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== Economy ==
== Economy ==
''See also: [[Economy of Kuronia]]''
Since the year 1998, Kuronia has had one of the highest GDP growth rates in Ixnay. This was briefly undermined by the 2012 Kuronian Recession, as the primarily import-driven economy was damaged by a slowed series of imports due to international maritime trade congestion in the Songun Straits, and compounded by and untimely railyard and labour union strike. Without the support for a bailout that many other nations had at this time, it took longer for Kuronia to recover, resulting in a lower national trust and belief in the rules-based-international order when it came to global monetary and fiscal policy.
The 2012 Kuronian Recession was an unforeseen circumstance by the Kuronian Central Bank as well as many of the significant financial reporting institutions and agencies of Ixnay. The result was a significant reassessment of the auditing methods for the Kuronian federal government, as well as the collapse of the 2012 coalition government and the 2012 general election.
There is very limited amounts of state-owned corporations in Kuroniam as the privatisation of the nation and the de-nationalization of major corporations such as shipyards, railyards, mines, and energy producers was completed in the late 1990s. However significant regulation and oversight still exist as a check and balance for the economy to prevent any issues that could lead to another unforeseen or unplanned recession. Examples of extant state-owned national corporations are the Kuronian Mail and Postal Service and several nuclear reactors and energy facilities.
This amount of privatization in the nation has spurred a significant foreign investment from Sarpedon and Levantia, as subsidies for foreign businesses, reasonable labour costs, a lack of strong union representation in growth industries, and abundant natural resources all allowed for a significant uptick and contribution to the increase in GDP. However, foreign businesses are required to have Kuronian sponsors as there is significant regulation against the foreign ownership of land or certain forms of titles/deeds. This is a holdover from the original independent constitution from wherein Caphirian citizens were reduced in their ability to own land or hold political office, although successive reforms changed this to any foreigner. Despite these holdovers, as a Cronan nation with a non-Cronan culture, the combination of resources and Levantine business practices and Sarpic cultural influences have created an ideal economic environment for Kuronia.


== History ==
== History ==

Revision as of 21:59, 23 December 2024

Republic of Kuronia

Kuronia
Flag of Kuronia
Flag
Motto: 
CapitalNordhagen
LargestValkas
Official languagesBalto-Slavic
Ethnic groups
Balto-Slav
Demonym(s)Kuronian (m)
Kurs (f)
GovernmentUnitary parliamentary republic
• Prime Minister
Armands Vasiljevs
Establishment
• Settled
1580
• Independence
1784
• Revolutionary Reforms
1884
• Reformed Republic
1951
Area
• 
Template:Convinfobox/sec2
Population
• 2035 census
56,311,204
• Density
Template:Convinfobox/sec2
GDP (nominal)estimate
• Total
$3,900,000,000,000
$3.9 trillion
• Per capita
$69,642.86 per capita
Gini (2035)Positive decrease 43.2
medium
HDI (2035)Increase 0.894
very high
• Summer (DST)
UTC+0
Date formatdd-mm-yy
Driving sideright side
ISO 3166 code'KU

Etymology

Economy

See also: Economy of Kuronia

Since the year 1998, Kuronia has had one of the highest GDP growth rates in Ixnay. This was briefly undermined by the 2012 Kuronian Recession, as the primarily import-driven economy was damaged by a slowed series of imports due to international maritime trade congestion in the Songun Straits, and compounded by and untimely railyard and labour union strike. Without the support for a bailout that many other nations had at this time, it took longer for Kuronia to recover, resulting in a lower national trust and belief in the rules-based-international order when it came to global monetary and fiscal policy.

The 2012 Kuronian Recession was an unforeseen circumstance by the Kuronian Central Bank as well as many of the significant financial reporting institutions and agencies of Ixnay. The result was a significant reassessment of the auditing methods for the Kuronian federal government, as well as the collapse of the 2012 coalition government and the 2012 general election.

There is very limited amounts of state-owned corporations in Kuroniam as the privatisation of the nation and the de-nationalization of major corporations such as shipyards, railyards, mines, and energy producers was completed in the late 1990s. However significant regulation and oversight still exist as a check and balance for the economy to prevent any issues that could lead to another unforeseen or unplanned recession. Examples of extant state-owned national corporations are the Kuronian Mail and Postal Service and several nuclear reactors and energy facilities.

This amount of privatization in the nation has spurred a significant foreign investment from Sarpedon and Levantia, as subsidies for foreign businesses, reasonable labour costs, a lack of strong union representation in growth industries, and abundant natural resources all allowed for a significant uptick and contribution to the increase in GDP. However, foreign businesses are required to have Kuronian sponsors as there is significant regulation against the foreign ownership of land or certain forms of titles/deeds. This is a holdover from the original independent constitution from wherein Caphirian citizens were reduced in their ability to own land or hold political office, although successive reforms changed this to any foreigner. Despite these holdovers, as a Cronan nation with a non-Cronan culture, the combination of resources and Levantine business practices and Sarpic cultural influences have created an ideal economic environment for Kuronia.

History

Politics and Government

Politics, government, and the major instruments of state power operate under a framework laid out under the 1951 Constitution of Kuronia.

Government

See Also: Kuronian Assembly and Cabinet of Kuronia

The Kuronian Assembly is a unicameral body that is also called the Landtāgs. It is the legislature of the Republic of Kuronia, and passes laws and acts that apply withi the nation’s sovereign borders. The Landtāgs is also responsible for adopting state budgets, approving accounts and fiscal registries, and exercising lawful authority and control of the government. It is also responsible for validating and approving international matters as proposed by the Foreign Ministry or by members of the Landtāgs.

Kuronia is a representative democracy, and membership in the Landtāgs is based on a first-past-the-post system of political parties, with 101 members elected to the Landtāgs every four years. However, it is within the powers of the Prime Minister to call for an election before the mandated four-year term has elapsed. The date for the next election is decided at the conclusion of the previous, and always referred to as “occurring but not before” a certain date. If there is a vote of no confidence in the Landtāgs, this can force a government to resign and a new election is called. In instances where a political party does not have a majority (51 seats in the Landtāgs), coalitions are often formed to support a multi-interest government, even if a lack of cooperation can trigger a vote of no confidence and another election.

The Republic of Kuronia operates as a cabinet government, where executive authority is exercised by the Prime Minister and other cabinet ministers, who head ministries or assigned portfolios or interests as duly appointed by the Prime Minister. The Cabinet is primarily responsible for proposing bills and the annual fiscal budgets and audits, as well as executing laws and guiding both the international and domestic policies of Kuronia. The Prime Minister function as the head of the cabinet and both the head of government and head of state. Most commonly, this is the head of the largest political party and is duly elected in an internal vote within the Landtāgs after a general election. In general, Kuronian politics have multiple parties and it is fairly uncommon for a single party to obtain a majority within the Landtāgs. The executive branch also will appoint senior civil servants and department heads such as the Chief of Border Guards, senior treasury officials, and foreign diplomats such as ambassadors and League of Nations officials.

Foreign Relations

See also: Foreign relations of Kuronia

The Republic of Kuronia is a member of the League of Nations, as well as a number of smaller economic and defense agreements with other collective organizations. Kuronia has established diplomatic relations with a number of non-Cronan states, with particular focus and emphasis on diplomatic relations in Levantia and Sarpedon. Kuronia has three tiers of foreign diplomatic relations, those being a consulate, embassy, and high commission. A consular office or consulate is the smallest and represents a minimal but firm commitment to a nation of interest, for example the Kuronian Consular Office in Varshan. An embassy represents a regular, staffed diplomatic mission for a nation with significant foreign interests within the Kuronian purview, such as the Kuronian Embassy in Urceopolis. Lastly, a High Commission represents a senior diplomatic official of equal status to the Foreign Minister, and is for nations that are considered the closest allies or trade partners, or maintain a significant historical link to Kuronia, such as the Kuronian High Commission to Caphiria.

Kuronia’s foreign policy priorities include co-operation in the Songun Sea and South Cronan Peninsula, integration within a global economy, involvement in multinational organisations (specifically those in Crona), and contributing the collective defense of Crona and its immediate geographical sphere. Kuronia also actively participates in civilian and military peacekeeping and humanitarian missions, and regular contributes to League of Nations initiatives such as nuclear disarmament, world trade, and eradicating disease and famine.

Since the mid-20th century, Kuronia’s foreign interests have extended beyond its immediate sphere, specifically focusing on North Crona, Sarpedon, and Audonia.

Geography and Climate

Culture