Venice granted trading rights
Venice, Metropolitan City of VIn 992, Basil concluded a treaty with the Doge of Venice Pietro II Orseolo under terms reducing Venice's custom duties in Constantinople from 30 nomismata to 17 nomismata. In return, the Venetians agreed to transport Byzantine troops to southern Italy in times of war. According to one estimate, a Byzantine landowning farmer might expect a profit of 10.2 nomismata after paying dues for half of his best-quality land. Basil was popular with the country farmers, the class that produced most of his army's supplies and soldiers. To assure this continued, Basil's laws protected small agrarian property owners and lowered their taxes. Despite the almost constant wars, Basil's reign was considered an era of relative prosperity for the class.