Economy of Kazan

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Kazan is one of the largest industrial and financial centres of Russia, and a leading city of the Volga economic region in construction and accumulated investment.[1] Total banking capital of Kazan banks is third in Russia.[citation needed] The main industries of the city are: mechanical engineering, chemical, petrochemical, light and food industries. An innovative economy is represented by the largest IT-park in Russia which is one of the largest of its kind amongst Eastern Europe science parks.[2][3] Kazan ranks 174th (highest in Russia) in Mercer’s Worldwide Quality of Living Survey.[4]

Macroeconomics[edit]

Main indicators of 2008[5][6]
Indicator Value Gross to 2007
Total output volume, rub 123,6 bln. 107,4 %
Employed, inh. 565 000
GRP, rub 271,3 bln 105 %
Average income, rub 17 300 [7] 134 %
Retailing turnover, rub 211 bln 120,5 %
Investions, rub 102 bln [8]
Expenditure, rub 18,361 bln
Revenue, rub 17,76 bln
Deficit, rub 0,601 bln

Plant facilities[edit]

Several Top-500 Russian companies[9] are headquartered within city boundaries:

  • TAIF (192,10 bln rub. annual receipt)
  • Tatenergo (47,13 bln rub.)
  • Kazanorgsintez (21,19 bln rub.)
  • Transtechservice (14,87 bln rub)
  • Vamin (9,7 bln rub.)

There are 151 large- and middle-scale enterprises in Kazan city, 98 of them are JSCs. Main industries are: machinery construction, chemicals and petrochemicals, light and food industries. Factory shipments in 2008 year total 94,8 bln rub.

Main enterprises of the city:

"Kazanorgsintez" JSC produces 38% of Russian polyethylene. It also produces a large variety of petrochemical and chemical products.

Founded in 1788.

Produces "Mi" helicopters.

KAPO currently produces the Tu-214 passenger plane and the Tu-160 strategic bomber. There are also plans to start producing Tu-334 regional airliners and Tu-330 freighters.

Produces a large variety of cleaning agents

Is a proper of EFES group.

Banks[edit]

Largest banks of Kazan city are:

  • Ak Bars Bank — net wealth for 01.10.08 — 190 bln rub.[10]
  • Tatfondbank — 40 bln rub.
  • "Kazansky" bank — 10 bln rub.
  • "Spurt" bank — 9,4 bln rub.
  • Energobank — 9,0 bln rub.
  • Intechbank — 5,6 bln rub.
  • "Ipoteka-invest" — 3,6 bln rub.
  • "Zarechye"
  • Tatecobank
  • Tatinvestbank
  • Akibank
  • BTA-Kazan
  • Alfabank

Tourism[edit]

A unique combination of historic city and modern megalopolis attracts tourists to Kazan. More than 1,000,000 tourists visited Kazan in 2010.[11] Kazan Kremlin attracts more than 200,000 tourists per year.[12] There are more than 83 hotels (5700 accommodations) in the city,[13] including:

Riviera
Grand Hotel
Stars Hotel name
* * * * * Mirage
* * * * Courtyard Kazan
* * * * Bon Ami
* * * * Grand Hotel
* * * * Giuseppe
* * * * Korston
* * * * Riviera
* * * * Suleiman Palace
* * * * Shalyapin Palace
* * * * Park Inn
* * * Ryan Johnson
* * * Amax-Safar
* * * Bulgar
Stars Hotel name
* * * Volga
* * * Gulfstream
* * * Derbyshky
* * * Dusliq
* * * Ibis
* * * Kolvy
* * * Novinka
* * * Teatral'naya mansion
* * * Premium
* * * Prestige House
* * * Polyot
* * * Regina (network)
* * * Hayall

Construction[edit]

Apartment house construction (thousands m²)[14]
Year Value
2000 541.8
2003 611.3
2004 874.7
2005 632.0
2006 729.6
2007 742.3
2008 902 [15]
2009 723 [16]
2010 770

References[edit]