be seen what will happen when that will hit Lodamun, but for now Lodamun seems to enjoy growth, as well accusations from nations like Malivia, where workers have demanded better treatment. Speculations are made that Malivians have mismanaged the impressive amounts of Lodamese LODs wired in, as the government decided to send inspectors themselves and provide additional budget for the projects in Malivia, while also ensuring maximum transparency and oversight for the project, to ensure no more mismanagements of funds happen, as Lodamun is renown for healthy business practices and proper treatment of workers, be them Lodamese or outsiders. Back home, inequality seems to stabilize despite the recent economic boom, which is appreciated by Lodamese, but also looked upon with suspicions by some thinkers who fear a bourgeoisie class may exist thanks to some individuals wanting more of the growth, as well hardliners in the party fearing that Lodamun has became the very thing it swore to destroy.
Lodamun to invest more in green energy, closes last oil wells and minesAnother decisive victory, aside banning of car companies from activating in Lodamun, is banning of all extraction based activities, simply put, the end of mining and oil proliferation as well in Lodamun as we know it. By a
law in the Presidium, the government seeks to put a complete end to anything related to extraction of ores or resources from the Terran crust. Thanks to local strong lobby groups, protesters and inside pressures, the ESC has decided to end any proliferation of minerals in Lodamun, including the Endralonese Boros Oil company's activities, which was given a warning that in the coming months it will have to dismantle it's rigs and cease operations or else face seizure of property and legal punishments. Lodamese authorities will help Boros Oil retreat from Lodamun, covering transport expenses and ensuring no loss is made during the operations of leaving, which are expected around 1 or 2 months. Other small mines found in the mountains will be closed soon, one by one ,as Lodamun makes another step to green energy. Other attempts at green energy was the rejection of ESC of a possible legalization of private cars, as 51% of party members voted against such proposal. Meanwhile, Treemania and Lourenne government working hard together for limiting pollution here and developing better alternatives for the environment. Many Lodamese industries are trying to tap into the new pipe system that captures CO2 emissions, as well government subsidizing air filters in major cities, to help even more to a clean air.
Major cities have also invested heavily in green energy such as solar panels, as well seen to expand green areas in the urban centers and not only, with larger local parks and more trees planted as a communitarian effort. Statistics show rather interesting numbers as reforestation brings more of the natural lands back over time, as well offer a better view for visitors. Cities like Andalwood are seen as a mini-paradise, with green spaces everywhere, for people to walk out to and to combat the negative effects of climate change and of pollution caused by human activities in the area. Lastly, electrical powered cars as well alternative fuels are sought for the remaining public transport and utilitarian vehicles.
Andalwood: