Daily Archives: August 15, 2010

Libya, Tripoli – Cost of Living

The economy of Libya depends primarily upon revenues from the oil sector, which constitute practically all export earnings. Tripoli is the largest and capital city of Libya. Tripoli is the largest city, the principal sea port, and the largest commercial … Continue reading

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Luxembourg, Luxembourg – Cost of Living

The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Although Luxembourg in tourist literature is aptly called the Green Heart of Europe, its pastoral land coexists with a highly industrialized and export-intensive economy. Luxembourg enjoys … Continue reading

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Liberia, Monrovia – Cost of Living

The economy of Liberia was negatively impacted by the civil war and government mismanagement, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting … Continue reading

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Lithuania, Vilnius – Cost of Living

The economy of Lithuania changed radically after the country established its independence from the Soviet Union in 1990. It then made a transition towards capitalist free market principles, enjoying high growth rates after entering the European Union along with other … Continue reading

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Lesotho, Maseru – Cost of Living

The economy of Lesotho’s economy is based on diamonds exported all over the world and water sold to South Africa, manufacturing, agriculture, livestock, and to some extent the earnings of laborers employed in South Africa. Maseru is the capital and … Continue reading

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Lebanon, Beirut – Cost of Living

The economy of Lebanon is charaterised by remittances from Lebanese abroad which account for one fifth of the country’s economy. The thriving tourism and banking activities have made the services sector the most important part of the Lebanese economy employing … Continue reading

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