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Economy of Lake Baikal



The lake, nicknamed "the Pearl of Siberia", drew investors from the tourist industry as energy revenues sparked an economic boom. Viktor Grigorov's Grand Baikal in Irkutsk is one of the investors, who planned to build three hotels creating 570 jobs. In 2007, the Russian government declared the Baikal region a special economic zone. The popular resort of Listvyanka is home to the seven-story Hotel Mayak. At the northern part of the lake Baikalplan (a German NGO) built together with Russians in 2009 the Frolikha Adventure Coastline Track a 100 km long Long-distance trail as example for a sustainable development of the region. Baikal was also declared a UNESCO World Heritage site in 1996. Rosatom plans to build a laboratory in Baikal, in conjunction with an international uranium plant and to invest $2.5 billion in the region and create 2,000 jobs in the city of Angarsk