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.^[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]

Kazanorgsintez chemical plant

Korston-Kazan [ru] with local World Trade Center

Tupolev Tu-160 strategic bomber built by Kazan Aircraft Production Association

Tupolev Tu-204 airliner built by Kazan Aircraft Production Association

Mil Mi-17 middle helicopter built by Kazan Helicopters

Mil Mi-14 amphibious helicopter built by Kazan Helicopters

Mil Mi-38 intermediate helicopter built by Kazan Helicopters

Kazan Ansat light helicopter built by Kazan Helicopters

Kazan Aktai ultralight helicopter built by Kazan Helicopters

Macroeconomics

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

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

• TAIF (192,10 bln rub. annual receipt)
• Tatenergo (47,13 bln rub.)1
• 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

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

• Kazan Aircraft Production Association

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.

• Kazan Helicopters

Produces "Mi" helicopters.

• Kazan State Powder Mill

Founded in 1788.

• Kazan optical mechanics plant
• Kazan motors building production association
• "NEFIS-cosmetics" JSC (Kazan chemical complex)

Produces a large variety of cleaning agents

• Kazan brewery

Is a proper of EFES group.

• Kazan medical apparatus plant
• Kazan rubber plant ("KVART" JSC)
• Kazan heat devices plant
• Kazan artificial leather plant

Banks

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

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 resort hotel

Grand hotel

Stars Hotel name * * * * * Mirage * * * * Courtyard-Marriott Kazan * * * * Bon Ami * * * * Grand Hotel * * * * Giuseppe * * * * Corston Hotel [ru] * * * * Riviera resort * * * * Suleiman Palace * * * * Shalyapin Palace * * * * Park Inn * * * Ryan Johnson * * * Amax-Safar * * * Bulgar

Stars Hotel name * * * Ibis * * * Volga * * * Gulfstream * * * Derbyshky * * * Dusliq * * * Kolvy * * * Novinka * * * Teatral'naya mansion * * * Premium * * * Prestige House * * * Polyot * * * Regina (network) * * * Hayall * * * Tatar Inn

Construction

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