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]
| 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" 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.
- Kazan optical mechanics plant
- Kazan motors building production association
- "NEFIS-cosmetics" JSC (Kazan chemical complex)
Produces a large variety of cleaning agents
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.[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

