The country has adopted both liberalization and privatization policies over last two decades with a view of developing private business sector. Both services and industries sector constitute the larger share in the total Gross Domestic Product in the country.
Major agricultural products in the country are wheat, potatoes, sugar beets, and tobacco. Important industries in the country are chemicals, textiles, food processing and glass. The country earns a major share from the exports of coal, steel, clothing an ships.