Economic effect from holding World Summer Universiade in Kazan made 10.8 billion roubles

On July 8, at a briefing at Tatarstan Cabinet of Ministers, Director General of ANO “Executive office “Kazan 2013” Azat Kadyrov said according to special research on Universiade influence on the region's development the economic effect from holding World Summer Universiade in Kazan made 10.8 billion roubles.

The research included two main criteria, direct and indirect economic effect. The direct economic effect reflects economic changes in sales of the company which provides goods and services to participants of the event. The indirect economic effect shows changes in sales of companies connected with providers of services needed to hold the event.

Azat Kadyrov said that total economic effect made 10.8 billion roubles, including the direct economic effect – 6.2 billion roubles (hotels and restaurants – 2 billion roubles, organizations rendering professional services – 2.8 billion roubles, retail trade – 0.3 billion roubles), the indirect economic effect – 4.6 billion roubles (providers of utility, energy resources, retail trade, equipment leasing).

Besides economic effect the city had other social and economic benefits. Within a short period of time 23 city roads, 11 transport junctions, 41 pedestrian crossings and 73 city streets were built.