Economy
Abakan (together with Tayshet) was a terminal of the major Abakan-Taishet Railway. Now it is an important railway junction.
The city is served by the Abakan International Airport.
The city has a river port, industry enterprises, Katanov State University of Khakasia, and three theatres. Furthermore, it has a commercial center that produces footwear, foodstuffs, and metal products.
The 100th Air Assault Brigade of the Russian Airborne Troops was based in the city until ca. 1996.
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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