the area was re-settled by Czech people, many without roots in this region. From the 1950s, new prefabricated housing estates were built that reached the outer parts of the historical conurbation in the 1960s and 70s. This expansion was necessary because many people had moved in to get jobs in the region's thriving mining and electrical industries. The historical monuments were dilapidated and uncared-for. Before 1989 some parts of the historical centre were intended to be replaced by modern housing. Fortunately the Velvet Revolution changed the trend of development in the town and brought about a change in attitudes towards the cultural values of the past. The historical heart of Kadaň began to be repaired and after 15 years it has become a pearl of the region. There is now a new site on the bank of the Ohře being planned and projected – Maxipes Fík Embankment with many attractions both for children and adults. The town has been turning to be a tourist centre of the predominantly industrial region. The only drawback for tourism is the lack of a higher-capacity hotel in the town. Demographics Economy Although it is situated in an industrial part of the Czech Republic, there is no major industry within the town and people usually work in offices or have to commute. There are two large power plants in the outskirts of the town, Tušimice Power Station and Prunéřov Power Station. Culture Annual events held in the town include: Emperor's Day Maxipes Fík Birthday Kirwitzer Astronomical Day Old Czech Carnival Franciscan Summer Vine Harvest Festival Vysmáté léto – Summer Music Fest Nativity Play Passion of Christ Play Religion There are churches and chapels of four Christian denominations: Roman Catholic Church, Czechoslovak Hussite Church, Evangelical Church of Czech Brethren and Eastern Orthodox Church. Roman Catholic parish Church of the Exaltation of the Holy Cross is situated in the square. Education Kadaň is home to several secondary schools with a long history. The oldest of them is the Gymnasium Kadaň that was established in 1803 with 99 students and continued under the control of the Piarists until 1823. The seat of the old gymnasium was a former Minorites Monastery (different from the Franciscan Monastery) near the square in a building which is now residence of the Regional Archives. The institute of gymnasium was then reestablished in 1872 in a new building. The gymnasium was closed again in