Economy of Kazan


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. Total banking capital of Kazan banks is third in Russia. 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. Kazan ranks 174th in Mercer’s Worldwide Quality of Living Survey.

Macroeconomics

IndicatorValueGross to 2007
Total output volume, rub123,6 bln.107,4 %
Employed, inh.565 000
GRP, rub271,3 bln105 %
Average income, rub17 300134 %
Retailing turnover, rub211 bln120,5 %
Investions, rub102 bln
Expenditure, rub18,361 bln
Revenue, rub17,76 bln
Deficit, rub0,601 bln-

Plant facilities

Several Top-500 Russian companies are headquartered within city boundaries:
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.
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 "Mi" helicopters.
Founded in 1788.
Produces a large variety of cleaning agents
  • Kazan brewery
Is a proper of EFES group.

Banks

Largest banks of Kazan city are:
  • Ak Bars Bank — net wealth for 01.10.08 — 190 bln rub.
  • 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

A unique combination of historic city and modern megalopolis attracts tourists to Kazan. More than 1,000,000 tourists visited Kazan in 2010.
Kazan Kremlin attracts more than 200,000 tourists per year.
There are more than 83 hotels in the city, including:

Construction

YearValue
2000541.8
2003611.3
2004874.7
2005632.0
2006729.6
2007742.3
2008902
2009723
2010770