Kazan - one of the largest economic, scientific and cultural centers of Russia. The city on the bank of the Volga river owing to rather favorable geographical position long since was a trading intermediary between the East and the West.
Territory of city - 425,3 sq. km. In Kazan lives over 1,1 million people, about 35 % of them is youth. In 2005 Kazan marked the 1000 anniversary of its foundation.
Kazan is a capital of leading region of Russia - the Republic of Tatarstan. Today capital of Tatarstan - one of the most attractive cities of Russia among the investors. Rating agency Standard and Poor's raised in July, 2007, long-term credit rating of the Republic of Tatarstan from " ВB - forecast stable " to " ВB - forecast positive ", rating on loans in foreign currency Moody's Investor's Service raised from "Ва3" - forecast "stable" to "Ba1", - forecast "stable", and agency " Fitch " assigned in May, 2005, long-term rating to the Republic of Tatarstan in foreign and national currency at a level "ВВ" - e forecast "stable". According to results of rating by the Russian weekly magazine "Expert", on results of 2005-2006 the Republic Tatarstan enters in ten unconditional leaders on low investment risk and high potential among the Russian regions.Read more ...
Kazan enjoys highly skilled personnel potential. The city is known, as one of the largest university centers of Russia: 6 universities and more than 20 institutes where over 147 thousand students are trained.
The economy of Kazan develops dynamically. The total territorial product for last five years has grown by 2 times and in 2006 reached 7,0 billion USD.
Significant growth of total territorial product became possible thanks to increase in volume of investments into economy of the city. For last five years, number of investment projects have been realized, as due to budgetary funds so investments of private business. Since 2000 the volume of investments has grown almost 6 times and reached in 2006г. 3 billion USD. Thus, Kazan is one of the investment leaders among major cities of Russia. The volume of investments per capita for 2006 in Kazan 2 times exceeded average Russian value.
Year from year, level of real incomes of the population is growing and this is proved by significant rates of growth of retail trade turnover which for 2001-2006 increased in Kazan more than 4 times and made 4,7 billion USD in 2006.
In 2006, 32 700 personal cars were purchased. Thus the share of cars of foreign manufacture makes about 25 %.
Advantage of our city was recognized by such big international companies as IKEA, Metro Cash and Carry, OBI, Efes Pilsener and others.
High level of investment appeal of Kazan city is confirmed by successful issue of bonds of municipal loan, having become an additional financial tool in maintenance of dynamical social and economic development of the city: in 2005 - 70 million USD, in 2006 - 85 million USD. The part of the first loan has already been repaid in 2006. According to the conditions of issue, in the end of 2007 it is planned the 4th municipal loan for a total sum 80 million USD.
Example of trust in Kazan from the authoritative international financial-credit organizations is conclusion in 2005 of the agreement on providing by the International bank of reconstruction and development of the grant in amount of 125 mln. USD under the project « Increase of investment appeal of Kazan ». In May, 2007, Kazan has been awarded the privilege to host meeting of Board of Council of managing directors of the European Bank of Reconstruction and Development. Within the limits of council our city was attended by more than 800 representatives from founders of the European Reconstruction and Development Bank and over 2 thousand financiers from 61 countries of the world.
Kazan - major industrial centre. Leading enterprises of the city are known not only in Russia, but also abroad. Employment of the population of the city in industrial sphere makes 27 %. The enterprises produce high-quality output of petrochemistry, aircraft and helicopter sectors, production of equipment and machinery are well - developed. In this regard the economy of Kazan city is wide diversified and does not depend on conjuncture of raw markets, the sphere of services and innovative production is growing .
The major enterprises of Kazan are the following :
- JSC " Kazanorgsintez " - one of the largest chemical enterprises of Russia (more than 37 % of all Russian polyethylene, the major exporter).
- JSC " Kazan helicopter plant " - makes helicopters of type Mi-1, Mi-4, Mi-8, Mi-14, Mi-17 which are operational in more than 80 countries of the world.
- Unique avia-building complex FGUP " KAPO named after S.P.Gorbunov ". For 75 years the Kazan aviation production association has mastered and produced 34 types and updatings of aviation technics by general number of more than 20 thousand units.
- JSC " Kazankompressormash " specializes on production of compressor installations.
Kazan enjoys high level of employment. In 2006 number of employed population made over 600 thousand people that makes 84 % of general number of able-bodied population, and level of the registered unemployment does not exceed 1 %. In this regard women of able-bodied age constitute about 60 %, and men 70 %.
Kazan has a high level of commissioning and provision with habitation. Kazan is one of leaders on commissioning habitation among the cities of Russia. If in 2000 it brought 541,8 thousand sq.m. of housing, in 2003 - 611,3 thousand sq.m, in 2006 already 730,0 thousand sq.м. In 2006 in such large cities as Nizhni Novgorod and Samara input of habitation made only 448 thousand sq.м. and 405 ths.sq.m accordingly. Especially it is necessary to note record volume of construction of new habitation in Kazan as a result of implementing the unique Program of liquidation of shabby habitation (in 2005, commissioned 874,7 thousand sq.m.). Attractiveness of housing market is reasoned by a steady rise in prices in connection with significant excess of demand over the offer. Among the factors of rise in prices are growing incomes of the population and standard of well-being. In 2007 in Kazan it will be entered nearly 825 thousand sq.m. of housing.
Provision with habitation of Kazan population in 2006 made 20,6 sq.м., whereas in 2001 this parameter equaled 19,1 sq.м. By 2020 provision with habitation should grow up to 31 sq.m. per 1 person.
At the moment one of perspective directions of investment strategy is attraction of investments into sphere of commercial real estate. It is explained by several reasons.
The unique Program having no analogues in Russia and all over the world - the Program of liquidation of shabby habitation has been realized in the city. During its realization over 30 thousand families, free of charge, moved from outdated houses in new apartments. As a result investment appeal of the business centre of the city has considerably increased. The platforms for construction with all brought engineering infrastructure have been created and are ready.
Right after its finishing the program of social mortgage which have already become a real tool of solving housing problem for needy layers of the population and workers of budgetary sphere has started. To become the participant of the program of the social mortgage, it is enough to bring 1 thousand roubles, more bigger payments give an opportunity of choice of an apartment and a floor. Credits are given for the period of 28 years under 7 % annual. A source of financing of the program of the social mortgage are voluntary payments of the largest budget forming enterprises at a rate of 1 percent from proceeds. The workers of enterprises-payers have the priority right of participation in the program of social mortgage - on these purposes it is allocated up to 50 % of the constructed apartments. In 2007 it is planned to construct over 2800 apartments.
Thanks to the unique experience of solving social problems and issues of urbanization, Kazan became the first city of Russia which alongside with Naples, has been awarded a great honour to receive in the beginning of October, 2006 tens representative delegations from all country and abroad within the framework of celebrating the World Day of the United Nations-Habitat. Our city the for the first time was visited by deputy secretary general of the United Nations madam Anna Tibajdzhuka and number of foreign guests, the cycle of strategically important meetings and forums, dedicated to solving actual problems of urbanization took place.
Within the framework of preparation for celebrating the 1000 anniversary of Kazan, the Federal target program « Preservation and development of historical center of Kazan » has been developed. The volume of financing of the Program made 3,5 billion USD. Essential progress featured transport infrastructure of the city - the fourth bridge through the Kazanka river was constructed, the first branch of Metro has started, the main transport arteries of the city expanded.
In 2007, development and approval of the new General plan of Kazan - the plan of territorial development of city comes to the end. The general plan of city provides realization of some large projects, such as withdrawal of industrial enterprises from the center, creation of system of ring and radial highways, bridges and crossroads. Besides, it is planned to free territories for accommodation of business and public centers, construction of residential areas on the banks of the rivers Volga and Kazanka due to deposition of railway junction and cargo river port. The general plan and essentially new architectural approaches are directed on creating well arranged, ecologically clean and safe city. Application of modern achievements of urbanistic planning will create comfortable conditions for life of townspeople and development of business.
To increase interest of investors today the well-known architects with world names are involved in cooperation. So presentation of renovation and development concept of construction of Staro-Tatarski sloboda of Kazan was held in September, 2007. The presentation was conducted by chief architect of Barcelona Hose Asebilio. President of Republic Tatarstan Mintimer Shaimiev took active part in discussion of prospects of historical center of Kazan. This project represents excellent opportunities for investments.
Cooperation with prominent Dutch architect Eric Van Egeraatom who holds the 6 place in the world among representatives of his profession became an event. Eric Van Egeraat designed a building of new National library with area 50 thousand sq..m. and cost 80 million USD. The library will be equipped by advanced equipment alongside with the best libraries of the world.
Tourism is actively progressing in Kazan that is caused by high cultural potential of the city. The number of tourists coming to Kazan recent years steadily grows and in 2005 made over 600 ths. people. Our city is included in the list of the world heritage of UNESCO. Pride of Kazan is a rich spiritual heritage and multitude of unique relics. Number of pilgrims annually is growing. Here it is possible to see peacefully adjoining an Orthodox temple and a Muslim mosque, to get acquainted with surprising history of Tatar people and personally gaze ensemble of the Kazan Kremlin, to admire beauty of the Peter and Paul cathedral and a mosque Kul Sharif. Kazan - multinational and multi-confessional city where in peace live different peoples and cultures: more than hundred nationalities, all large religious faiths of the world. There are 23 mosques, 16 orthodox temples, Lutheran kirsche, Catholic chapel, Judaic synagogue in Kazan .
In year 2004 our city received from hands of the Patriarch of Rome John Paul II the Icon of Kazan Divine mother - one of the most important and esteemed orthodox relics which long time was kept in chambers of Apostolic palace in Vatican. Kazan historically is a place of finding of a Wonder-working icon. In this connection the works on creatining Pilgrim center of the international level which is able to host pilgrims and tourists from all world are actively under way. For organization of the center according to the project the special territory which coincides with historical borders of an old temple complex was allocated. In territory the infrastructure necessary for life-support and functioning of the Center is being erected. One of the main stages is creation of new church on a place of the lost "Cave" temple which will carry out former functional purpose of the temple part and an opportunity of demonstration of a place of finding of the Icon.
For satisfaction of existing demand of tourist infrastructure there are almost 40 hotels with total capacity more than 3,7 thousand places in Kazan. At the same time, the hotel infrastructure does not cope with inflow of tourists. If in city already there are hotels 5 and 4 stars the offer for inexpensive 2 and 3-stars hotels for 150-200 places practically is absent. Similar projects are actively supported as one of the prioritiest for city development.
Uniqueness of Kazan is an organic combination of traditions and innovations. Kazan - city of new opportunities, where from 2002 the Innovative technopark “Idea " first and largest in Russia is functioning. In 2006 on the basis of technopark business-incubator «SVIYAGA» opened which gained a grant from the government of Russia. On the basis of technopark there is a practical introduction of innovations and commersilisation of new technologies.
Kazan is chosen as one of 6 cities of Russia, where during years 2006-2010 creation of technopark in sphere of high technologies within the limits of program of the Government of Russia is conducted. The technopark will unite the enterprises of hi-tech branches nano-, bio-, information and other technologies, scientific organizations and educational institutions. The area of information technologies actively is moving forward. The companies IBM, Hewlett Packard actively cooperate with city enterprises. The international company Cisco Systems opened in May 2006 its regional network academy where preparation in the field of IT-technologies is conducted. In many respects development of IT-branch in Kazan is connected with high personnel potential of the capital.
Development of Kazan is stipulated by the following advantages:
- Highly skilled labour force;
- Convenient geographical position and excellent transport opportunities;
- One of the largest commodity markets and deliveries;
- High standard of living and many-sided nature of culture;
- Tolerance in interethnic relations;
- Dynamical development of economy;
- Comfortable conditions for growth
- Advanced innovations.
The investment policy conducted in Kazan is directed, mainly, on creation of stable, transparent rules of business dealing for investors, an effective use of human potential and creative ideas for development of the city economy.